Asian High Yield Debt Summit

Date: 27 Mar 2019
Location: Four Seasons Hotel Beijing, China

GlobalCapital’s 14th January article notes that whilst the US$7bn of Asia ex-Japan dollar bond issuance year to date has been a welcome respite after the slow December, some bond bankers are still disappointed at how the year has started. The news that the NDRC has extended companies’ international issuance quotas that expired at the end of December by six months, rather than the three month extension last year, has helped ease the pressure for Chinese issuers to rush to the market as early as possible, but will the extension turn out to have a positive, or negative effect on high yield volumes in the coming months?

Outside of China, where will the next wave of High Yield issuance come from, both by company type or geographic location? How can the size of the books be improved? How are tenors looking? What trends and economic indicators should the high yield community be watching for?

Euromoney Conferences’ new half-day Asian High Yield Submit will answer many of the above questions, and more, in an exclusively forum for high yield professionals covering both the onshore and offshore markets. With in-depth coverage from the issuer, investor and structuring standpoints, this is a must attend event for those who wish to take a closer look at the opportunities and challenges ahead for the Asian high yield market.

Key topics will include:

  • Record HY volumes in Asia Pacific but at what price?
  • How do investors view Asian high yield as part of their overall portfolio?
  • Capital raising trends for borrowers
  • And much more

Agenda

12:30 - 13:30 Registration and Coffee

13:30 - 13:35 Opening Remarks

13:35 - 14:00 Keynote Presentation: Global high yield volumes vs Asia/China high yield volumes - drivers, risks, opportunities and threats

14:00 - 14:25 Keynote Presentation: The outlook for China's real estate market and the impact for the high yield market

14:25 - 15:10 Plenary Panel Discussion: Record HY volumes in Asia Pacific but at what price?

  • How are China’s attempts to deleverage and remove risk from the financial system affecting onshore and offshore HY volumes?
  • Is there a model where international banks are able to match the balance sheet placement model favored by mainland banks?
  • New players and new threats – what impact could the new wave of offshore Chinese securities houses have on the market?

15:10 - 15:40 Coffee Break

15:40 - 16:25 Focus session 1: Investors’ panel discussion - how do investors view Asian high yield as part of their overall portfolio?

  • Will the suggestion of allowing more defaults from Chinese entities impact future high yield investment decisions?
  • Which have been the hot spots for Asian high yield investors in 2018 so far, and are those trends set to continue?
  • With a rise of unfamiliar credits from unfamiliar sectors, how do investors evaluate the risk?
  • How much credit risk are investors willing to take in order to achieve better returns

16:25 - 17:10 Focus session 2: Issuers’ panel discussion - capital raising trends for borrowers

  • Spreads and the current climate for issuance – a boon or a danger in waiting?
  • Ultra-cheap financing – bonds vs loans?
  • Reviewing the trend of <1 year tenors and the risk of short-dated paper
  • Considerations for non-USD issuance
  • Examining the options for non-bank lending including mid-market financing and private placements

17:10 - 17:15 Close of Conference

For more information, please contact our customer services team at rsvp@euromoneyasia.com.

For sponsorship opportunities, please contact Robert Ball at robert.ball@euromoneyasia.com.

For speaking opportunities, please contact Christy Wong at christy.wong@euromoneyasia.com.

For more details of the China Debt Capital Markets Summit 2019, please click here.

Disclaimer
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting the same to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of content received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.
Top