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Global Lead Arrangers—Bank Loans (US$ millions)

 

 

 

2003

2003
Rank

Name

2002
Rank

Number
of Facilities

Amount
Underwritten

Percent
of Total

 

 

 

 

 

 

1

CreditAgricole-CreditLyonnais

36

$3,864

5.6%

2

Royal Bank of London

3

27

3,257

4.7

3

BNP Paribas SA

7

29

2,987

4.3

4

SMBC

47

21

2,639

3.8

5

Société Générale

2

21

2,614

3.8

6

WestLB

4

22

2,268

3.3

7

Citigroup SSB

1

17

2,101

3.0

8

Mitsubishi Tokyo Financial Group

10

  24

2,004

2.9

9

Korea Development Bank

18

   6

1,948

2.8

10

Barclays

5

  28

1,940

2.8

 

Other

 

   71

  43,936

   63.2

 

Total Market

 

302

$69,557

100.0%

 

 

 

 

 

 

Lead Managers—Project Bonds (US$ millions)

 

 

 

2003

2003
Rank

Name

2002
Rank

Number
of Issues

Amount
Underwritten

Percent
of Total

 

 

 

 

 

 

 1

Citigroup SSB

2

20

$6,624

20.6%

2

Credit Suisse First Boston

13

4,437

13.8

 3

Lehman Brothers

1

11

3,964

12.3

 4

Barclay’s Capital

8

4

2,561

8.0

 5

ABN AMRO

3

3

1,416

4.4

6

UBS

3

1,171

3.6

7

Mediobanca

2

1,136

3.5

8

Société Générale

17

3

1,120

3.5

9

Royal Bank of Scotland

2

1,013

3.1

 10

BNP Paribas SA

5

2

1,005

3.1

 

Other

 

     26

    7,717

   24.0

 

Total Market

 

89

$32,164

100.0%

 

 

 

 

 

 

 

Global Advisory Mandates

 

 

2003

 

2002

2003
Rank

Name

Number  of
Mandates

Percent   of       Total

 

Number  of
Mandates

Percent   of       Total

 

 

 

 

 

 

 

1

Ernst & Young

143

21.1%

 

105

13.3%

2

PricewaterhouseCoopers

117

17.3

 

131

16.6

3

Macquarie

51

7.5

 

120

15.2

4

KPMG

46

6.8

 

38

4.8

5

ABN AMRO

27

4.0

 

25

3.2

6

Dexia

24

3.5

 

13

1.7

7

Grant Thornton

23

3.4

 

36

4.6

8

Taylor de Jongh

21

3.1

 

15

1.9

9

Mizuho

20

2.9

 

8

1.0

10

David Wylde Project Fin.

19

2.8

 

42

5.3

 

Other

 330

  48.7

 

 359

  45.6

 

Total for all firms

678

100.0%

 

787

100.0%

 

 

 

 

 

 

 

  Source:   Adapted from ProjectFinance International (IFR Publishing, London, United Kingdom) 1/22/03 and 1/21/04.

 

Global Project Finance Law Firms: 1998-2003 

2002  Rank

Firm Name

Location

Number of Financings Closed

 

 

 

 

1

Allen & Overy

U.K.

54

2

Clifford Chance

U.K.

48

3

Shearman & Sterling

U.K.

34

4

Latham & Watkins

U.S.

33

5

Millbank Tweed

U.S.

31

6

Linklaters

Global

28

7

Skadden Arps

U.S.

25

8

Allens Arthur Robinson

Australia

20

9

Sullivan & Cromwell

U.S.

17

10

White & Case

U.K.

17

 

 

 

 

 

Source:   Adapted from ProjectFinance International, 11/12/03.

NoteIncludes only deals over $500 million and counts only the lead advisor.

 

If you have any suggestions for additional content, please contact Professor Benjamin C. Esty.
Last updated October 11, 2004

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