Case Solution & Analysis for The Pipeline Company: Financing for China’s MNGPP by Xiuqin Wang, Ming Jian.
Complete Case details are given below :
Case Name : The Pipeline Company: Financing for China’s MNGPP
Authors : Xiuqin Wang, Ming Jian
Source : Ivey Publishing
Case ID : 9B16N019 / W16449
Discipline : Finance
Case Length : 09 pages
Plagiarism : NO (100% Original work)
Description for case is given below :
In 2008, the Multinational Natural Gas Pipeline Project was sponsored by China National Group Corporation to undertake a major international infrastructure project in Asia. The Pipeline Company, a wholly owned subsidiary of China National Group Corporation, established joint ventures with the host countries and took the lead in financing the project, which was required to be completed by the end of 2009. Initial investments and procurements were made, and payment would soon be due. However, there was a large gap between the estimated total investment and the funds available. Numerous banks expressed interest in the pipeline project, but most required the sponsor to provide a guarantee for the project’s loan. Some banks also asked for an increase in the capital ratio from less than 1 per cent to 20 per cent. The treasurer responsible for the financing of the project was now tasked with the issue of arranging the most effective way to finance the project.
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