February 12, 2024 - February 22, 2024
Schedule via Zoom:
February 12, 14, 15, 19, 21 & 22, 2024
Mondays, Wednesdays, & Thursdays
5:30 – 9:00 pm
Early Eagle Rate:
January 29, 2024
Project finance has increasingly emerged as a preferred alternative to conventional methods of financing large-scale, capital-intensive projects, from renewable energy projects, toll roads, airports, and many others. Under PPPs, project finance has been used for many infrastructure projects.
Project finance covers a host of issues that can be quite intricate and formidable; misunderstood and misapplied, these can result in project viability erosion and/or hefty cost overruns.
This substantive module attempts to untangle the intricacies of project finance and walks the participants through the entire process in a user friendly manner, from a comprehensive exploration of facts, figures and potential faux pas to the preparation of a financial package, assessment of risks, design of financing mix, and challenges in raising financing. The module likewise discusses typical underlying security support and legal documentation in project finance transactions.
Who should attend
This module is highly recommended for investment bankers, business professionals and other finance practitioners involved, one way or another, in structuring the most cost-effective means of financing their large-scale, capital intensive projects. Those familiar with or have adequate working knowledge of investment banking, financial modeling, and basic business mathematics and statistics will find this module most meaningful and beneficial.
Successful completion of this module enables the participants to:
- Gain a comprehensive understanding of project finance, its intricacies and benefits, as well as the challenges project proponents routinely face;
- Assess the viability and bankability of large-scale, capital-intensive projects;
- Identify and evaluate the potential risks associated with proposed projects;
- Appreciate the use of financial models and test the reasonableness of the assumptions used therein;
- Structure appropriate financing schemes for selected projects, including features intended to mitigate perceived risks;
- Identify sources of special financing programs offered by funding institutions that can be tapped as part of the financing package; and
- Understand the underlying security support and legal documentation typical for proposed project finance transactions.
The module, which employs lectures, interactive discussions, case studies and practical application exercises, covers the following areas:
- Project finance: definitions, rationale, intricacies, benefits and challenges
- Project finance vs. Corporate finance
- Analysis and evaluation of project viability and bankability
- Determining a project's borrowing capacity
- Risk assessment and mitigation
- Credit requirements of lenders
- Legal structure and security arrangements
- Design and development of suitable financing arrangement
Mr. Abener M. Balatbat held the position of First Vice President under the Corporate Banking Group of Rizal Commercial Banking Corporation. As a Relationship Manager for several years, he managed accounts ranging from conglomerates and commercial accounts to medium and small enterprises. The big-ticket accounts he handled include the Ayala Group, PLDT Group, Lopez Group, and Metrobank Group. He also functioned as Head of Ortigas Lending Center in RCBC’s Small and Medium Enterprise Division.
He is seasoned in the various aspects of account management from new client acquisition, loan structuring, and relationship deepening to remedial management. He has acquired a good understanding of companies involved in various industries, such as manufacturing, retailing, lending, logistics, real estate, and power generation.
He is adept in account handling as a result of conducting due diligence, performing financial analysis, and applying risk management in effectively overseeing the quality, profitability, and growth of his loan portfolio. He is highly experienced in arranging credit facilities from packaging revolving credit lines and term loans to structuring loan syndications and project finance.
He completed, among others, the Leadership Development Program course by John Clements Consultant, Inc. being offered to RCBC’s senior officers.
Prior to his employment with RCBC, he had the opportunity of working in several other major banks, namely, the Philippine National Bank, Union Bank, China Banking Corporation, and the Saudi British Bank (HSBC, Riyadh).
Mr. Balatbat graduated from the University of the Philippines (Diliman) with a Bachelor of Arts degree in Economics. He finished his MBA from the Ateneo de Manila University. He is a candidate for a Doctorate of Business Administration course from De La Salle University.