9th Annual Conference - Euromoney Institutional Investor PLC

14.40 Can the leveraged boom continue?• Have we reached the top of the market yet?• Deconstructing the trends:• Ever increasing multiples• Growing deal sizes• Falling pricing• In such a liquid market how difficult is it to provide satisfactoryfinal allocations?• Is regulator concern justified?Paul McKenna, Head of European Leveraged SyndicatedFinance, ING15.10 Panel discussion: Delving into thesubordinated debt market• Examining differing debt structures• Second lien versus mezzanine – what is the favoured weaponof choice?• Will mezzanine extend to corporate deals - not justsponsor deals?• What impact are increasingly active institutional investors havingon this market?• Outlook for 2007Simon Hood, Head of Leveraged Loans and Mezzanine,European Credit ManagementJohn Foy, Head of Leveraged Finance, Prudential M&GDavid Wilmot, Managing Director, Babson CapitalRobin Doumar, Managing Partner, Park Square Capital15.55 Afternoon tea and networking16.30 M&A activity – the oxygen of the market• Is the current volume proving sufficient?• Analysing deal flow by sector• Energy• Steel• TMT• Corporate acquisition strategies – why is the UK a prime targetfor overseas acquisitions?• Lending for ancillary business – still a relevant consideration?• Dealing with obstacles – political and shareholder opposition• Hot sectors for 2007Steven Victorin, Managing Director Global Fixed Income CreditMarkets, Citigroup Global Markets Limited17.00 Panel discussion: The private equity view ofthe Western European loan market – anevergreen option?• How Europe compares to other developed and alternativedeveloping markets• Reviewing the different market segments by deal size• Consortium deals and jumbo LBOs – is any target too big?• Favourable capital liquidity – aggressive pricing and structureshere to stay?• Evaluating acceptable levels of debt on companybalance sheetsJames Stewart, Director, ECI Partners LLPVince O’Brien, Director, Montagu Private Equity17.30 A revised approach to speculative-graderating methodologies• Assigning syndicated loan ratings in the context of ever-evolvingdebt capital markets• The methodology underpinning the Probability of Default andLoss Given Default rating framework• Factoring European considerations into the modelling offinancial and non-financial debt claims• Practical insight using stylised examplesDavid Staples, Team Managing Director, European CorporateFinance Group, Moody’s Investors Service18.00 Chairman’s closing remarks followed bycocktail reception sponsored byDay Two: Wednesday 28 th March 20078.45 Coffee and registration9.30 Chairman’s welcome and opening remarksDeclan McGrath, Managing Director, Head of EuropeanCorporate Loan Markets, The Royal Bank of Scotland9.45 Exploring the relationship between Europeanand US loan markets – uncovering correlationand causality• Market evolutions – who is leading the trends?• How the markets differ – deal structure, lenders and borrowers• Are European companies structuring and completing betterdeals than US counterparts?• The emergence of purely institutional investor deals in Europe– the beginning of a shift?• Differing loan templates – a need for standardisation?• Rating of loans – is Europe still a private market relative to the US?• Stronger focus on relationship lending in Europe vis-a-vis the USKim Humphreys, Head of Corporate, Sovereign and ProjectSyndications, Mizuho Corporate Bank and Chairman,Loan Market Association10.15 Key lessons for participants seeking returnsfrom the oil and gas sectors• What is driving borrower demand?• Understanding the varying nature of reserve risk lending• Mitigating country risk• Oilfield services finance – a thirst for investment?• Dynamics of lending – from syndication to SPVs• Looking beyond off-shore – M&A set to explode?Niek Broeijer, Global Head of Loan Syndications, Fortis10.45 New opportunities for yield – lookingeastward and beyond• Global liquidity looking for new locations• What to expect in:• CEE• Russia & CIS• Even further afield• Key considerations when venturing into emerging marketsCharles Griffiths, Head of Origination – Europe,Bank of Tokyo-Mitsubishi UFJ11.15 Morning coffee and networking11.45 The tail wagging the dog – Europeanloan trading• The unprecedented demand from institutional investors• Distressed debt to drive further activity?• Documentation considerations for loan transfers• What is the impact upon the primary market?Rebecca Manuel, Head of European Loan Syndicate,The Royal Bank of Scotland12.15 Buying into the LCDS furore• Where is the demand coming from and why?• Hedging portfolios against a credit downturn• A highly lucrative trading option• The impact of synthetic CLOs• LCDS indexes set to transform secondary trading?• Potential to influence the primary market?Leander Christofides, Head of Loan and LCDS Trading,JP Morgan12.45 Understanding the inherent opportunities ofIslamic syndicated lending• Developing Shari’ah compliant products• How the Islamic structure differs from the Western syndicatedloan model• Identifying the nature of borrowing needsMohamed Nassim Faiz, Vice President, Project Finance andSyndications, Dubai Islamic Bank13.15 Chairman’s closing remarks, lunch and closeof conferencevision of Euromoney Institutional Investor PLC.

