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A Loan Or A Real Options: When My Base Case Is Your Worst Case
Credit: the base case is structured so that both sides win. All they have to do is fulfill their promises to one other. Real options: there is only one winner, by design.
A worst scenario isb base case
Key terms
Project company
Project build
Loan agreement
Real options
Funfair games
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Project financing
Cross border financing
Private credit
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Payoff structures
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