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08185nam a22002177a 4500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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20220706173530.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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220706b ||||| |||| 00| 0 eng d |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
9781119642466 |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER |
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| Classification number |
332.6091724 |
| Item number |
CLI |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Clifford, Paul D. |
| 245 ## - TITLE STATEMENT |
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| Title |
Project finance: applications and insights to emerging markets infrastructure |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Name of publisher, distributor, etc. |
John Wiley & Sons, Inc. |
| Place of publication, distribution, etc. |
New Jersey |
| Date of publication, distribution, etc. |
2021 |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
xv, 208 p. |
| 365 ## - TRADE PRICE |
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| Price type code |
USD |
| Price amount |
64.95 |
| 504 ## - BIBLIOGRAPHY, ETC. NOTE |
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| Bibliography, etc. note |
TABLE OF CONTENTS<br/>Chapter 1 Principles and Application of Project Finance<br/><br/>• Origins and History of Project Finance<br/><br/>• Why Sponsors use Project Finance<br/><br/>• Project Finance – Asset Class Performance<br/><br/>• Global Infrastructure Outlook<br/><br/>• The Infrastructure Gap in Emerging Markets<br/><br/>• Focus - Asia Infrastructure Needs<br/><br/>Chapter 2 Project Finance – Risk Analysis & Mitigation<br/><br/>• Commercial versus Contract Viability<br/><br/>• Sponsor R`isk<br/><br/>• Political Risk<br/><br/>• Construction & Completion Risk<br/><br/>• Operation & Maintenance Risk<br/><br/>• Supply Risks<br/><br/>• Reserve Risk<br/><br/>• Sales / Offtake Risk<br/><br/>• Approvals and Permits<br/><br/>• Social & Environmental Considerations<br/><br/>• Financial Risks<br/><br/>• Force Majeure Risk<br/><br/>• Regulatory & Change in Law Risk<br/><br/>Case Study – Mozal Aluminum Project, Mozambique<br/><br/>Case study learning objectives:<br/><br/>• Apply Project Risk Analysis, Mitigation and Allocation Learnings<br/><br/>• Structure Matters – Application of Effective Structural Risk Mitigation<br/><br/>• The Paradox of Infrastructure Investment and Finance – Higher Risk requires higher returns which expose lenders and Project to adverse sovereign actions<br/><br/>Chapter 3 Project Finance Agreements and Loan Documentation<br/><br/>• Construction Contracts in Project Finance<br/><br/>• Operations & Maintenance Contracts in Project Finance<br/><br/>• Offtake Contracts/Concession Agreements<br/><br/>• Supply Contracts<br/><br/>• Project Finance Loan Documentation<br/><br/>• Common Terms Agreement<br/><br/>• Account Agreement & the Cash flow “Waterfall”<br/><br/>• Direct Agreements<br/><br/>• Covenants and Security package<br/><br/>• Key Lender Protection Mechanisms & Strategies for Negotiating Finance Agreements<br/><br/>Case Study – Samba Drillship Oil & Gas Project, Brazil<br/><br/>Case Study Learning Objectives:<br/><br/>• How Project Finance Lender Security Rights and Protections Work<br/><br/>• Challenges and Issues Enforcing Lender Security Rights<br/><br/>• How Lenders Successfully Exercise Step-in Rights<br/><br/>• Ring-fencing Projects from Bankruptcy Actions<br/><br/>Chapter 4 Risks and Challenges of Project Financing in Emerging Markets<br/><br/>• Track Record of Project Financing in Emerging Markets – The Asian IPP Experience<br/><br/>• Currency Mismatch - Lessons Learned from the Asian Currency Crisis<br/><br/>• How the Asian Currency Crisis Transformed the Approach to Project Finance<br/><br/>• Role of Multilateral, Bilateral Development Banks and Export Credit Agencies<br/><br/>• Stakeholder Alignment Issues<br/><br/>• Mitigating Political and Sovereign Risks<br/><br/>• Local Community Benefits and Social Infrastructure<br/><br/>Case Study – Dabhol Power Project, India<br/><br/>Case Study Learning Objectives:<br/><br/>• Why Projects in Emerging Markets Fail<br/><br/>• Importance of Stakeholder Alignment and Balanced Risk Adjusted Returns<br/><br/>• Market Entry Strategies for Emerging Markets<br/><br/>Chapter 5 Sources of Financing for Emerging Markets<br/><br/>• Multilateral Development Banks<br/><br/>• Bilateral Development Banks<br/><br/>• Export Credit Agencies<br/><br/>• Commercial Banks<br/><br/>• Political Risk Insurance Market – Breach of Contract and Non-Honoring of Financial Guarantees<br/><br/>• Project Bonds<br/><br/>• Equipment Suppliers and Financing<br/><br/>• Institutional Lenders (insurance companies, infrastructure funds, pension funds, private equity etc.)