Agenda

The America-China Divide: Covid-19, the trade war, and prospects for the future

• Why "Unrestricted Warfare" is just getting started
• Possible impact on trade and investment flows
• The new normal in Sino-US relations

Speakers

• Daniel Wagner, Chief Executive Officer, Country Risk Solutions

How COVID-19 Is Impacting Commodity Prices and Precious Metals

• How has the virus has impacted commodities associated with transportation specifically, like oil?
• What does a ‘re-emergence’ of coronavirus mean for gold prices ? Will investors turn to gold as a safe-haven asset?
• How are ETFs performing in relation to rising investor appetite for the yellow metal?

Speakers

• Frank Holmes, Chief Executive Officer and Chief Investment Officer, US Global Investors

Asia out of COVID: How are Asian economies positioned amidst a global downturn?

• What have Asian policy-makers learned from previous crises that positions Asia for a quicker recovery?
• How are Asia’s governments and government entities managing their finances to support their economies now and post-COVID?
• As supply chains pick-up which countries and sectors are the winners and who are the losers?

Moderator

• Johanna Chua, Managing Director, Head of Asia Pacific Economic and Market Analysis, Citi

Speakers

• Ronie Ganguly, Portfolio Manager, Asia, Blackrock

• Benjamin Quinlan, Chief Executive Officer and Managing Partner, Quinlan & Associates

• Mitul Kotecha, Senior Emerging Markets Strategist, TD Securities

Trading in and out of Asia: Where do investors see value in the markets?

• A much-changed economic landscape: Are Asia’s credit trading as one would expect?
• Credit risk vs. ratings: What is driving the price of Asia’s bonds?
• Pricing China: Why did China’s bonds tighten at the height of the crisis in Wuhan? What metrics should be used to decide China’s weighting within indices?
• What impact does QE across the region have on Asian bond markets? How will disparate monetary policies impact bond markets?
• Sri Lanka is pricing at distress debt levels: Why?

Moderator

• Dhiraj Bajaj, Fund Manager & Head of Fixed Income Asia, Lombard Odier IM

Speakers

• Gareth Nicholson, Head of Fixed Income,, Bank of Singapore

• Prashant Singh, Senior Portfolio Manager, Emerging Markets Debt, Neuberger Berman

• Raymond Chia, Head of Credit Research Asia – ex Japan, Schroders

How to build back better: Incorporating strong ESG credentials while making tough cost and investment decisions post COVID-19

• How much extra cost is involved when factoring-in ESG to commercial and financial decisions in the COVID-19 aftermath
• Short term costs vs. medium and long term benefits: What are they? How can they be quantified?
• Assessing performance of companies and credits with strong ESG credentials through times of volatility

Speakers

• Esther An, Chief Sustainability Officer, City Developments Limited

• Virginie Maisonneuve, Founding Partner & CEO, MGA Consulting

• Hardik Shah, ESG Practice Lead, GMO

• Leong See Meng, Senior Vice President, Strategy & Business, Cagamas

• Sadiq Currimbhoy, Head of Sustainability & Regional Head of Macro Research, Maybank Islamic

Demystifying the Belt Road Initiative and China in a post COVID world

• What role does the Chinese economy play on the global stage in a post COVID world? Recovery, geopolitics and emerging markets
• Demystifying the Belt Road Initiative: a series of Q&A from the audience

Moderator

• Jinny Yan, Chief Economist, ICBC Standard Bank

Speakers

• Henry Tillman, CEO & Founder, Grisons Peak

Market technicals vs. economic fundamentals: Are COVID-19 and oil price pressure properly reflected in GCC bond/sukuk spreads?

• Looking under the hood at GCC money markets: Are discrepancies in LIBOR, EIBOR and SAIBOR (and access to dollar liquidity) properly reflected in pricing and spreads?
• Credit credentials vs. investor demand: Why are conventional bonds trading so much wider than sukuk? Why is DAMAC trading at distressed levels?
• Investor note to borrowers about access to primary markets: Who can price, and at what levels?
• Oil price: What is the impact on GCC bonds

Moderator

• Farouk Soussa, MENA Economist, Goldman Sachs

Speakers

• Mohieddine Kronfol, Chief Investment Officer, Global Sukuk and MENA Fixed Income, Franklin Templeton Investments

• Abdul Kadir Hussain, Head of Fixed Income Asset Management, Arqaam Capital

• Andrea Vigo, Corporate Treasurer, EQUATE Petrochemical Company

• Jan Friederich, Head of Middle East and Africa Sovereign Ratings, Fitch Ratings

How is Uzbekistan responding to market turbulence to continue attracting investment?

