Course Name
Investment Banking
Schedule
February 26, 2024 - March 07, 2024
Schedule via Zoom:
February 26, 27, March 2, 4, 6 & 7, 2024
Mondays, Wednesdays and Thursdays
5:30 - 9:00 pm
March 2, 2024
Saturday
8:30 am - 12:00 pm
Early Eagle Rate:
Php 15,000
Valid Until:
February 12, 2024
Description
With the current state of the domestic and global financial markets, this may not be the most auspicious time “to go public,” but it undoubtedly can be the perfect time to learn and understand the process.
This process––of “going public” or, in laymen's terms, simply the sale and distribution of a new offering of securities––has traditionally been associated with the term “investment banking.” The association has a strong foundation, but through the years, this traditional view of investment banking has radically been transformed to include many other revenue-generating and support activities.
This online module provides the participants with a broad view of today's investment banking while staying focused on its primary function, i.e., securities underwriting. Participants are given a guided tour of how security issues are packaged, registered, underwritten, issued, listed, purchased and sold in the secondary market. They are given detailed step-by-step illustration of how particular securities are offered to the public via private placements and initial public offerings (IPO). Various valuation techniques and pricing considerations are reviewed in relation to the topic/s being discussed. The role of venture capital and asset securitization in funds-raising will also be discussed.
Who should attend
This module is highly recommended for investment bankers, business professionals and entrepreneurs, and other finance practitioners involved, one way or another, in structuring ways of tapping the financial markets as potential sources of capital. Those familiar with or have adequate working knowledge of company valuations, business acquisitions and basic business statistics, specifically, regression and variance analyses, standard deviation, etc., will find this module most meaningful and beneficial.
Successful completion of this module enables the participants to:
- Identify and assess suitable IPO candidates;
- Understand the advantages and disadvantages of public offerings;
- Prepare SEC-required registration statements and other supporting documents, e.g., the prospectus, underwriting agreement, disclosure statements, historical as well as projected financial statements, etc.;
- Offer strategy, valuation, pricing and timing advice to IPO candidates;
- Appropriately coordinate public issues with accountants, lawyers and regulatory bodies; and
- Manage security underwritings for their firms.
The course, which employs lectures, interactive discussions, case studies and practical application exercises, covers the following areas:
- Investment banking and the money and capital markets: a brief introduction
- Rationale and applicable frameworks for going public
- Applicable laws and regulations
- Identification and selection of suitable candidates
- Preparation of registration statements, prospectuses and other relevant documentation
- Determination of offering strategy, valuing, pricing and timing of the issue
- Coordination with underwriting and selling agents and other consultants
- Listing in the Philippines Stock Exchange
- After issuance/listing responsibilities
- Role of venture capital and asset securitization in funds raising
Mr. Jaime Mendejar is currently Senior Vice President and Head of Financial Institutions Group and Public Sector at HSBC Philippines, where he regularly engages with banks, insurance companies, asset managers, and various government agencies on a variety of financing products and services, including sustainable finance.
Prior to this role, Jaime was an investment banker at HSBC, most recently as Senior Vice President for Debt Capital Markets, where he executed a number of landmark green bonds, including AC Energy’s $410 million Green Bonds, which was the first CBI-certified green bond in Southeast Asia and the first public corporate offshore green bond from the Philippines. Investors such as the ADB and IFC were anchors to the bonds, which were also awarded “Best Green Bonds in the Philippines” by The Asset Awards in 2019. He also worked on RCBC’s PHP15 billion ASEAN Green Bonds in the same year and, most recently, BPI’s PHP21.5 billion COVID Bonds in 2020, which won “Best Social Bonds” by The Asset Awards in 2020.
He has been engaging various clients as they also express stronger interest in areas of sustainability, from offering asset management funds with ESG thematics to working with insurance companies to invest in project finance structures to support solar farm expansion in the Philippines. He also speaks with regulators such as the BSP,SEC, Insurance Commission, and Climate Change Commission to complement his understanding of development in the sustainability space. On a regional level, he is also a member of the Sustainability Finance Policy and Engagement Working Group of HSBC, where they discuss and comment on various policies of regulators in ASEAN and Asia Pacific.
