In a drive to increase awareness of best market issuance practices and equity markets, Standard Bank in partnership with Nico Asset Managers, Savjani and Malawi Stock Exchange is today hosting a symposium on bond Capital Markets in Malawi.
Standard Bank Head of Investment Banking Shakil Sattar said the objective of the Bond Symposium is to provide a platform to discuss Debt Capital Markets (DCM) in Malawi and the Region.
“This symposium will provide a platform for us and the stakeholders to increase awareness of best market issuance practices for privately placed and public issues,” he said.
He said Standard Bank Investment Banking unit is well equipped to share best practices on DCM based on its leverage and exposure to regional and international capital markets in Africa where its head office is in Johannesburg, the continent’s financial power base.
Standard Bank Investment Banking team also works with other international finance houses to manage DCM portfolios and is responsible for providing advice on the raising debt for acquisitions, refinancing of existing debt, or restructuring of existing debt.
In his official opening remarks Reserve Bank Deputy Governor ,Supervision Dr Grant Kabango described the Symposium as key to economic development of the country.
“Let me thank Standard Bank and other partners for organizing this symposium and particularly for their interest in the development of capital markets in Malawi and for putting together this symposium which is not only key to the stakeholders present here today but to the economy as the a whole,” Kabango said.
Kabango said the symposium will provide grounds for the development of country’s capital markets.
” I have no doubt that contributions from this symposium today will provide grounds for the continued development of our capital markets , which has the potential to be a key source of funding for entities,” he said
Among the topics to be discussed are Regional overview of Debt Capital Markets and International Best Market Practice, Malawi’s Bond market and public issuance of debt instruments a legal perspective on Debt Capital Markets.