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How to structure, package and distribute sub-investment grade bonds to local and international buyers

Broadcast on Dec 3, 2020 from Livestream: Bonds & Loans Latin America 2020 - Virtual Conference

Gold Sponsor

Fitch Ratings

Gold Sponsor

HSBC

Gold Sponsor

ING

Gold Sponsor

Mizuho

Gold Sponsor

SMBC

ESG Sponsor

Banco Sabadell

ESG Sponsor

BBVA

ESG Sponsor

Crédit Agricole CIB

Latin America Sponsor

Itau BBA

Silver Sponsor

Cervantes Sainz

Silver Sponsor

Moody's Investors Service

Silver Sponsor

S&P Global Ratings

Silver Sponsor

Vigeo Eiris

Silver Sponsor

Winston & Strawn

Bronze Sponsor

Brigard Urrutia

Bronze Sponsor

Holland and Knight

Bronze Sponsor

PCR Verum

Bronze Sponsor

Santos Neto

Bronze Sponsor

UK Export Finance

Subscribe for access:

  • Project vs. vanilla vs. infrastructure: What is the optimal size, price and structure for a bond in a sub investment grade environment?
  • Distressed assets vs. senior unsecured debt: How are investors pricing different lending options across the Andean region? How does this impact the way a bond is structured?
  • How do higher priced portfolios and lack of access to capital impact how international investors price Colombian credit?
Latin America

Moderator

Juan Sebastián Restrepo

Juan Sebastián Restrepo

Head of Investments, AFP/Insurance & Product Innovation

Skandia

Juan Sebastián Restrepo

Juan Sebastián Restrepo

Head of Investments, AFP/Insurance & Product Innovation at Skandia

Mr. Restrepo is the Head of Investments of Skandia AFP Colombia, where he is responsible for the Pension Fund & Insurance company multi-asset allocation with over USD 7 billion assets under management. Prior to this role, Juan was a Senior Portfolio Manager, head of global fixed income and alternative assets. He has over 14 years of investment industry experience.

Prior to joining Skandia, Juan spent six years as a portfolio manager at Porvenir AFP responsible for managing and trading public and corporate debt portfolios with over US$ 7 billion assets under management. He also worked at Grupo Santander Asset Management as a fixed income trader. Juan holds a B.Sc in Business Administration from the Colegio de Estudios Superiores en Administración CESA and is 2019 level III candidate in the CFA Program.

Skandia

Speakers

Paul Bringas

Paul Bringas

Chief Financial Officer

COFIDE

Paul Bringas

Paul Bringas

Chief Financial Officer at COFIDE

Education:

  • Degree in Economics from Universidad Catolica del Peru, Peru
  • MBA in Finance from New York University Stern School of Business
  • CFA Charterholder

Professional experience:

  • Chief Financial Officer at COFIDE (2019-present)
  • Professor of Finance at Universidad Catolica del Peru (2016-present)
  • Head of Investments at Interseguros / IFS (2017-2019)
  • Director at Moody’s Local (2015-2017)
  • Head of Credit and Market Risk at CAF (2007-2015)

COFIDE

Luis Gabriel Morcillo

Luis Gabriel Morcillo

Luis Gabriel Morcillo

Partner at Brigard Urrutia

Luis Gabriel is a Partner of the Capital Markets, Securities & Private Equity and Corporate/M&A Practice Groups. He focuses his practice on securities offerings, including both equity and debt offerings in the Colombian Stock Exchange, the New York Stock Exchange, and under 144A and Reg S rules. He has been involved in many of the largest securities offerings out of Colombia, including landmark offerings such as the first double-listed issuer, the first ETF and the first simultaneous offering made both in Colombia and in international markets. He frequently advises clients on Private Equity matters, including fund formation, fund raising and the implementation of investment policies for companies and projects in a cross-border basis, being a recognised leader on the development of the Colombian private equity industry. He also advises several national and foreign financial entities in financial services, corporate governance and securities regulations. In addition, he has advised national and foreign clients on M&A transactions (both for listed and privately held companies). He has recently focused some extracurricular activities in fostering the venture capital and entrepreneurs’ ecosystem and in developing social impact investment funds in Colombia.

Mr. Morcillo is a graduate of the School of Law of Universidad de Los Andes, with additional diplomas in History and Economics from the same university. He also earned an LL.M at University College London (UCL), where he was awarded the academic excellence Joseph Hume Scholarship. He attended Negotiation courses at Harvard Law School and was awarded a Diploma in Private Equity from Oxford University. He worked as a international associate in Hogan Lovells LLP, also in the ICC International Court of Arbitration in Paris, he began his career at the Superintendence of Finance of Colombia.

Mr. Morcillo regularly participates in presentations and conferences about private equity and capital markets, and is a regular lecturer at Universidad del Rosario, Universidad de Los Andes and CESA Business School in Colombia. Formerly, he was an assistant professor teaching Public Finance at Universidad de Los Andes.

Brigard Urrutia

Luis Gabriel Morcillo
Gabriel Sibony

Gabriel Sibony

Debt Capital Markets, Latin America Global Banking

HSBC

Gabriel Sibony

Gabriel Sibony

Debt Capital Markets, Latin America Global Banking at HSBC

Gabriel joined HSBC in September 2013 and is currently a Vice-President in the Latin America Debt Capital Markets team. His focus is on the origination efforts of new issue and liability management transactions across the Andean and Central American regions as well as with the multilateral development banks. He has worked with sovereign, quasi-sovereign, corporate, financial and project issuers across the credit spectrum.

Prior to joining HSBC, Gabriel worked at NuVerse Advisors LLC, a multi-strategy investment fund, as an analyst in emerging market debt. Gabriel holds a BBA from the University of Georgia (Summa Cum Laude with Highest Honours), an MBA from the University of Chicago Booth School of Business and is fluent in English and Spanish

HSBC

Gabriel Sibony

HSBC is one of the world’s largest banking and financial services organisations. Our global businesses serve more than 40 million customers worldwide through a network that covers 64 countries and territories.

Our customers range from individual savers and investors to some of the world’s biggest companies, governments and international organisations. We aim to connect them to opportunities and help them to achieve their ambitions.

The products and services we offer vary widely according to customers’ needs. We provide individuals and families with mortgages that help them buy their own home, as well as savings accounts and wealth management products that help them plan for the future.

We offer businesses loans to invest in growth, and products such as foreign exchange and trade financing that enable them to expand internationally. And for large companies and organisations operating across borders, we offer tailored advice on decisions such as financing major projects, issuing debt or making acquisitions.

Mauricio Fernandez

Mauricio Fernandez

Vice President, Debt Capital Markets

Itau BBA

Mauricio Fernandez

Mauricio Fernandez

Vice President, Debt Capital Markets at Itau BBA

Mr. Fernandez joined Itaú BBA in 2013 to focus on originating, structuring and distributing bond financings for Andean region issuers. Prior to joining Itaú’s team, he worked at Credit Suisse in New York in the LatAm Debt Capital Markets team. Mr. Fernandez also acquired more than 2 years of experience in structuring solutions for risk control and infrastructure protection in the Andean region while working as a relationship manager for Swiss Re in New York. Mr. Fernandez Holds a B.S. In Industrial Engineering from the Universidad de los Andes in Bogota and an MBA from the Stern School of School of Business at New York University.

Itau BBA

Mauricio Fernandez