Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223537
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dc.titlePROJECT FINANCE SECURITIZATION IN SINGAPORE
dc.contributor.authorCHAN KAH HON
dc.date.accessioned2021-01-05T03:56:09Z
dc.date.accessioned2022-04-22T20:35:57Z
dc.date.available2021-01-11
dc.date.available2022-04-22T20:35:57Z
dc.date.issued2021-01-05
dc.identifier.citationCHAN KAH HON (2021-01-05). PROJECT FINANCE SECURITIZATION IN SINGAPORE. ScholarBank@NUS Repository.
dc.identifier.urihttps://scholarbank.nus.edu.sg/handle/10635/223537
dc.description.abstractAsia currently faces a shortfall of infrastructure critical to enabling their continued economic growth, which will only worsen in the coming decades. Therefore, the involvement of private capital will play a pivotal role in meeting the financing needs for infrastructure in Asia. One potential solution is project finance securitization, which is the process of structuring project finance loans into securities that can then be sold on the global capital markets. However, though promising, project finance securitization has remained a niche field globally, with most transactions ever issued coming from developed markets. Therefore, when a government-backed firm in Singapore was able to successfully issue Asia’s first ever project finance securitization in 2018, this was a landmark deal for the field. Hence this paper aimed to research and study project finance securitization in Singapore to understand the potential risks that affected the successful 2018 transaction and investigate mitigation strategies that were effective, for potential adoption in future transactions. Based on a review of existing literature, a case study of the 2018 transaction was carried out, which included a set of interviews with finance industry practitioners who were involved with the 2018 transaction. The case study proposed a list of motivations, risks, and mitigation strategies relevant to project finance securitization in Singapore. The effectiveness of the mitigation strategies was then further tested by assessing the pricing of the 2018 transaction through an empirical spread determinants model. From the results, it was proven that the mitigation strategies uncovered by the case study were effective. Therefore, future project finance securitizations should take note of these strategies since they can help ensure a successful transaction and help further meet infrastructure financing needs in Asia.
dc.language.isoen
dc.sourcehttps://lib.sde.nus.edu.sg/dspace/handle/sde/4921
dc.subjectInfrastructure
dc.subjectProject Finance
dc.subjectProject Finance Securitization
dc.subjectDegree of B.Sc. (Project and Facilities Management)
dc.subjectProject and Facilities Management
dc.subject2020/2021 PFM
dc.subjectPFM
dc.subjectBuilding
dc.subjectTan Chee Keong Willie
dc.typeDissertation
dc.contributor.departmentBUILDING
dc.contributor.supervisorTAN CHEE KEONG WILLIE
dc.description.degreeBachelor's
dc.description.degreeconferredBACHELOR OF SCIENCE (PROJECT AND FACILITIES MANAGEMENT)
dc.embargo.terms2021-01-11
Appears in Collections:Bachelor's Theses

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