Day One - Wednesday 19th November 2008

08.30 Registration and morning refreshments

09.05 Chairman's opening remarks

Keith Mullin, Editor - In -Chief , IFR

09.15  LatAm economic outlook

• Considering whether decoupling still holds valid; to what extent is external volatility stalling growth, or is LatAm still a haven from the US and Europe?
• Conversely, is market turmoil in the US creating value for investors; does this mean money is likely to be reallocated out of Latin America?
• Local currency debt - an emerging asset class?
• Examining the fundamentals behind recent investment rating upgrades, and looking at the implications
• Navigating Latin America – is there a divide between top and junk nations?
• Exploring drivers of LatAm economic growthCommodity price outlook for 2009
• Discussing the implications of inflationary pressures across the region

Drausio Giacomelli, Managing Director, Head of Emerging Markets Strategy, Deutsche Bank 

09:40 The horizon for Latin American debt markets

• How has interest in Latin America been affected by the credit squeeze?
• Assessing the outlook for sovereign and corporate issuance in 2009: What sort of levels are we likely to see?
• Who will be coming to market?
• Assessing pricing levels and risk

Gerardo Mato, Managing Director, Co-Head of Global Banking, Head of Global Capital Markets and Liability Solutions - Americas, HSBC
Katia Bouazza, Co-Head of Global Debt Markets Latin America, HSBC

10.10 Bonds - Dual Presentations

• Local currency vs USD issuance
• Is the market back open for business?
• Assessing the size and terms of deals
• Discussing levels of interest; are investors finding better relative value and more compelling yields elsewhere?
• Considering prospects for a LatAm high yield market.
• Understanding region-specific risk vs. returns

Chris Gilfond, Managing Director, Co-Director of Latin America Credit Markets, Citi
Mark Tuttle, Head of Debt Capital markets - Latin America, JPMorgan

10.55 Loans

• Navigating the LatAm loans landscape: reviewing volumes, deals, and prospects
• Exploring the drivers of loan market activity, in particular project/infrastructure finance
• What is the future for local currency syndicated loans?
• Typical pricing structures, spreads and fees: comparing and contrasting blue chip and lower-tier borrowers
• Examining the scope of the secondary loan market

Mario Espinosa, Managing Director and Co-Director, Latin American Credit Markets, Citi

11.25 Morning refreshments

11.45 Securitisation

• Reviewing recent trends and activity, and the outlook for the next 12 months across various parts of the region
• Examining performance of LatAm ABS, and exploring the implications of pricing levels for ABS vs. debentures
• Discussing investor appetite and exploring deal structures
• Which areas of assets are yet to be explored? Looking at new asset classes set to be securitised
• RMBS/CMBS – What stumbling blocks need to be overcome for the market to bloom?

John Tonelli, Head of Emerging Markets Structured Finance, JPMorgan
Susan Romo, Managing Director, Fixed Income, Latin America Debt Capital Markets, Credit Suisse Securities
Ricardo Corradi Leoni, Director, Debt Capital Markets and Securitisations, Santander

12.15 Sovereign panel

• Outlining sovereign priorities over the next 12 months
• Borrowing needs
• Considering the implications of the current upward ratings trajectory and money inflows into LatAm
• What is the balance between local and external markets? Local and international debt?
• Assessing liquidity levels
• Do sovereigns need to continue buying back their international curves?

Carlos Steneri, Director, Debt Management Unit, Ministry of Finance of Uruguay
Paulo Fontoura Valle, Deputy Secretary in charge of Public Debt, Brazilian National Treasury

13.00 Lunch

13.45 LatAm country overviews

14.00 Brazil

• Evaluating recent levels of issuance and discussing the outlook for 2009. Have the floodgates been burst after May’s upgrade to investment grade?
• Examinig the growth of private equity in Brazil and implications for the economy
• Looking at M&A activity and acquisition financing
• Considering increased access to debt markets in Brazil

Sandy Severino, Managing Director, Latin American Credit Markets, Citi

14.30 Mexico

• A brief economic outlook – will inflation continue to rise?
• Assessing the prospects for equity issuance and M&A activity
• What are the prospects of a revival in Mexican subordinated debt issuance?
• When are we likely to see interest in longer fixed-rate tranches?

