Quick Find:
  • Events
  • ICMA India Primary Market Forum & Workshop
ICMA India Primary Market Forum & Workshop
 
Hosted by:

Date: 7 March 2019
Time: 09.30-15.30

09.30-14.00  Primary Market Forum
14.00-15.30  Primary Market Handbook workshop

Location: Mumbai 


Event Overview

The ICMA India Primary Market Forum & Workshop in Mumbai, hosted by YES Bank, brought together issuers, syndicate banks, investors and law firms to discuss developments in international and Indian primary debt markets with particular focus on bond market trends; new products and markets, documentation practices, and international regulatory issues.

The afternoon workshop featured a presentation and Q&A session on the ICMA Primary Market Handbook, which provides guidance and recommendations on the processes and documentation required for the issuance of international securities.

Supporting Partner



View photos of the event



Agenda 

     
09:30
 
  ICMA India Primary Market Forum
Registration, Tea & Coffee
10:00


  Welcome remarks
Rajat Monga, Sr. Group President Financial Markets, Transaction Banking & Digital and Technology Banking, YES Bank
10:05

  International primary markets – market practice and historical context
Ruari Ewing, Senior Director, Market Practice and Regulatory Policy, ICMA
10:20

  Green and Social Bonds: global market dynamics and best practices
Mushtaq Kapasi, Managing Director, Chief Representative, ICMA Asia Pacific, ICMA
10:30

















  Panel 1: Bond market trends: new products and markets

An overview of the international, Asian and Indian bond markets, covering the overall macroeconomic outlook, the rise in sustainable and ESG issuance and investing and the factors driving trends and market dynamics in offshore secondary bond markets. Specific consideration will be given to the performance and prospects for Masala Bonds and other Asia/local currency bonds (eg Panda/Formosa bonds) and Dollar bonds.

Moderator: Mushtaq Kapasi, Managing Director, Chief Representative, ICMA Asia Pacific, ICMA

Panellists:
  • David Rasquinha, Managing Director, Export-Import Bank of India
  • V. Srinivasa Rangan, Executive Director, HDFC Ltd
  • Ashish Malhotra, MD, Head, Capital Markets, APAC, Standard Chartered Bank
  • P. Rakesh, Group president II – Debt Capital Markets, YES Bank
11:30
  Coffee Break
11:50

















  Panel 2: Documentation practices and regulatory issues

The panel will look at the differences in regional practice relating to bond issuance between EMEA and Asia and the impact that global regulation (eg MiFID II and GDPR) has had on the new issue process and more specifically recent regulatory developments with respect to Masala bonds. Progress on benchmark rate reform and the transition from the IBORS to risk-free rates in different currencies and the implications for bond markets will be discussed, as will developments in the electronification of the primary market process.

Moderator: Ruari Ewing, Senior Director, Market Practice and Regulatory Policy, ICMA

Panellists:
  • David Cameron, Capital Markets Partner, Dorsey & Whitney
  • Gareth Deiner, Counsel, Capital Markets, Clifford Chance
  • Niloufer Lam, Partner, Banking, ZBA
  • Arun Mathew, Senior Vice President (Investment Banking Legal), Citigroup Global Markets India
12:50   Lunch
14:00
  Primary Market Handbook workshop
15:30
  Event Close