1.5 Minimum Data Collection Requirements
The minimum information required from data contributors falls into three categories:
Company name, description, and events
Financial structure over time, including the details of individual instruments and any forecast of debt and equity cash flows
Historical financials (audited financial accounts)
Company name, description, and events
Please provide company names and add a detailed description of the project. The following items should be included:
Official company name and incorporation date
Project name and location
Greenfield or brownfield flag
Project capacity
Business model (regulated, contracted, or merchant)
Start date of investment
Start date of construction
Start date of operations
Investment end date
Any event affecting the company should also be described including:
Technical or hard default event
Refinancing event (debt refinancing)
Costs overruns
Change in regulation that affects the company (change of tariffs, contracts, etc.)
Equity sales (this includes any equity stake sale with the corresponding % sold and the selling price and/or the price paid for a brownfield project acquisition)
Any other relevant event that affects the project either at construction phase or during operations
Financial structure of the company and cash flow forecast for debt and equity holders
Please provide this information in a spreadsheet based on the tables reported below (you may use our standard spreadsheet) or provide us with the full financial model.
If you prefer to contribute the full financial model, this should include all the items mentioned in the tables below, and it will normally include a complete forecast of the balance sheet, profit and loss (P&L) statement, and cash-flow model. The model must have been audited by a third party, either a valuer or an arranging bank.
Currency and units must be specified for all the values reported. Reporting frequency of balance sheet, P&L, and cash-flow items could be either annual, semiannual, or quarterly.
Audited Financials Accounts of the Relevant Company
This is especially important for projects in countries with no publicly available financial accounts, such as Canada, the US, Korea, or Japan.
If a full copy of the audited financial accounts cannot be provided, a document containing complete historical financial information could be provided instead. However, it must have been audited by a third-party valuer or auditor and should include a complete balance sheet, P&L statement, and, if possible, a cash-flow statement.
For each debt instrument and shareholder loan reported throughout the project’s life, the following details should be provided.
Table: Required capital structure information |
Initial Investment Amount |
Equity Invested (amount and %) |
Project Ownership (%) |
Debt (amount and %) |
Table: Required dept instrument information |
Debt Instrument Details and Shareholders Loans |
Instrument Type (Bond or Term Loan or Revolver or Bridge Facility, Etc.) |
Seniority (Senior or Junior or Mezzanine or Shareholders loan) |
Issue Date / Financial Close Date |
Currency |
Amortisation Profile |
Base Rate of Interest |
Credit Spread |
Effective Interest Rate |
Maturity Date |
Repayment Frequency |
Face Value |
Facility Limit |
ISIN (If Applicable) |
Debt Covenants |
Note: Face value must be provided annually for every instrument type. This can be reported in a table showing the evolution of the instrument’s face value throughout its life. |
Table: Required cash flow forecast information | ||
Equity and Debt Cash Flow Forecasts | Equity CF Forecast | Debt CF Forecast |
First Date of Forecast Period | Equity Drawdowns | Debt Drawdowns |
Number of Periods Forecast | Dividends | Capital Repayments |
Cashflow Reporting Frequency | Final Liquidation Value | Interest Payments |
Shareholder Loans Drawdowns | Debt Service Cover Ratio | |
Principal Repayments | ||
Interest Repayments | ||
Note: Equity and debt holders' cash flows must be reported annually, semiannually, or quarterly. As in any financial model, these items can be described in a table showing the cash flows over time. |