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Capital markets strategies in the new normal: Managing FX volatility, rating downgrades, and access to markets

Broadcast on Nov 24, 2020 from Livestream: Bonds, Loans & Sukuk Africa 2020 - Virtual Conference

Strategic Partner

National Treasury, Republic of South Africa

Platinum Sponsor

Absa

Platinum Sponsor

Africa Finance Corporation

Platinum Sponsor

Standard Bank

Gold Sponsor

African Export-Import Bank (Afrexim)

Gold Sponsor

MUFG

Gold Sponsor

SMBC

WAEMU Sponsor

Agence UMOA-Titres

Silver Sponsor

Development Bank of Southern Africa

Silver Sponsor

Emirates NBD

Silver Sponsor

Rand Merchant Bank (RMB)

Bronze Sponsor

African Trade Insurance Agency

Bronze Sponsor

Fitch Ratings

Bronze Sponsor

GCR Ratings

Bronze Sponsor

KFW DEG

Subscribe for access:

  • How do African treasury and funding teams interpret ongoing FX volatility? How will this impact their access to the bonds and loans markets into 2021?
  • Assessing corporate funding methods pre and post pandemic: How do treasurers now view capital structures?
  • How can borrowers optimise balance sheets whilst maintaining a stable liquidity position?
  • Eurobonds, private placements: Understanding the diversified funding options available to African borrowers

Moderator

Neville Mandimika

Neville Mandimika

Economist and Fixed Income Analyst

Rand Merchant Bank (RMB)

Neville Mandimika

Neville Mandimika

Economist and Fixed Income Analyst at Rand Merchant Bank (RMB)

Rand Merchant Bank (RMB)

Neville Mandimika

RMB at a glance

Rand Merchant Bank (RMB) is a leading African Corporate and Investment Bank and part of one of the largest financial services groups (by market capitalisation) in Africa – FirstRand Bank Limited. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions.

At RMB we are passionate about solving problems for our clients by seeking solutions beyond the obvious. We are innovative in our thinking and turn challenges into opportunities. We call ourselves Solutionist Thinkers who deliver on Traditional values. Innovative ideas.

Our ability to think differently, our collaborative spirit, our client-centric approach and our belief that great minds don’t always have to think alike, is what sets us apart from our competitors. The emerging and necessary focus on ESG as a tool for capital allocation will lead to more effective and efficient capital markets when principles are adopted by stakeholders. RMB continues to embed ESG principles into our frameworks so that we can deliver relevant solutions that are valued by our clients in the markets in which we operate.

As the Corporate and Investment arm of FirstRand Bank Limited (which is wholly-owned by FirstRand Limited), we have access to a network of retail banks in 25 African countries, including representative offices and branches in the UK, India and China.

For more information please visit: www.rmb.co.za

Speakers

Siyabonga Shange

Siyabonga Shange

Treasury Manager

SANRAL

Siyabonga Shange

Siyabonga Shange

Treasury Manager at SANRAL

Siyabonga is the newly appointed Treasury manager of the South African National Roads Agency (SANRAL).

SANRALS’s mandate is to finance, improve, manage and maintain the national road network (the “economic arteries” of South Africa).

Siyabonga is very familiar with the domestic and international financial capital markets, having worked at the National Treasury for approximately 9 years.

His last role at the National Treasury he was the director of debt issuance where he managed the issuance programme for national government.

He oversaw one of Africa largest dual tranche euro bond placement totaling USD 5 billion and recently the borrowing from development institutions like the NDB and the AfDB.

SANRAL

Trang Nguyen

Trang Nguyen

Director, Debt Capital Markets

SMBC Nikko Capital Markets Limited

Trang Nguyen

Trang Nguyen

Director, Debt Capital Markets at SMBC Nikko Capital Markets Limited

Trang heads the South African, UK and Benelux coverage in the Debt Capital Markets team at SMBC Nikko. With over 13 years of banking experience, she has executed numerous capital markets transactions across various sectors, currencies, jurisdictions and structures. She holds a BA degree (Distinction) from Connecticut College, USA, and an MBA from Hitotsubashi University, Japan. Trang is also a CFA charterholder.

