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Debt Capital Markets Update London Stock Exchange Q1 2020

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Page 1: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

Debt Capital Markets Update

London Stock Exchange

Q1 2020

Page 2: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

2

Contents

1. Trends in Global Debt Capital Markets

2. Q1 2020 DCM Highlights

3. DCM Focus: Social Bonds

4. Focus: Spark Live

5. Where Can You Find Us

6. Your LSEG team

Page 3: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

3

Update for Issuers and ParticipantsIn light of the impact of Covid-19

London Stock Exchange continues to operate as normal and there are no

plans to suspend trading on our markets. It is important that markets

remain open to support companies who will continue to need access to

capital and to ensure pricing is conducted in a fair and transparent

manner for retail and institutional investors who need ongoing access to

liquidity.

London Stock Exchange takes its responsibility to ensure the orderly functioning

of markets and continuity of services for its customers and other stakeholders

very seriously. We have in place robust business continuity arrangements, which

are regularly tested, to ensure the safe and orderly functioning of our business.

London Stock Exchange supports the joint statement from the Financial Conduct

Authority, Financial Reporting Council and Prudential Regulatory Authority which

set out a series of actions and statements designed to assist companies across

UK markets, in light of the unprecedented impact of the Coronavirus (COVID-19)

pandemic. We have been working closely with regulators and authorities to

ensure a consistent approach across our markets.

We recognise and understand the challenges faced by many market participants

navigating the current volatile market conditions and have a variety of measures

in place to ensure an orderly and fair market. We will continue to adjust our

response as needed.

Learn more at https://www.lsegissuerservices.com/spark/covid-19-issuer-update

Resources:

Joint statement from FCA, FRC and PRA on

corporate reporting

London Stock Exchange

Inside AIM with guidance for AIM market

participants

Market notice on procedures for dividend

deferrals/cancellations

Explanation of circuit breakers

Financial Conduct Authority

FCA announcement on preliminary financial

accounts

Statement on LIBOR transition plans

Financial Reporting Council

Corporate Reporting

BEIS and Companies House

Filing accounts extension

FTSE Russell research resources on

COVID19 and markets available here.

Page 4: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

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Support for Issuers of Social BondsAdmission fee waiver for social or sustainability bonds whose proceeds mitigate the impact of COVID-19

– At LSEG we believe that social and sustainability bonds with use of proceeds aligned to funding essential services such

as healthcare, water and sanitation, supporting employment, or with a link to the relevant UN Sustainable Development

Goals can have a role to play in directing capital to initiatives that will help mitigate the impact of COVID-19

– London Stock Exchange will be admitting social and sustainability bonds with use of proceeds aligned towards mitigating

the impact of COVID-19 with no admission fees for an initial period of three months commencing 3 April 2020

Eligibility Criteria

• Applies to bonds admitted to one of London Stock Exchange’s markets

• Applies to social or sustainability bonds only that meet the eligibility

criteria for the Sustainable Bond Market, and where use of proceeds are

aligned towards addressing or mitigating social issues wholly or partially

emanating from COVID-19 through projects related to access to essential

services, healthcare, employment, water and sanitation or the relevant

UN Sustainable Development Goals under the issuer’s publicly available

and provided framework

• Issuers and advisors would need to request for the application of this fee

waiver on the relevant Sustainable Bond Market Application and

Declaration form (sent to [email protected] and [email protected])

• End date: Thursday, 2 July 2020 (3 months)

For further information on the Sustainable Bond Market,

refer to the dedicated factsheet and eligibility criteria

here. Additional guidance on ICMA’s Social Bond

Principles and their relevance in addressing COVID-19

crisis can be found here, and high level mapping to the

Sustainable Development Goals can be found here.

