Convertible Bonds in Brazil
Convertible bond offerings in the U.S. financial markets have recently increased: issuances in the second quarter of 2008 reached US$35.2 billion, more than double the number issued in the first quarter of the year and 18.5% above the same period in 2007. These hybrid securities have become especially attractive in the current market because they allow issuers to raise capital at lower interest rates than those usually demanded by investors in a regular bond issuance, while providing investors with a fixed income stream and potential upside equity participation, as well as a debt claim in any bankruptcy prior to conversion. These features have drawn increasing attention from Brazilian issuers. However, the significant potential of the Brazilian convertible bond market has been constrained by corporate laws and regulatory issues.
Please join IBRADEMP for a discussion of the business, legal and regulatory issues concerning convertible bond offerings in the U.S. and Brazilian markets.
Speakers:
John D. Lobrano is a partner at the New York office of Simpson Thacher & Bartlett LLP, where he is a member of the Capital Markets and Mergers and Acquisitions practice groups. Mr. Lobrano regularly advises on domestic and international securities offerings, with a particular specialization in offerings of convertible bonds and other equity-linked securities. Mr. Lobrano's capital markets engagements have included representations of North American, South American, European and Asian issuers and major investment banks.
Daniel Calhman de Miranda is a partner in the Banking and Capital Markets groups of Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados. Mr. Miranda is also the resident partner of the New York office of Mattos Filho. He has advised public companies and investment banks on a broad range of corporate matters, capital market transactions and regulatory issues. He has also assisted in structuring convertible bond offerings for various Brazilian issuers, including NYSE-listed companies.
Additional speakers to be confirmed.
Event Coordinators:
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S. Todd Crider, Partner, Simpson Thacher & Bartlett LLP
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Fernando Szterling, Associate, Simpson Thacher & Bartlett LLP
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Adriana Kertzer, Associate, Simpson Thacher & Bartlett LLP
IBRADEMP Coordinators:
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Marcello Hallake, Partner, Thompson & Knight LLP
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Marcio Mello Silva Baptista, Partner, TozziniFreire Advogados Guilherme Ferreira, Emerging Markets, Barclays Capital
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Beatriz Franco, Executive Director, Capital Markets, JPMorgan Chase & Co.
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Free Registration CL
Credit provided
RSVP and information: [email protected]
Due to building security it is important you RSVP in order to have your name at the security desk upon arrival. Please bring a government-issued photo ID and allow yourself additional time to get through security.
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IBRADEMP's Officers
Ecio Perin Junior
Daniel Kalansky
Luis Henrique Mori Peyser
Rodrigo de Paula
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Event Host
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