Inbound Opportunity — Live Desk Analysis
Paste the approach email and attach the IM / deck. The engine reads the documents, verifies the sponsor and claims on the live web, identifies candidate investment-grade lessees or guarantors, tests the opportunity against the MGPS investment criteria, and proposes compliant structure scenarios built on the absolute at-call payment guarantee.
What the engine tests
✓The core question: are the lease payments assured for the full term by an investment-grade payer — the lessee itself, or guarantor(s) rated ≥ BBB− (S&P) / Baa3 (Moody's)? S&P or Moody's only.
✓Guarantee doctrine: unconditional, irrevocable, at-call payment guarantee — guarantor is primary obligor; lessee gives ≥ 2 business days' notice of any shortfall; guarantor pays so cleared funds are held by the Lessor by 11:00 London on the Payment Date — covered before it is ever missed; no set-off or dispute; English law; assignable. Multi-guarantor several-liability variant accepted, pro-rata to offtake.
✓Sponsor verification: live web checks on the sponsor, principals, approvals, timeline slippage and adverse news, with sources cited.
✓Criteria test: ≥ 100m minimum, 15–40 yr NNN, bonded fixed-price turnkey EPC for construction, full-term synchronicity of feedstock / O&M / offtake, ≥ A+ insurance wrap for non-IG legs, jurisdiction de-risking.
✓Structure scenarios: compliant configurations (IG lessee direct; single at-call guarantor; several guarantors pro-rata to offtake; term-matched IG revenue floor + wrap) with conditions precedent.
✓Information request list to send back to the introducer.
Typical run: 1–3 minutes and up to 8 live web searches. It runs as a background job — the result builds below and you can leave the page open; progress and elapsed time show under the button. Requires the app deployed on Netlify with the analysis function configured — see README-DEPLOY.
Project Particulars
Counterparties & Contracts
Capital & Term
Leave blank to use the grid rate. Enter e.g. 7.6 to override.
Uses of Funds (millions)
Financing fee and sunk costs are capitalised into the total funding. Sunk costs are reimbursed to the Sponsor at first settlement. The financing fee requires Monaco pre-approval (Paul Brook).
Operations & Analytics
Revenue/opex optional — leave 0 for a pure lease schedule with no profit share.
Quick Lease Payment Schedule
Sunk costs — pre-financing costs the Sponsor has already incurred, or is estimated to incur, up to first financial settlement (environmental/planning permits, preliminary works, engineering). They are built into the total funding and reimbursed to the Sponsor at first settlement, so the Sponsor has no out-of-pocket exposure. Financing fee is capitalised into the total funding amount and requires pre-approval from Monaco (Paul Brook). Uses grid coupon, first coupon capitalised, no PanEuro fee. For full control use the Financial Model tab.
MGPS Breakeven Yield Grid
Active grid:
The grid drives every coupon lookup — Screening, Financial Model, Lease Schedule and the Excel exports. Upload each new breakeven yields table as it is issued: the app reads the standard layout (years down the side, currency columns across the top, e.g. Breakeven Yields March 2026.xlsx) from .xlsx, .xls or .csv. Rates may be given as 7.6, 7,60 % or 0.076. The saved grid persists in this browser between sessions.
The grid drives every coupon lookup — Screening, Financial Model, Lease Schedule and the Excel exports. Upload each new breakeven yields table as it is issued: the app reads the standard layout (years down the side, currency columns across the top, e.g. Breakeven Yields March 2026.xlsx) from .xlsx, .xls or .csv. Rates may be given as 7.6, 7,60 % or 0.076. The saved grid persists in this browser between sessions.
Add a term row
New or deleted rows take effect after “Save manual edits”. Term dropdowns across the app repopulate automatically from the active grid.
How to use this tool
Internal working tool for PanEuro / MGPS. Not an offer, commitment, advice or financial promotion; access is restricted to investment professionals and eligible counterparties. All outputs are subject to Monaco (MGPS) due diligence, board and funding-partner approvals.
The modules
- 1 · Desk Analysis — paste an inbound approach email and attach the IM / deck (PDF, up to 4). The engine reads the documents, verifies the sponsor and its claims on the live web, identifies candidate investment-grade lessees / guarantors with current S&P / Moody's ratings, tests the opportunity against the MGPS criteria, and proposes compliant structure scenarios. Enter the access passcode and click Run — it takes 1–3 minutes and builds on the page, so you can leave it open.
- 2 · Screening — a quick manual checklist: enter size, currency, term, counterparty rating and contract status for a Pass / Conditional / Fail read against the criteria, with indicative pricing.
- 3 · Financial Model — full Uses of Funds, lease schedule with principal / interest split and lessee equity accrual to 50%, income and 50/50 profit share, sensitivity, and a bank-debt comparison. Exports to Excel.
- 4 · Lease Schedule — the quick, client-ready lease payment schedule. Exports to Excel.
- 5 · Yield Grid — the MGPS breakeven yield table that prices every schedule. Upload each new grid as it is issued (xlsx / csv), or edit by hand.
FAQ
What is the single most important test?
Whether the lease payments are assured for the full term by an investment-grade payer — the lessee itself, or a guarantor — rated at least BBB− (S&P) or Baa3 (Moody's). S&P or Moody's only; Fitch-only or unrated does not qualify.
What form does the guarantee take?
An unconditional, irrevocable, at-call payment guarantee: the guarantor is primary obligor; the lessee gives at least 2 business days' notice of any shortfall; the guarantor pays so cleared funds reach the Lessor by 11:00 London on the payment date — every payment is covered before it can be missed. No set-off or dispute; English law; assignable. A several-liability version with multiple guarantors pro-rata to offtake is also accepted.
What are the minimums?
Minimum ~100 million (USD / EUR / GBP / AUD equivalent); term 15–40 years; triple-net lease; for construction, a fixed-price, date-certain, fully bonded turnkey EPC with performance guarantees and completion bonds.
What are sunk costs, and are they funded?
Pre-financing costs the Sponsor has already incurred, or is estimated to incur, up to first financial settlement (environmental / planning permits, preliminary works, engineering). They are built into the total funding and reimbursed to the Sponsor at first settlement, so the Sponsor has no out-of-pocket exposure.
How does the Desk Analysis decide?
It does not decline for missing information. Where the picture is incomplete, it returns the specific list of what is required to complete the analysis. The only automatic decline is where there is genuinely no possible investment-grade counterparty — no IG lessee and no plausible IG guarantor — anywhere in the structure.
How much does a Desk Analysis cost to run?
A small amount of API credit per run — of the order of tens of cents (model tokens plus about a cent per live web search). A monthly spend cap is set on the account.
Is my uploaded material stored?
Documents are sent for analysis and are not retained by the tool. Treat commercial-in-confidence material accordingly.
Who do I contact?
Paul Brook, CEO, PanEuro Special Situations Ltd.