10th June 2020

2020 Agenda

Plenary

10th June 2020

08:00
Registration and coffee
Session ends: 08:50
08:50
Chairman's opening remarks
Session ends: 09:00
09:00
Keynote address: One Year In: How is the administration progressing with its tax, pension reform and privatisation plans whilst maintaining the fiscal discipline?
  • Brazilian states’ appetite for sovereign loans: How can the states balance the financing needed for new sanitation regulation and privatisation programme?
  • From public to private in the oil, gas and infrastructure sectors: How do the government plan to manage the funding demand for its privatisation programme?
  • What are the implications of a pension scheme managed through fixed income funds in a time of lower interest rates?
  • What is the current role of government agencies on fostering innovation and infrastructure development?
Speakers
Session ends: 09:25
09:25
Keynote address: How will the government finance its way in the markets towards a new economic vision?
  • How does the government plan to implement a new tax structure, continue pushing through pension reform and ensure fiscal discipline? What effect will this have on bonds and loans activity for 2020?
  • Public spending strategy: How much capital does the government need to secure to fund it’s economic agenda? Are they planning to raise the funds in both the local and international markets?
Speakers
Session ends: 10:05
10:05
Rates, FX, trade, politics and markets: How is Brazil’s economy responding to international and domestic uncertainty?
  • Decisive investor forecast for 2020: How has investor perception changed after 18 months of the new administration in office, if at all?
  • Assessing Brazil’s low interest rates and monetary policy outlook for 2020: How will the new benchmark rate impact bonds and loans activity?
  • Brazilian investors are looking beyond Fixed Income: Where are the new pockets of investment for 2020/21?
  • What will be the impact of US/China trade tensions and the Latin American Spring on Brazil’s capital flows?
Session ends: 10:45
10:45
Coffee and networking break
Session ends: 11:15
11:15
How can Brazilian corporates protect themselves in a period of economic, political and social volatility across the region?
  • What are the most significant risks and challenges facing Brazilian funding and treasury teams in 2020?
  • How are CFOs developing their 2020 CAPEX and investment strategies to factor in increased regional and domestic uncertainty? How are low local interest rates affecting their appetite for new issuance?
  • Assessing the rally in local DCM activity: How do Brazilian companies see this playing out for 2020 and beyond?
  • What can corporates do to increase investor appetite for local bonds?
  • How are multinationals projecting their capital structure to support investments in Brazil?
Speakers
Session ends: 11:55
11:55
Evolution of Brazil’s ESG metrics: What are the key steps for issuers and investors to debut in the sustainable market?
  • Assessing new challenges and opportunities for the continued development of the green bond and loan market in Brazil
  • What criteria should green projects display to wet investors’ appetite? Do the benefits of going green justify the additional effort required?
  • Assessing metrics for bond and loan comparison: Is there a level playing field for volume of work required, and how does the ROI compare to a regular transaction?
Speakers
Session ends: 12:40
12:40
Capitalising on appetite for Brazilian infrastructure concessions in 2020: How can investors with USD cashflows be encouraged to issue in reais?
  • International investors on the hunt for yield in Brazil: What critical success factors do they need to see to sponsor long-term local projects?
  • Project bonds and BRL debt securities: Assessing best instruments to issue in reais as local firms step up to the plate to plug funding gap
  • Toll roads versus airport concessions: Where do offshore investors see most potential for investment?
  • BNDES’ evolution to market facilitator: To what extent does BNDES’ divestiture open the door for private players to finance long-term infrastructure projects?
  • Debentures, promissory notes, and FIDCs: Who are the new players coming to market with long-term financing structures and how are they looking to be involved?
  • BNDES’ repositioning as guarantor: Would they act as financier for complex off-shore projects?
  • Access to mini-perm funding: How can bankers, issuers and investors work together to increase the volume of local deals in the 4-7 year tenor bracket?
Speakers
Session ends: 13:25
13:25
Networking Lunch
Session ends: 14:40
14:40
On the road to opening up the Oil, Energy and Sanitation sectors: How the privatisation programme and foreign investment can fund Brazil’s key markets
  • What steps need to be taken to source new CAPEX and alternative funding routes in the energy sector in a context of low local interest rates?
  • Standardising energy concessions with new capital injections: How best to forecast a dollarized contract, and how can the sovereign supplement this?
  • Access to working CAPEX and oil reserve excess: How does the government plan to support oil companies to achieve healthy balance sheets and increase competition in the sector?
  • Lessons learned from recent oil auction: What do international investors and IOCs need to see to tap the Brazilian market?
  • Spotlight on sanitation: How will the proposed singular regulatory agency under the new bill benefit the privatisation programme? Which investor pools can be tapped to fund the sub-sectors most in need?
Speakers
Session ends: 15:25
15:25
Assessing the outlook for acquisition finance in Brazil: What are the key steps for issuers and investors to move forward in the current climate?
  • Green light for the privatisation programme and BNDES’ changing role: What challenges does this transition period raise for lenders in Brazil?
  • Determining key risks within a legal context: Dos and Don’ts of acquisition finance in Brazil
Speakers
Session ends: 16:10
16:10
Preparing for a transition away from LIBOR: How to ensure Brazilian organisations are ready for the seismic shift?
  • What is replacing LIBOR as a benchmark in Latin America?
  • Transitioning: What do local and international banks and borrowers need to be aware of when renewing loan contracts?
  • Reviewing recent deals launched using alternatives to LIBOR: How can this be applied to deals within a Latin American jurisdiction?
Session ends: 16:50
16:50
Networking break
Session ends: 17:05
17:05
Evolution of structured debt (CRIs, CRAs and securitisation) in Brazil: Are they still a valuable instrument following regulation updates?
  • Growth of Brazilian structured debt and distressed assets: Who are the new players coming to market following changes to CVM regulation on FIDCs? How are investors pricing these changes?
  • 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?
Speakers
Session ends: 17:45
17:45
Fintech and SMEs: How are non-bank financing solutions opening up the markets for alternative lenders?
  • Large local banks dominate the market: Is the rise of challenger banks and start-up payment platforms realistically a threat to traditional bank products?
  • Boost in institutional investor interest in discount receivables space: Which sectors is this most concentrated on? What impact will this have on payment processes within capital markets?
  • How could increasing SME stock market activity incentivise fintech regulation from Central Bank, CMV and other governmental institutions?
  • How do blockchain and smart contract technologies level the playing field?
Speakers
Session ends: 18:25
18:25
Session ends: 18:30