<br/><br/>• Strategies for Multi-Sourced Financing in Emerging Markets<br/><br/>Case Study – Nam Theun 2 Hydro Project, Laos<br/><br/>Case study learning objectives:<br/><br/>• Project Finance Structuring to Achieve Multi-Source Financing<br/><br/>• Effective Documentation and Contract Structure<br/><br/>• How to Address Cross Border/Cross Currency Risks<br/><br/>• How to Achieve Efficient Financial Execution<br/><br/>Chapter 6 Financial Structuring and Debt Sizing<br/><br/>• The Borrower/Sponsor Objectives<br/><br/>• Lenders Objectives<br/><br/>• Debt Sizing & Sculpting<br/><br/>• Financial Structuring – Debt Sizing and Loan Amortization<br/><br/>• Lender Ratios for Debt Calibration & Stress Testing<br/><br/>• Cash Traps and Sweeps<br/><br/>Case Study – Sabine Pass LNG Project & USA-Asia Energy Flows<br/><br/>Case Study Learning Objectives:<br/><br/>• Application of Mini-Perm Financing<br/><br/>• Project Finance Structuring to Optimize Bank and Bond Financing<br/><br/>• Cross Border Energy Trade Flows between US and Asia<br/><br/>Chapter 7 Environmental Social and Governance (ESG)<br/><br/>• Sustainable Infrastructure Finance and Investing<br/><br/>• Equator Principles<br/><br/>• Multilateral Development Banks ESG frameworks<br/><br/>• IFC Impact Investing Principles<br/><br/>• Green Bonds<br/><br/>• Sustainability Project Financing and UN Social Development Goals<br/><br/>• How to Unlock ESG Institutional Capital<br/><br/>Case Study – Manzanillo Container Port Terminal Project, Mexico<br/><br/>Case study learning objectives:<br/><br/>• Understanding and Analyzing Market Risk in Project Deals<br/><br/>• Role of Multilateral Development Banks Managing Environmental and Social Issues<br/><br/>• Assessing and Mitigating Social and Environmental Risks<br/><br/>Chapter 8 Emerging Markets Project Finance Bonds & Local Capital Markets<br/><br/>• Project Bonds Versus Project Loans<br/><br/>• Project Bonds Investor Base & Market Liquidity<br/><br/>• Local Currency Project Bonds & Partial Credit Guarantees/Insurance Wraps<br/><br/>• Recent Project Bond Case Study in Emerging Markets<br/><br/>Case Study – Mong Duong 2 Power Project, Vietnam<br/><br/>Case study learning objectives:<br/><br/>• Example of Asia frontier market power project capital markets bond refinancing<br/><br/>• Project finance structuring requirements for bond investor refinancing<br/><br/>• Terms and conditions for emerging markets bond deal<br/><br/>Chapter 9 China’s Belt and Road Initiative<br/><br/>• Background and Scope of the Belt and Road Initiative<br/><br/>• Belt and Road Initiative Infrastructure Needs – Spotlight on the China-Pakistan Economic Corridor<br/><br/>• China’s Financing Strategy for BRI Infrastructure Development<br/><br/>• Emergence of New Multilateral Developments Banks – Focus on Asia Infrastructure Investment Bank<br/><br/>Chapter 10 Project Finance Market Developments and Finance Structures<br/><br/>• Mini-Perm Financing Structures<br/><br/>• Back-Levered Financings for Renewable Energy Projects<br/><br/>• Infrastructure Guarantee Products – Bond and Private Capital Credit Enhancement |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc. |
In Project Finance: Applications and Insights to Emerging Markets Infrastructure, distinguished professor and author Paul Clifford insightfully applies the fundamental principles of project finance structuring to infrastructure investments in emerging markets.<br/><br/>Using leading emerging market case studies to illuminate the underlying themes of the book, the author provides a practitioner’s perspective and incisive analysis of concepts crucial to a complete understanding of project finance in emerging markets, including:<br/><br/>· Risk management<br/><br/>· ESG and impact investing<br/><br/>· The emergence of new global multilateral development banks<br/><br/>· China’s Belt and Road Initiative<br/><br/>Project Finance bridges the gap between theoretical infrastructure development, investment, and finance and the implementation of that theory with instructive and applicable case studies. Throughout, the author relies on a grounded and quantitative approach, combining the principles of corporate finance with straightforward explanations of underlying technologies, frameworks, and national policies.<br/><br/>This book is an invaluable resource for undergraduate and graduate students in finance, as well as professionals who are expected to deal with project and infrastructure finance in emerging markets. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Economic development projects--Finance |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Infrastructure (Economics)--Finance |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Developing countries |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Source of classification or shelving scheme |
Dewey Decimal Classification |
| Koha item type |
Book |