Project Finance - In-House Training

IFF - International Faculty of Finance
Training overview
Corporate / Group Training
3 days
From 2,999 GBP

Start dates
2,999 GBP
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Course description

Project Finance - In-House Training

A three-day practical training course

  • Analyse why and when sponsors use project financing techniques
  • Use the latest project finance techniques and jargon
  • Examine of the key sources of limited-recourse debt
  • Appreciate the lender’s approach to risk
  • Understand how key risk factors drive structure and loan pricing
  • Build project models and use them to balance equity against debt
  • Use project models to optimise debt amounts, maturity and re-payment
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COVID-19 Update

This provider offers an online version of their classroom courses

Training content

What is Project Finance?

  • Definition – “Project Finance” and a comparison of the key differences between project finance and corporate finance
  • Origins of project finance
  • Who uses project finance and why?
  • Review of the market – size, industry sectors, geography and trends
  • Defaults and recovery statistics
  • What is the downside? – slow, complex, expensive etc.
  • Core learning themes - sponsor, cash & IMAAA

Sponsors and Lenders / The Lender’s Risk Analysis

  • Different risk/reward objectives of sponsors and lenders – who gets the upside when a project goes well
  • Balancing equity and debt

Qualitative Risk Assessment and Mitigation

  • The Sponsor – competence, creditworthiness & potential conflicts of interest
  • The country and the institutional framework
  • Construction & technology risk - how financiers manage construction risk
  • Offtake – the nature of the offtake contract and the impact of volatility and the impacts on debt structuring
  • The risk position and cashflow security of the offtaker
  • upply and resource availability
  • Operation and maintenance regimes
  • Environmental provisions and the overall regulatory regime
  • Insurance & Force Majeure provisions

Quantitative Risk Assessment and Debt Structuring

  • How the cashflow models are developed and the range of inputs
  • The use of Lenders Advisors in finalising the inputs and the financial model
  • How debt capacity is used as a risk mitigation tool for lenders
  • The measurement tools used by Lenders
  • The repayment schedule
    • Straight line or annuity or a sculpted profile
  • How the cashflow is used to
    • size the debt capacity of the project
    • the repayment profiles
    • the amount of equity required to fully fund the project
  • Sensitivity analysis
  • Choosing/calibrating sensitivities
  • Financing risks
    • Interest, inflation, foreign exchange
  • Funding risks
    • certainty of funding
    • equity & debt

Project Financing Documentation

  • The term-sheet
    • purpose, legal status, binding/non-binding aspects
  • Term-sheet/documentation provisions
    • purpose clause
    • interest/fees
    • repayment/prepayment
    • representations and warranties
    • covenants/undertakings
    • conditions precedent
    • security
    • control accounts/waterfalls
    • events of defa

The Project Finance Process

  • The players and their interests
  • Role of advisers
    • financial advisers
    • technical advisers/consultants
    • legal counsel
  • The financial feasibility study/debt structuring
  • The information memorandum
  • Debt underwriting/syndication
  • Financial close
  • Post-close monitoring

Other Sources of Debt Finance and Risk Mitigation

  • The bond markets
  • Credit enhancement through guarantees
  • Private political risk insurance market
  • Export credit agencies
  • Multilateral agencies/development banks
  • Sponsor co-financing

Sustainable Lending – The Equator Principles

  • Origins and purpose of the equator principles
  • Development and current adherents
  • Purpose and scope
    • best practice in sustainable lending
    • bank obligations
    • project classification under the equator principles
  • Practical application using examples

Power Project Finance

Industry background and the role of the System Operator, matching the supply of electrical energy and the demand


  • Online course fee: £2399 + VAT where applicable
  • London course fee: £2999 + VAT @ 20% = £3598.80

About IFF

International Faculty of Finance - IFF Finance & IFE Energy - Specialist Training Courses

As one of the world's leading specialist financial training organisations, The International Faculty of Finance, provides participants in the global financial markets with intensive technical training programmes designed to help them succeed on the global stage.  Established in 1991 we...

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