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Livestreamed
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OVERVIEW
COURSE SYLLABUS
COURSE DETAILS
TEST YOUR KNOWLEDGE
This livestreamed workshop aims to give compliance professionals an in-depth and thorough understanding of the practices that are involved in launching a deal in the international debt capital market.
It explains precisely how the deal is done, starting with first steps in the pre-launch process - looking at the pitch book, the mandate, the roadshow and the prospectus - through syndication, including book building and allocation, up to and including the final public launch of the issue.
At each point in the progress of the deal through to launch, the interaction of current regulation with the process is considered (including the Market Abuse Directive and the Prospectus Directive). The session is interactive, giving participants the opportunity to raise and discuss queries from their own experience.
An introductory session on the role and characteristics of the international bond market and the expectations of bond investors features in the seminar, as well as an explanation of the role and scope of the ICMA Primary Market Handbook, the internationally recognised guide to best practice in this area.
This workshop will be conducted over two morning sessions (BST/CEST) and is based on an interactive workshop approach incorporating trainer and peer-led discussion plus a Q&A session featuring ICMA’s Market Practice and Regulatory Policy team members.
This livestreamed workshop aims to give compliance professionals an in-depth and thorough understanding of the practices that are involved in launching a deal in the international debt capital market.
It explains precisely how the deal is done, starting with first steps in the pre-launch process - looking at the pitch book, the mandate, the roadshow and the prospectus - through syndication, including book building and allocation, up to and including the final public launch of the issue.
At each point in the progress of the deal through to launch, the interaction of current regulation with the process is considered (including the Market Abuse Directive and the Prospectus Directive). The session is interactive, giving participants the opportunity to raise and discuss queries from their own experience.
An introductory session on the role and characteristics of the international bond market and the expectations of bond investors features in the seminar, as well as an explanation of the role and scope of the ICMA Primary Market Handbook, the internationally recognised guide to best practice in this area.
This workshop will be conducted over two morning sessions (BST/CEST) and is based on an interactive workshop approach incorporating trainer and peer-led discussion plus a Q&A session featuring ICMA’s Market Practice and Regulatory Policy team members.
Course Outcomes
By completing the course you will be able to:
- Understand the process for appointment of the management group and th e key considerations for the Pitch Book and Mandate letter
- Explore MiFID II Regulation and the implications for the primary markets, including the role of the manufacturer and distributor and target market considerations
- Review requirements of the Prospectus Directive and Prospectus Regulation
- Understand the key steps involved in syndication, including pre-launch processes, announcement to launch and allocation to pricing
- Identify the challenges and risks involved in book building, including the management of order inflation, dealing with duplicate orders and the impact of time-zone differences in a global market
- Examine the requirements of the Market Abuse Directive and Market Abuse Regulation, as well as the obligations for the Syndicate banks and Issuers
- Consider the key ICMA guidelines and relevant FMSB Core Principles
- Examine Signing and Closing processes, including the role of the Fiscal Agent, Trustee, Common Depository, Clearing Systems and ‘bill and delivery’ manager
- Discuss the latest developments in the primary market, including the growth of the green, social and sustainability bond market, the impact of Brexit and the move from LIBOR to Risk Free Rates.
Day One: Pre-Launch Regulatory Environment
Session 1:
Session 2:
Session 3:
Session 4:
Session 1:
- Module 1: Mandate & Pre-Launch Considerations
- Module 2: Key Documentation & the Prospectus Regulation
- Module 3: Syndication Practice
- Trainer-led live stream webinar covering above topics
Session 2:
- ‘Panel discussion’ with an ICMA expert in Primary Markets incorporating:
- Brief overview of topics covered
- Trainer led Q&A session
Day Two: Deal Execution
Session 3:
- Module 4: Pre-marketing Considerations
- Module 5: Announcement to Launch
- Module 6: Allocation & Pricing
- Module 7: Signing & Closing
- Trainer-led livestream webinar covering above topics
Session 4:
- ‘Panel discussion’ with an ICMA expert incorporating:
- Brief overview of topics covered
- Trainer led Q&A session
Livestreamed course
ICMA courses and workshops are delivered via video conferencing accessed on our digital learning platform, using the most effective pedagogical approaches and incorporating interactive functions like virtual breakout rooms.
The "Bond Syndication for Compliance and Middle Office Professionals" live sessions are delivered in two 3.5 hour sessions over the course of two days. You will be given access to the course materials before the live sessions, and will have access to those for a total of six months. During these six months you will have the option to keep working through the course materials at your own pace.
Live sessions: March 29 and 30
14.30-18.00 CEST | Time Zone Converter
Livestreamed workshop fees
Members: EUR 690 + VAT (if applicable)
Non-members: EUR 900 + VAT (if applicable)
For security reasons, delegates who have not registered in advance will not be admitted to the live sessions.
Please note:
- All payments must be made in Euro.
- Invoices for single registrations are subject to an additional Euro 50 to cover administration costs*. No administration fee applies for invoices covering two or more registrations
Contact
Should you have any queries, please contact education@icmagroup.org.
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