Seminar 1:
Tuesday 9th April 2002

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The Irish Covered Bond: From Legislation to Market

Time Slot   SPEAKER
12:20 Registration  
12.30 Lunch  
14.15

Opening address: Update on Irish Covered Bonds project

* Selling the Irish Covered Bond to global investors
* High credit ratings
* Margin over government paper
* Jumbo issues marketable
* Largest Eurozone bond asset class

Chairman Dr. Ronan O'Connor, head of risk management and asset allocation, National Pension Reserve Fund of Ireland (also principal external consultant to the ICB project)
14:45 Case study:
An Irish Covered Bond Issue - Depfa
Jürgen Karcher, CFO, member of the board and Wally Höfer-Neder, global head of capital markets, DEPFA Bank
15:15 Coffee and informal discussion
15:45

Covered Bonds: Ireland's next Big Export

* research overview on the market
* structural overview in comparison to the other international markets
* focus on spread developments
* investors focus on credit

Gabriele Mueller, Director, Merrill Lynch
Jeff Spencer, Vice President, Merrill Lynch

16:15

Round table discussion:

* Practical issuance topics
* Role of the Covered Asset Monitor
* The Dublin investor base
* International investor base
* Attraction of the ICB for investors
* Issue procedures; global roadshows; bookbuilding and listing

Tom Meade, senior banking regulator, Central Bank of Ireland, and representatives from the Department of Finance, DePfa Bank, Moodys, the investor base, the Irish Stock Exchange and investment banks.

16:55 Closing Remarks
17:00 Conclusion of seminar

 

 

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