Project Finance

Catalog description

This course focuses broadly on project finance, which is lending that relies exclusively or mainly on the cash flows generated by the project to repay loans and earn a return on investment. Such financing is called 'non-recourse' or 'limited recourse' financing and is done via large syndicates of banks and (or) large institutions like the European Investment Bank or the World Bank. Project finance can be contrasted with corporate lending that focuses more on the balance sheet of the borrower. While corporate finance principles are important, one of the key distinctions we discuss is the profound difference between Corporate Finance and Project Finance as disciples and in practice. This course is for Daytime MBA and Accelerated Daytime MBA students.