5353 - INTERNATIONAL PROJECT FINANCE (CEU)
Course taught in English
Insegnamento riservato agli studenti CEU
Go to class group/s: 31
This course teaches the foundations of project finance, an innovative and timely financing technique that has been used on many high-profile corporate projects. Project financing is emerging as the preferred alternative to conventional methods of financing infrastructure and other large-scale project worldwide. This course takes the students through the process step by step. It covers the rationale for project financing, how to prepare the financial plan, assess the risks, design the financing mix and raise the funds.
The course has the goal to analyse the reasons why some project financing have succeeded while others have failed. Along with this presentation, the course gives detailed information on:
issues for the host government -legislative previsions, public/private infrastructure partnerships, public/private financing structures
credit requirements of lenders and how to determine the project's borrowing capacity
how to prepare cash flow projections and use them to measure expected rates of return
tax and accounting considerations
detailed case studies.
Our class notes, slides and other information are available in the class learning space. Students are strongly recommended to scan over the class notes and slides before class.
The main textbooks will be:
P.K. NEVITT, F. FABOZZI, Project Financing, Wiley, 2001
E. BORGONOVO, Financial Modelling for International Investment Evaluation, Egea, 2005.