3rd December 2019
Eko Hotel and Suites, Lagos

2019 Agenda

Chairman: Kobby Bentsi-Enchill, Executive Director & Head, Debt Capital Markets, Stanbic IBTC

3rd December 2019

09:00
Opening remarks and vote of thanks
Session ends: 09:10
09:10
Presentation: Nigeria’s financing strategy 2019/2020
  • What are Nigeria’s financing needs over the next fiscal year? How much and in what format is Nigeria looking to borrow?
  • What role will Islamic finance/sukuk play in the DMO’s financing strategy?
  • What other innovative funding instruments is Nigeria considering? (e.g. Naira denominated USD settled “Jollof” bonds, Diaspora bonds, etc.)
  • Macroeconomic factors and commodity prices: How will this impact Nigeria’s financing strategy?

Speakers
Session ends: 09:40
09:40
Debt, oil prices and new initiatives: How will domestic and regional, economic and geo-political developments impact Nigeria in 2020?
  • Debt sustainability and revenue mobilisation – how can Nigeria optimise domestic revenue collection and approach fundraising to achieve a balanced debt to GDP ratio?
  • Politics and oil prices: Will growth pick up off the back of rising oil prices and a new administration?
  • Assessing the effectiveness of the Economic Recovery and Growth Plan – assessing the impact of the programme and next steps
  • What does banking sector consolidation mean for credit growth, availability of credit and the health of the banking sector?
  • To what extent will the African continental Free Trade Agreement have a transformational effect on Nigeria and the continent as a whole?
Speakers
Session ends: 10:25
10:25
Successfully launching a capital market transaction: A step-by-step guide to issuing a bond
  • Why and how does the bond program meet a company’s objectives?
  • Execution and political and economic environment: How to position the business to both local and international investors
  • Why timing is key: How can issuance timetables be made more efficient? Are the costs and disclosure requirements prohibitive?
  • What is the role of the issuing house? What should issuers expect from them?
  • How do issuers develop relationships with investors e.g. non-deal roadshows, reporting, etc.?
  • How is pricing determined? How does the rating affect pricing? Is there a “new issuer premium”?
  • Working capital financing: Assessing the advantages and disadvantages of commercial paper
  • Islamic finance: Advantages vs. disadvantages of issuing sukuk
Speakers
Session ends: 11:10
11:10
Coffee & Networking Break
Session ends: 11:40
11:40
Investors perception of Nigerian credit - where are the opportunities?
  • Where does Nigeria sit within regional and global investors’ portfolios? Who are the largest buyers of Nigerian credit?
  • Convincing local institutional investors to take on additional credit risk: How can corporates fight against the flight to quality?
  • What can Nigerian companies do to make themselves more attractive to international investors?
  • Nigerian Banks – A main focus of global investors. What is the credit story there?
Speakers
Session ends: 12:25
12:25
Analysing the value of ESG beyond the hype: Why Environment, Social and Governance (ESG) is a core priority for 2020
  • Green bonds– comparable success stories and case studies: What are the lessons to be learned?
  • How are green bonds structured and sold? What are the legal and structuring cost implications?
  • Who are the buyers of green bonds? How does the process by which investors buy green bonds differ to the way they buy vanilla bonds?
  • Who can issue? What is required in terms of guidance and regulation to facilitate the issuance of green bonds?
  • Which sectors are well positioned to take advantage of this trending product
  • How to “green” your business: What practices can you embrace to make your business more sustainable?
  • How can Nigeria push the envelop to entrench concepts of sustainability, address the electricity supply gap, and create greater awareness of environmental issues?
  • Why must issuers focus on ESG scores to secure long-term sponsorship?
  • How to quantify and qualify benefits of ESG to issuers and fixed income investors
Speakers
Session ends: 13:10
13:10
Networking lunch
Session ends: 14:10
14:10
Funding Nigeria’s housing gap – what strategies are the public and private sector implementing to develop the sector?
  • What is the government’s national housing strategy?
  • What frameworks are being put in place to allow for PFAs to invest into the housing sector? What are the implications for market liquidity?
  • What new financing solutions are introduced to increase housing investment? How much appetite do lenders and investors have for them?
  • How are developers balancing high interest rates and production costs with supplying affordable housing?
  • How can the capital markets contribute towards bridging the housing gap?
Speakers
Session ends: 14:55
14:55
Spotlight on Nigeria’s energy and infrastructure sectors: Funding and risk management solutions for lenders, investors and developers
  • Commercial banks, DFIs, ECAs, investors: Who is funding Nigeria’s energy and infrastructure project pipelines? What types of projects are they looking to finance?
  • Managing long-term project risk: How much Nigerian project risk are lenders and investors ready to take on? How can they successfully protect their positions?
  • How does the involvement of local currency guarantors impact the funding of long-term projects?
  • Equity vs debt: What is the most cost-effective solution for funding Nigeria’s energy and infrastructure pipeline?
Speakers
Session ends: 15:40
15:40
Closing Remarks
Speakers
Session ends: 15:50