项目融资第二讲(新).教程分析.pptx

Project Finance Presented by: Yin Zhijun; Question 1; Question 2;When the lenders are asked for funding the project with Project Finance, the primary consideration is ( ). A. soundness of the sponsors B. creditworthiness of the sponsors C. the value of assets sponsors are willing to make available to them as collateral D. the project’s ability to generate cash flow;In a project finance deal, the debtor is sponsoring firm. Lenders have only limited recourse to the sponsors during the construction. The priority use of cash flow is to fund operating costs and to service the debt, only residual funds after the latter are covered can be used to pay dividends to sponsors. Collateral is given by the lenders to sponsors as security for receipts and assets tied up in managing the project.;Keywords Alternative : a thing that you can choose to do or have out of two or more possibilities Balance sheet: 资产负债表;Do the following statements agree with the information given in section 1.2, write T (if the statement agrees with the information) or F (if the statement contradicts the information);Loan arranger: the arranger banks who are responsible for contacting the widest possible number of banks interested in participating in the deal and must then be the coordinator representing all lenders Debt to equity ratio: D/E is a financial ratio indicating the relative proportion of shareholders equity and debt used to finance a companys assets Leverage: the act of using a lever to open or lift sth; the force used to do this 杠杆作用；杠杆效力;Municipality 英?[mju:?n?s??p?l?ti] ?美?[mju?n?s??p?l?ti]?n.?自治市;?市政当局; 复数:?municipalities Municipalize 英?[mju:n?s?p?la?z]? ?美?[mju:n?s?p?l?a?z]?vt.?实行自治，把…市辖，划归市有; IGCC: integrated gasification combined cycle,整体煤气化联合循环发电;Historically, project finance was first used in the oil extraction and toll road sectors. The public sector plays an important role in some project finance deals. If projects concerns public works, success depends entirely on the projec