Introduction to Securities Markets

Course Overview

This is a one-day programme for those wishing to look at the various alternatives when raising finance on the global capital markets. We will look at equity markets, how a stock exchange works and running through a typical IPO procedure. Fixed income alternatives are explored, with the various bond market products available, including basic securitisation. We look how investments banks can help and also explore private equity and venture capital solutions. No previous knowledge is assumed, and we will try to explain the terminology and products clearly and concisely.

Course Outline

THE GLOBAL CAPITAL MARKET

• The key markets and how they link together
• Money markets
• Bonds/fixed income
• Equity
• Foreign exchange
• Derivatives
• Debt/equity funding alternatives

EQUITY MARKET FUNDING

• The London Stock Exchange
• International stock exchange listings
• Methods of issuing equity
• Offer for sale, rights issues, introductions
• The IPO process
• Investor relations -maintaining confidence

BOND MARKET ALTERNATIVES

• Key features of debt products
• Domestic and international markets
• Fixed/floating bonds and hybrids
• The roles of issuers, investors and intermediaries
• Ratings agencies
• High yield debt
• Securitisation -asset backed securities

PRIVATE EQUITY/VENTURE CAPITAL

• Private business partners
• Terminology explained -MBO,MBI,BIMBO
• MBO dynamics
• Exit strategies
• Investment banks- how can they help?