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New Dates: ICMA Training Course: Introduction to Green Bonds

 



Date and Venue


Date: 15-16 May 2018
Time Day 1: 
08.30 - 16.50 - Followed by networking drinks
Time Day 2: 08.30 - 16.45

Venue:
International Capital Market Association (ICMA) Limited
23 College Hill
London
EC4R 2RP


Overview

The GBP are the voluntary guidelines that underpin this market globally. These guidelines recommend transparency and disclosure for issuers of green bonds, helping investors to make informed decisions about their environmental features. 
The GBP are supported by a community of over 250 institutions worldwide. These Members and Observers of the GBP assemble leading  marketparticipants and stakeholders. The breadth and quality of this community underlines the fact that the GBP are used globally as a reference for best practice, both in developed and developing markets.
Green bonds are a means of raising finance for projects with environmental benefits. In 2017 over 200 issuers, among them sovereigns, munis, corporates, development banks and other financial institutions, raised more than $150 billion through green bonds.  

Green bonds aligned with ICMA’s Green Bond Principles (GBP),  have become a model for sound, scalable and widely supported practice in sustainable finance. These voluntary guidelines underpin the market by making recommendations for transparency and disclosure to issuers, helping  investors to make informed decisions about the bonds' environmental features.

The GBP are supported by a global community of over 250 institutions and are used as a reference for best practice in developed and emerging markets. 

Green bond learning for practitioners

This two-day course from ICMA gives a thorough and practically oriented introduction to the essentials of green bonds. Developed and delivered by a combination of leading market practitioners and ICMA’s green bond experts, the material also benefits from input from members of the GBP Executive Committee, comprising the elected representatives of the most significant issuers, investors and underwriters in the green bond market. 

The course introduces underlying market drivers, the evolving regulatory framework and the main features of the green bond product and market based on the GBP. These are brought to life by case studies from a wide range of leading market participants and service providers, representing the main types of actor in this market. 
 
It includes essential definitions of what constitutes a green bond issue and a detailed review of how the Green Bond Principles work. It explains practicalities from different perspectives, including those of the issuer, intermediary, investor, service provider and regulator. It spans the preparation and execution of issuance, the central role of external reviews, and the associated reporting, from use of proceeds reports to impact reporting. It introduces the role of intermediaries and explores strategies deployed by prominent investors in green bonds. Concepts are illustrated by examples from leading practitioners, and a wide range of case studies, notably on transactions and external reviews internationally, to help candidates prepare for practical implementation. The case studies offer relevant insights from across geographies and sectors. Importantly there are interactive workshops to cement key learning outcomes from the course participant’s perspective.While focusing on green bonds the course also looks at developments in the social and sustainable bond markets, which have started to flourish, building on the success of green bonds. ICMA & the GBP Executive Committee have led the way with the introduction of Social Bond Principles and Sustainability Bond Guidance in 2017.

After completing the programme, you should understand:
  • Recent trends and potential future developments and opportunities for green bonds 
  • Views from practitioners at ICMA and the GBP Executive Committee and other key players on why the market matters and how it works
  • Foundation skills for taking part in the green bond market - how and why to align with and apply the GBP, including:
  • Benefits of green bonds and developing the positioning in your organisation
  • Decision-makers: Identifying who is relevant
  • Strategy: Alignment with overall corporate / environmental strategy
  • Regulation: The GBP’s importance in regulatory trends 
  • Players: Mapping leading market players 
  • GBP-aligned issuance framework: 4 pillars of green bonds aligned with the GBP 
  • Defining green: Types of environmental project eligible for green bonds
  • Reporting: Recommendations and practice in reporting, including use of proceeds and impact reports, and templates offered by the GBP
  • External reviews and other services: The role and value-added of service providers, notably external reviews foreseen by the GBP and increasingly by regulators.
  • Buy-side considerations: Integrating green bonds in investment strategy and practice 
  • ICMA-GBP Membership & Services: Advantages of joining the GBP community - support and promote your future green bond activities
  • Crucially, you will acquire understanding of the perspectives and roles of the key players in the Green Bond market including –regulators, investors, underwriters, issuers, external reviewers including rating agencies, stock exchanges, data and index providers 

Who should attend?

The programme is intended for:
  • Firms who are looking to issue or invest in bonds linked to environmentally beneficial projects 
  • Market professionals involved in underwriting, research or professional services for green bonds; this includes capital markets lawyers, external reviewers including rating agencies, stock exchanges, data and index providers official sector representatives promoting, supervising or developing policies on sustainable finance and with a special interest in viable market solutions such as green bonds and their potential implications for other asset classes
  • Press, academics and other professionals with an interest in sustainable finance and the merits of green bond markets
It assumes basic knowledge of financial markets, specifically fixed-income.

Delegate Fees

ICMA Member & Green Bond Principles Members & Observers: £1,750 + 20% VAT
Non Member: £2,275 + 20% VAT

Delegate fees are payable, in advance of the course start date, by credit card (Visa, MasterCard) or on receipt of an invoice. 

