Description
Introduction
Well-developed capital markets have played a role in financing the corporate sector, but increasingly they are being looked at as a mechanism tht can potentially help channel private sector funding to strategic sectors of the economy that face huge financing gaps, such as sovereign debt to finance economic recovery from the COVID-19 pandemic, sustainable city finance, public services such as hospitals, schools, housing, infrastructure, small and medium enterprises (SMEs), and climate change. Thus, it is important for stakeholders to have a common understanding of the drivers of capital markets development and potential sequencing issues, as well as on the impact that capital markets development could have on economic growth and financial stability.
Objectives
This introduction course provides a foundation to middle and senior management Banking professionals and government professionals in the principles of and development of bond market debt financing.
The aim is to provide participants an overview of the subject that equips them to interact with specialists or proceed to more in-depth studies.
Programme
A series of lectures with many examples, together with several case studies.
Session 1
- Overview of current global bond and capital markets (also the potential impact of the COVID-19 pandemic)
- How much liquidity is available from investors and what is its source
- Who is competing for the available liquidity on a global basis?
Session 2
- Steps to be followed in bond issuance...The work flow
- Involved parties
- Regulation
- The bond sales prospectus
Session 3
- Yield Curves
- Interest Rate Products
Fixed Fixed Rate
Floating Rate
Index-linked
Session 4
- Credit Risk and Credit Rating
- Political Risk Mitigation
Session 5
- Personal coaching (up to 30 minutes per participant)
Session 6
- Sovereign Bond Issuance
- Debt Management Concerns
- Sovereign credit spreads in domestic and international markets
- Opportunity cost of debt
Session 7
- The importance of a long maturity bond issuance programme
- Investor requirements
- Strategies for extending liquidity and maturity of LT sovereign debt
Target Audience
Representatives of investment & commercial banks, pension and insurance funds, equity funds, Ministry of Finance, central banks and other public authorities, who are responsible for raising and using sovereign debt funds.
Remark
The course is made of
6 sessions of 4 hours
a 30 minute one-to-one coaching session for each participant.
Modalities
Course Material
Please note that for environmental reasons no paper version of the training material will be provided for your training. The course material can be downloaded free of charge via your portal before the start of the course (download the Client Portal User’s Guide here ). You will be able to view it on the screen of your mobile device or print it if necessary. If your registration has been made by a training manager of your company please contact him/her so that he/she can give you access to it or send it to you.
Exam
No exam is available for this course.
Contact
For further questions please contact our partner in your country