• What is the macroeconomic picture of the company?
• How is the Ministry of Finance managing its debt? What are its plans for the next year?
• What is the plan for banking and SOE reform/privatisation? To what extent does COVID-19 disrupt these plans?

Speakers

• Odilbek Isakov, Deputy Finance Minister, Ministry of Finance, Republic of Uzbekistan

Managing oil and gas in an age of uncertainty

• Volatile oil prices and declining demand: What can oil and gas companies do to minimize disruption to their businesses as the world transitions to cleaner energy?
• What is the likelihood of investments in oil and gas projects becoming stranded assets?

Moderator

• Alex Johnson, Chief Executive Officer, GFC Media Group

Speakers

• Mark Cutis, Chief Finance & Investment Advisor, Abu Dhabi National Oil Company (ADNOC)

• Rene Aninao, Managing Partner, Corbu

Russia: How is the government managing financing needs through COVID-19

What impact has COVID-19 had on government debt policy?

Financing strategies and approach to capital markets in 2020

Forecasts for 2021 and beyond

Speakers

• Konstantin Vyshkovskiy, Director, Department of Public Debt and Sovereign Financial Assets, Ministry of Finance, Russian Federation

GCC cost of funding vs. price of lending: How are loan bankers structuring and pricing deals?

• Price discovery, benchmarks and LIBOR transition: How are banks pricing loans today?
• How is the changed cost of funding for banks impacting bankers’ ability to structure and price corporate loans?
• What capacity do the loan markets have to support borrowers? How liquid are the banks?
• Who is ready to lend: How have term sheets evolved over the past 3 months?

Moderator

• Hamed Afzal, Partner, Norton Rose Fulbright LLP

Speakers

• Nishit Kumar, Senior Director, Head of Loan Syndications and Distribution, Mashreqbank

• Zain Zaidi, Managing Director, Head of CEEMEA Loans & Leveraged Finance, Citi

• Tariq Amin, Head of Syndications, Capital Markets, Bank ABC

• Nik Joharris bin Nik Ahmad, Country Head, UAE, Maybank Islamic

Economic backdrop vs. investor demand: How to price Russian risk in June 2020

• Government support and policy moves: How has the changed political and economic landscape impacted investor views of Russia?
• COVID-19 and falling oil price: How are banks and investors pricing Russian credit?
• Who can access to the market? At what price? What is the new normal for Russian issuers?

Moderator

• Pavel Isaev, Executive Vice President, Debt Capital Markets, Gazprombank

Speakers

• Ravil Yusipov, Chief Investment Officer, Deputy CEO, TransFinGroup Asset Management

• Richard Segal, Senior Emerging Markets Credit Analyst, Manulife Asset Management

• Florian Boehringer, Director, Senior Portfolio Manager, Vontobel

• Alexey Tretyakov, Chief Executive Officer, Aricapital Asset Management

Approaching the market: How are corporates managing their short, medium, and long-term funding?

• Real economy: What are CFOs and Treasurers’ outlook for their businesses? What impact has COVID19 and a slump in oil price had on business and funding requirements?
• How much capital is available from their relationship banking groups? What are the alternatives today to secure funding?
• Negotiating and navigating the markets: What are CFOs and Treasurers’ strategies for the rest of 2020 and into 2021?
• How to (and who can) tap the market in uncertain times?
• What are the lessons to be learnt from COVID-19 and how will funding activities change post-COVID-19?

