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Turkey’s largest capital markets event
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WELCOME TO Bonds, Loans & Sukuk Turkey 2016
REASONS TO ATTEND
1
Network with over 650 senior executives from the
Turkish Capital Markets - 95% of the audience are
Director Level or above
2
Hear from an elite speaker line-up - Over 70 senior
industry leading speakers
3
More business networking available - Build long-term
business relationships face-to-face during the 1-2-1
meetings, cocktail reception and networking breaks
4
Access local and international investors - Meet
attendees from Middle East, Africa and Europe
interested in investing in Turkey
5
Turkey Special Report - This report will provide a timely
update on Turkish capital markets including perspectives
from Corporate & FI Issuers and Borrowers, Investors
and Government
The conference is extremely successful in terms of gathering
all the players in the financial sector; public sector, banks,
corporates, IFI’s into one place for good networking...
2
Begum Sarigul, GAMA
650
attendees
95%
Director level
or above
65%
Corporate &
FI Issuers and
Borrowers,
Investors and
Government
70+
speakers
Senior Level Speakers include
Murat Çetinkaya,
Governor,
Central Bank of Turkey
Osman Çelik,
Undersecretary of Treasury,
Republic of Turkey
Burcu Geris,
Chief Financial Officer,
Tav Airports Holding
Ahmet Cimenoglu,
Chief Economist,
Koç Holding
Richard Segal,
Senior Emerging Markets
Strategist,
Manulife Asset Management
Mustafa Turan,
Senior Vice President,
Vakifbank
Bulent Beyduz,
Chief Financial Officer,
Erdemir
Brigitte Posch,
Head of Emerging Market
Fixed Income,
Babson Capital
Tolga Uzuner,
Senior Portfolio Manager,
Emerging Markets,
Apollo Global
Management
Mehmet Ali Ersari,
Chief Investment Officer,
Ak Asset Management
Todd Schubert,
Managing Director, Head of
Fixed Income Research,
Bank of Singapore
Görkem Elverici,
Chief Financial Officer,
Turkiye Sise ve Cam
Fabrikalari
3
The event in numbers
Audience breakdown by sector
Audience breakdown
by seniority
53%
Heads of/ Managing
Director
3%
5%
Middle East
Banks
2%
Other
Government
10+
11%
21%
hours of networking
Law Firms
49%
CEO/CFO/Deputy
Corporate &
FI Issuers and
Borrowers
11%
20%
Investors
Vice President/ Director
19%
6%
Partner
4
International
Banks
150+
1-to-1
meetings
Companies that attend Bonds, Loans & Sukuk Turkey
ABank
Abdul Latif Jameel International
JLT
Acibadem Saglik Hizmetleri
(ACIBD)
ACT Venture Partners
ADNAN PSF LTD
AK Asset Management
AK Enerji
Akfel Gaz San. Ve Tic.A.S.
Akfen Holding
Aksa
Aksa Enerji
Aksa Power Generation
Alacer Gold
Albaraka Turk Participation Bank
Allen & Overy
Allianz Global Investors
Allianz Investments
Allianz Sigorta a.s
Anadolu Efes
Ankara Etlik
Arthur Cox
Ashmore Asset Management
Turkey
Ashmore Investment Management
Assan Aluminyum Sanayi ve
Ticaret A.S.
Astaldi Concessioni
Ataer Holding
Aydine Group Companies
Ayen Enerji-Aydiner Sirketler
Grubu
AZ Global Asset Management
Azimut Asset Management
Babson Capital Management
Baker & McKenzie
Balcioglu Selcuk Akman Keki
Bank ABC
Bank Asya
Barwa Bank
Bezen & Partners
Bilgiç Avukatlık Ortaklıgı
BNP Paribas
BNP Paribas Investment Partners
BNY Mellon
British Chamber of Commerce in
Turkey
Çakmak-Gökçe Avukatlık Bürosu
Calik Holding
Capital Markets Board of Turkey
CCI - Coca Cola Icecek
Çelebi Aviation Holding
Cengiz Holding
Central Bank of Turkey
Chadbourne & Parke
Citibank
Commerzbank
Conseiller Financier
Credit Suisse
Darby Overseas Investments
DeFacto
Demir Export
Deutsche Bank
Dia Holding
Dogus Construction and
Trading
Dogus Holding
Eczacibasi Holding
Eksim Investment
Holding
Enerjisa
Enerya Gaz Dagıtım A.S
Eren Holding
Esin Attorney Partnership
European Bank for Reconstruction
and Development (EBRD)
European Investment Bank (EIB)
Excel Communications
Management
Finans Bank
Fitch Ratings
Franklin Templeton Investments
Gama Guc Sistemleri Muhendislik
Ve Tahhhut
Gama Industrial Plants
Manufactoring and Erection Inc.
