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(L)IBOR transition: What are the new benchmark rates, what are the hedging structures and what is the impact on debt pricing?

Broadcast on Sep 14, 2021 from Livestream: Bonds, Loans & Sukuk Middle East 2021

Platinum Sponsor

Emirates NBD

Platinum Sponsor

First Abu Dhabi Bank (FAB)

Gold & Networking Sponsor

Mashreqbank

Gold Sponsor

Abu Dhabi Commercial Bank (ADCB)

Gold Sponsor

Abu Dhabi Islamic Bank

Gold Sponsor

BofA Securities

Gold Sponsor

GIB Capital

Gold Sponsor

SMBC

Gold Sponsor

Standard Chartered

Lunch Sponsor

MUFG

Silver Sponsor

Citi

Silver Sponsor

Crédit Agricole CIB

Silver Sponsor

Intesa Sanpaolo

Silver Sponsor

Mauritius Commercial Bank (MCB)

Silver Sponsor

Moody's Investors Service

Silver Sponsor

Rawabi Holding

Silver Sponsor

White & Case

Bronze Sponsor

SHUAA Capital

Bronze Sponsor

Akin Gump Strauss Hauer & Feld LLP

Bronze Sponsor

Arqaam

Bronze Sponsor

Bank of Jordan

Bronze Sponsor

Bank of Sharjah

Bronze Sponsor

Barclays

Bronze Sponsor

Capital Markets Malaysia

Bronze Sponsor

DWF

Bronze Sponsor

FIM Partners

Bronze Sponsor

Finsight

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Fitch Ratings

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London Stock Exchange

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Maybank Islamic

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Morgan Lewis

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NetRoadshow

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S&P Global

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Squire Patton Boggs

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TMF Group

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UK Export Finance

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United Arab Bank

Supporting Partner

AlHuda CIBE

Supporting Partner

IsFin
  • How can banks help clients to update their systems for LIBOR transition? How can banks help their clients to be more transparent with reporting?
  • What are the hedging structures based on the new benchmark rates?
  • What are the new risk-free rates? Do they work? Are they worth it? Are they risk-free?
  • What is the impact to bond and loan pricing?
  • What are the consequences and risks for inaction?
Middle East

Moderator

Audoin de Laromiguiere

Audoin de Laromiguiere

Managing Director, Head of Solutions Middle East, North Africa & Turkey, Global Markets Solutions & Financing, Corporate & Investment Banking Division

Intesa Sanpaolo

Audoin de Laromiguiere

Audoin de Laromiguiere

Managing Director, Head of Solutions Middle East, North Africa & Turkey, Global Markets Solutions & Financing, Corporate & Investment Banking Division at Intesa Sanpaolo

Audoin de Laromiguiere (MEAT Corporate Risk Solutions) joined Intesa Sanpaolo in 2013 and, after 8 years in Milan, has just moved back to Dubai. He provides derivatives solutions on FX, Interest Rates, Commodities, Equity and Credit to corporates, financial institutions and sovereign wealth funds in the region.

Audoin started his career in Credit Agricole Indosuez in Milan in 1997, where he held various roles in FX, IR and Equity Structuring & Sales, covering the Italian market. In 2002, Audoin moved to Bahrain where he handled the MENA-Turkey corporate and Financial Institutions client base as a structurer for Credit Agricole Indosuez. In 2005, Audoin joined Barclays Capital in London, as a derivatives sales for the MENA region. He became the Head of the Risk Solutions Group for the MENA region a year later. After having been relocated to Dubai in 2008, he held that role until 2013 when he joined Banca Imi.

Audoin speaks fluent French, English and Italian, in addition to some Arabic, and graduated from HEC Paris, major in Finance.

Intesa Sanpaolo

Audoin de Laromiguiere

Intesa Sanpaolo Group is one of the top banking groups in Europe, with a market capitalisation of 27,6 billion euro (1) and is committed to supporting the economy in the countries in which it operates.

