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Webinar

Pre-issuance Hedging: Practitioners Share Insights on Why and How

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Date:
April 20, 2021
Duration:
60 minutes
Availability:
On Demand
  • amol dhargalkar headshot

    Amol Dhargalkar

    Managing Partner, Chairman
    Global Head of Corporates

    Kennett Square, PA

  • brittany jervis headshot

    Brittany Jervis

    Managing Director
    ChathamDirect and Hedge Accounting

    Corporates | Kennett Square, PA

  • Brian Frey

    Vice President and Treasurer

    Brunswick Corporation

  • Robert Chen

    Director, Investments and FX

    Applied Materials

Summary

With record-breaking corporate bond issuances, the 10-year Treasury continuing to rise, and a dramatically steepening yield curve leading into 2021, many corporates are wrestling with the topic of pre-issuance hedging of future fixed rate debt. Join us as we host a panel of treasury practitioners discussing external market factors, internal capital structure factors, and tactical considerations to maximize effective risk mitigation and efficient pricing.

Key takeaways

  • Understand the current factors bringing pre-issuance hedging to the forefront of corporate financial risk management discussions
  • Learn how corporate treasury practitioners analyzed their interest rate risk, made hedging decisions, obtained efficient pricing, and communicated decisions to stakeholders
  • Consider swaps vs. treasury locks and how to determine which instrument is appropriate for your specific scenario

About the speakers

  • Amol Dhargalkar

    Managing Partner, Chairman
    Global Head of Corporates

    Kennett Square, PA

    Amol Dhargalkar is a Managing Partner and Chairman for Chatham’s Board of Directors. He is the Global Head of the Corporates sector and brings over 20 years of experience in derivatives capital markets expertise.

  • Brittany Jervis

    Managing Director
    ChathamDirect and Hedge Accounting

    Corporates | Kennett Square, PA

    Brittany Jervis leads Chatham’s Corporates Accounting Advisory practice, providing solutions for companies with foreign exchange, interest rate, and commodity price risk.

  • Brian Frey

    Vice President and Treasurer

    Brunswick Corporation

  • Robert Chen

    Director, Investments and FX

    Applied Materials

Disclaimers

Chatham Hedging Advisors, LLC (CHA) is a subsidiary of Chatham Financial Corp. and provides hedge advisory, accounting and execution services related to swap transactions in the United States. CHA is registered with the Commodity Futures Trading Commission (CFTC) as a commodity trading advisor and is a member of the National Futures Association (NFA); however, neither the CFTC nor the NFA have passed upon the merits of participating in any advisory services offered by CHA. For further information, please visit chathamfinancial.com/legal-notices.

Transactions in over-the-counter derivatives (or “swaps”) have significant risks, including, but not limited to, substantial risk of loss. You should consult your own business, legal, tax and accounting advisers with respect to proposed swap transaction and you should refrain from entering into any swap transaction unless you have fully understood the terms and risks of the transaction, including the extent of your potential risk of loss. This material has been prepared by a sales or trading employee or agent of Chatham Hedging Advisors and could be deemed a solicitation for entering into a derivatives transaction. This material is not a research report prepared by Chatham Hedging Advisors. If you are not an experienced user of the derivatives markets, capable of making independent trading decisions, then you should not rely solely on this communication in making trading decisions. All rights reserved.

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