PROJECT FINANCE

MASTERING INFRASTRUCTURE PROJECT FINANCE

Get to grips with the practical financial and structural issues surrounding infrastructure and other PPP/PFI projects. Infrastructure and PPP project financing is still very much in demand and the sector has one of the richest mixes of funding sources within the limited recourse lending arena. Capital market providers compete - and cooperate - with traditional bank lenders. Export credit agencies have seen increased demand for their services and development banks have developed new products to compensate for a reduced international commercial bank presence in emerging markets. This financing sector saw one of the most rapid and dramatic revisions to pricing models of all the project finance markets in the immediate wake of the global financial crisis, with commercial banks in particular responding to the demands of a tighter credit environment and the provisions of Basel III. Much has changed since 2008/9, however, and the content of this course has been continuously adjusted to reflect the new environment.

The course will cover:

  • The qualitative analysis of project risk;
  • Quantitative analysis and debt sizing/structuring;
  • Project finance documentation from a commercial as well as a legal perspective

Layered onto this core platform are the variants of project financing techniques employed in the different sub-sectors of the infrastructure/PPP space. Read more or download course brochure

MASTERING PROJECT FINANCE DOCUMENTATION

A unique, new programme specifically designed to help practitioners gain a deeper insight into the mechanics of project finance documentation. This course has been designed to address a need articulated by bank project finance team leaders, for a training course with much greater “granularity” of content and depth of analysis with regard to the key project and financing documents. The need we have identified is for a workshop which goes well beyond the basic features of these agreements, so as to equip project finance team members with a deeper knowledge of:

  • These documents’ core structure and key variants
  • The issues which are likely to be most contentious in the discussions between sponsors, lenders and others

This Project Finance Documentation course is also a valuable element in the training and development of sponsor-side negotiators and financial advisers from investment banks, accounting firms and commercial bank advisory teams. Undoubtedly, a lender’s appetite for risk acceptance and the provision of high levels of debt will be a key factor in the success of a project financing. Borrowers and financial advisers have a keen interest in understanding what makes a particular agreement “bankable” and capable of supporting high earning. Legal firms may also wish to consider the course as means of sensitising staff to the particular issues of project financing documentation. The programme for this course has been developed with in-depth support and advice from legal counsel with wide experience across the whole spectrum of project financing practice. Read more or download course brochure

REAL ESTATE FINANCE & INVESTMENT

Gain in-depth practical insights into the current real estate market and learn how to maximize the opportunities it presents. A huge amount of money has and will continue to be made in real estate investments. However, it is no secret that this industry has been hit hard by the global financial crisis and as a result it has become more and more difficult to maximise the opportunities out there. These challenges mean that real estate investment and financing has changed beyond recognition. Now, financing and investing in property is one of the most difficult games in town. Therefore it is crucial to keep up with the current market changes and challenges to ensure you can exploit the opportunities that are still out there. This course has been designed to do help you do just that, providing a practical and comprehensive introduction to the subject. Drawing on the trainer’s global experience it provides you with a full background of the financial aspects of commercial and residential real estate in terms of how to calculate returns, how it is financed and how to analyse leases successfully, to invest and sell profitably. You will gain a thorough understanding of the valuation process, as well as explore the principles behind financing a project. This will include a review of the different financial instruments, how they can be used and their impact on the overall performance of the real estate project. To maximise this learning opportunity, simulation exercises have been included throughout the course. Please be sure to bring your own laptop to ensure you can take part in these exercises to help link theory with practical systems and reinforce the understanding of the material presented. Read more or download course brochure

 

SCHOOL OF REAL ESTATE FINANCE & INVESTMENT

A practical training course for analysts, investors, financiers, developers and advisors. The objective is to give insights to the latest thinking and innovation in analytical techniques for real estate finance and investment. This course is designed as an integrated series of modules which will increase participants’ understanding of today’s complex, sophisticated process of real estate investment and finance. It has been created by a course director with extensive practical understanding of global real estate markets who works in one of London’s top business schools. In addition to expert course tuition, delegates will benefit from networking and information-sharing opportunities. The programme’s main objective is to give insights to the latest thinking and innovation in analytical techniques. Participants will consider frameworks for decision rules on major capital expenditure commitments in public and private real estate markets, both at the asset and portfolio level. Real estate has become a larger, diverse, more sophisticated investable universe and one characterised by relatively low market risk. The growth of the indirect property sector with development of REITs, private equity vehicles and derivative products have significantly improved transparency and liquidity guided by the increasing stature of global industry bodies giving leadership and direction with policy and best practice procedures on a par with the other capital markets. There is an increasing awareness that public and private real estate both have a role in a multi-asset globally balanced portfolio. Essentially, each individual investor needs to have a strategy for and tactical appreciation of how real estate exposure can be accessed, financed and used in a balanced portfolio with a focus on any combination of the objectives of income generation, return enhancement, diversification or inflation hedging. Read more or download course brochure