This course is open to all ICMA members, Green Bond Principles Members & Observers and interested financial market participants; however registration in advance is essential.


Please do not book your travel until advised to do so by ICMA. We will inform you when the course is confirmed to go ahead.

For security reasons, delegates who have not registered in advance will not be admitted to this training course. Delegates will be required to provide photo identification on arrival, to ensure entry.

If you have any queries regarding this event please contact Katherine Fernandes.



The training course is classroom based and runs over 2 full business days. It is taught by ICMA staff who work with the Green Bond Principles community.

Day One
Monday 16 April 2018
Day One

Tuesday 15 May 2018

08:30 Registration, Tea and Coffee
09:00 Opening Remarks
09:10 Introduction
Product Snapshot, Political and Market Drivers
10:00 Market Evolution
10:45 Break
11:00
Defining Green Bonds
12:00 Social & Sustainable Bonds
12:30 Lunch
13:20 Governance of Green Bonds
14:15 Market Firms
15:20 Break
15:35 Workshop
Green Bonds Essentials
16:30 Summary
16:50 Close of day 1 followed by networking drinks reception



Day Two

Wednesday 16 May 2018

08:30 Arrival coffee
09:00 Opening Remarks
09:10 Resources & Preparation
Issuance
10:05 Presentation & Reporting
10:40 Break
10:55 Presentation & Reporting
Part 2
11:20 External Reviews
12:15 Lunch
13:15 Opportunities & Challenges for Green Bonds
14:05 Joining GBP Community
GBP & SBP Membership Benefits
14:30 ICMA & Regulatory Trends
15:00 ICMA Contacts
15:05 Break
15:20 Workshop
Green Bond Implementation
16:25 Final Discussion
16:45 Close of day 2

Registration

This course is open to all ICMA members, Green Bond Principles Members & Observers and interested financial market participants; however registration in advance is essential.

Please do not book your travel until advised to do so by ICMA. We will inform you when the course is confirmed to go ahead.

Delegate Fees

ICMA Member & Green Bond Principles Members & Observers: £1,750 + 20% VAT
Non Member: £2,275 + 20% VAT

Delegate fees are payable, in advance of the course start date, by credit card (Visa, MasterCard) or on receipt of an invoice.


Register on-line for the ICMA Training Course: Introduction to Green Bonds, being held in London on 15-16 May 2018

Personal details

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Special requirements and comments

Please be aware that if you do not check the first box below, your name will not be included on the delegate list. 

1. We would like to include your name and company name only on the delegate list (hard copy and pdf) to be distributed at the event.

2. We would like to send you by e-mail occasional news from ICMA including regulatory updates and invitations to ICMA events and training courses, you can unsubscribe from this at any time.

 

Terms and Conditions

1.1
I understand that my reservation for the above course shall be accepted and confirmed if ICMA sends me a respective confirmation in writing within 3 business days from receipt of my payment. I also understand that if ICMA does not send me such confirmation within the specified period my reservation could not be considered and that the course fee will be refunded to me in full.

1.2

I agree that ICMA shall have the right to cancel courses and workshops at its own discretion for any reason (including e.g. if a sufficient minimum number of participants is not reached before the start date of the relevant course). In the event of such cancellation, the course fee will be refunded to me in full. I agree that ICMA shall not be liable for any expenses incurred by me, my employer, or anyone else on my behalf, due to the cancellation.

1.3
In case I want to cancel my reservation for this course I shall notify ICMA (attention Events Team) in writing without delay. I agree to the following cancellation fees being applied by ICMA:

until the 30th business day before the start date of the relevant course = 10%
from the 29th business day to the 15th business day before the start date of the relevant course = 50%
from the 14th business day to the last business day before the start date of the relevant course = 75%
on or after the start date of the relevant course = 100%

1.4
I agree that if I fail to attend this course no refund of the course fee shall take place.

1.5
I understand that substitutions can be made at no charge subject to the condition that ICMA (attention Events Team) is notified accordingly in writing and provided with the details of the substitute (see 1. above) not later than 48 hours before the relevant course commences.

1.6
I agree that ICMA and its affiliate entities may retain the information supplied on this form on a database and use it for the purpose of course and event administration, and, UNLESS I have ticked the relevant boxes above, to compile a delegate list (including my name and that of my employer) to be distributed at the event in hard copy or to other registered delegates in electronic form as well as for the purposes of advertising future courses and events and promoting ICMA.


Delegate Fees

ICMA Member & Green Bond Principles Members & Observers: £1,750 + 20% VAT
Non Member: £2,275 + 20% VAT

ICMA Member & Green Bond Principles Members & Observers: £1,750 + 20% VAT

Non Member: £2,275 + 20% VAT

*Accomodation is not included in the price and delegates must arrange their own accomodation.

Please tick here to agree to the terms and conditions