Moderator

• Jean-Marc Mercier, Managing Director, Vice-Chairman, Capital Markets, HSBC

Speakers

• Alwaled Al-Moaither, GM Treasury & Capital Management, Saudi Telecom Company

• Rajit Nanda, Chief Investment Officer, ACWA Power

• Ahmad Alshubbar, Vice President, Treasury and Strategy, Rawabi Holding

• Manish Manchandya, Group Chief Financial Officer, Saudi Electricity Company

• Sabrina Al Bakri, Head of Treasury, OQ SAOC

Responding to COVID-19: How are Russian companies adapting to the new reality?

• How significant is the damage done to Russian corporates from the COVID-19 shutdown? Have they had to adopt their business model?
• Growth, CAPEX, disruption: What are Russia’s top tier companies’ fund raising needs? How liquid are they? For those in need, how have they secured short-term financing?
• How are Russia’s corporates planning to finance themselves in times where banks get restricted with financing?
• Who is still able to access the debt capital markets? How does pricing compare to the loans market? Are more attractive rates and terms on the local or international market?

Moderator

• Alex Griffiths, Managing Director, Head of Corporate Ratings, EMEA, Fitch Ratings

Speakers

• Mikhail Sychev, АССА, Head of Debt Finance Department, Gazprom Neft

• Rostislav Rozbitskiy, Head of Corporate Finance, EVRAZ Group

• Ruslan Karmanny, Adviser to the CFO, Eurochem

Sukuk vs. EM High Yield: Can sukuk provide access to the markets for BB and B issuers?

• How BB and B rated companies should approach the capital markets
• GCC regional bank vs. international perspective on how to bring a non-GRE BB/B credit to the market in the current market environment
• Sukuk vs. conventional bond markets: Why are the sukuk markets trading tighter? Can the sukuk market provide access to issuers where conventional markets can’t?
• Restructuring sukuk and the opportunity of Garuda: How will a template for a successful workout of a sukuk attract more liquidity to the market?

Moderator

• Rizwan Kanji, Partner, Akin Gump Strauss Hauer & Feld LLP

Speakers

• Aditya Kotibhaskar, Head of Debt Capital Markets, Investment Banking, Mashreqbank

• Kathy Collins, Investment Manager, Emerging Market Debt, Aberdeen Standard Investments

• Neeraj Agrawal, Chief Financial Officer, Crescent Petroleum

• Sharif Eid, Portfolio Manager, Global Sukuk and MENA Fixed Income, Franklin Templeton Investments (ME) Ltd

• Dr. Mohamed Damak, Senior Director and Global Head of Islamic Finance, S&P Global

Belarus: How does the government plan to navigate its way back towards its economic vision

• How does the government plan to ensure fiscal discipline in the current climate?
• Sovereign strategy through the prism of COVID-19: How much capital does the government need to secure to fund its economic agenda?
• Will they be looking for funds in both the local and international markets?

Speakers

• Andrei Belkovets, Deputy Minister, Ministry of Finance of Belarus

This time is different: How long and deep will this bear market be?

• Making sense of the volatility: What to learn from previous downturns
• The global economic and markets picture: What is really different this time?
• Developed markets vs. emerging and frontier markets: Historical trends, learning and adapting investment strategy

Moderator

• Alex Johnson, Chief Executive Officer, GFC Media Group

Speakers

• Mark Mobius, Founding Partner, Mobius Capital Partners

Supply and demand dynamics in Russia’s loans market

• What are banks doing to support companies during the COVID-19 crisis?
• Who is lending? How liquid are the banks? How and where are they deploying their capital?
• Pricing models and cost of funding: How have market dynamics changed?
• What is the anticipated restructuring, when will it come in?
  

Moderator

• Evgeny Gaevskiy, Director, Loan Capital Markets, ING

Speakers

• Anton Kukoba, Head of Syndicated Lending & Structuring, Raiffeisen Bank

• Sergey Voronenko, Director, Lead Analyst, Financial Services Ratings, S&P Global

• Ivan Dun, Executive Vice President, Head of Loan Syndications and International Finance, Gazprombank

How is Turkey’s political economy responding to the COVID volatility?

• Policy responses: What has been done? What more needs to be done?
• Currency performance, interest rates, trade flows and current accounts: Positives and negatives analysed
• Oil price and the Turkish economy: What is the short, medium and long-term outlook of $20/barrel?
• International investor views on the economics and market dynamics: Buy, sell or hold?

