Principles of project finance:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Amsterdam ; Heidelberg [u.a.]
Academic Press
2014
|
| Edition: | 2. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XII, 560 S. graph. Darst. |
| ISBN: | 9780123910585 |
Staff View
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV041601001 | ||
| 003 | DE-604 | ||
| 005 | 20170823 | ||
| 007 | t | ||
| 008 | 140129s2014 d||| |||| 00||| eng d | ||
| 016 | 7 | |a 016507370 |2 DE-101 | |
| 020 | |a 9780123910585 |c hbk. : £54.99 |9 978-0-123-91058-5 | ||
| 024 | 3 | |a 9780123910585 | |
| 035 | |a (OCoLC)868629996 | ||
| 035 | |a (DE-599)BSZ396709966 | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-N2 |a DE-703 |a DE-19 |a DE-1051 |a DE-Aug4 |a DE-706 |a DE-1043 | ||
| 082 | 0 | |a 658.1524 | |
| 084 | |a QP 750 |0 (DE-625)141933: |2 rvk | ||
| 100 | 1 | |a Yescombe, Edward R. |e Verfasser |0 (DE-588)128642076 |4 aut | |
| 245 | 1 | 0 | |a Principles of project finance |c E. R. Yescombe |
| 250 | |a 2. ed. | ||
| 264 | 1 | |a Amsterdam ; Heidelberg [u.a.] |b Academic Press |c 2014 | |
| 300 | |a XII, 560 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 4 | |a Project management / Finance | |
| 650 | 0 | 7 | |a Projektfinanzierung |0 (DE-588)4047425-2 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Projektfinanzierung |0 (DE-588)4047425-2 |D s |
| 689 | 0 | |5 DE-604 | |
| 856 | 4 | 2 | |m Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027042605&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-027042605 | ||
Record in the Search Index
| _version_ | 1804151794581897216 |
|---|---|
| adam_text | Contents
1
Introduction
1
2
What is Project Finance?
5
§2.1
Introduction
5
§2.2
Definition and Basic Characteristics
5
§2.3
Development of Project Finance
9
§2.4
Elements of a Project-Finance Structure
13
§2.5
Examples of Project-Finance Structures
14
§2.6
Why Use Project Finance?
20
3
Project Development and Management
29
§3.1
Introduction
29
§3.2
Sponsors and Other Investors
30
§3.3
Project Development
33
§3.4
The
Rôle
of Advisors
34
§3.5
Joint-Venture Issues
38
§3.6
The Project Company
40
§3.7
Public Procurement
44
4
The Project-Finance Markets
61
§4.1
Introduction
61
§4.2
Commercial Banks
62
§4.3
Bonds
66
§4.4
Other Non-Bank Lenders
74
§4.5
Other Sources of Private-Sector Debt
74
5
Working with Lenders
79
§5.1
Introduction
79
§5.2
Commercial Banks
79
§53
Bonds
91
§5.4
Bank Loans Versus Bonds
93
§5.5
Lenders Due-Diligence Process and External Advisors
95
§5.6
Lenders and the Public-Procurement Process
99
Conten
6
Types of Project Agreement
103
§6.1
Introduction
103
§6.2
ВОТ, ВТО
et al.
104
§6.3
Offtake Contract
106
§6.4
Availability-based Contract
115
§6.5
Concession Agreement
123
§6.6
Other PPP-like Contracts
125
7
Common Aspects of Project Agreements
129
§7.1
Introduction
129
§7.2
Term
130
§7.3
Payment Mechanism
132
§7.4
Contract Monitoring by the Offtaker/Contracting Authority
135
§7.5
Performance Bonding and other Guarantees
137
§7.6
Compensation Events
138
§7.7
Excusing Causes
143
§7.8
Relief Events
143
§7.9
Step-in by the Offtaker/Contracting Authority
144
§7.10
Termination of the Project Agreement
145
§7.11
Change of Ownership
160
§7.12
Dispute Resolution
161
8
Sub-Contracts and Other Related Agreements
163
§8.1
Introduction
163
§8.2
Construction Contract
164
§83
O&M/Maintenance
Contractes)
174
§8.4
Building-Services Contract
176
§8.5
Fuel or other Input-Supply Contract
177
§8.6
Insurance
182
§8.7
Site Lease and other Usage Rights
190
§8.8
Permits and other Rights
191
§8.9
Amendments to and Replacement of Sub-Contracts
193
§8.10
Parent-Company Guarantees
193
Ї.11
Direct Agreements
194
Commercial Risks
197
§9.1
Introduction
197
§9.2
Risk Evaluation and Allocation
198
§9.3
Analysis of Commercial Risks
200
§9.4
Commercial Viability
201
ontents v
§9.5
Construction Risks
203
§9.6
Revenue Risks
219
§9.7
Operating Risks
230
§9.8
Input-Supply Risks
236
§9.9
Uninsured Risks and Related issues
241
§9.10
Environmental Risks
244
§9.11
Residual-Value Risk
248
§9.12
Contract Mismatch
248
§9.13
Recourse to the Sponsors
250
§9.14
Risks for an Offtaker/Contracting Authority
253
§9.15
Why do Projects Fail?