Garanti Bank
Gedik and Eraksoy
Ghulam Darwish
General Trading
Gide Loyrette Nouel
Global Family O£ce
Goldman Sachs
Gulermak Agir Sanayi Ins Ve
Taahhut A.S
Halk Asset Management
Halk Invest and Securities
Halkbank
Hattat Holding
Hayat Kimya Sanayi
Hisarlar
IC Ibrahim Cecen
Investment Holding
IDO Istanbul Fast Ferries
Inc.
Index Group
ING Bank
Intercity
International Finance Corporation
(IFC)
Intralinks
Irish Stock Exchange
IS Bankasi
IS Investment
Istanbul International Rating
Services
Istanbul Portfolio Management
Istanbul Sabiha Gökçen
International Airport
JP Morgan
Kaptan Group
Karadeniz Holding
Kastamonu Entegre
Koc Holding
Kolin Construction Tourism
Industry and Trading Co.
Koray Yapi Endustrisi ve Ticaret
A.S.
Kurumsal Yatirimci- Turkish
Institutional Investment
Managers’Association
Latham & Watkins
Limak Insaat
Limak Investments
Linklaters
Luxembourg Stock Exchange
Macquarie Bank
Mashreq Capital
Medya Evi
Migros
Mitsubishi UFJ Financial Group
(MUFG)
Mitsubishi UFJ Securities
International(MUFG)
Moody’s Investor’s Service
N+1 Daruma
National Bank of Abu Dhabi
(NBAD)
Natixis
Natixis Global Asset Management
NBAD
Noor Bank
Norton Rose Fulbright
Nurol Holding
Nurol Real Estate Investment Trust
Odea Bank
Ofis Holding
Orfin Finansman
Oyak Securities
Ozaltin Construction
Palmera Capital
Palmet Enerji
Park Holding
Pegasus Airlines
Pekin & Pekin
Pol Holding
Privatisation Administration of
Turkey
Promontory Financial Group
Proparco
Qinvest
Republic of Turkey
Republic of Turkey, Prime Ministry,
Privatization Administration
Sabanci Holding
SACE
Sekerbank
Sena Group
Ses Bilisim ve Haberlesme
Sisecam
Socar
Societe Generale
Soyak Holding
Spig Sogutma Sistemleri Ticaret
Standard & Poor’s Rating
Services
Standard Chartered Bank
Star Rafineri
Stfa Construction Group
Sukkur Beverages
SunExpress
TAV Airports Holding
TAV Construction
Tav Havalimanlari Holding
TAV Tepe Akfen Investment
Construction and Operation
TEB
Thy Opet Havacılık
Tiryaki Agro Gida Sanayi ve Ticaret
Torunlar GayrimenkulYatırım Ort
TSKB
Tupras
Turcas Petrol
Türk Eximbank
Turk Telekom
Turk Traktor
TURKASSET Varlik Yonetim
Turkcell
Turkish Airlines
Turkiye Petrol Rafinerileri
TURKrating
Tuyap Fairs and Exhibitions
Organization
Undersecretariat of Treasury,
Turkey
UniCredit
Unlu & Company
Vakifbank
Wells Fargo
White & Case
Yapi Kredi Leasing
Yapı Kredi Yatırım
Yasar Holding
YDA Group
Yildirim Group
Yildirim Holding
Yıldız Holding
Yildiz Technical University
Yüksel Karkın Küçük Avukatlık
Ortaklıgı
Ziraat Katilim Bankasi
Ziraat Yatirim
Zorlu Holding
For the full list of participants call Elvan Cosgun on +44 (0)207 045 0935
5
Programme Day One: Wednesday 16th November 2016
08:00
Registration, coffee and networking
08:50
Chairman’s opening remarks
09:00
Keynote address: How is the government planning to sustain economic growth and
infrastructure development in 2017 and beyond?