Intesa Sanpaolo aims at becoming a reference model in terms of sustainability and social and cultural responsibility.
Intesa Sanpaolo is the leader in Italy in all business areas (retail, corporate, and wealth management) and it has also a strategic international presence, with approximately 1,000 branches and 7.2 million customers, comprising subsidiaries banks operating in commercial banking in 12 countries and an international network of specialists in support of corporate customers across 26 countries.

The IMI Corporate & Investment Banking Division is part of Intesa Sanpaolo Group.

This Division aspires to be a global partner serving Corporates, Public Finance and Financial Institutions, on a national and international basis, standing out for its historical presence in the financial markets and its extensive and innovative offer, in order to provide its clients with the best risk management advice and to accompany them in their development through change.

The IMI Corporate and Investment Banking Division’s offer includes the following products and services: Commercial Banking, Transaction Banking, Structured Finance, Investment Banking and Capital Markets.

(1) As at 30/10/2020

Linkedin URL: https://www.linkedin.com/compa...

Speakers

Fathima Lijiya

Fathima Lijiya

Managing Director, Head of MEA Loan Capital Markets – Global Corporate Finance

First Abu Dhabi Bank (FAB)

Fathima Lijiya

Fathima Lijiya

Managing Director, Head of MEA Loan Capital Markets – Global Corporate Finance at First Abu Dhabi Bank (FAB)

Lijiya comes with more than 18 years of Debt Market experience. She holds an MBA in Finance & Marketing and has been a core deal team member in various Structured & Project Finance deals in the UAE. She joined FGB in 2006 and prior to that she was with HSBC CIBM and was dealing with regional deals and transactions in various sectors along with providing coverage of strategic customers. Lijiya is a key deal team member in many of the large Debt Market syndicated transactions in the region which involved structuring, negotiation of terms and execution of deals where she has led the deal team that acted in the senior capacity of Debt Advisor, Initial Mandated Lead Arrangers, Coordinating Bank and Book running roles for Corporate, Acquisition Finance, FI/NBFI deals, Leverage finance, Project and Structured Finance, Asset Backed financing, Hybrid facility structures etc. Currently she is the Managing Director & Head of Syndication Finance, Loan Capital Markets under the Global Corporate Finance with FAB which addresses the flow business from Corporates, GRE’s, Sovereigns, NBFI’s and FI’s.

First Abu Dhabi Bank (FAB)

Fathima Lijiya

About First Abu Dhabi Bank (FAB)

FAB, the UAE’s largest bank and one of the world’s largest and safest institutions, offers an extensive range of tailor-made solutions, products and services to its customers. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.

Headquartered in Abu Dhabi, the bank’s international network spans five continents, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad.

With total assets of AED 955 Billion (USD 260 Billion) as of September-end 2020, FAB is rated Aa3/AA-/AA- by Moody’s, S&P and Fitch, respectively, the strongest combined ratings of any bank in the MENA region.

The Bank has been ranked by Global Finance as the Safest Bank in the UAE and the Middle East, and the 32nd Safest Bank globally.

To empower its customers and clients to Grow Stronger, FAB initiated a powerful movement, which goes beyond banking. The Grow Stronger movement represents the bank’s promise to support its stakeholders’ goals and growth ambitions, providing ideas, tools and expertise to help them become stronger, today and in the future.

For further information, visit: www.bankfab.com

LinkedIn page: https://www.linkedin.com/compa...

Rohit Mishra

Rohit Mishra

Senior Director, Structuring & Leveraged Finance, Investment Banking

Mashreqbank

Rohit Mishra

Rohit Mishra

Senior Director, Structuring & Leveraged Finance, Investment Banking at Mashreqbank

Rohit has 13 years of experience in banking and financial services across MENA, India, North America & North Africa, with a primary focus on structured & acquisition finance. Rohit has worked across multiple sectors, including Oil & Gas, Manufacturing, Shipping, Trading, GREs, etc.

