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PROJECT & STRUCTURES FINANCE |
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Why Clients Should Choose Us? |
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A demonstrated ability and successful track record of advising domestic and foreign investors and
government agencies in the power sector, locally and internationally. |
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Thorough understanding of the domestic power sector environment and policy framework and departures
from the same, as they are currently happening. |
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High level contacts with Government and regulatory authorities which ensures adherence to project
timelines. |
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Strong financial modeling expertise. |
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A recognized core competency in identifying, analyzing and allocating risks to ensure smooth project closure. |
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Close and long-standing relationships with all major technical, legal, tax and accounting consultants in
Pakistan (and off-shore) generally, and with respect to the domestic energy sector in particular. |
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Excellent contacts within all principal Export Credit Agencies and equipment suppliers, contractors and
operators for the power sector. |
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A proven ability to arrange funding for big ticket project finance transactions, as evidenced by our
arrangement credentials presented in this submission. |
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Project Finance |
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Definition |
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A method of funding whereby a Company obtains separate financing for specific assets by giving creditors
a claim on the revenues generated by those assets. The created entity's only asset is the ‘Project’. |
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Features |
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Assets have a high degree of ‘specificity’ |
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Clear source of cash flows with high degree of certainty |
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Transparency of information |
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Claimants don’t want commingling with other assets and ‘projects’ |
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Often, guarantees of government or of partners/customers |
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Successful project financings exhibit the following characteristics: |
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Stakeholders are committed and of high quality; |
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Risks and rewards are clearly identified; and |
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The contractual framework transparently and equitably assigns risks and rewards amongst stakeholders. |
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Structured Finance |
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A non-traditional lending method tailored to specific client needs. |
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Usually cashflow based rather than asset reliant. |
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Allows borrowing against the value of a specific asset, project or income stream rather than on the basis
of the borrower’s own credit rating. |
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In general a structured finance solution seeks to isolate the risk of the loan facility from the overall
risks of the borrower’s business. |
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Scenarios best suited to structured finance solutions are: |
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Companies with capitalisation issues, i.e. who cant borrow any further on the strength of their
existing balance sheets. |
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Service entities with little or no tangible assets of worth, e.g. technology and telecom. |
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Where the financing risks are too large for the borrower and/or lenders to cope with, e.g. cross-border |
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Generic Project Finance Structure |
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UBL – The Preferred Project Finance Partner |
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Special focus on the Project Finance with a solid portfolio of Project Finance executed deals and mandates. |
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Advised/financed a broad range of Project Finance transactions including LPG container terminal,
refineries, oil pipelines, power generation and distribution amongst others. |
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Serves Project Finance client needs through a wide array of products ranging from Project & Structured Finance to cash management, bonds and plain vanilla debt. |
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Project Finance transaction successfully completed during 2005 amounted to PKR 6,550 million |
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Deal Team |
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