Moderator

• Philippe Dauba-Pantanacce, Senior Economist, Global Geopolitical Strategist, Standard Chartered Bank

Speakers

• Tim Ash, Emerging Market Sovereign Strategist, BlueBay Asset Management

• Osman Cevdet Akcay, Independent Economist,

• Habib Rab, Program Leader for Equitable Growth, Finance & Institutions, World Bank

Estonia: Response to COVID-19, GDP growth and capital requirements

• What has the impact of COVID-19 and linked economic shocks had on the economy?
• Forecasts for 2021 and beyond: GDP, investments and infrastructure upgrades
• Financing strategies and approach to capital markets

Speakers

• Marten Ross, Deputy Secretary-General for Financial Policy and External Relations, Ministry of Finance, Estonia

Slovenia: Response to COVID-19, GDP growth and capital requirements

• What has the impact of COVID-19 and linked economic shocks had on the economy?
• Forecasts for 2021 and beyond: GDP, investments and infrastructure upgrades
• Financing strategies and approach to capital markets

Speakers

• Marjan Divjak, Director General, Treasury Directorate, Ministry of Finance, Slovenia

How are Turkish companies managing finances and balance sheets in preparation for a change in the new world order?

• Real economy vs. financial markets: What are CFOs and Treasurers expectations for their business beyond the current COVID-19 crisis?
• Managing balance sheets and maintaining ratings
• Which markets are open to Turkey’s top-tier corporates? How much has credit pricing moved since the onset of the COVID-19 pandemic?

Moderator

• Yiğit Arslancık, Assistant General Manager, Managing Director, Head of Wholesale Banking, HSBC

Speakers

• Görkem Elverici, Chief Executive Officer, Sisecam

• Osman Yilmaz, Chief Financial Officer, Turkcell

• Orhun Kostem, Chief Financial Officer, Sabancı Holding

• Teymur Abasguliyev, Chief Financial Officer, Socar Turkey Enerji

Break

Corona social bonds: How does the pandemic make a stronger business case for pursuing strategic ESG integration into funding strategies?

• Assessing the appeal of Corona and pandemic bonds: Understanding issuers approach and gauging appetite for more pandemic linked bonds
• What are investors looking for? Is this a short-term trend?
• Where does ESG figure on investors’ lists of priorities when considering investment opportunities post-pandemic?
• Does data support the case for ESG linked bonds being more resilient?

Speakers

• Giulia Pellegrini, Deputy Chief Investment Officer, Emerging Markets Debt, Allianz Global Investors

• Elena Chimonides, Product Specialist, Fixed income, Primary Markets, London Stock Exchange

• Rahul Sheth, Global Head, Sustainable Bonds, Debt Capital Markets, Standard Chartered Bank

• Axel Bendiek, Head of Treasury and Investor Relations, Ministry of Finance of the State of North Rhine-Westphalia

• Farnam Bidgoli, EMEA Head of Sustainable Bonds, HSBC

How is Kenya responding to the economic impact of COVID-19?

• What policy responses have been put in place?
• Commodities: How is the change in commodity prices impacting Kenya and how is the central bank and government alleviating this?

Speakers

• Sheila M’Mbijjewe, Deputy Governor, Central Bank of Kenya

How are African governments securing financing for their COVID-19 response?

• Fiscal and monetary stimuli: Who has done what? Where is it working? What more needs to be done?
• The good, the bad and the really ugly: Currency performance, inflation, debt repayments – which countries are under pressure?
• What are investor strategies in Africa? Have criteria/mandates changed at all by COVID-19?
• Working with the IMF, IFIs and DFIs: What strategies are African debt management offices employing to relieve pressure from the current crisis?

Moderator

• Kobby Bentsi-Enchill, Executive Director, Stanbic IBTC

Speakers

• Greg Smith, Fund Manager, Emerging Markets Fixed Income, M&G Investments

• Siyabonga Shange, Treasury Manager, SANRAL

• Patience Oniha, Director-General, Debt Management Office, Nigeria

The World Reimagined – The medium to long term impacts of COVID-19

Speakers

• Professor Greg Clark CBE, Senior Advisor: Future Cities & New Industries, HSBC

• Stephen King, Senior Economic Adviser, HSBC

Weathering the storm: How are African corporates adapting their financing strategies and managing their balance sheets?

