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Introduction to Corporate Finance

The Corporate Finance has been designed to provide participants with a solid grounding on Corporate Finance theory and principles.

  Day 1

  

Financial Statements 

  • ·  Overview of Corporate Financial Statements
  • ·  Overview of Bank Financial Statements
  • ·  Examination of Balance Sheet, Income Statement and Cashflow
  • ·  Financial Ratios such as Gearing, Leverage, Interest Cover

    Large Corporate Funding Overview and Capital Structure
  • ·  Debt vs Equity
  • ·  Secured vs Unsecured
  • ·  Short Term vs Long Term funding
  • ·  Understanding Cost of Capital and the role it plays investment decision making

    Different funding mechanisms
  • ·  Call Loans
  • ·  Syndicated loans
  • ·  Club loans
  • ·  Bridge Funding
  • ·  Mezzanine Finance
  • ·  PIK Loans
  • ·  Commercial Paper
  • ·  Bonds / Medium Term Notes

    Loan Pricing Terms
  • ·  Cost of Funds
       Jibar
       Libor
       Euribor 
  • ·  Fees
       Commitment Fees
       Upfront Fees
       Breakage Costs

    Introduction to Debt Capital Markets
     ·  What is bond
  • ·  Eurobond definition
  • ·  Overview of international bond market
  • ·  Investment Grade Bonds
  • ·  High Yield Bonds
  • ·  Reg S/144A comparison
  • ·  Deal size
  • ·  Use of proceeds

    Equity Linked funding  
  • ·  Rights Issues
  • ·  Convertible Bonds
  • ·  Initial Public Offering (IPO)

      Day 2  

    Mergers & Acquisitions
        

  • ·  Overview of the Merger & Acquisitions landscape
  • ·  Types of Mergers
       Horizontal
       Vertical
       Conglomerate 
  • ·  Why do most M&A transactions fail to deliver Shareholder Value?                
       Case Studies of failed acquisitions (Daimler/Chrysler, AOL/Time Warner)
       An examination of critical success factors for acquisitions
       Transaction Justification / What makes for a good acquisition
     
  • ·  Company valuation principles – Market Cap, Earnings Multiples, Discounted Cashflow
    ·  Hostile Takeovers / Take Over Defences
    ·  Funding alternatives for an M&A transaction / How funding is structured pre- and post-
        acquisition for a listed company

    ·  Leveraged Buy Outs (LBOs)/Management Buy Outs (MBOs)
       Typical funding structure for an LBO/Private Equity principles
       Senior debt vs Junior debt / Pricing considerations
       Funding considerations / Importance of corrct debt scheduling/modelling

    ·  Shareholder Activism – Overview of the current shareholder activism landscape and what
       that means for listed companies                                                                     

  •               
    Dates:
     30 & 31 January 2020
  • Times: 09:00 - 17:00
    Cost: R11, 500.00 per delegate ex VAT
    Venue:  JSE Limited, One Exchange Square, Gwen Lane Sandown 2196
  •                                                                          
  • The course fee includes refreshments and lunch, parking and all course materials.            
    CPD points and training certificates will be issued for the attendance at the training.
                        
    Please contact
     companyservices@jse.co.za​  to book. Please note that space is limited so please book as soon as possible in order to avoid disappointment.                 

    If you would prefer a tailored training session to take place at your company premises please do not hesitate to let us know and we can tailor a training package to suit your requirements.

    Non-Endorsement
    By using a service provider to offer the courses, the JSE does not directly or indirectly endorse any product or service provided, or to be provided by the service provider.

 Contact Us

+27 11 520 7131

companyservices@jse.co.za

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