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Structured finance: leveraged buyouts project finance, asset finance and securitization (Record no. 2927)

MARC details
000 -LEADER
fixed length control field	05560nam a22002057a 4500
005 - DATE AND TIME OF LATEST TRANSACTION
control field	20220707150725.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field	220707b \|\|\|\|\| \|\|\|\| 00\| 0 eng d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number	9781119371106
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number	658.15224
Item number	LAR
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name	Larreur, Charles-Henri
245 ## - TITLE STATEMENT
Title	Structured finance: leveraged buyouts project finance, asset finance and securitization
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Name of publisher, distributor, etc.	John Wiley & Sons, Inc.
Place of publication, distribution, etc.	New Jersey
Date of publication, distribution, etc.	2021
300 ## - PHYSICAL DESCRIPTION
Extent	xxii, 375 p.
365 ## - TRADE PRICE
Price type code	USD
Price amount	50.00
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc. note	TABLE OF CONTENTS<br/>Preface xix<br/><br/>Introduction 1<br/><br/>A Brief History of Structured Finance 1<br/><br/>Defining Structured Finance 4<br/><br/>Why was Structured Finance Set Up? 6<br/><br/>PART I Leveraged Buyout (LBO) 13<br/><br/>CHAPTER 1 What is an LBO? 15<br/><br/>1.1 The Main Features of an LBO 15<br/><br/>1.2 A Three-step Leverage 17<br/><br/>Case Study 1: The Harley-Davidson LBO (1981-1986) 22<br/><br/>CHAPTER 2 The Different Stakeholders 26<br/><br/>2.1 The Target Company 26<br/><br/>2.2 Buyers 35<br/><br/>2.3 Lenders 40<br/><br/>Case Study 2: Michael Milken and the Birth of the High-Yield Bond Market 47<br/><br/>Case Study 3: Malcolm Glazer and the Manchester United LBO 53<br/><br/>CHAPTER 3 The LBO Process 63<br/><br/>3.1 The Sale Process 63<br/><br/>3.2 Exit Strategies 72<br/><br/>3.3 LBO and Private Equity 77<br/><br/>Case Study 4: Hilton Hotels LBO, the Most Profitable Private Equity Deal Ever 85<br/><br/>Summary LBOs: What Have We Learnt? 92<br/><br/>PART II Project Finance 95<br/><br/>CHAPTER 4 The ABC of Project Finance 97<br/><br/>4.1 Definition 97<br/><br/>4.2 Why Choose a Project Finance Structure 99<br/><br/>4.3 Constraints of the Project Finance Structure 103<br/><br/>4.4 How to Choose between Corporate and Project Financing 103<br/><br/>Case Study 5: The Construction of the Eiffel Tower 105<br/><br/>CHAPTER 5 The Main Parties to Project Financing 110<br/><br/>5.1 Different Types of Projects 110<br/><br/>5.2 Sponsors 117<br/><br/>5.3 Lenders 127<br/><br/>5.4 The Role of Public Authorities 140<br/><br/>Case Study 6: The Near Bankruptcy of Disneyland Paris 142<br/><br/>CHAPTER 6 Project Finance Structuring 149<br/><br/>6.1 Preliminary Analysis of the Project 149<br/><br/>6.2 Project Finance Legal Structure 156<br/><br/>6.3 Financial Structure 166<br/><br/>Summary Project Finance: What Have We Learnt? 173<br/><br/>PART III Asset Finance 175<br/><br/>CHAPTER 7 Definition of Asset Finance 177<br/><br/>7.1 The Scope of Asset Finance 177<br/><br/>7.2 How to Finance Assets 178<br/><br/>Case Study 7: Richard Branson and the Beginnings of Virgin Atlantic 196<br/><br/>CHAPTER 8 The Stakeholders 200<br/><br/>8.1 Clients 200<br/><br/>8.2 Lessors 210<br/><br/>8.3 Lenders 222<br/><br/>Case Study 8: The Rise and Fall of GPA Group, the First Giant Aircraft Leasing Company 230<br/><br/>CHAPTER 9 Behind the Scenes 238<br/><br/>9.1 Inside a Leasing Company 238<br/><br/>9.2 Legal Considerations 243<br/><br/>9.3 The Dynamics of Leasing Markets 250<br/><br/>Summary Asset Finance: What Have We Learnt? 