Project Finance : Applications and Insights to Emerging Markets Infrastructure.

Cover -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgments -- Chapter 1 Principles and Application of Project Finance -- Origins and History of Project Finance -- Why Sponsors Use Project Finance -- Project Finance-Asset Class Performance -- Global Infrastructure Outlook -- The Infrastructure Gap in Emerging Markets -- Focus-Asia Infrastructure Needs -- Endnotes -- Chapter 2 Project Finance-Risk Analysis and Mitigation -- Commercial versus Contract Viability -- Sponsor Risk -- Political Risk -- Construction and Completion Risk -- Operation and Maintenance Risk -- Supply Risks -- Reserve Risk -- Sales/Offtake Risk -- Approvals and Permits -- Social and Environmental Considerations -- Financial Risks -- Force Majeure Risk -- Endnotes -- Chapter 3 Project Finance Agreements and Loan Documentation -- Construction Contracts in Project Finance -- Operations and Maintenance Contracts in Project Finance -- Offtake Contracts/Concession Agreements -- Supply Contracts -- Project Finance Loan Documentation -- Key Lender Protection Mechanisms and Strategies for Negotiating Finance Agreements -- Chapter 4 Risks and Challenges of Project Financing in Emerging Markets -- Track Record of Project Finance in Emerging Markets-The Asian IPP Experience -- Currency Mismatch-Lessons Learned from the Asian Currency Crisis -- How the Asian Currency Crisis Transformed the Approach to Project Finance -- Role of Multilateral, Bilateral Development Banks, and Export Credit Agencies -- Stakeholder Alignment Issues -- Mitigating Political and Sovereign Risks -- Endnotes -- Chapter 5 Sources of Financing for Emerging Markets -- Multilateral Development Banks (MDBs) -- Bilateral Development Banks (BDBs) -- Export Credit Agencies (ECAs) -- Commercial Banks -- Political Risk Insurance Market-Breach of Contract and Non-Honoring of Financial Guarantees.

Project Bonds -- Equipment Suppliers and Financing -- Institutional Lenders (Insurance Companies, Infrastructure Funds, Pension Funds, Private Equity, and so forth) -- Strategies for Multi-Sourced Financing in Emerging Markets -- Endnotes -- Chapter 6 Financial Structuring and Debt Sizing -- The Borrower/Sponsor Objectives -- Lenders' Objectives -- Debt Sizing and Sculpting -- Financial Structuring-Debt Sizing and Loan Amortization -- Lender Ratios for Debt Calibration and Stress Testing -- Cash Traps and Sweeps -- Endnotes -- Chapter 7 Environmental and Social Governance (ESG) -- Sustainable Infrastructure Project Finance and Investing -- Equator Principles -- Multilateral Development Banks and ESG Frameworks -- IFC Impact Investing Principles -- Green Bonds -- Sustainability Project Financing and UN Social Development Goals (SDGs) -- Unlocking Institutional Capital to Meet Emerging Market SDGs -- Endnotes -- Chapter 8 Emerging Markets, Project Finance Bonds, and Local Capital Markets -- Project Bonds versus Project Loans -- Project Bonds Investor Base and Market Liquidity -- Local Currency Project Bonds and Partial Credit Guarantees/Insurance Wraps -- Endnotes -- Chapter 9 China's Belt and Road Initiative -- Background and Scope of the Belt and Road Initiative -- China's Financing Strategy for BRI Infrastructure Development -- Emergence of New Multilateral Development Banks-Focus on the Asia Infrastructure Investment Bank -- Endnotes -- Chapter 10 Project Finance Market Developments and Finance Structures -- Mini-Perm Financing Structures -- Back-Levered Financings for Renewable Energy Projects -- Infrastructure Guarantee Products-Bond and Private Capital Credit Enhancement -- Endnotes -- Bibliography -- Index -- EULA.

Description based on publisher supplied metadata and other sources.

Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.