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Russian Bond Congress - 2005 |
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Day 1 (Dec, 8)
| 09:30-11:30. Russian bond market: results of 2005; problems and prospects |
| Welcome speech | Michael Oseevsky, Vice-governor of Saint-Petersburg |
| Bond market from macroeconomic perspective | Aleksey Savatyugin, Head of financial policy department, Ministry of Finance |
| Topic to be announced | Pavel Ivanov, Head of FSMS in North-West Region |
| Topic to be announced | Aleksey Rybnikov, CEO, MICEX stock exchange |
| Securitization in Russia - the opportunities | Christopher Such, Director, Structured Finance, Standard & Poor's (London) |
| Topic to be announced | Alexander Vinokurov, Chairman of The Board, CITFinance Investment Bank |
| Topic to be announced | Konstantin Saprykin, Deputy Chairman of the Board, Bank Soyuz |
| 11:30-11:50. Coffee-Break |
| 11:50-13:20. Russian bond market: view of financial institutions |
| Corporate debt tranches: past and future | Evgeny Kochemazov, debt securities origination department, Vneshtorgbank |
| Investment strategy for 2006: expected global and Russian interest rates, Rouble exchange rate and other indicators | Artur Arakelyan, Head of bond market analytics, MDM-Bank |
| Russian bond market for medium sized companies | Georgy Aksenov, Analyst, Antanta Capital |
| Floating rate notes: now in Russia | Roman Zilber, Head of corporate finance and investment banking, Raiffeisen Bank |
| Russian bond markets: growth perspectives and new investment opportunities in 2006 | Nikolay Podguzov, vice-president, TRUST Investment bank |
| 13:20-14:40. Lunch |
| 14:40-16:20. Sovereign, quasi-sovereign and municipal borrowers |
| Government bonds market | Alexander Sherbakov, deputy head of government debt department, Ministry of Finance |
| Agency for Home Mortgage Lending (AHML) - activity on the bond market | Leonid Vekshin, head of finance department, Agency for Home Mortgage Lending |
| Russian Railways debt policy | Yury Novozhilov, deputy head of finance department, Russian Railways |
| Debt policy of the City of Moscow | Alexander Chumachenko, Deputy head of State Debt Committee of the City of Moscow |
| St. Petersburg debt policy and risk minimization | Edward Batanov, Deputy Chairman of the St. Petersburg municipal Finance Committee |
| Support for Sub-Sovereign Borrowers - Partial Credit Guarantees and Other Means of Support, Experience of IFC and the Municipal Fund | Elena Burganskaya, Principal Investment Officer, International Finance Corporation (Moscow) |
| 16:20-16:40. Coffee-Break |
| 16:40-18:10. Corporate bond market |
| AFK Systema on the debt market | Andrei Blyznyk, Head of Investor Relations, AFK Systema |
| Construction industry and mortgage market - already safe, still cheap | Igor Frolovsky, Head of Securities Department, Bank of Moscow |
| North-West Telecom on the debt market | Venera Husnutdinova, Financial Director, JSC North-West Telecom |
| Southern Telecom on the debt market | Representative of Southern Telecom Company |
| SOK Group on the debt market | Bizhan Akhmedov, Head of project financing department, SOK group |
| Kamskaya Dolina: experience of bond placement | Vladimir Puchnin, CFO, Kamskaya Dolina |
| 18:10-18:20. Annual award for best bond market analysts |
| 19:00-22:00. Dinner for the Conference participants at Pauliner Restaurant |
Day 2 (Dec, 9)
| 09:40-11:30. Eurobond market: conditions and potential for Russian borrowers |
| Russian issuers' eurobond market: results of 2005, prospects for 2006 | Jan Mutsaers, Head of Debt Market Origination EEMEA and High Yield, ING |
| New structures of eurobonds for Russian issuers: subordinated bank bonds, securitization, guaranteed bonds | Vera Spiridopoulo, Vice President, CEEMEA Bond Origination, Deutsche Bank AG London |
| Relative value of Russia in EM universe | Dmitri Shemetilo, PhD, CFA, Emerging Markets Strategy, WestLB |
| Moody's view on the Russian securitization market: Lessons learned from a case study | Christophe De Noaillat, Moody's Investors Service |