254<br/><br/>PART IV Securitization 255<br/><br/>CHAPTER 10 The Securitization Process 257<br/><br/>10.1 Transforming Illiquid Assets into Liquid Securities 257<br/><br/>10.2 Tranching of Securities 258<br/><br/>Case Study 9: The Securitization of David Bowie's Intellectual Property Rights 264<br/><br/>Case Study 10: What is a Covered Bond? 267<br/><br/>CHAPTER 11 The Different Stakeholders 272<br/><br/>11.1 Borrowers 272<br/><br/>11.2 The Originator 274<br/><br/>11.3 Around the SPV: The Transaction's Life 276<br/><br/>11.4 The Investors 280<br/><br/>Case Study 11: The Subprime Crisis 285<br/><br/>Case Study 12: Michael Burry's Big Short 294<br/><br/>CHAPTER 12 Structuring a Securitization 299<br/><br/>12.1 Composition of the Collateral 299<br/><br/>12.2 Managed Transactions 302<br/><br/>12.3 Additional Structuring Considerations 311<br/><br/>Case Study 13: Whole Business Securitization 324<br/><br/>Summary Securitization: What Have We Learnt? 327<br/><br/>Conclusion 329<br/><br/>Structured Finance: What Have We Learnt? 329<br/><br/>A Comparison of Various Types of Structured Finance 330<br/><br/>What is the Future for Structured Finance? 332<br/><br/>Appendix A How Banks Set Interest Rates 336<br/><br/>Appendix B Syndication and Club Deals 341<br/><br/>Appendix C Credit Derivatives 347<br/><br/>Bibliography 350<br/><br/>Acknowledgments 354<br/><br/>Index 357
520 ## - SUMMARY, ETC.
Summary, etc.	DESCRIPTION<br/>Comprehensive coverage of all major structured finance transactions<br/><br/>Structured Finance is a comprehensive introduction to non-recourse financing techniques and asset-based lending. It provides a detailed overview of leveraged buyouts, project finance, asset finance and securitisation.<br/><br/>Through thirteen case studies and more than 500 examples of companies, the book offers an in-depth analysis of the topic. It also provides a historical perspective of these structures, revealing how and why they were initially created. Instruments within each type of transaction are examined in detail, including Credit Default Swaps and Credit Linked Notes. A presentation of the Basel Accords offers the necessary background to understand the regulatory context in which these financings operate.<br/><br/>With this book, readers will be able to:<br/><br/>Delve into the main structured finance techniques to understand their components, mechanisms and how they compare<br/>Understand how structured finance came to be, and why it continues to be successful in the modern markets<br/>Learn the characteristics of financial instruments found in various structured transactions<br/>Explore the global context of structured finance, including the regulatory framework under which it operates<br/>Structured Finance provides foundational knowledge and global perspective to facilitate a comprehensive understanding of this critical aspect of modern finance. It is a must-read for undergraduate and MBA students and finance professionals alike.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element	Asset-backed financing
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element	Leveraged buyouts
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme	Dewey Decimal Classification
Koha item type	Book

Holdings
Withdrawn status	Lost status	Source of classification or shelving scheme	Damaged status	Not for loan	Collection code	Bill No	Bill Date	Home library	Current library	Shelving location	Date acquired	Source of acquisition	Cost, normal purchase price	Total Checkouts	Full call number	Accession Number	Date last seen	Copy number	Cost, replacement price	Price effective from	Koha item type
		Dewey Decimal Classification			Finance & Accounting	TB675	10-06-2022	Indian Institute of Management LRC	Indian Institute of Management LRC	General Stacks	07/07/2022	Technical Bureau India Pvt. Ltd.	2630.00		658.15224 LAR	002696	07/07/2022	1	4000.00	07/07/2022	Book