Rohit manages the Leveraged & Acquisition Finance (LAF) desk under the Investment Banking business of Mashreq Bank. LAF is responsible for structuring, negotiating & executing multibank mandates run by Mashreq Bank across EMEA & Asia.

Before joining Mashreq, Rohit was working in the Debt Syndications & Capital Market Advisory vertical of one of the largest NBFCs of India. Rohit has also spent 3 years in the Corporate & Investment Banking vertical of Essar Group.

Rohit is a mechanical engineer from IIT Delhi, India, and an MBA from IIM Indore, India

Mashreqbank

Rohit Mishra

One of the UAE’s best performing banks for five decades, Mashreq is a leading financial institution with an expanding footprint across the Middle East. We have international offices in Europe, Asia, Africa and the US, and a strong presence in the financial capitals of the world.

As the oldest bank in the UAE, our journey can be traced back to humble beginnings in 1967, followed by periods of rapid growth and strategic expansion. Throughout our history, Mashreq has differentiated itself by pioneering new-to-market concepts and launching unique products and services.

Our innovative approach sets us truly apart, it also continues to win us numerous awards and accolades across all fields including digital banking, the most recent were: Middle East Best Digital Bank by Euromoney Regional Awards for Excellence, the Most Innovative Consumer/Corporate Digital Bank in the UAE and Best Bank in the UAE by World's Best Bank Awards by Global Finance, Most Innovative Bank in the Middle East by EMEA Finance and many others.

LinkedIn URL - https://www.linkedin.com/company/mashreq-corporate-and-investment-banking-group

Umera Ali

Umera Ali

Partner, Head of Banking & Finance (Middle East) and Global Head of Islamic Finance

DWF (Middle East) LLP

Umera Ali

Umera Ali

Partner, Head of Banking & Finance (Middle East) and Global Head of Islamic Finance at DWF (Middle East) LLP

Umera Ali is a banking & finance partner at DWF Middle East advising on both conventional and Islamic finance matters, and also leads the firms Islamic finance practice.

She advises lenders, financial institutions, funds, sponsors, borrowers, and issuers in corporate and structured finance transactions, including secured and unsecured, syndicated and bilateral loans, asset finance, Islamic finance, supply chain finance, trade finance and debt capital market transactions.

Umera has significant experience having worked in six different jurisdictions. She has built her practice by concentrating on making connections and acting as a strategic partner, and not just a counsel, for her clients. She takes a highly practical and pragmatic approach to providing legal services and brings an understanding of cultural conventions and sensitivities when working on a transaction.

Umera is interested in innovation, sustainable power source, and environmental change, and fuses that with her practice by working with Fintech and Cleantech companies and advising on sustainable finance and carbon credit trading.

DWF (Middle East) LLP

Hamid AlHashimi

Hamid AlHashimi

Hamid AlHashimi

Treasurer at Bahrain Mumtalakat Holding Company

Hamid is the Treasurer of Bahrain Mumtalakat Holding Company, The Sovereign Wealth Fund of the Kingdom of Bahrain.

He has 20 years of extensive experience in Treasury and Capital Markets with a wide reaching network that began in 2002 through a journey that took him to a number of leading international and regional Treasuries including Citi, Credit Agricole, National Bank of Kuwait, Unicorn Investment Bank and United Gulf Bank amongst others. Throughout his experience, Hamid headed the Treasury Departments in numerous financial institutions for more than 10 years. As a member of the executive management, Hamid has always been a key member of the various management committees, including ALCO, Risk, Compliance, Investments etc.

Hamid brings a wealth of solid knowledge across all asset classes (buy and sell side) including structuring, sales and trading in the various international and regional financial institutions, both conventional and Islamic.

Working closely with the regional corporates and holding companies as well as being lead syndicate for a number of regional issuances has gained Hamid the insight and ability to cater to the different needs and requirements of Governments, Corporates and all types of Financial Institutions.

Bahrain Mumtalakat Holding Company