There’s lots to unpack over the next few weeks, so here it goes…
Back in mid-September, we hosted our annual IR Leadership Conference in Boston, the only event in #MuniLand focused exclusively on best practices around investor outreach. This is our opportunity each year to facilitate the direct engagement between issuers and bond investors, and to spur dialogue on timely issues that are impacting the bond market.
For our 2018 event, we focused on core IR best practices, including some legal and regulatory panels as well as practical advice from corporate IR professionals. The speakers reflected that focus, and included Rebecca Olson from the Securities and Exchange Commission, Nixon Peabody bond attorney Dan Deaton, and Vertex Pharmaceuticals’ VP for IR Michael Partridge.
For 2019, we moved the IR conversation a little more downstream. For example, Tom Vales of TMCBonds/ICE and Richard Carter of Fidelity Investments spoke about the growing importance of electronic trading in the municipal bond market. We dug into the criteria development process for factors like issuer transparency with the heads of public finance at S&P, Moody’s and Kroll Ratings. The event was capped with an issuer-investor roundtable discussion on the growing importance of ESG, with the dialogue led by Breckinridge’s Adam Stern, Fundamental Advisors’ Hector Negroni, and MarketAxess’ Steve Winterstein.
We packed a lot into a single day but the open dialogue and practical feedback from investors was excellent. Our issuers left the event armed with actionable tips to help their bond programs stand out to investors.
Here a few notable takeaways from the 2019 summit:
We also used the 2019 conference to announce a number of exciting developments, including new product features and partnerships. We’ll focus on those in more follow-up posts to the Fisc, so stay tuned in the coming weeks!