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Bond Origination, Sales & Trading – with simulation (BOOST)

Course Overview

This course gives a comprehensive overview of bonds from origination to investment. The program will expose participants to the process of debt origination in the Nigerian Capital Market with adequate emphasis on the enabling regulatory framework, requirements, and offering mechanics. The curriculum includes a simulation game where participants are paired and allocated e-capital to trade in a fully automated bond market.

Course Objectives

  • give participants a comprehensive understanding of bonds from origination to investment
  • ensure a focused appreciation and importance of the fixed income (Bond) market and its operations – Primary & Secondary markets
  • expose participants to the process of debt origination in the Nigerian Capital Market with adequate emphasis on the enabling regulatory framework, requirements and offering mechanics
  • expose participants to a fast moving bond market in order to master useful skills such as trending, positioning, investments, horizon & effective yield, risk management among others

Duration – 5 Days

 

Curriculum

Overview of the Nigerian Debt Market
Financing Options

Framework for the Nigerian Capital Market
Investment and Securities Act, SEC, FMDQ & NSE Rules and Regulations, Pension Reform Act, Companies & Allied Matters Act, Trustee Investments Act

Debt Capital Raising Mechanism

Listing Requirements and Processes

Key Considerations

Repayment Mechanism & Risk Analysis

Bond Analysis
Understanding Coupon & Yield, Valuation of Bonds, Accrued Interest/Dirty Price, Factors Affecting Bond Prices, Trading Principles, Strategies & Techniques, Mark-To-Market, Price/Yield Conversion, Price Volatility & Sensitivity of Bonds, Duration & Convexity, Applications of Duration, Yield-To-Maturity, Term Structure of Interest Rates, Future Value of Annuity, Horizon/Realised Yield

Bond Portfolio Management
Investment Decisions & Analysis, Immunisation, Risk Analysis & Management, Reinvestment v Price Risks

The Nigerian Bond Market