SMBC Nikko Capital Markets Limited

Manjit Dhillon

Manjit Dhillon

Head of Corporate Finance,

Helios Towers

Manjit Dhillon

Manjit Dhillon

Head of Corporate Finance, at Helios Towers

Manjit Dhillon was appointed as Interim CFO in July 2020 and Head of Investor Relations and Corporate Finance in October 2019. Prior to joining Helios Towers, Manjit held a number of positions in the financial services sector including at Goldman Sachs, Deloitte and Lyceum Capital. He is a qualified Chartered Accountant of the Institute of Chartered Accountants of England and Wales.

Helios Towers

Tommaso Ponsele

Tommaso Ponsele

Managing Director - Emerging Market Debt

Citi

Tommaso Ponsele

Tommaso Ponsele

Managing Director - Emerging Market Debt at Citi

Tommaso is a Managing Director in Citi’s Debt Capital Markets team, and is responsible for our debt business in particular in Turkey, South Africa & SSA as well Israel – having previously focused on Russia/CEE and the Middle Eastern region. ​

Over the past 15 years Tommaso has advised a broad range of corporates, financial institution and sovereigns on debt capital raising and liability management. His experience spans across the rating spectrum (IG and HY) and includes episodic acquisition and project-related financing, regulatory capital raising for banks as well as general corporate or budgetary funding activity. ​

Tommaso has worked on 200+ bond market financings overall. In the recent past his activity has included South Africa’s US$5bn multi tranche bond, several bond offerings for Prosus and Naspers in both EUR and US$, Gold Field’s Reg S/144A dual tranche bond, Sasol’s SEC-registered US$2bn return to bond markets and the financing of Sibanye’s US$2.7bn acquisition of Stillwater in 2017. ​

Over the past 10+years, Citi has consistently been the top-ranked bond house in CEEMEA DCM and in the regions Tommaso is responsible for. ​

Education: ​

London Business School – Masters in Finance​

Edinburgh University – Masters in Economics and Economics History ​

Citi

Tommaso Ponsele
Deepen Jhina

Deepen Jhina

General Manager, Capital, Investment & Funding,

MTN Group

Deepen Jhina

Deepen Jhina

General Manager, Capital, Investment & Funding, at MTN Group

Deepen is the General Manager for Capital, Investment & Funding at MTN Group Limited, based in Johannesburg. MTN is a pure-play emerging markets mobile telecommunications operator at the forefront of technological and digital changes. MTN is active in over 20 countries, has in excess of 250 million active subscribers and is listed on the Johannesburg Stock Exchange. Deepen has been with MTN for 12 years across general management and finance roles. Prior to MTN, he worked with institutions such as Absa and EY in M&A and corporate finance roles. He is a qualified Chartered Accountant.

During his career, he has concluded a multitude of transactions in local and international debt and capital markets; some of which include syndicated loans, export credit backed financings, DFI financing, Eurobonds and preference share funding amongst others. His experience encompasses dealing with a variety of markets including more challenging jurisdictions in Africa and the Middle East. He has concluded transactions in Cote d’ Ivoire, Cameroon, Ghana, Uganda, Nigeria, South Africa and Afghanistan to name a few.

MTN Group

Deepen Jhina

Strategic Partner

National Treasury, Republic of South Africa

Platinum Sponsors

Absa Africa Finance Corporation Standard Bank

Gold Sponsors

African Export-Import Bank (Afrexim) MUFG SMBC

WAEMU Sponsor

Agence UMOA-Titres

Silver Sponsors

Development Bank of Southern Africa Emirates NBD Rand Merchant Bank (RMB)

Bronze Sponsors

African Trade Insurance Agency Fitch Ratings GCR Ratings KFW DEG