Академический Документы
Профессиональный Документы
Культура Документы
31 January 2017
KEY OBJECTIVE
Technical
Investment Asset
and Advisory
Products Management
Services
Debt to equity to Technical Co-managed
guarantees assistance investments
Syndications Safeguards Co-general
Trade finance Corporate partner
Treasury products governance Concessional
Risk management funding
Debt $10M - $250M+
Typical terms
7 years (corporate) to 15+ years (project)
LIBOR / ADB cost of fund in local currency + credit spread
Flexibility with respect to fixed, floating, amortization
When is it relevant?
Strong project and/or established company with large balance sheet,
strong cash flow
Possibility to mobilize cofinancing under B-loan or risk participation
guarantees
Syndications
Guarantees $20M - $250M (PCG)
Trade finance Typical terms
$400M (PRG)
Treasury products Partial Credit Guarantees: market based, fees are based off the
Risk management lenders margin
Political risk guarantees: market based, fees are based off the
reinsurance market
When is it relevant?
Where other lenders are more efficient than ADB in (i) mobilizing local
currency, (ii) reaching target customers (PCG), or extending tenors
(PCG)
In frontier markets (PRG)
Technical and
Advisory Services
$100K - $1M
Typical terms
For project preparation
TA, reimbursable at
closing Technical Asset
For capacity and Advisory Management
development TA, non- Services
reimbursable grant
When is it relevant? Technical Co-managed
assistance investments
For projects in need of Safeguards Co-general
additional, (concessional) Corporate partner
financial assistance governance Concessional
funding
Asset Management
Co-managed Investments
Typical terms Leading Asias Private Sector Infrastructure Fund
Co-investment portfolio program $1.5 billion commitment from JICA managed by ADB
involving ADB and one or several Dedicated cofinancing vehicle for private sector
investors in debt, equity or infrastructure investments (debt to equity)
guarantees generated by ADB Parallel and concessional tranches
Co-general Partner
Typical terms
ADB participates as a general
partner (exceptionally), limited
Technical Asset
partner and investment committee and Advisory Management
member Services
Concessional Funding Technical Co-managed
Typical terms assistance investments
Long term loan at concessional Safeguards Co-general
interest rate to be blended with Corporate partner
ADB financing governance Concessional
First loss cover funding
Preference for climate-related
support by donors
When is it relevant?
For projects in need of additional,
concessional financial assistance
HOW TO WORK WITH PSOD
Eligible Transactions
Located in ADBs developing member
countries
sound, with a clear business plan
The earlier, the better to approach PSOD
Financing not directly guaranteed by PSOD can
the government provide some help in project preparation and structuring, by,
for example, engaging with the government on the terms of
Clear financing or other need concessions and other project contracts
(safeguard support, risk coverage, suggest financing plan options to fit the transactions needs,
etc.) from ADB selecting from ADBs variety of instruments and helping to
attract financing from other parties
Willing to employ professional
advisors (legal, technical, Essential that the transaction meets ADBs environment and social
environment and social, etc.) standards, so best to involve ADB from the ESIA scoping stage
Review of business plan and Technical, commercial, Investment Committee 21-day circulation to the
financials legal and safeguards due review Board for review
diligence
Internal peer review Presidents review Boards approval
Finalize term sheet
Concept Review
Committees review Formal risk rating
Disclose safeguards
documents
Disclose safeguards
documents
Notes:
(*) Any nonsovereign financing $20 million for debt and $10 million for equity. Other requirements apply (e.g. safeguards categorization).
MANAGEMENT TEAM
Michael Barrow
Director General
Infrastructure Infrastructure Financial Investment Funds & Portfolio Guarantees and Transaction
Agribusiness
Finance 1 Finance 2 Institutions Special Initiatives Management Syndications Unit Support
Projects in Central Projects in East Asia, Non-sovereign public Private equity funds, Agribusiness, food Portfolio mgmt, Co-financing Development
Asia, West Asia and Southeast Asia and and private financial special initiatives security and safety project admin and operations and risk effectiveness, safeguards
South Asia the Pacific institutions and asset mgmt special accounts transfers and integrity matters