• How has the slump in commodity prices and COVID-19 impacted corporates’ business and funding requirements?
• What are CFOs and Treasurers’ strategies for managing their balance sheets during and after the COVID-19 pandemic?
• How has pricing changed since the onset of the pandemic?
• The search for liquidity: Where and in what formats can Africa’s bluechip corporates access financing? Where can hard currency funding be sourced?
• Are local capital markets able to provide sufficient financing for corporates?
• A post-pandemic world: How will corporates’ financing strategies change in the mid- to long-term as a result of COVID-19?

Moderator

• Samta Lalan, Head of Syndication and Distribution: London / Principal, Nedbank

Speakers

• Nganga Njiinu, Chief Executive Officer, TransCentury

• Timothy Ononiwu, Chief Financial Officer, Axxela

• Martin Twala, Group Treasurer, East African Breweries

• Deepen Jhina, General Manager, Capital, Investment & Funding, MTN Group

After turning on the printers, will developed market stimulus make its way into emerging markets?

• What can be expected of the Fed, BoE, ECB and BoJ in the medium-term?
• How will negative rates in developed markets influence appetite for emerging market debt?
• How does the rollout of EM central bank QE influence the outlook for EM assets?

Speakers

• Sergio Trigo Paz, Head of Emerging Market Debt, Blackrock

• Jan Dehn, Head of Research, Ashmore Investment Management

• Cian O'Brien, Senior Investment Officer, Colchester Global Investors

Understanding price discovery in African credit

• Making sense of market dislocations due to illiquidity
• What factors are going into price discovery given a cross-the-board retrenchment from investors?
• Spreads: What will the new normal look like? When do we get there?
• Can deals be priced today? What are investor considerations?

Moderator

• Matthew Duggan, Head of Syndications, Absa

Speakers

• Joe Delvaux, Portfolio Manager, EM Distressed, Amundi Asset Management

• Simon Howie, Co-Head SA & Africa Fixed Income, Ninety One

• David Rajak, Capital Markets and Investor Relations Executive, Bayport Management Ltd

• Brock Hoback, Managing Director, ALCB Fund

Deep dive on emerging markets defaults and impact of Coronavirus

• How have we seen COVID-19 impact Emerging Market defaults? How has the landscape changed since March?
• Challenging outlook across EM (similar to developed markets): Where are the stresses? Where are the liquidity pockets and the opportunities for issuances?
• Assessing the picture in the run up to the crisis: Which instruments offer the strongest protection and can bolster recovery from default?
• Evaluating the role IMF and private creditors when defaults play out in an Investment Grade versus High Yield setting

Speakers

• Colin Ellis, Managing Director, Credit Strategy, Moody's Investors Service

The damage done: When will the recovery start and what will it look like for emerging economies post-COVID19?

• If the pandemic ends tomorrow, assess the damage done
• Who recovers first? How does it trickle down to other economies?
• Which emerging markets will re-emerge first and why? Who will be last and why?

Moderator

• Greg Saichin, Advisor, Even Keel Family Office

Speakers

• Peter Marber, Portfolio Manager, Aperture Investors

• Charles Robertson, Global Chief Economist, Renaissance Capital

• Marshall Stocker, Co-Director of Emerging Markets, Portfolio Manager, Eaton Vance Management

• Sergey Dergachev, Functional Head EM Corporate Debt, Union Investment Privatfonds GmbH

How to navigate the African loan markets now and post-COVID19

• Making sense of market dislocations due to illiquidity
• What factors are going into price discovery given a cross-the-board retrenchment from investors?
• Spreads: What will the new normal look like? When do we get there?
• Can deals be priced today? What are investor considerations?

