24th February 2021
Online

Multilateral Sponsor

ICD

Bronze Sponsor

Bezen & Partners

Bronze Sponsor

Fitch Ratings

Bronze Sponsor

UK Export Finance

Bronze Sponsor

Unsal Law Firm

Supporting Partner

British Chamber of Commerce in Turkey

Supporting Partner

Turkish Institutional Investment Managers Association

Bonds, Loans & Sukuk Turkey 2021 - Virtual Conference

There has never been a more important moment to bring together Turkey's borrowers, investors, bankers, policy makers and market practitioners to share knowledge, debate and network.

Turkey’s largest corporate and investment banking event will be held on our Bonds & Loans online platform in 2021, meaning you are able to connect with even more C-level decision-makers than you would at a physical conference in less time. The event is a unique opportunity to setup an unlimited number of virtual meetings with the 500+ senior government official, regulator, investor, banker and corporate attendees via our 1-2-1 networking platform; hear from the local and international markets’ leaders speaking on our panels; and showcase your market expertise by speaking alongside them.


This is the only event where you can...


KEY TOPICS

  • Macroeconomic outlook: Taking Turkey’s economic temperature post-health crisis and beyond
  • How to access the international markets despite slowing GDP, rising inflation and ratings pressure
  • Underwriting and syndicating loans in Turkey: Who is lending, at what price and on what terms?
  • Extend, refinance or restructure: How companies can continue to manage liabilities and repayment obligations through the pause in economic activity
  • Green, social and sustainable: Can ESG and SDG bonds offer an alternative route to access new pools of capital?
  • Local financing for local corporates: How much lira is there to go around?

HOW TO PARTICIPATE

Secure your place or sponsorship today to re-connect, learn and network with Turkey's credit markets elite and promote your business to 500+ senior executives.

> Register your virtual delegate place
> Participate as a speaker or sponsor
> Enquiries


Bonds, Loans & Sukuk Turkey 2021 Virtual Conference Agenda

Macroeconomic outlook: Taking Turkey’s economic temperature post-health crisis and beyond

Wed 24th Feb 2021, 6:00am (Europe/London)

  • Geopolitics and the economy: Analysing the new relationships with US and Europe, and their impact on trade and FDI
  • Turkey’s monetary policy and its impact on growth rates, inflation, TRY/US and international investor sentiment
  • How does Turkey fight rising inflation: Rate hikes or FDI/IMF support? What are the consequences for the wider economy of each?
  • Cyclical vs. structural: What are the short-term cyclical pressures caused by COVID-19? And what are the long-term structural shifts uprooted by the pandemic and have changed the trajectory of Turkey’s economy?

Speakers

Murat Ucer

Murat Ucer

Murat Ucer

Economist at Global Source Partners

Murat Üçer serves as Global Source's consultant in Turkey, is co-founder of Turkey Data Monitor, and a senior lecturer at Koç and Bosphorus Universities in Istanbul. As a consultant, he provides macroeconomic expertise to commercial banks, multinational corporations and public sector organizations, and gives training programs and seminars on the Turkish as well as global macroeconomic developments. Formerly, he worked as an economist at the Institute of International Finance, Credit Suisse, and the International Monetary Fund and was an advisor to the Minister of Treasury at the Turkish Treasury in 2001 and the Governor of the Central Bank of Turkey in 1997. Mr. Üçer received his B.A. and Ph.D. in Economics from Boğazici University and Boston College, respectively, and has authored several articles on the Turkish economy, including a book on the 2001 Turkish crisis.

Global Source Partners

Tim Ash

Tim Ash

Emerging Market Sovereign Strategist

BlueBay Asset Management

Tim Ash

Tim Ash

Emerging Market Sovereign Strategist at BlueBay Asset Management

Tim is currently an emerging market sovereign strategist at BlueBay Asset Management, working in the emerging market debt team. Tim was previously Head of CEEMEA Credit Strategy at Nomura. He has also previously held positions as Head of EM Research at ICBC-Standard Bank, Royal Bank of Scotland and Bear Sterns.

BlueBay Asset Management

How to access the international markets despite slowing GDP, rising inflation and ratings pressure

Wed 24th Feb 2021, 6:45am (Europe/London)

  • Where do investors see value in the Turkish credit markets? Who can access the market and at what price?
  • How can/have corporates successfully issued despite the challenging economic backdrop and pressure on ratings?
  • Ratings landscape and regulations on foreign currency: What are the obstacles for bank issuers to access the markets?
  • Can Turkey’s project sponsors sell bonds to international investors to refinance their project finance loans?
  • Out with the old and in with the new (benchmarks): How has a changed macroeconomic landscape trickled down into pricing, spread, duration? What does the new normal for Turkish issuers look like?

