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Agenda

08:00 - 08:30

Registration

08:30 - 08:45

Opening remarks
Jonathan Moore, Head of GCP EMEA, Credit Suisse

08:45 - 09:15

Key Note Speech – Setting the credit scene (30’)

This keynote speech will set the scene for European Corporates in general. Economic prospects, potential interest rates hikes, potential taxation changes, potential QE exit… what will the key economic drivers impacting European Corporates in the coming years? What will be the implications of this new environment on European Corporates and on their funding policy? What could be the impact on corporate hybrids?

Speakers:
1.   Neville Hill, Chief European Economist, Credit Suisse
2.   William Porter, Head of EMEA Credit Strategy, Credit Suisse

09:15 - 10:00

Panel 1 – Corporate Hybrids from an issuer perspective (45’)

During this panel, we will discuss the strategic and economics benefits of hybrid issuance for European Corporates. What are the key motivations from an issuer perspective? How have the economic benefits of hybrid issuance developed recently? How should an issuer manage its hybrids compartment and its investor base over time?

Panellists:
1.   Moderator – Scott Roose, Head of EMEA Debt Capital Markets, Credit Suisse
2.   George Duncan, Head of Group Funding, SSE PLC
3.   David Greenbaum, Chief Financial Officer, CPI Property Group
4.   Samir Dhanani, Hybrid Structuring, Credit Suisse
5.   Chris Tuffey, Head of EMEA Syndicate, Credit Suisse

10:00 - 10:30

Coffee Break & Networking

10:30 - 11:15

Panel 2 - How might the European Corporate Hybrids asset class evolve? Focus on liability management & potential implications (45’)

European Corporate Hybrids have become an established and relevant asset class, notably thanks to greater product standardization and growing investor appetite. During this panel, we will discuss the latest developments around the corporate hybrids environment, notably rating agencies methodologies and potential for liability managementc.

Panellists:
1.   Moderator – Franck Bataille, European Credit Sector Strategy, Credit Suisse
2.   Pierre Georges, Senior Director, Global Infrastructure Ratings, S&P Global
3.   Jean-Michel Carayon, Senior Vice President, Corporate Finance Group, Moody's Investors Service
4.   Hervé Boiral, Head of Credit, Amundi
5.   Andrew Burton, IBCM Liability Management, Credit Suisse

11:15 - 12:00

Panel 3 – Corporate Hybrids from an investor perspective: overweight or underweight within the broader credit universe (45’)

During this panel, we will discuss investors perception of the hybrid asset class, but also trading specificities of these instruments: liquidity, hedging capacity…. From a top down perspective, we will also discuss the relative valuation of corporate hybrids within the overall credit universe.

Panellists:
1.   Moderator - Diego Discepoli, Head of EMEA Credit Sales, Europe, Credit Suisse
2.   Victoria Whitehead, Credit Portfolio Manager, BNP Paribas Asset Management
3.   Matthew Rees, Co-head of European Credit, Legal & General Investment Management
4.   Luca Lionetti, Head of Credit & Portfolio Manager of Corporate Hybrids Dedicated Fund, AZ Fund Management SA
5.   Kru Patel, European Investment Grade Trading, Hybrids Specialist, Credit Suisse
6.   Josh Farber, EMEA Credit Strategy, Credit Suisse

12:00 - 12:30

Investment opportunities & Top Trade Ideas within the European Corporate Hybrids universe (30’) 

During this panel, CS’ European Credit Sector Strategy Team will present its relative credit valuation views from a bottom up perspective, as well as its Top Trade Ideas within the hybrid universe.

Panellists:
1.  Moderator – Stephanie Damitio, Director, EMEA Credit Sales, Credit Suisse
2.  Franck Bataille, European Credit Sector Strategy, Credit Suisse
3.  Rick Mattila, European Credit Sector Strategy, Credit Suisse
4.  Stéphane Suchet, European Credit Sector Strategy, Credit Suisse
5.  Arjun Malhotra, European Credit Sector Strategy, Credit Suisse
6.  James Reynell, European Credit Sector Strategy, Credit Suisse

12:30 - 12:45

Closing Speech
Chris Tuffey, Head of EMEA Syndicate, Credit Suisse

12:45

Buffet Lunch

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