9th Annual Syndicated Loans Conference27 th & 28 th March 2007 • Royal Garden Hotel, LondonTo register for this event please complete your details below:Full Registration Fee £1,299Early Bird Registration Fee £1,099(Register before 9th February 2007 and save £200) +VAT 17.5%Total Remittance5 EASY WAYS TO REGISTERwww.euromoneyplc.cominformation@euromoneyplc.com+44 (0) 20 7246 5200+44 (0) 20 7779 8673(PLEASE PRINT)Title/First Name/Last Name:DELEGATE 1METHOD OF PAYMENTComplete and return to: Alberto AnidoEuromoney Seminars, Nestor House,Playhouse Yard, London, EC4V 5EX, UKFor further information on sponsorship or exhibitionopportunities please contactTel: +44 (0) 20 7779 8673Fax: +44 (0) 20 7246 5200Email: information@euromoneyplc.comPlease quote ELE832 on all correspondencePayment may be made in one of four easy ways – please tick theappropriate box 4Position:Organisation:1. Please debit my credit cardAddress:Card No:Mastercard Visa Amex Diners ClubPostcode:Country:Expiry Date: /Tel:Fax:Card Verification Check:(last 3/4 digits printed on signature strip of card)Email:Title/First Name/Last Name:DELEGATE 2Cardholder’s Name:Signature:Position:Address:Organisation:Postcode:Country:2. Payment by Bank transfer should be made through Lloyds TSB Bank Plc,City Office, PO Box 72, Bailey Drive, Gillingham Business Park, Kent, ME8 0LS, UKBeneficiary: Euromoney Seminars Account No: 01938032Sort code: 30-00-02, IBAN No: GB 53 LOYD 300002 01938032Swift Address: LOYD GB2 LCTY quoting ELE832. All charges to be paid by sender.Tel:Fax:3. CHEQUES should be drawn on a UK Bank and made payable to Euromoney Seminars.A receipted invoice will be sent to all delegates.Email:Please photocopy this form for additional delegates.The information you have provided will be safeguarded by Euromoney Seminars who will use it to keepyou informed of relevant Seminars in the future. Please tick how you would prefer to receive futureinformation Mail Fax Email and fax back this form to +44 (0)20 7779 8603. We may wish to makeyour details available to sponsors of this particular event, or to other reputable organisations who maywish to contact you. Please tick this box if you would prefer your details to remain confidential and faxback this form to +44 (0)20 7779 8603. Euromoney Seminars is part of the Euromoney Institutional InvestorPLC Group, who may also use your data to keep you informed of relevant products and services bothdomestically and internationally. If you object to being contacted by telephone , fax or email inrespect of this, please tick the relevant box and fax back this form to +44 (0)20 7779 8603.4. Invoice me (please note this option is only available on bookings made before 9thMarch 2007, after this date credit card details are required).Please complete and return this form together with a copy of your credit card number, banktransfer or cheque, payable in UK£ to Euromoney Seminars, and send by post or fax to:Euromoney Seminars, Nestor House, Playhouse Yard, London EC4V 5EX, UK• Tel: +44 (0) 20 7779 8999 • Fax: +44 (0) 20 7779 8603• Email: registrations@euromoneyplc.com • www.euromoneyseminars.com/loans07CANCELLATION POLICY:If you cannot attend you must cancel your registrationin writing by 9th March 2007 to receive a refund less a10% administration charge. We cannot accept verbalcancellations. Cancellations received after 9th March 2007are liable for the full conference fee. We suggest you send asubstitute to attend in your place at no extra charge.REGISTRATION FEE:The registration fee includes participation in the Conference,lunches and documentation material, which will bedistributed at the beginning of the event. All bookings areconsidered binding on receipt of the booking form.CANNOT ATTEND?Please pass this brochure on to a colleague or you canpurchase the documentation for £499 (inclusive of courierdespatch). If your company is registered within the EUplease supply your VAT number.ADMINISTRATIVE INFORMATION9th Annual Syndicated Loans Conference • 27 th & 28 th March 2007 • Royal Garden Hotel, LondonFor immediate information onthis and related events, please callUK +44 (0)20 7779 8673or alternatively emailinformation@euromoneyplc.comVENUE:Royal Garden Hotel2-24 Kensington High StreetLondon W8 4PTTel +44 (0)20 7937 8000Fax +44 (0)20 7361 1991Nearest Underground station is High Street KensingtonTRAVEL & ACCOMMODATION:For all accommodation please contact the reservationsteam at Banks Sadler on +44 (0)1904 682639 or emaileuromoneyseminars@banks-sadler.co.uk. Banks Sadlerhave negotiated preferential room rates on behalf of allEuromoney delegates and look forward to assisting youwith the best accommodation for your budget. Pleasemention that you are attending Euromoney Seminars’9th Annual Syndicated Loans Conference.