Speakers

Ashwinder Singh Bakhshi

Ashwinder Singh Bakhshi

Director, Financial Sector

Barings

Ashwinder Singh Bakhshi

Ashwinder Singh Bakhshi

Director, Financial Sector at Barings

Barings

James Sadler

James Sadler

Head of MENA Debt Capital Markets

BofA Securities

James Sadler

James Sadler

Head of MENA Debt Capital Markets at BofA Securities

James Sadler is Head of Debt Financing Origination for the MENAT region at Bank of America Merrill Lynch. He has more than 14 years' experience in originating and executing financing transactions for corporates, sovereigns and banks in the CEEMEA region, having previously focused on hybrid and regulatory capital instruments for European issuers. He has recently executed financings for the Abu Dhabi and Qatar sovereigns, Mubadala, First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates NBD, Damac, and QNB. James joined BofAML in August 2015, having previously worked at BNP Paribas in Bahrain and UBS in London. He holds an MA in Philosophy, Politics & Economics from Oxford University.

For more than 200 years, Bank of America has been helping people around the world connect with what matters most to them. The company is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

Bank of America Merrill Lynch is the marketing name for the Global Banking and Markets businesses. Combining local knowledge and global expertise, the company offers products and services across Global Corporate and Investment Banking and Global Markets. In Europe, the Middle East and Africa Bank of America Merrill Lynch has offices in 21 countries across three continents serving the needs of corporate, institutional and government clients.

BofA Securities

James Sadler

At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News) and LinkedIn (@BofA_Business )

Green, social and sustainable: Can ESG and SDG bonds offer an alternative route to access new pools of capital?

Wed 24th Feb 2021, 7:30am (Europe/London)

  • Greenium effect: Is there more liquidity coming into deals that are SDG-linked or Green?
  • How “green” does green need to be? How “sustainable” does sustainable mean? What do issuers need to do to successfully tap into the Green, ESG and SDG-linked pool of liquidity?
  • How much more work is it for institutions to meet ESG criteria of investors? What are the first steps for institutions that are from less environmentally-friendly industries and sectors?

Speakers

Paul Lund

Paul Lund

Senior Director, Head of EMEA Industrials

Fitch Ratings

Paul Lund

Paul Lund

Senior Director, Head of EMEA Industrials at Fitch Ratings

Paul Lund was appointed Head of Fitch’s Industrial Ratings group for Europe, the Middle East and Africa, in April of 2016. He is ultimately responsible for ratings in a diverse portfolio including automotive, manufacturing, aerospace and defence, packaging, building materials, and construction companies.

Paul has an extensive experience in credit ratings, having joined Standard & Poor’s in 1998, and a subsequent spell at Moody’s, before joining Fitch Ratings in 2014, covering a wide variety of industries and financing structures.

Paul graduated from the University of Liverpool with a B.Eng (Honors) in Mechanical Engineering and Industrial Management.

Fitch Ratings

Paul Lund

Fitch Ratings is a leading provider of credit ratings, commentary, and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective, and insights we provide help investors to make important credit judgments with confidence.

Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

For additional information, please visit fitchratings.com.

LinkedIn Page: www.linkedin.com/company/fitch-ratings

Ayman Sejiny

Ayman Sejiny

Ayman Sejiny

Chief Executive Officer at Islamic Corporation for the Development of the Private Sector (ICD)

Mr. Ayman Amin Sejiny is the CEO of the Islamic Corporation for the Development of the private sector (ICD), the private sector arm of Islamic Development bank Group. Mr Ayman is highly accomplished financial industry leader. He served as Chief Executive Officer of Ibdar Bank BSC, Bank Alkhair, Barclays Capital Saudi Arabia and as the Chairman of Open-Silicon, Inc and Bahrain Financing Company Group as well as a Board member of Unicorn Bahrain. Mr. Sejiny has in-depth knowledge and more than 24 years’ experience in investment and corporate banking in the local, regional and international markets. He held a senior role in a number of regional and international financial institutions, including Citi Bank and ABN AMRO affiliate in Saudi Arabia (Saudi American Bank “SAMBA” and Saudi Hollandi Bank). Mr. Sejiny is Board and C-Level performer with vast experience in innovating financial processes and products. Mr Ayman holds a BA in Finance from Eastern Michigan University, United States.