253
§9.16
Loss on Default
255
10
Macro-Economic Risks
257
§10.1
Introduction
257
§10.2
The Time Value of Money
258
§10.3
Interest-Rate Risks
265
§10.4
Inflation
279
§10.5
Foreign-Exchange Risks
286
§10.6
Refinancing Risk
293
11
Regulatory and Political Risks
295
§11.1
Introduction
295
§11.2
Projects and Politics
296
§11.3
Change in Law
297
§11.4
Investment Risks
300
§11.5
Wider Political Risks
305
§11.6
Sub-Sovereign Risk
308
§11.7
Government Support Agreement
309
§11.8
Political-Risk Insurance and Guarantees
311
12
Financial Structuring
313
§12.1
Introduction
313
§12.2
Investors Analysis and Equity Structure
314
§12.3
Debt Cover Ratios
322
§12.4
Debt:Equity Ratio
327
§12.5
Debt Service Profile
329
§12.6
Interest Rate and Fees
337
§12.7
Additional Costs
340
§12.8
Optimizing the Financial Structure
341
ontents
13
The Financial Model
345
§13.1
Introduction
345
§13.2
Functions of the Financial Model
346
§13.3
Model Inputs
347
§13.4
Macro-Economic Assumptions
348
§13.5
Project Costs and Financing
351
§13.6
Operating Revenues and Costs
354
§13.7
Accounting and Taxation Issues
354
§13.8
Model Outputs
362
§13.9
Sensitivity Analysis
363
§13.10
The Banking Case, Base Case and Financial Close
364
§13.11
Using the Model after Financial Close
364
14
Project-Finance Loan Documentation
367
§14.1
Introduction
367
§14.2
Lenders Term Sheet
368
§14.3
Construction Phase
—
Drawdown of Debt
368
§14.4
Operating Phase
—
Control of Cash Row
371
§14.5
Reporting Requirements
379
§14.6
Debt Cancellation and Prepayment
380
§14.7
Lenders Security
382
§14.8
Conditions Precedent
386
§14.9
Representations and Warranties
389
§14.10
Covenants
391
§14.11
Permissions, Waivers and Amendments
394
§14.12
Events of Default
395
§14.13
Lenders7 Decision-Making Process
398
§14.14
Intercreditor Issues
400
§14.15
Governing Law and Jurisdiction
405
§14.16
Debt Refinancing
405
§14.17
Secondary Equity Sale
418
15
Public-Sector Financial Support
423
§15.1
Introduction
423
§15.2
Indirect Public-Sector Financial Support
424
§153
Direct Public-Sector Financial Support
424
§15.4
Mezzanine Debt
427
§15.5
Standby Financing
429
Contents ix
мшим
§15.6
Refinancing after
Project
Completion
429
§15.7
Gap Financing
430
§15.8
Policy Banks
431
§15.9
Credit Guarantee Finance
432
§15.10
Capital Grant
433
§15.11
Viability-Gap Funding
435
§15.12
Part-Construction of the Project
436
§15.13
Complementary Investment
436
§15.14
Full Debt Guarantee
436
§15.15
First-Loss Debt Guarantee
437
§15.16
Pari-Passu Debt Guarantee
437
§15.17
Debt Underpinning
438
§15.18
Minimum Revenue Guarantee ( MRG )
438
§15.19
Tariff Subsidy
440
§15.20
Public-Sector Project Company
441
§15.21
Guarantee Funds
441
16
Export-Credit Agencies and Development-Finance Institutions
443
§16.1
Introduction
443
§16.2
Export Credit Agencies
444
§16.3
Political-Risk Insurance for Investors
452
§16.4
ECAs and Bilateral DFIs
453
§16.5
Multilateral Development-Finance Institutions
462
Annex: U.S. Exim Project Criteria and Application Information
Requirements
477
17
Recent Market Developments and Prospects for Project Finance
481
§17.1
Introduction
481
§17.2
The Effect of the
2008
Financial Crisis
482
§17.3
The Basel Process
483
§17.4
Non-Bank Lenders
485
§17.5
Improving Project-
Fin
ance
Credit Risk
487
§17.6
New Models
491
§17.7
The Future of Project Finance
497
Glossary and Abbreviations
499
Index
541
|
| any_adam_object | 1 |
| author | Yescombe, Edward R. |
| author_GND | (DE-588)128642076 |
| author_facet | Yescombe, Edward R. |
| author_role | aut |
| author_sort | Yescombe, Edward R. |
| author_variant | e r y er ery |
| building | Verbundindex |
| bvnumber | BV041601001 |
| classification_rvk | QP 750 |
| ctrlnum | (OCoLC)868629996 (DE-599)BSZ396709966 |
| dewey-full | 658.1524 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.1524 |
| dewey-search | 658.1524 |
