Residual Value
Type | Input (Format) | Source | Assumption and Evidence (or Evidence Reference) |
Residual Value | |||
Residual Value NPV | |||
Proportion of RV that bullet debt can be set against | |||
RV as % of Works Capital Cost | |||
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Residual Value: The assets will remain with the contractor after the contract period for the duration of the lease / with the freehold (as appropriate). The residual value of the properties will be
funded by the contractor from its own resources. The residual value will be deducted from the eligible project capital costs. Residual value is expressed as a percentage of the project capital costs, excluding lifecycle costs. The residual value risk will be borne by the contractor.
FINANCING - provide additional detail as appropriate e.g. for 'club deal, tranche funding, contract funding profile, project specific funding detail
Type | Input
| Source | Assumption and Evidence (or Evidence Reference) |
Target IRR, Nominal Blended Equity | 13% | ||
Project IRR, pre-tax | |||
Senior Debt | £63.6m | ||
Term of Debt | 25 years | ||
Subordinated Debt | |||
Subordinated Debt Coupon | |||
Equity | |||
Gearing | |||
LIBOR | |||
Margin Construction | |||
Margin Post Construction | |||
Sterling Swap Rate | |||
Commitment Fee | |||
Arrangement Fee | |||
Agency Fee (annual charge) | |||
Letter of Credit Costs | |||
MLA | |||
Credit Spread | |||
Effective Interest Rate | Assumed Swap Rate | ||
Target Minimum ADSCR | |||
Target Average ADSCR | |||
Target Minimum LLCR | |||
Target Average LLCR | |||
Insurance Risk Premium | |||
DSRA | |||
DSRA Prefunded Amount | |||
DSRA Account Profile (Year N debt repayment and interest) | |||
MRA Profile:-
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Distributions:- | |||
Dividend payout commences after which year of operations? | |||
Dividend Payout Ratio | |||
Finance Debtor Policy:- | |||
Finance Debtor Interest Rate | |||
Other:- | |||
Real Discount Rate for NPVs | |||
Nominal Discount Rate for NPVs | |||