Eduardo Levy-Yeyati, Head of Latin America Research, Barclays Capital

15.00 Chile

• Assessing current and projected growth levels
• Which asset classes are attracting investment?
• Prospects for debt issuance

Alonso Molina, Head of Debt Capital Markets Americas, BBVA Securities Inc.

15.30 Afternoon refreshments

16.00 The Andes Region

•  Who are the main players in the region?
• A review of recent activity
• Colombia has improved stability and therefore issuance but what level of due diligence
• is required to reduce risk in this and other similar countries? 

Luis Oganes, Managing Director, Head of Latin America Research, JPMorgan

16.30 LatAm corporate panel

• Looking at anticipated investment needs and preferred financing tools
• Local or international markets?
• Exploring USD vs. local currency borrowing, and how inflationary pressures are impacting the mix
• Examining the recent fallback in corporate bond issuance – are borrowers now able to tap the markets again? What are the drivers for issuance? Is the market open again?
• Will deals be tighter covenanted in the near term?
• Which sectors show greatest growth potential?
• Considering the prospects for M&A activity in 2009

Ricardo Acquino, New Business Director, Equipav
Theodore M. Helms, Executive Manager - Investor Relations, Petrobras 

17.05 Chairman's Closing Renarks

Day Two - Thursday 20th November

09.00 Registration and morning refreshments

Keith Mullin, Editor-In-Chief, IFR

09.35 Financing LatAm infrastructure projects

• Surveying the scope, scale and size of regional project activity and highlighting notable major projects
• Types of financing
• Identifying and evaluating risks and challenges of financing Latin American energy and infrastructure projects 
• Credit and equity outlook for private, corporate and institutional financing of projects
• Examining the prospects for Public-Private Partnerships across the region
• Challenges in financing energy projects including LNG, Oil, Power and alternative energy projects 
• Delivering transportation projects including financing, refinancing and concession activity

Conor C. Kelly, Managing Director, Scotia Capital
Valérie Barnich, Senior Manager, Finance and Acquisitions, Investments and Financial Advisory, Suez Energy
Willem Sutherland, Managing Director, Infrastructure Finance, ING Capital LLC
Michael Zander, Managing Director, Natural Resources, ING Capital

10.00 Financing Public-Private Partnerships in Brazil

• How far have Public-Private Partnerships been embraced in Brazil, and what is the project pipeline for new partnerships in the region?
• How will PPPs be financed, what is the mix of public and private funding and what will attract investors?
• How developed are primary and secondary markets for PPP investments in Brazil?

Luiz Ferreira Xavier Borges, Lawyer, (BNDES) Brazilian Development Bank

10.30 LatAm environmental and renewable energy finance

• Discussing the outlook for environmental finance
• What types of financing does the sector require?
• Determining levels of risk and return
• Examining the LatAm carbon credit market, and considering prospects for securitisation of future flows

11.00 Panel Session - Investors 

• What is attracting money into Latin America?
• How has the credit crunch impacted investment plans for Latin America?
• Debt or equity markets? Sovereigns or corporates?
• What is currently attracting the attention of institutional investors? Where are they putting their cash?
• What do investors consider to offer good value? A brief overview of asset classes by sector, location, market and product type
• How do investors evaluate LatAm local currency debt as an asset class?

George Estes, Sovereign Credit Analysis, GMO LLC
Sarjeev Sidhu, Global Head of Emerging Markets, AEGON USA Investment Management
Hari N. Hariharan, Chairman and CEO, NWI Management LP

11.45 Chairman's closing remarks and end of conference, followed by lunch