Course 2019-2020 a.y.

30179 - INTERNATIONAL PROJECT FINANCE

Department of Finance

Course taught in English
Go to class group/s: 31
BEMACS (6 credits - I sem. - OP  |  SECS-P/09)
Course Director:
CHIARA PALMIERI

Classes: 31 (I sem.)
Instructors:
Class 31: CHIARA PALMIERI


Suggested background knowledge

Familiarity with financial statements. Basic financial and accounting knowledge.

Mission & Content Summary

MISSION

The course aims at describing the basic techniques of Project Finance. As government spending is limited around the world and infrastructure developing is in high demand, Project Finance is a very actual topic and an area of job opportunities in the future, as private players step in the market to finance long term projects.

CONTENT SUMMARY

  • Introduction to Project Finance
  • Rationale for Project Finance 
  • Project feasibility and risk management
  • Advisors and relative fee structure
  • Cash flow analysis
  • Optimal capital structure 
  • Vat facility
  • Equity financing
  • Debt financing: rating, ranking, tenor, amortisation, covenants, ...

Intended Learning Outcomes (ILO)

KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...

At the end of the course, students will be able to recognize and utilize the main tools of Project Finance techniques:
  • Key feature of Project Financing vs Corporate financing.
  • Relevant financial ratios in Project Finance
  • Waterfall structure etc.
  • Cash Flow planning.

APPLYING KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...

In addition to technical knowledge, students will obtain the basic tools required to comprehend leverage, risk and long term planning.

Teaching methods

  • Face-to-face lectures
  • Guest speaker's talks (in class or in distance)
  • Exercises (exercises, database, software etc.)

DETAILS

  • Exercises: exercises aimed to understand logics and calculations skills.
  • External speakers: attendance of external speakers expert in the field.

Assessment methods

  Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
     x

ATTENDING AND NOT ATTENDING STUDENTS

With the purpose of measuring the acquisition of the above-mentioned learning outcomes, the students’ assessment is based on a written consisting of exercises, open questions and multiple choices aimed to assess  students’ ability to apply the analytical tools illustrated during the course, to solve and explain problems   and to comment on optimal capital structure issues.

Teaching materials


ATTENDING AND NOT ATTENDING STUDENTS

Last change 30/05/2019 10:25
CLEAM (6 credits - I sem. - OP  |  SECS-P/09) - CLEF (6 credits - I sem. - OP  |  SECS-P/09) - CLEACC (6 credits - I sem. - OP  |  SECS-P/09) - BESS-CLES (6 credits - I sem. - OP  |  SECS-P/09) - WBB (6 credits - I sem. - OP  |  SECS-P/09) - BIEF (6 credits - I sem. - OP  |  SECS-P/09) - BIEM (6 credits - I sem. - OP  |  SECS-P/09) - BIG (6 credits - I sem. - OP  |  SECS-P/09)
Course Director:
CHIARA PALMIERI

Classes: 31 (I sem.)
Instructors:
Class 31: CHIARA PALMIERI


Suggested background knowledge

Familiarity with financial statements. Basic financial and accounting knowledge.

Mission & Content Summary

MISSION

The course aims at describing the basic techniques of Project Finance. As government spending is limited around the world and infrastructure developing is in high demand, Project Finance is a very actual topic and an area of job opportunities in the future, as private players step in the market to finance long term projects.

CONTENT SUMMARY

The course gives detailed information on:

  • Introduction to Project Finance
  • Rationale for Project Finance 
  • Project feasibility and risk management
  • Advisors and relative fee structure
  • Cash flow analysis
  • Optimal capital structure 
  • Vat facility
  • Equity financing
  • Debt financing: rating, ranking, tenor, amortisation, covenants, ..

Intended Learning Outcomes (ILO)

KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...

Understand:

  • Understand the differences between corporate finance and project finance.
  • Understand the main actors involved in a project financing.
  • Understand the financial viability of project financing and the main risk present in a project.
  • Understand the financial planning in project finance.

APPLYING KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Do a financial plan for a spv.
  • Assess a project of a spv.
  • Prepare financiail projections.
  • Determine the borrowing capacity of the project.

Teaching methods

  • Face-to-face lectures
  • Guest speaker's talks (in class or in distance)
  • Exercises (exercises, database, software etc.)

DETAILS

  • Exercises: exercises aimed to understand logics and calculations skills.
  • External speakers: attendance of external speakers expert in the field.

Assessment methods

  Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
     x

ATTENDING AND NOT ATTENDING STUDENTS

With the purpose of measuring the acquisition of the above-mentioned learning outcomes, the students’ assessment is based on a written consisting of exercises, open questions and multiple choices aimed to assess students’ ability to apply the analytical tools illustrated during the course, to solve and explain problems and to comment on optimal capital structure issues.

Teaching materials


ATTENDING AND NOT ATTENDING STUDENTS

Last change 30/05/2019 10:27