Source: LSEG, April 2020

Recent Social Bond Issuers to mitigate against the impact of COVID-19:

Page 5: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

5

Changes to Market Making ObligationsGilts and Corporate Bonds on Fixed Income Order Books

https://londonstockexchange.com/traders-and-brokers/rules-regulations/change-and-updates/stock-exchange-notices/2020/n0320.pdf

https://londonstockexchange.com/traders-and-brokers/rules-regulations/change-and-updates/stock-exchange-notices/2020/n0620.pdf

• All Gilt-Edged securities traded on the Order Book for Retail Bonds (“ORB”) have their maximum

spread requirements for registered market makers widened to 5%, and Exchange Market Size

(“EMS”) reduced to 10,000 from Tuesday 17 March 2020

• Fixed interest securities trading on ORB in trading segment UKCP, trading sector UKC3 currently

have a registered market maker maximum spread floor of £0.03. In light of current market

conditions, the maximum spread floor will be increased to £0.10 for the four fixed interest securities

trading on ORB in trading segment UKCP, trading sector UKC3 listed below, from Tuesday 24

March 2020

These changes have been made in accordance with Rule 4102 of the Rules of the London Stock

Exchange and will remain in place until further notice. Relevant market notices in footnotes.

Page 6: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

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Trends in Global Debt Capital

Markets: Q1 2020

Page 7: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

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Global Macro and DCM DynamicsRates at historic lows; governments and investment grade corporates drive issuance in March

Central banks loosen policy rates in effort to stimulate economy Upcoming announcements provide insight into Covid-19 impact

Despite strong headwinds, DCM issuance trends continue to hold Annual Supply by month, since 2018

Source: Bloomberg, FactSet, Dealogic, April 2020

-0.10%

-0.05%

0.00%

0.05%

0.10%

0.15%

0.20%

0.25%

Fed Funds RateEurozone Deposit RateBOE Base Rate

0

5

10

15

20

25

-

5

10

15

20

25

30

35

40

45

20

18

Ja

n

20

18

Feb

20

18

Mar

20

18

Apr

20

18

May

20

18

Ju

n

20

18

Ju

l

20

18

Aug

20

18

Sep

20

18

Oct

20

18

No

v

20

18

De

c

20

19

Ja

n

20

19

Feb

20

19

Mar

20

19

Apr

20

19

May

20

19

Ju

n

20

19

Ju

l

20

19

Aug

20

19

Sep

20

19

Oct

20

19

No

v

20

19

De

c

20

20

Ja

n

20

20

Feb

20

20

Mar

# o

f bonds (

‘000)

Volu

me (

$tn

)

Total Count2020

Global Q1 2020 Issuance, by sector

9

2

64 4

6 64

5 5

1

02468

101214

Utilitie

s

Industria

ls

Govern

ment

Fin

ancia

ls

Consum

er

Sta

ple

s

Consum

er

Dis

cre

tionary

Com

mm

s

Mate

rials

Energ

y

# o

f bonds

Q1 2020 Q1 201976 56 135 128

Date Q2 2020

14 Apr Trade Balance

14 Apr Imports/Exports

16 Apr CPI

16 Apr Initial Claims

17 Apr GDP

20 Apr Trade Balance

22 Apr CPI

22 Apr Leading Index

Page 8: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

8

— 279 bonds were issued on London Stock Exchange during Q1 2020; $119bn in debt capital raised

— London has seen a 19% uptick in issuance on a Q/Q basis, while other exchanges have seen fewer issuances

1 Bloomberg, as of April 2020

2 Dealogic, as of April 2020

Note: Based on individual tranches issued. Duplicates for 144A and RegS are consolidated. Structured Products are excluded

London Stock Exchange bonds: 2015 to Q1 2020 Bonds/Capital Raised across select exchanges 2019 Q1 vs. 2020 Q1

Debt Listings By ExchangeLondon’s increased market share of global listings

$589bn

$503bn$453bn

$491bn$443bn

$119bn

897

990

902

1,068

934

279

0

200

400

600

800

1000

1200

0

100

200

300

400

500

600

700

2015 2016 2017 2018 2019 2020

No

. Of B

on

ds

Cap

ita

l R

ais

ed

($

bn

)