| International debt instruments as securitization vehicle for Russian banks | Alex Medlock, Head of Origination - Capital Markets, Moscow Narodny Bank |
| 11:30-12:00. Coffee-Break |
| 12:00-13:40. Interest rates on the Russian bond market, risks and investment opportunities | 12:00-12:30. Credit Linked Notes: the debt paper "in between" the domestic and external markets |
| Activity of the investment banks' and companies' analysts on the bond market: outside perspective | Sergey Zaverskiy, Lead Researcher, Institute for Complex Strategic Studies | Investors breakdown on the CLN market | Olga Gorokhovskaya, senior manager fixed income department, Alfa-Bank |
| Global interest rates: forecast for 2006 | Pavel Lukyanov, Debt markets strategy, Soyuz Bank | Rouble bonds for international investors: delivering exposure through credit derivatives and structured products | Stepan Amosov, Local Origination Manager, ING BANK (EURASIA) |
| Russian interest rates: forecast for 2006 | Michael Zak, Deputy head of market analytics, Gazprombank | 12:40-13:40. Promissory notes market |
| Round table: interest rates - forecast for the year 2006 | Analysts from investment banks | Russian promissory notes market in 2005 | Oleg Dulebenets, Deputy CEO, Region Financial Advising |
| | | Promissory notes placement on regional financial market | Sergey Bokarev, Head of Investor Relations, Nezabudka-Service (Chelyabinsk) |
| | | Bonds or promissory notes? Experience of INPROM JSC. | Samir Dida, head of investor relations, INPROM |
| | | New technologies on the promissory notes market and ways to minimize corporate risks | Michael Skvortsov, CEO, FC Russian Investment Club |
| Lunch |
| 15:00-16:20. Workshop: How to arrange the first bond issue (by BDO Unikon) | 15:00-16:20. Risks and ratings of Russian issuers. Development of the issuers' rating practice in Russia |
| Process of preparation to bond issuance | Natalia Odintsova, Financial Consulting Director, BDO Unicon; Mario Mazidovski, IFRS Department Direcotr, BDO Unicon | Topic to be announced | Aleksey Novikov, analytical director, Standard & Poor's (Moscow) |
| Aspects of preparation to mortgage loan issuance by the example of the Home Finance Bank (Bank Zhilishnogo Finansirovania) | Igor Frolovsky, Head of Securities Department, Bank of Moscow | Moody's agency's approach to evaluation of Russian borrowers' credit risks | Alexander Rzhanov, CEO, Moody's Interfax Rating Agency |
| Market and legal requirements to the issuers | Rostislav Kulak, Head of Debt Capital Market Department, Moskommertsbank | Risks and ratings of Russian financial institutions | James Watson, Head of financial institution analytic department, Fitch Ratings |
| Issuance of public finance instruments by "complex" issuers, state-owned companies, municipal governments and republics - challenges and solutions | Dmitriy Steinsapir, CEO, Prospect Investment Company | Development of credit ratings in Russia | Dmitry Grishankov, CEO, Expert Rating Agency |
| JFC - successful experience on the securities market | Yulia Rudakova, Deputy CFO, JFC | | |
| 16:50-18:00. Russian bond market: growth points | 16:50-18:00. Bond market: new names |
| Structure of investors on the domestic bond market | Alexander Kudrin, fixed income analyst, Troika Dialog | Food-master (Novosibirsk) | Andrey Alekseev, CEO, Food-master |
| Fixed income derivatives in Russia | Roman Goryunov, Head of derivatives department, RTS Stock Exchange | Complex-Oil (Nizhny Novgorod) | Dmitry Guryashim, CFO, Complex-Oil |
| Zero-coupon yield curve. Methods of calculation and ways of application. | Michael Temnichenko, Head of standard contracts department, MICEX | CITEX Corporation (Novosibirsk) | Elena Kostenko, managing director, CITEX Corporation |
| Financial accounts of Russian borrowers | Evgeny Samoilov, CEO, Baker Tilly Rusaudit | Oslo Marine Group (Saint-Petersburg) | Vitaly Arkhangelsky, CEO, Oslo Marine Group |
Party for the Conference participants.
Special guest - Vyacheslav Butusov and U-Piter
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