Convertible Bond (CB) workshop for accountants - Workshop 2018

This workshop is specially designed for private investors, finance professional, and fixed income sales managers who intend to understand the various structured features of convertible bonds commonly sold to the investors in HK.

Gain insights on various convertible bonds (both plain vanilla and structured) sold in Asia. The workshop will also introduce a structural analytical framework for convertible bond investment. It will unveil the payoff mechanism of convertible bond and its risk-return analysis and key credit documentation from fixed income product specialist perspectives The workshop will be supplemented by real case studies for practical application.

Key topics covered:

  • Review of CBs market and its its latest development 
  • Understanding the Principal Protection Framework & Trading Framework for CB investment
  • Insight of different types of convertible bonds in the market, including Exchangeables, Synthetic Convertibles, Cross Currency Convertibles
  • Insight on various key features of convertible bond investment, including
  • Hard call vs Soft call
  • Put Features
  • Coupons calculation on conversion, put & early redemption
  • Dividend pass through
  • Key credit protective terms of CBs
  • Case Studies

Trainer profile:

D Tang has over 20 years of experience in risk management and product risk analysis at various leading US and European investment and corporate banks. His product coverage ranges from trade finance to syndicated loans, derivatives and structured products, and leveraged financing for corporate (SME and corporate) banks, financial institutions and funds in Greater China and SE Asia region. Mr Tang is also experienced in providing both internal and external training to various investment and corporate banks, government supervisory bodies, and various professional institutes.

Learning objectives

  • Understand different types of convertible bonds in the market and the key risk drivers
  • Learn about the structural bond investment analytical framework from principal protection and trading perspectives
  • Discover the key features of convertible bonds and its impact on risk and return
  • Understand the key credit protective documentation of convertible bond issues

Audience

The workshop is suitable for Finance professionals, Accountants, Relationship managers and Investors.

6 hours

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