6th February 2020
Four Seasons, Mexico City

Agenda

6th February 2020

08:00
Registration and coffee
Session ends: 08:50
08:50
Chairman's opening remarks
Session ends: 09:00
09:00
Keynote address: Understanding the financing plans of Mexico’s government for 2020 and beyond
  • What are the government’s long-term plans to encourage investor confidence in light of a changing political climate and the sovereign’s rating downgrade?
  • Public spending strategy: How much capital does the government need to secure to implement its growth plans? In Which markets are the government looking at to raise funds?
  • How is the government planning to facilitate the flow of capital for projects outside Pemex? How are they looking to make the contracts more bankable?
Session ends: 09:20
09:20
Keynote address: How is the Central Bank’s monetary policy agenda for 2020/21 impacting Mexico’s capital markets?
  • Balancing interest rates vs. managing inflation vs. encouraging growth: How does the Central Bank plan to sustain a steady monetary policy, and ensure fiscal discipline?
  • What impact will the new benchmark rate have on bonds and loans activity in Mexico
  • How is the cut interest rates in the US and Europe impacting the Central Bank’s monetary policy decisions?
Session ends: 09:40
09:40
Trade wars, rate cuts and US elections: Assessing the impact of macroeconomic volatility on the Mexican economy
  • Expectations one year into the new administration: How do investors, lenders and issuers feel about Mexico’s outlook for the first half of 2020?
  • How will the Fed’s rate cuts affect Mexico’s own monetary policy and market activity
  • Update on USMCA: How are the ongoing negotiations impacting Mexico’s manufacturing and credit markets?
  • Pricing and inflation hike due to uncertainty of deal: How can Mexican manufacturers hedge against this pricing change? How can they benefit more from USMCA?
Speakers
Session ends: 10:20
10:20
CFO presentation: How are global corporates approaching investment and financing in light of increased global market volatility?
  • Strong capital fundamentals coupled with lower pricing: What is the Multi-Latina outlook for 2020?
  • Onshore vs. offshore: Where are Mexican multinationals raising capital?
  • The impact of the 2020/22 maturity wall on market liquidity: Which players will step up to refinance these debts?
Session ends: 10:40
10:40
Coffee and networking break
Session ends: 11:10
11:10
On the road to refinancing: How can the administration instil greater confidence in the Oil and Gas sector?
  • What are the critical success factors firms need to employ to secure economically viable new projects with competitive pricing?
  • Evolution of the Dos Bocas oil refinery: What are the principal challenges and opportunities available for other oil and gas players?
  • Access to working CAPEX: How do the government plan to support oil companies to achieve a healthy balance sheet?
  • What would be the impact of refinancing on Mexico’s local market activity? Who will be the players refinancing these debts?
Moderator
Speakers
Session ends: 11:50
11:50
Preparing for a transition away from LIBOR: How to ensure your organisation is ready for the seismic shift?
  • What is replacing LIBOR as a benchmark in Latin America?
  • Transitioning: What do 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: 12:30
12:30
Syndication vs. club deal, USD vs. MXN: What structures will drive loan market activity in 2020?
  • Increased appetite amongst international banks to underwrite and syndicate loans: How is the shifting political and economic landscape impacting demand?
  • Which international banks are increasing their presence in Mexico? Which sectors are they navigating towards?Underwriting syndications vs club deals: Which structures will bring most value in 2020?
  • MXN vs USD: How do pricing, size, tenor and covenant packages compare?
  • New players and products in the market: Where are they looking to lend? How are new products adding value to an already competitive syndicated loan market?
Session ends: 13:10
13:10
Networking Lunch
Session ends: 14:30
14:30
Evolution of Mexico’s ESG and sustainable finance markets: How can issuers and investors capitalise on this additional liquidity to make a concerted effort to issue green?
  • Increased international appetite for ESG as an investment tool: How can Mexican issuers develop socially conscious governance structures to improve ESG scores?
  • Assessing ESG metrics and rating analysis for socially conscious investments: What do investors expect versus reality? How do ESG metrics affect funding and economic performance of projects
  • Green bonds vs. green loans: What factors do issuers and investors need to take into account to successfully issue green in Mexico?
  • Which Mexican corporates are developing sustainable finance products? What are criteria are they looking for in their banking relationship?
Speakers
Session ends: 15:10
15:10
What steps need to be taken to secure continued local and international sponsorship into Mexico’s energy sector?
  • How can Mexican developers re-engage international interest to demonstrate the door for investment is still open?
  • Electricity sector private auctions: What opportunities are available for the private energy sector to attract new investment?
  • Assessing the future of the energy sector post 2021/22: How will renewable projects be financed? Which markets can be tapped to access new capital? For how long will energy tariffs remain stable?
  • Evaluating the changing role of CFE as a potential electricity generator: How would this alter the competition for tenders?
  • ECAs, DFIs and IFIs: Will their appetite to lend to energy projects in Mexico change in light of the slowdown of energy auctions? How can developers secure more funding from these lenders?
Speakers
Session ends: 15:50
15:50
Coffee and networking break
Session ends: 16:05
16:05
Mexico’s infrastructure pipeline for 2020/21: What is the government’s plan at federal and regional levels for new initiatives and financing opportunities?
  • Continuation of financing existing projects: What are the key funding sources of the government’s strategic programme?
  • Infrastructure Fibras: Which assets are best to invest? How does pricing compare to Real Estate Fibras? Assessing investment opportunities will new ventures create for private firms
  • Importance of funding large infrastructure projects in USD: How can firms with peso dominated cashflows enter into the market?
  • The long road to PPPs: How can these be made bankable, and what is the timeline for these projects to come to fruition?
  • Evolution of projects outside CDMX: Which projects and regions are most attractive to investors?
Speakers
Session ends: 16:45
16:45
Pricing Mexican credit: Where are the investors’ sweet spots?
  • Politics, market dynamics and credit ratings: How is uncertainty being priced into Mexican bonds? How are investors hedging their exposure to Mexico?
  • Understanding the appetite for local and cross border bonds – where do issuers and investors see the most value?
  • Restoring investor confidence: What critical success factors do international investors need to boost long-term investment into the Mexican market?
  • Assessing the value of investing directly into CKDs, Fibras and CERPIS - is the demand amongst local buyers matched with the return on investment?
  • What steps need to be taken to encourage issuers to come to market? Prior to issuance, which credits are attractive to investors?
  • How can REITs capitalise on the window of opportunity in the market? What do investors need to see to drive more growth?
  • Looking to the Far East: How can Asian interest in Mexico be converted into new investment?
Speakers
Session ends: 17:25
17:25
Chairman's closing remarks and close of conference
Session ends: 17:35