Moderator

• Matthew Pirnie, Group Head of Ratings, GCR Ratings

Speakers

• Jo Maharaj, Head: Loan Capital Market Solutions, Rand Merchant Bank (RMB)

• Michael Fischer, Director - Financial Institutions Africa, KFW DEG

• Constantin Von Moltke, Head of Syndications, African Export-Import Bank (Afrexim)

Anticipating Stock Corrections and Credit Spread Widening

Speakers

• Michael Gayed, Portfolio Manager, Toroso Investments

DFIs, IFIS and ECAs in Africa: A change of strategy or business as usual?

• IMF and G20 debt relief, what does this look like in practical terms and which countries are set to benefit from this?
• Following AFDBs social bond – is the appetite for ESG linked debt amongst the international investor community the way forward for DFI, IFI and ECA issuers?
• Increased prominence of multilaterals across the region: What role do DFIs and ECAs play in supporting capital stimulus?
• How can ECAs and infrastructure deals access liquidity? What are the new pricing models (and trends) for this sector?

Moderator

• Abraham Byanyima, Executive, Treasury, TDB Group

Speakers

• Deepak Dave, Chief Risk Officer, African Trade Insurance Agency

• Banji Fehintola, Senior Director, Head of Treasury & Financial Institutions, Africa Finance Corporation

• Vivan Ramathuba, Senior Professional - Project Finance, New Development Bank

• Ayman Sejiny, Chief Executive Officer, Islamic Corporation for the Development of the Private Sector (ICD)

Political shifts and country risks: How is Latin America’s economic landscape changing (as part of the broader pandemic and oil price issues)?

• What are the discrepancies in governmental responses and policies in response to COVID-19 and how has this impacted on the credit risk of countries?
• How are governments supporting liquidity pressures, limiting damage to their economies?
• Have monetary policy moves influenced investors’ demand for local currency versus US dollar deals?
• Which is having the bigger impact on the economy and local financial markets: COVID-19 or the fall in oil price?
• Economic data vs. market data: Who are the winners? Who are the losers and the big losers?

Moderator

• Jorge Unda, Chief Investment Officer, USA, BBVA

Speakers

• Eduardo Cavallo, Principal Economist, Inter-American Development Bank

• Alejandro Padilla, Chief Economist and Managing Director of Research, Banorte

• Zeina Latif, Consultant, Gibraltar Consultoria

• Roger Horn, Executive Director, Senior Emerging Markets Desk Analyst, Fixed Income Sales & Trading, SMBC EMEA

What role can capital markets play in ensuring the equitable distribution of a COVID-19 vaccine across Africa?

• What financial tools are available help fund a vaccine’s purchase and distribution for both Gavi and non-Gavi countries?
• How can we ensure that EM countries which can afford to pay for a vaccine, but lack dollar liquidity, are able to access hard currency financing?
• How much funding is required to bolster supply chains in order to prepare them for distributing a vaccine?

Speakers

• Christopher Egerton-Warburton, Co-Chief Executive Officer, Lion's Head Global Partners

• Cyrus Ardalan, Chairman, International Finance Facility for Immunisation – Gavi, the Vaccine Alliance

Debt relief: What is the impact on private creditors? What are the implications for EM debt as an asset class?

• What is the impact on banks and investors of G20 and IMF debt relief?
• How will the package be deployed? Is it a deferred payment for 8 months?
• What are investor concerns? What does debt relief mean for Emerging markets and Frontier markets debt as an asset class? Does it complete undermine it? Or does it boost investor confidence in it?

Moderator

• Thomas Christiansen, Managing Director, Head of EM Sovereign Debt, Union Bancaire Privée

Speakers

• Samir Gadio, Head of Africa Strategy; FX, Rates and Credit Research, Standard Chartered Bank

• Lucie Villa, Vice President, Senior Credit Officer, Moody's Investors Service

• Trang Nguyen, Director, Debt Capital Markets, SMBC Nikko Capital Markets Limited

Latin America Corporates: The Path Forward

• Will the pace of re-openings be the same throughout the Latam?
• Is there pressure to reopen economies too soon?
• Are more downgrades and defaults on the way?
• Can credit quality in the region recover to pre-crisis levels?
• What are the financing needs of companies post-Covid?

Speakers

• Daniel Kastholm, Managing Director, Fitch Ratings

Bonds vs. loans, USD vs. local currency: How can borrowers access short, medium and long term capital?