• Outlining Turkey’s funding requirements for 2017 and evaluating where these funds will come from
• Global volatilities and macro shocks: What is the government doing to protect the economy?
• How is the government helping to encourage liquidity in the corporate debt market?
09:20
Managing volatility with sound monetary policy: Turkey’s Central Bank strategy for 2017
• How is the Central Bank planning to manage inflationary pressures while stimulating growth?
• FX and TRL: Where does the Central Bank want TRL to stablise?
• Interest rates: Outlook for next 12 months
Murat Çetinkaya, Governor, Central Bank of Turkey
09:40
Turkey’s capital markets strategy in 2017: Financing the economy, setting benchmarks and
developing markets
Osman Çelik, Undersecretary of Treasury, Republic of Turkey
10:00
What political and macroeconomic factors are having the biggest impact on Turkey?
• How are international and domestic politics impacting Turkey’s economic performance?
• Turkey’s real economy performance and outlook for GDP growth: Reasons for optimism?
• Inflation, commodity prices and current accounts: Turkey’s fundamentals laid out and analysed?
• Is there more volatility ahead or will 2017 see a return to stability?
Ahmet Cimenoglu, Chief Economist, Koç Holding
Murat Üçer, Advisor, Global Source for Turkey and Koc University
10:45
Coffee and networking
Best attended event I’ve ever seen on the financial market. The
place to be be if you want to play in the Turkish market as a bank.
Julia Podjapolskaja, ING Bank N.V
6
11:15
Syndicated loans in Turkey: Are market conditions primed for lenders to seize
opportunities?
• Why can Turkish borrowers still not access long tenors? What pricing will borrowers be willing to pay
to access longer term financing?
• How can the syndicated loan market become a more meaningful source of funding for corporates?
• Who are the new international players in the Turkish syndicated loan market and what is driving their
willingness to lend?
• International vs local: Are the local banks locking out the international banks from the lending market?
Hulusi Horozoglu, Assistant General Manager, Managing Director, Head of Wholesale Banking
and Investment Banking, Turkey, HSBC
Harvey Hoogakker, Managing Director, Head of Risk Distribution and Loan Syndication, Europe,
Middle East and Africa, Wells Fargo
Zeki Onder, Executive Vice President of Financial Institutions and International Funding,
Sekerbank
Gurkan Ensari, Executive Director, Capital Markets, Standard Chartered Bank
Bulent Beyduz, Chief Financial Officer, Erdemir
Francesco Bruno, Head of Loan Origination, Southern Europe & Turkey, Syndications,
The Bank Of Tokyo-Mitsubishi UFJ (MUFG)
Muhsin Keskin, Partner, Esin Attorney Partnership
View the full agenda online at www.bondsloansturkey.com
Programme Day One: Wednesday 16th November 2016
12:00
14:30
The future of the Turkish banking sector – How will funding and capital requirements be
met?
•U
pdate on legislation and Basel III implementation: How does this change how banks are capitalised
and how assets and liabilities are managed on balance sheets?
•R
egulators’ perspectives on hybrid capital and Tier II funding – what are the next steps for Turkish
banks?
•D
o Turkish banks still have the same lending capabilities vs 2016?
•P
ost covered bonds – What additional options are available to local banks?
Elvan Öztabak, Head, Financial Institutions and Investor Relations Department, HalkBank
12:45
Uncovering covered bonds: How the first internationally distributed deal was structured,
packaged and sold to the market?
•C
ase study: A closer look at the size, pricing and maturity?
•W
hat factors were taken into consideration when rating the covered bond?
•T
he swap agreement – what was the purpose of this when structuring the deal?
•T
apping capital: Who were the investors of this deal and how successful was it in bringing new
participants to the Turkish market?
•D
o covered bonds represent a new source of funding for Turkish FIs? Who will be next to issue?
•C
overed bonds vs. securitisation: Advantages and disadvantages of each
Mustafa Turan, Senior Vice President, Vakifbank
Brian Hoey, MENA Corporate Trust Sales and Relationship Management, BNY Mellon
13:30
Networking lunch sponsored by
Project finance and capital markets: How can Turkish projects secure long term
sponsorship from investors?
• What role can credit enhancement play in helping Turkish infrastructure projects secure long term
sponsorship from investors?
