Review
"This book provides a comprehensive treatment of project finance accessible to those less familiar with the subject matter yet detailed enough to serve as a valuable reference for the experienced manager. The book covers a wide array of topics from legal issues to valuation methods, and even hedging financial risk with financial derivatives. Given the increasing importance of project finance in Asia and the Pacific Rim, Principles of Project Finance, will be an invaluable reference for academics and managers alike in this region."
--Nobuya Takezawa, International Christian University, Tokyo, Japan
"This is an authoritative work written by a distinguished practitioner. I have no doubt it will quickly become a key text for those in both public or private sectors whose work involves Project Finance."
--Michael Gerrard, Head of Public Private Partnerships, Partnerships UK plc
From the Back Cover
"This book provides a comprehensive treatment of project finance accessible to those less familiar with the subject matter, yet detailed enough to serve as a valuable reference for the experienced manager. The book covers a wide array of topics, from legal issues to valuation methods, and even hedging financial risk with financial derivatives. Given the increasing importance of project finance in Asia and the Pacific Rim, Principles of Project Finance will be an invaluable reference for academics and managers alike in this region."
--Professor Nobuya Takezawa, International Christian University, Japan
This is an authoritative work written by a distinguished practitioner. I have no doubt it will quickly become a key text for those in both public or private sectors whose work involves Project Finance."
--Michael Gerrard, Head of Public Private Partnerships, Partnerships Uk plc
E. R. Yescombe's practical guide to project finance offers a systematic approach to this relatively new discipline, which is now used throughout the world in energy, infrastructure, natural resources, and other projects. Because project finance dictates every aspect of a project's development and contractual arrangements, all participants need to understand how this type of financing works and how the financial structure affects their roles. This examination of financial engineering tools therefore follows the typical project development process to demonstrate the principles which underlie the structuring of long-term debt finance for major projects. The book is intended both as an introduction to project finance and a general working handbook for those involved in any aspect of a project.
Key Features:
-A comprehensive and authoritative guide to the theory and practice of project finance.
-An international scope, covering projects in both the developed and developing worlds.
-The book describes and explains:
-Sources of project finance.
-Typical commercial contracts (such as those for construction of the project and sale of its product or services) and their impact on the project finance structure.
-Project finance risk assessment from the points of view of lenders, investors, and other project parties.
-Structuring the project finance debt.
-The key issues in negotiating a project finance debt facility.
-Extensive glossary and cross-referencing.
-No prior knowledge of project finance or financing techniques is assumed.
I am a power developer for a generation company in the Philippines. I got into my present job not fully understanding what project finance entailed, which is why I bought this book. The principles and fundamentals found in the book are so good, I recommended it to my colleagues as part of the training regimen for new analysts. I call Yescombe's book "the job" as it pretty much encapsulates what project finance analysts must know about development work, deal structures, financial modeling, and most importantly, contract and risk management. Highly recommended for all those starting out or considering a career in project finance.
This is an excellent reference book, very well structured, and related subjects are linked to each other along the text. The almost absence of numbers and modeling is not an issue, because the main proposal is to have all structuring elements and fundamentals explained, the ones that cannot be neglected in a serious modeling later. I do recommend.
This text gives a useful overview of how project finance works, especially in the context of P3 projects. Sometimes a bit dry, but generally readable.
Product Details :
- Hardcover: 344 pages
- Publisher: Academic Press; 1 edition (June 20, 2002)
- Language: English
- ISBN-10: 0127708510
- ISBN-13: 978-0127708515
- Product Dimensions: 0.9 x 6.1 x 9.3 inches
More Details about Principles of Project Finance, 1st Edition
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