Understanding Perpetual Convertible Securities (PCS) for accountants - Workshop 2018

Over the past few years, the PCS market in Asia has been very active, given that investors are searching for yields in the current low interest rate environment, whilst enjoying the potential equity upside. This workshop aims to give you an understanding of the structural complexity in Perpetual Convertible Securities (PCS), the rationale of issuing PCS and its risk-return profile.

Key topics covered:

• Latest trend of PCS market in Asia
• Overview of different types of PCS issued by the listed issuers
• Rationales behind issuing PCS from the perspective of the listed issuers
• Key structural features embedded in PCS and its implications to the investors
• Case Study

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. D Tang is experienced in providing both internal and external training to various investment and corporate banks, government supervisory bodies, and various professional institutes. He is also an author of an investment book.

Learning objectives

• Understand the latest development of PCS market
• Identify the key features of PCS in Asia
• Understand the rationale behind the issuance of PCS in Asia
• Apply structural features of the PCS
• Gain knowledge of key risk and return analysis for PCS investors and its implications

Audience

This workshop is suitable for finance professionals, accountants, relationship managers, investors, and anyone who are interested in perpetual convertible securities.