• Encouraging long term finance – What role do ECAs and IFIs need to play to make this a reality?
• International vs local banking – is this finally set to shift or will local banks continue to dominate
project finance in Turkey?
• Interest rates, FX and commodity price volatility: How this affects profitability of projects and how to
hedge against volatility?
İlker Sırtkaya, Manager, Project and Structured Finance, Odea Bank
Kerim Kemahli, Chief Financial Officer, Nurol Holding
Senior Executive, Fitch Ratings
Yeşim Bezen, Partner, Bezen & Partners
15:15
Hydro, wind and solar: How will Turkey’s renewable pipeline be financed?
• What role is the Turkish government currently playing in order to unlock Turkey’s clean energy
potential?
• How much backing and financial support do these projects require from the government in order to
meet the country’s renewable energy targets?
• Driving green energy generation: What progress can be expected in the next 12 months?
• What changes are being made to regulatory framework to encourage private investment into this
sector?
Cahit Büyükbaş, Manager, Project and Structured Finance, Odea Bank
Güniz Gökçe, Partner, Çakmak-Gökçe Avukatlık Burosu
View the full agenda online at www.bondsloansturkey.com
7
Programme Day One: Wednesday 16th November 2016
16:45
Development of the Islamic Financial Markets: What do issuers need to know before
issuing sukuk locally and internationally?
•A
n overview of who sukuk investors are: Institutional vs. Retail; Asia vs. Middle East vs. Rest of the
World.
•U
nderstanding the relevance of credit ratings when looking to issue sukuk? How can non-investment
grade rated issuers implement credit enhancing alternatives to improve the overall rating of their
sukuk issues?
•H
ow is a decrease in liquidity in the GCC impacting the Turkish sukuk market?
•A
dvantages regarding tax when issuing sukuk – what are they?
Ahsan Ali, Head of Islamic Origination, Standard Chartered Bank
Senior Executive, Bank ABC
Timucin Engin, Country Head, Turkey, S&P Global Ratings
Andy Cairns, Managing Director, Global Head of Debt Origination and Distribution,
National Bank of Abu Dhabi (NBAD)
17:30
Chairman’s closing remarks followed by evening reception
16:00
Issuing Turkey’s first-of-a-kind green bond – how was the deal structured and sold to the
market?
• What was the main criteria for issuing a green bond?
• Who were the buyers of this green bond?
• How do the proceeds need to be used? How does the issuer report on this?
Justine Leigh-Bell, Director of Market Development, Climate Bonds Initiative
Rajan Bagri, Executive Director, Capital Markets FIG, Standard Chartered Bank
Meral Özçiçek, Financial Institutions Department Head, Türkiye Sınai Kalkınma Bankası
8
View the full agenda online at www.bondsloansturkey.com
Programme Day Two: Thursday 17th November 2016
08:30
10:25
Registration and networking
Encouraging deal flow and trading: Further developing the local bond market
08:50
Chairman’s opening remark
9:00
Responding to a change in market environment: How are companies adjusting their capital
structures and funding strategies
• What are Finance and Treasury team’s views on growth prospects and capex plans for 2016?
• Managing
balance sheets: Are companies planning to raise new capital for new projects or is the
focus on refinancing and replacing their existing debt?
• Considering
liability management exercises: Are their opportunities to bring down costs of
funding in bond and/or loan markets?
• I s there any appeal to consider equity markets for raising capital?
•M
anaging FX, rates and commodity risk: What hedging solutions are being put in place
Burcu Geris, Chief Financial Officer, Tav Airports Holding
Murat Kırkgöz, Chief Financial Officer, Turk Telekom
Görkem Elverici, Chief Financial Officer, Turkiye Sise ve Cam Fabrikalari
09:40
Cutting through the politics and economics, and looking at the fundamentals – what are
international investors’ views of Turkey?
•H
ow does Turkey compare to other Emerging Markets for international investors and where do they
see the real value in the Turkish fixed income market?
•U
nderstanding expectations: What do international investors look for when considering to invest into
Turkish debt?
•W
hat impact is the Fed’s imminent rate increase having on investor attitude towards Turkey and
Emerging Markets generally?
•W
hat are investor expectations of Investor Relations activities during tougher times?