| dewey-sort | 3658.1524 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 2. ed. |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01443nam a2200373 c 4500</leader><controlfield tag="001">BV041601001</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20170823 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">140129s2014 d||| |||| 00||| eng d</controlfield><datafield tag="016" ind1="7" ind2=" "><subfield code="a">016507370</subfield><subfield code="2">DE-101</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9780123910585</subfield><subfield code="c">hbk. : £54.99</subfield><subfield code="9">978-0-123-91058-5</subfield></datafield><datafield tag="024" ind1="3" ind2=" "><subfield code="a">9780123910585</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)868629996</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BSZ396709966</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-N2</subfield><subfield code="a">DE-703</subfield><subfield code="a">DE-19</subfield><subfield code="a">DE-1051</subfield><subfield code="a">DE-Aug4</subfield><subfield code="a">DE-706</subfield><subfield code="a">DE-1043</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">658.1524</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QP 750</subfield><subfield code="0">(DE-625)141933:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Yescombe, Edward R.</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)128642076</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Principles of project finance</subfield><subfield code="c">E. R. Yescombe</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">2. ed.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Amsterdam ; Heidelberg [u.a.]</subfield><subfield code="b">Academic Press</subfield><subfield code="c">2014</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XII, 560 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Project management / Finance</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Projektfinanzierung</subfield><subfield code="0">(DE-588)4047425-2</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Projektfinanzierung</subfield><subfield code="0">(DE-588)4047425-2</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027042605&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-027042605</subfield></datafield></record></collection> |
| id | DE-604.BV041601001 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T01:00:29Z |
| institution | BVB |
| isbn | 9780123910585 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-027042605 |
| oclc_num | 868629996 |
| open_access_boolean | |
| owner | DE-N2 DE-703 DE-19 DE-BY-UBM DE-1051 DE-Aug4 DE-706 DE-1043 |
| owner_facet | DE-N2 DE-703 DE-19 DE-BY-UBM DE-1051 DE-Aug4 DE-706 DE-1043 |
| physical | XII, 560 S. graph. Darst. |
| publishDate | 2014 |
| publishDateSearch | 2014 |
| publishDateSort | 2014 |
| publisher | Academic Press |
| record_format | marc |
| spelling | Yescombe, Edward R. Verfasser (DE-588)128642076 aut Principles of project finance E. R. Yescombe 2. ed. Amsterdam ; Heidelberg [u.a.] Academic Press 2014 XII, 560 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Project management / Finance Projektfinanzierung (DE-588)4047425-2 gnd rswk-swf Projektfinanzierung (DE-588)4047425-2 s DE-604 Digitalisierung UB Bayreuth - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027042605&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Yescombe, Edward R. Principles of project finance Project management / Finance Projektfinanzierung (DE-588)4047425-2 gnd |
| subject_GND | (DE-588)4047425-2 |
| title | Principles of project finance |
| title_auth | Principles of project finance |
| title_exact_search | Principles of project finance |
| title_full | Principles of project finance E. R. Yescombe |
| title_fullStr | Principles of project finance E. R. Yescombe |
| title_full_unstemmed | Principles of project finance E. R. Yescombe |
| title_short | Principles of project finance |
| title_sort | principles of project finance |
| topic | Project management / Finance Projektfinanzierung (DE-588)4047425-2 gnd |
| topic_facet | Project management / Finance Projektfinanzierung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027042605&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT yescombeedwardr principlesofprojectfinance |