19 September 2023 09:00 - 16:15@ Luxembourg, Luxembourg
Format: In-person
Date: 19th September 2023
Location: Luxembourg
The second European SSA forum from OMFIF’s Sovereign Debt Institute will bring together leading European sovereign and public sector borrowers with global fixed income investors to address the key issues affecting the market. These are high-level, strategic discussions in a collaborative setting, which do not shy away from difficult subjects and in which interactive debate between attendees is facilitated by OMFIF’s moderators.
The first forum in September 2022 brought together the heads of the French, German, Italian and Dutch debt management offices along with senior funding officials from the European Union, European Investment Bank and KfW. Topics of discussion included liquidity challenges facing sovereign borrowers and the impact of the EU’s €800bn funding programme on other large borrowers in the region. Over 350 attendees joined the event virtually, with investors and issuers making up around half of the audience.
The liquidity challenges faced by public sector borrowers is an area that the SDI has focused on throughout 2023, beginning with the publication of our survey of more than 30 leading issuers in January, which highlighted the need for a re-set in the relationship between primary dealers, issuers and investors.
The September forum will go further in exploring how the relationship between borrowers and their intermediaries can evolve with the use of incentives, and how banks are coping with their obligations in tougher market conditions. It will examine investor relations in more volatile markets and the challenge of finding clear issuance windows.
It will also hear directly from leading investors on how their approach to investing in high-quality, public sector assets has evolved and what issuers need to do to maximise their participation in debt programmes. The agenda will include a dedicated session on the development of the retail government bond market and a discussion examining the sustainable finance market.