Capital raised ($bn) Count

$290bn

$119bn

$85bn$61bn

701

279

361

154

716

234

387

155

0

100

200

300

400

500

600

700

800

0

50

100

150

200

250

300

350

LUX LSE DUB SGX

No

. Of B

on

ds

Cap

ita

l R

ais

ed

($

bn

)

Capital raised ($bn) Q1 2020 Q1 2019

Page 9: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

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DCM Highlights: Q1 2020

Page 10: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

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Source: London Stock Exchange Data, Dealogic, April 2020

Co

rpo

rate

s +

FIG

So

ve

reig

ns

&

Su

pra

na

tio

na

ls

Gre

en

Bo

nd

s &

SO

NIA

Key Q1 2020 Issuances

USD 1.75bn, 2%, 5Y

January 2020

Main Market

USD 1bn, 2%, 3Y

January 2020

Main Market

USD 500m, 25%, 5Y

January 2020

Main Market

USD 1bn, 3.25%, 10Y

January 2020

ISM

GBP 350m, 1.13%, 5Y

EUR 120m, 0.67%, 7Y

January 2020

Main Market

KES 786m, 12.3%, 4Y

January 2020

ISM

USD 300m, 3.95%, 30Y

USD 700m, 3.25%, 10Y

February 2020

ISM

USD 550m, 4.4%, 3Y

February 2020

ISM

USD 1bn, 2.75%, 7Y

February 2020

Main Market

USD 25m, 1.23%, 30Y

February 2020

Main Market

USD 2bn, 4.6%, 11Y

March 2020

Main Market

USD 900m, 1.5%, 5Y

EUR 1.25bn, 0.01%, 3Y

March 2020

Main Market

SEK 500m, 0.19%, 3Y

March 2020

Main Market

USD 750m, 5.4%, 5Y

USD 750m, 5.6%, 10Y

March 2020

Main Market

USD 3bn, 1.75%, 5Y

January 2020

Main Market

USD 2.8bn, 3.75%, 15Y

USD 1bn, 2.75%, 12Y

January 2020

Main Market

USD 900m, 3.5%, 30Y

EUR 1.3bn, 1.25%, 20Y

January 2020

ISM

EUR 200m, 0.15%, 15Y

January 2020

Main Market

USD 1bn, 7.9%, 15Y

February 2020

Main Market

USD 2bn, 0.75%, 2Y

March 2020

Main Market

USD 100m, 0.56%, 3Y

SEK 750m, 0.13%, 2Y

March 2020

Main Market

GBP 1bn, 0.55%, 5Y

SONIA linked

January 2020

Main Market

GBP 1bn, 0.55%, 5Y

SONIA linked

January 2020

Main Market

GBP 500m, 0.52%, 5Y

SONIA linked

January 2020

Main Market

USD 925m, 1.5%, 5Y

Green Bond

February 2020

Main Market

USD 750m, 2.55%, 12Y

Green Bond

February 2020

Main Market

USD 3bn, 0.75%, 3Y

Green/Covid-19 Bond

March 2020

Main Market

USD 200m, 2.88%, 10Y

Green Bond

March 2020

Main Market

Page 11: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

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Source: London Stock Exchange Data, April 2020

Note: Based on individual tranches issued. Duplicates for 144A and RegS are consolidated

Uptick in London Stock Exchange listingsBond issuance up 48% YoY in Q1 2020

– Bond issuances on London Stock Exchange continue to grow robustly, with total issuances across the Main Market and ISM up 48% YoY in Q1 2020.

– A total of £82.2bn was raised through bond issuances on both the Main Market and ISM in Q1 2020, up 30% YoY.

