Upon successful completion of this course, students should be able to:
Course Specific Skills:
- Understand how project finance differs from corporate finance in raising long-term financing,
- Appreciate the rationale in using project finance as a useful alternative to corporate finance tools in certain cases,
- Analyze project viability, and identify and evaluate risks that can be encountered in a project finance deal,
- Design security arrangements in a project finance transaction,
- Structure a project based on the advantages and disadvantages of different structural forms,
- Design the optimal financial plan for a project finance deal,
- Construct financial models to assess the viability and risks of a project,
- Tailor, by using the financial model, the structure of a project to satisfy debt and equity holders,
- Use real options to assess the value of contingencies in evaluating a project,
- Identify different sources of project funds,
- Understand how to arrange financing through syndication,
- Understand how to manage project risks using derivative instruments such as swaps, options, forwards and futures,
- Understand issues for the host government and the concept of public-private partnerships (PPPs)
- Apply the concepts learned to real world practical examples through case studies.
Discipline Specific Skills:
- Understand the potential of project financing in certain cases in business administration
- Develop understanding of the importance of firm-level investment decisions for an economy.
Personal and Key Skills:
- Develop problem solving skills Develop writing and discussion skills
- Develop presentation skills