FB415 – Project and Business Financing
Master of Science in Financial Services
Elective Course
FB415 – Project and Business Financing
Course Unit Code: FB415
Type Of Unit: Elective
Level of Course Unit: Second cycle
Year of Study: First / second year
Semester: On demand
Number of ECTS Credits: 6
Class Contact Hours: 28
Mode of Delivery
Face to Face
Prerequisites
Corporate Finance, Principles of Finance, Financial Accounting.
Course Objectives
The objective of this course is to help students understand the rationale for project and business finance and examine project risk analysis and credit risk assessment, project risk profiles and financing solutions and risk mitigation strategies. The course will also discuss various issues related to cash-flow modelling concepts and risk analysis for Project Finance. Finally, the course will look at how we can incorporate flexibility in projects, by using option pricing theory and decision trees.
Learning Outcomes
- Know the principles of project financing.
- Determine the key components of the risk and the profitability of projects.
- Calculate and understand key financial metrics for a project.
- Present a financing recommendation to a board.
- Incorporate flexibility in project analysis using option pricing theory and decision trees.
Course Content
1. What is Project Financing?
2. Financial Modelling in Project Finance
3. International Cost of Capital
4. Risks in Project Finance
5. Project Competitiveness
6. Arrangement of Financing
7. Public Private Partnerships
8. Valuing Flexibility
Course Features
Planned learning activities and teaching methods
In-class lectures, in-class assignments, and case studies
Assessment methods and criteria
100% Group assignment
Language of Instruction
English
Work Placement(s)
Not applicable
Readings
Comprehensive set of lecture notes will be provided in class.
Recommended textbook
“Project Financing and Asset-BasedFinancial Engineering”, John D. Finnerty Wiley Finance.
English (UK) 
Ελληνικά