276307 291

365399

8

11 25

19

20

0

20

40

60

80

100

120

140

0

100

200

300

400

500

Q1 Q2 Q3 Q4 Q1

2019 2019 2019 2019 2020

To

tal C

apita

l Ra

ise

d (£

bn

)N

o o

f B

onds Issued

Main Market (LHS) ISM (LHS) Capital Raised (£bn) (RHS)

Page 12: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

1212

158 bonds

listed on London’s

International

Securities Market

(ISM)

19 countries

Diverse global

reach

£44.5 billion

Money raised on

International

Securities Market

58 issuers

Sovereigns and

corporates

Source: London Stock Exchange Data, April 2020

* Term Investment Grade refers to categories ranging from ‘AAA’ to ‘BBB’. High Yield refers to categories ranging from ‘BB’ to ‘D’

** Region graphs are based on the capital raised

ISM Issuance since Launch

1 2 411

1929

4052

65

79

109

131

158

0

20

40

60

80

100

120

140

160

180

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2017 2018 2019 2020

0

5

10

15

20

25

30

35

40

45

50N

um

ber o

f Bonds

Am

ount ra

ised (

$bn)

By Credit rating*

By Region**

ISM Accelerates GrowthCapital raised in Q1 2020 up 146% on Q1 2019

54%

27%

11%

5%

2% 1%

APAC Europe South America

North America ME Africa

15%

77%

High Yield Investment Grade

Page 13: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

1313

64%Of total capital

raised is on LSE

SONIA and SOFR Bond Issuance on London Stock Exchange

Source: Bloomberg, Bank of England, April 2020

All duplicate bonds are consolidated

Capital Raised

on LSE

£12.2bn

Raised in 2020 Q1

through SONIA and

SOFR issuances

25Issuers

With QNB Finance

raising £1.5bn via 1

issuance in February

With 64% of

issuances by

volume in London

— London Stock Exchange saw another milestone for SONIA issuances in Q1

with RBC issuing the tightest and largest SONIA deal ever for a non-UK bank

— The £1.25bn five year floating rate covered bond attracted demand of

£2.1bn at reoffer and was priced 5bp inside initial guidance at 47bp

over Sonia with no new issue concession

— The depth of demand illustrated the growth in bids for SONIA products

— Also in Q1, EBRD pioneered a new coupon calculation for Sonia FRNs, opting

for a five day observation shift, as opposed to the standard 5 day “lag”

lookback

SOFR Issuances in Q1

Issuer Name Issue DateAmount Issued

($m)Tenor Industry

QNB Finance 12/02/2020 1,540 2 Financials

EBRD 13/03/2020 445 3 Supranational

QNB Finance 28/01/2020 19 2 Financials

SONIA & SOFR Issuances GrowBanks continue to raise funds through SONIA issuances

Selected SONIA Issuances in Q1

Issuer Name Issue DateAmount Issued

($m)Tenor Industry

Royal Bank of Canada 30/01/2020 1,250 5 Financials

Santander UK 12/02/2020 1,000 7 Financials

Lloyds Bank 03/02/2020 1,000 3 Financials

Nationwide Building Society 10/01/2020 1,000 5 Financials

Commonwealth Bank of Australia 16/01/2020 1,000 5 Financials

0

7

14

21

28

0

4

8

12

16

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

2018 2019 2020

No

. D

ea

ls

Ca

pita

l R

ais

ed

bn

)

Capital Raised (£bn) No. Deals

Page 14: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

14

DCM Focus: Social Bonds

Page 15: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

1515

233Active bonds

admitted to SBM

are listed in London

£42bnTotal money raised from

green issuances

59Unique bond issuers

17Unique currency

denominations

Source: Bloomberg, London Stock Exchange, April 2020

*Based on social, sustainable and issuer-classified bond issuances on London Stock Exchange

Sustainable Bond Market issuance since 2014

Sustainable Bond Market breakdown

London’s Sustainable Bond MarketSocial bond issuance in Q1 2020 nears 2019 total

EUR34%

GBP27%

USD26%

SEK9%

Other4%

Government42%

Utilities28%

Financial23%

Consumer2%

Other4%

0

10

20

30

40

50

60

0

2

4

6

8

10

12

14

2014 2015 2016 2017 2018 2019 2020 Q1

No.