• How has COVID-19 and the fall in oil prices impacted businesses? How are CFOs and Treasurers managing their capital structures and balance sheets?
• Bonds vs. loans: Which markets are open to borrowers now?
• Price, structure, size and maturity: What can be achieved and by whom?

Speakers

• Felipe Castilla, Chief Financial Officer, Grupo Energia de Bogota (GEB)

• Leonor Salomon, Executive Director, Financial Manangement, Santander

• Carlos Isaza, Head of Corporate Finance, Celsia

Israel: Debt management framework in light of COVID-19

• Financing strategies and approach to capital markets

• Key principals of debt and risk management policies

Speakers

• Lior David Pur, Head of Government Debt Management, Ministry of Finance, Israel

Brazil: What is the outlook for the privatisation programme, tax and pension reforms in this new environment?

• Brazilian states’ funding needs in light of COVID-19: Does the sanitation regulation require a larger focus now?
• From public to private in the oil, gas and infrastructure sectors: How are the government planning to balance funding demand for its different sectors of the programme?
• Will social infrastructure, such as hospitals now take a bigger priority within the privatisation programme?
• What are the implications of a pension scheme managed through fixed income funds in a time of a global economic shock?

Speakers

• Henrique Meirelles, Secretary of Finance, State of São Paulo

How to price deals in the current market where there are no reference points?

• Pricing discovery in the new norm: Where to start when there are no benchmarks and no reference points?
• How to price an issuer that has been downgraded from investment grade to sub-investment grade
• What is investor appetite for new deals and new opportunities? How can these deals be priced?

Moderator

• Juan Sebastián Restrepo, Head of Investments, AFP/Insurance & Product Innovation, Skandia

Speakers

• Alfredo Mordezki Zytny, Head of Latin America Fixed Income, Santander Asset Management

• Jack Deino, Independent

• José Martínez Sanguinetti, Vice President, Investments, Rimac Seguros, Peru

• Alessia Falsarone, Managing Director, Head of Sustainable Investing, Pinebridge Investments

Brazil: How does the government plan to navigate its way back towards its economic vision

• How does the government plan to ensure fiscal discipline in the current climate?
• Sovereign strategy through the prism of COVID-19: How much capital does the government need to secure to fund its economic agenda?
• Will they be looking for funds in both the local and international markets?

Speakers

• Luis Felipe Vital, Head of Public Debt, National Treasury, Brazil

Size, price, tenor… but what are global banks’ criteria for lending to the region?

• Who is still lending in US dollars in the region? How are corporates working with their relationship banks to mobilise syndicates?
• Bank cost of funding transferring into pricing and structure: What’s the formula? How have terms changed?
• Will European and Asian banks shift focus back to their home markets? How will this impact Latin American business and markets?

Moderator

• Sara Pirzada, Managing Director, Head of Loan Syndications, Americas, SMBC Americas

Speakers

• Eduardo Zemborain, Head of Investment Banking and Specialized Industries, ICBC Argentina

• José Merigo, Managing Director, Country Manager, Mexico, Societe Generale

• Benjamin Velazquez, Director, Head of Project Finance & Latin America Loan Syndications, ING

What is the outlook for the privatisation programme, and investment in and out of Brazil in this new environment?

Speakers

• Martha Seillier, Special Secretary for Investment Partnerships Program, Special Secretary for Investment Partnerships Program

• Rodrigo Tiraboschi, Special Advisor, Privatisation Secretariat, Ministry of Finance, Brazil

Paraguay: How COVID-19 will affect energy and infrastructure investment and policy for 2020/21?

• PPPs, project bonds, structured finance: How are different governments planning to fund their energy and infrastructure needs?

Speakers

• Benigno Lopez, Minister, Ministry of Finance, Paraguay

How is COVID-19 and the fall in oil prices impacting infrastructure deals in Latin America?

• Are regional infrastructure assets performing? What happens to PPAs if electricity bills are not paid?
• What is the long-term view of Infrastructure amongst governments, sponsors and developers?
• If projects are put “on hold”, does the money stay with the project or are governments pulling sponsorship of projects to deploy elsewhere?
• How to renegotiate (and restructure) infrastructure and energy deals where the sponsor and/or developer has been downgraded
• What is the appetite amongst banks and institutional investors for Infrastructure deals?