Islamic Corporation for the Development of the Private Sector (ICD)

Salima Lamdouar

Salima Lamdouar

Salima Lamdouar

VP Thematic Credit at Alliance Bernstein

Salima Lamdouar is a Vice President and a member of AB’s Portfolio Management Group, focusing on thematic credit strategies. Before joining the firm in 2015, she was a generalist portfolio manager at Rogge Global Partners. Salima holds a BSc (Hons) in banking and international finance from Cass Business School. Location: London

Alliance Bernstein

Extend, refinance or restructure: How companies can continue to manage liabilities and repayment obligations through the pause in economic activity

Wed 24th Feb 2021, 8:15am (Europe/London)

  • Should corporates restructure today with a one-time solution, extend for six months in the hope of improved credit conditions, or look to refinance?
  • Projects put on hold by COVID: Force majeure? Renegotiate? Repayment extension? What is the cost of refinancing in today’s market versus the all-in cost of delaying and waiting 12 months?
  • Has the health pandemic caused a short-term cyclical slowdown in activity or a permanent structural shift? How do the options (restructuring, extending or refinancing) vary depending on sector?
  • Financing and refinancing through the current FX volatility

Underwriting and syndicating loans in Turkey: Who is lending, at what price and on what terms?

Wed 24th Feb 2021, 9:00am (Europe/London)

  • What are international banks’ approach to lending in Turkey? Who can borrow and at what price?
  • New deals, new liquidity: Which banks are active in the market? How are banks becoming more selective?
  • Liquidity and cost of funding: How much are Turkish banks able to lend in US dollars and euros? What is the cost of those dollars and euros? At what price can they lend to customers in dollars and euros?
  • Buy government bonds vs. lending to the local markets: Are banks’ properly incentivised to lend to the Turkish market?

Speakers

Osman Yilmaz

Osman Yilmaz

Chief Financial Officer

Turkcell

Osman Yilmaz

Osman Yilmaz

Chief Financial Officer at Turkcell

Osman Yılmaz is Group Chief Financial Officer at Turkcell, the leading converged Communications and Technology services company in Turkey. Osman has a diverse professional experience, which spans from Treasury Management, Portfolio Management and Structured Derivatives. Before Turkcell, he was head of fixed income and multi asset funds at HSBC Global Asset Management, where he spent over 8 years. He holds a BSc in Economics & Management from London School of Economics, MSc in Financial Engineering from Boğaziçi University and a PhD in Mathematical Finance from Ozyegin University.

Turkcell

Eric Zimny

Eric Zimny

Managing Director, Head of CEEMEA Origination

SMBC

Eric Zimny

Eric Zimny

Managing Director, Head of CEEMEA Origination at SMBC

With over 25 years of Loan and Debt Capital Market experience, Eric is a Managing Director and Head of CEEMEA Origination, Loan Capital Markets, at SMBCE responsible for the origination and structuring of loans for corporates and financial institutions across the full regional and borrower spectrum. Before joining SMBC in 2011, he was employed at Commerzbank New York, Frankfurt and London, where he held various head positions including loans and bonds origination. Eric is a certified Attorney at Law and has worked as such in Germany and the US. Eric is also a member of a group of authors that triennially publish a practical textbook on syndicated lending for borrowers, banking professionals, lawyers and auditors in German language

SMBC

Eric Zimny

With over four centuries of history and rooted in the stability of Japan and growth of Asia, SMBC Group reaches out around the world to provide the advice, connections and support that create value. Our customers in Africa and MENA choose SMBC Group because we offer local knowledge and global expertise.

With one of the most extensive domestic and international branch networks of any Japanese bank, SMBC Group uses the strength of its extensive footprint with powerful capabilities in loan and debt capital markets, project and trade finance, and a wide range of other financial services to deliver customer-focused, integrated solutions.

African & MENA customers benefit from SMBC Group's position as a world leader in loan capital markets bookrunning and arranging of loan facilities, including structuring, pricing, advising, executing and distribution of syndicated loans. A specialist debt capital markets team can provide expert advice and execution in core markets for public and private bond issuance, and offer issuers with guidance through the process from structuring, documentation and legal requirements, to execution of relevant funding solutions and investor relations. Particular focus is dedicated to corporate and structured finance and emerging market benchmark transactions for distribution to an international investor audience.

Local financing for local corporates: How much lira is there to go around?

Wed 24th Feb 2021, 9:45am (Europe/London)

  • How is TRY volatility impacting TRY bank deposits and TRY bond market liquidity?
  • What are the incentives for banks and IFIs to lend to the market versus buying Turkish government bonds?
  • Borrowing locally in the loan, bond or sukuk market: What price, structure, maturity, spread?