Bonds

Capital R

ais

ed (

£m

)

Green Issuer Level Classification Social Sustainability No. Bonds

Page 16: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

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Issuance Details

CompanyInternational Finance

Corporation

Rating (M) Aaa

Sector Supranational

Market Main Market

Transaction Details

Issue Date 23 March 2020

Issue Size $1 billion

Coupon 0.50%

Maturity 3 years

Source: LSE, Global Capital, April 2020

IFC acts as the first to offer a coordinated and global response to the pandemic

— International Finance Corporation (IFC); a sister organization of the World Bank and

member of the World Bank Group, is the largest global development institution focused

on the private sector in emerging markets.

— On 23 March, 2020 the institution successfully priced its $1 billion Covid-19 social bond

which was oversubscribed more than three times, with orders of over $3.4 billion.

— Issued on London Stock Exchange’s Main Market, the social bond will pay an annual

interest of 0.5% and mature on 23rd of April, 2023.

— With its main goal to maintain jobs and reduce the economic impact of the pandemic,

proceeds from the Covid-19 social bond will be utilised to support affected developing

countries.

— Bank of America, Barclays, Crédit Agricole and DZ Bank acted as Joint Global

Coordinators for this deal.

International Finance CorporationIssues its first public dollar deal in social bond format since 2017, and its largest ever

“The Covid-19 pandemic is affecting the lives of

almost everyone on the planet, and it requires a

coordinated response in order to help minimise the

impact to some of the most vulnerable in society. As

impact investors, we have a role to play in

channelling sources of capital into investments that

have the potential to contribute to today’s most

difficult societal challenges. This social bond

issuance is representative of the way in which the

public and private sectors can come together to find

solutions to the problems faced by wider society.”

Philipp Müller, CEO of BlueOrchard(Investor in IFC’s Covid-19 social bond issuance)

Page 17: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

17

Source: LSE, Global Capital, April 2020

— The African Development Bank (AfDB) or Banque Africaine de Développement is a

supranational bank to African governments and private companies.

— The bank successfully launched its $3 billion social bond; the world’s largest social bond and the

largest green, social or sustainable bond issuance on London Stock Exchange’s Sustainable

Bond Market (SBM).

— The proceeds from the “Fight Covid-19” social bond, will be utilised towards enhancing access

to essential services, supporting healthcare, employment, water and sanitation to mitigate the

impact of the pandemic.

— The bond issuance, AfDB’s biggest yet in dollar terms, is the first of the bank’s measures in

response to the virus and will contribute to the African continent’s response.

— This is AfDB’s first London listed issuance (Main Market) as an exempt supranational issuer.

African Development Bank“Fight Covid-19” social bond is the world’s largest in dollar and the largest issuance on Sustainable Bond Market

“These are critical times for Africa as it addresses

the challenges resulting from the Coronavirus. The

African Development Bank is taking bold measures

to support African countries. This $3 billion Covid-19

bond issuance is the first part of our comprehensive

response that will soon be announced. This is indeed

the largest dollar social bond transaction to date in

capital markets. We are here for Africa, and we will

provide significant rapid support for countries.”

Dr. Akinwumi Adesina, President of AfDB

Issuance Details

Company African Development Bank

Rating (M/S&P/F) Aaa/AAA/AAA

Sector Supranational

Market Main Market

Transaction Details

Issue Date 26 March 2020

Issue Size $3 billion

Coupon 0.75%

Maturity 3 years

Distribution by Investor

Central Banks/Official Institutions 53%

Banks 20%

Asset Managers 28%

Geographical Distribution

Europe 37%

Americas 36%

Asia 18%

Africa 8%

Middle East 1%

AfDB makes its debut on London Stock Exchange’with its record breaking $3 billion Social

Bond

Page 18: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

18

Focus: Spark Live

Page 19: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

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Spark LiveVideo streaming service from London Stock Exchange Issuer Services

— Searchable

transcript

— Synced with video

— On demand tracking

— Slide zoom in / out

— Slides syncing

— Chapters splitting

— Speaker bios

— Live Q&A

— View earlier slides

with

— Back-to live

functionality

— Slides synced with

video live and on

demand

— Optional download

digital assets for the

viewer— Spark Live is the digital video streaming service

from London Stock Exchange Issuer Services

— Proprietary technology to assist corporates to

present their story to the investor community

— Unique distribution and reach to global investors

— Neutral, trusted location leveraging London Stock

Exchange brand and connectivity

— Spark Live can support:

— Corporate presentations such as full year

and half year results

— Corporate roadshows / group meetings

— Capital markets days

— Conferences

— Solution to assist with contingency planning for

events and meetings

Page 20: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

20

Spark LiveDrive liquidity, visibility and demand

Tell your StoryEnhance your profile page with branding, social media feeds, research and

event calendars to support your corporate marketing strategy

Reach Millions of

InvestorsThrough your profile on our trusted portal, your broadcasts are available to

millions of visitors at www.londonstockexchange.com

Maximise your

Content ViewInvestors can view your events in real time or catch up on demand. Wherever

and whenever works for them

Build Powerful

CommunicationsUse our tools to add investor Q&As, slide syncing, speaker bios, presentation

downloads, transcripts and more

Broadcast

WorldwideBroadcast your financial results, capital market days or analyst updates from

any location to increase the reach of every event

Page 21: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

21

LSEG Debt Capital Markets

Forum 2020

Page 22: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

2222

Date : Monday, 21 Sep 2020,

8.30am - 2.00pm

Venue: London Stock Exchange

Group, 10 Paternoster Square,

London EC4M 7LS

Key Topics

Due to the impact of the pandemic, and keeping in mind the health

and well-being of our guests, our annual DCM conference will now

be held in September*. Topics will include:

‒ Recent Trends in Global Debt Capital Markets

‒ Growth and evolution of sustainable finance

‒ Challenges and opportunities in the transition to alternative risk free

rates

‒ Innovation in primary markets through new emerging technologies

For further information and updates please visit

https://www.lseg.com/LSEGDCM2020

Event details Time

Registration 8.30am

Conference 9.00am

Networking lunch 1.00pm

Conference ends 2.00pm

LSEG Debt Capital Markets Forum 2020LSEG’s Annual DCM conference – 21 September 2020

* The health and well-being of our colleagues, customers and guests is of paramount importance to London Stock Exchange Group. In order to protect against the spread

of the coronavirus (COVID-19), LSEG has implemented a number of global policies that restrict certain events and meetings in our offices. This event was initially planned

for 6th March 2020.

Page 23: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

23

Your LSEG Team

Page 24: Debt Capital Markets Update - London Stock Exchange · 2020. 4. 15. · 3 Update for Issuers and Participants In light of the impact of Covid-19 London Stock Exchange continues to

Dr. Darko Hajdukovic

Head of Multi-Asset Primary Markets

and Investment Funds

+44 20 7797 3306

[email protected]

Omair Mohyal

Manager, Business Development

+44 20 7797 3913

[email protected]

Global Sales & Relationship Management

Alex Imseeh

Senior Associate, Business

Development

+44 20 7797 3750

[email protected]

N. America, Europe & India

Sarah Ellena

Manager, Business Development

+44 20 7797 3872

[email protected]

Latin America, China & Japan

Elena Chimonides

Manager, Product Development

+44 20 7797 1509

[email protected]

Product Development & Innovation

Federica Giacometti

Associate, Business Development

+44 20 7797 1392

[email protected]

UK, Middle East & Asia Pacific

Shrey Kohli

Director, Head of Business and Product

Development

+44 20 7797 4313

[email protected]

David Ashaolu-Coker

Associate, Product Development

+44 20 7797 4633

[email protected]

UK & Africa

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LSEG Useful Numbers:

Issuer Services: [email protected] / +44 (0) 20 7797 1735

RNS: [email protected] / +44 (0) 20 7797 4400

Admissions: [email protected] / + 44 (0) 20 7797 4310

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Market Supervision: +44 (0) 20 7797 3666

Stock Situations: [email protected] / +44 (0) 20 7797 1579

Fixed Income: [email protected] / +44 (0) 20 7797 3921

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