Todd Schubert, Managing Director, Head of Fixed Income Research, Bank of Singapore
Brigitte Posch, Head of Emerging Market Fixed Income, Babson Capital
Tolga Uzuner, Senior Portfolio Manager, Emerging Markets, Apollo Global Management
Markus Bayer, Head of CEE Debt Capital Markets, Mitsubishi UFJ Financial Group (MUFG)
Richard Segal, Senior Emerging Markets Strategist, Manulife Asset Management
• How has the first corporate TRL bond default impacted the development of the local capital markets?
What new legislation has the Capital Markets Board put in place as a result of the default?
• Credit risk vs yield: What are investors perspective of non-bank FI and corporate credit in the local
market since the default?
• Who are the key players helping to develop the local capital markets? How are banks helping to
encourage institutions to access the local capital markets?
• Accessing a new pool of liquidity: Will new regulations for pension funds draw them to the local bond
markets?
Mehmet Ali Ersari, Chief Investment Officer, Ak Asset Management
Jean-Patrick Marquet, Director, Turkey,
European Bank for Reconstruction and Development (EBRD)
11:10
Coffee and networking
11:30
Closing a debut deal in volatile times: Case studies of how deals have been successfully
closed in 2015-16
In an environment of reduced liquidity, low commodity prices and looming interest rate rises, the challenges and
hurdles that debut issuers must overcome to successfully price and place deals are greater.
The Debut Roadshow will feature case studies of first-time borrowers and their advisers highlighting the reasons
for raising capital, the thought-process of why a certain market was selected, and deal highlights of how the
deal was successfully closed. Each joint-presentation will be 10 minutes in length, followed by a 3-minute quickfire Q&A by a judging panel
11:30
Can project bonds (and project sukuk) play a role in financing Turkey’s burgeoning
infrastructure sector?
• What is the process of issuing a project bond from start to finish?
• How does the tenor, pricing and structure of project bonds compare to the loans market?
• What do issuers need to know before considering a project bond?
Derin Altan, Partner, Çakmak-Gökçe Avukatlık Bürosu
11:50
Restructuring debt: What are the options for companies in financial distress with looming
repayments and no-refinancing options?
• Restructuring vs. Refinancing: When does a refinancing become a restructuring? When is the time to act?
• Expectations of lenders and bond investors: What issuers and borrowers need to know and be aware of
• How will making bankruptcy law straight-forward and transparent be important to the development of
the local capital markets?
Simon Porter, Partner, Baker & McKenzie
13:15
Chairman’s closing remarks and close of conference followed by networking lunch
View the full agenda online at www.bondsloansturkey.com
9
Gain exposure amongst Turkey’s
finance professionals
Stand out from the crowd by becoming a sponsor. Benefits of your participation
include:
Save yourself time and money - get the attendee list 2 weeks before the event so
you can pre-arrange meetings.
Showcase your expertise in the region – by presenting a case study to a room full
of potential clients.
Increase awareness – by taking an exhibition space and demonstrating your
products and services.
Win more business – packages include a number of staff passes so you can cover
more clients.
Increase your brands presence – through the numerous branding opportunities
available
Another great Bonds, Loans & Sukuk Turkey conference.
The winning formula very much remains in place in terms
of interesting and thought-provoking panels in addition, of
course, to the tremendous networking opportunities!
Mark Waters, Wells Fargo
10
Arrange
30+
meetings
Meet
65%
Corporate &
FI Issuers and
Borrowers,
Investors and
Government
Speak in front of
650
stakeholders
Network with
150
CEO/Director’s
Exhibition Opportunities
PlatinumSponsors
The 1-to-1 meeting service has given us the opportunity to catch
up with clients and prospects face to face and it has given us very
concrete follow ups for after the conference. This adds a lot of
value for us.
Gold Sponsors
Aymeric Arnaud, Société Generale CIB
Lunch Sponsor
Networking Sponsor
Silver Sponsors
Bronze Sponsors
FIND OUT HOW YOU CAN GET INVOLVED
call Elvan Cosgun today on:
+44(0)20 7045 0935 or email at:
[email protected]
Multiple
staff
passes
1-to-1
meeting
space
Branded
business
lounges
Bronze Sponsors
Strategic Partner
11
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by quoting code DM1
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2 Day Conference Pass (16th & 17th October)
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call Marcia Ardila today on: +44(0)20 7045 0919 or email at: [email protected]
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