Moderator

• Adrián Garza, Vice President, Senior Analyst, Moody's Investors Service

Speakers

• Jorge Camiña, Partner & Head of Sustainable Infrastructure Credit, Denham Capital

• Aurelio Bustilho de Oliveira, Chief Financial Officer, Americas, Enel

• Eric Wittleder, Senior Vice President, Infrastructure Investments, Brookfield Asset Management

• Leonardo Osorio, Executive Director, SMBC EMEA

Chile: Successfully issuing bonds to provide COVID-19 relief programmes

• What has the impact of COVID-19 and linked economic shocks had on the economy?
• Forecasts for 2021 and beyond: GDP, renewable energy investments
• Financing strategies and approach to capital markets

Speakers

• Patricio Sepulveda, Head of Public Credit, Ministry of Finance, Republic of Chile

Structured finance: Accessing capital where vanilla markets can’t provide it

• How much additional liquidity can borrowers bring into their deals by adding structure?
• Balancing the additional costs associated with structuring and the additional liquidity coming into deals: What’s the right balance?
• Who and where are the investors looking for structured finance transactions?

Moderator

• Kristie Pellecchia, Principle, Pellecchia International

Speakers

• Felipe Bomfim, Chief Financial Officer, Brazil,, Patria Infraestrutura

• Carlos Linares Penaloza, Chairman, COFIDE

Colombia: Response to COVID-19, GDP growth and capital requirements

• What has the impact of COVID-19 and linked economic shocks had on the economy?
• What are the main responses from the Government?
• Financing strategies and approach to capital markets.

Speakers

• Cesar Arias, Director of Public Credit, Ministry of Finance & Public Credit, Colombia

Peru: Successfully issuing bonds to respond to COVID-19 and support the economy

• COVID and oil: How much damage has the economy suffered in the first half of 2020?
• Forecasts for 2021 and beyond: GDP, investments and infrastructure upgrades
• Access to USD funding: Financing strategies and approach to capital markets

Speakers

• José Olivares Canchari, Director, Banco de la Nación, Republic of Peru

GDNs: Expanded Investor Access to Local Debt Securities

• Since 2007, Global Depositary Notes (GDNs) have facilitated incremental investor access to local debt securities issued in emerging markets
• Citibank’s GDN depositary bank capabilities currently span 23 countries, globally
• GDNs have been utilized by issuers as a component to international primary market offering transactions or simply by investors and brokers for local secondary market access.

Speakers

• Justin Karol, Global Product Head of Global Depositary Notes, Citi

Evolution of structured debt (CRIs, CRAs, securitisation and illiquid strategies) in Brazil: Still a viable funding instrument following regulation updates and COVID?

• Who are the new players coming to market following changes to CVM regulation on FIDCs? Has COVID-19 impacted new-entrant appetite?
• Will the CRI, CRA incentives survive if the government cancels the exemption applicable to these securities? Which instruments could viably take their place?
• View from the market: How does the revision for issuing CRIs in 2020 benefit the real estate and agribusiness sectors?
• What can we learn from CVM regulation on FIDCs that is applicable to the CRAs and CRIs legislation?
• What is the outlook for private debt and illiquid and special situation strategies?

Moderator

• Daniel Eskinazi, Partner, Soul Capital

Speakers

• Bruno Gomes, Head of Alternative Investments, CVM

• Guilherme Ferreira, Managing Partner, Jive Investments

• Lucas Drummond, Real Estate Director, Grupo Gaia

Post-COVID: What will China’s recovery look like and what are the implications for other economies?

• What shape of recovery is expected: U, V or W?
• What tools and policy measures will be used to recover from this crisis? Are those used post-2008 Financial crisis likely to work again?
• One Belt One Road bilateral deals: How will payment terms be enforced/relaxed?
• Single (de-coupled from the US) and ready to mingle: Trade wars and legal disputes with US, debt relief, an emerged global creditor – what strategies will China pursue post-COVID-19?

Speakers

• Gene Ma, Head of China Research, Institute of International Finance