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Global Lead Arrangers—Bank Loans (US$ millions)

 

 

 

2006

2006 Rank

Name

2005
Rank

Number
of Facilities

Amount
Underwritten

Percent
of Total

 

 

 

 

 

 

1

Royal Bank of Scotland

1

66

$13,237

7.3%

2

Calyon

4

60

8,664

4.8

3

Mizuho Financial

5

54

7,723

4.3

4

Société Générale

3

34

7,029

3.9

5

ABN AMRO

18

18

6,276

3.5

6

BNP Paribas

2

47

5,930

3.3

7

Banco Bilbao Vizcaya Argent

19

32

5,791

3.2

8

WestLB

8

36

5,436

3.0

9

State Bank of India

21

27

5,365

3.0

10

Mitsubishi UFJ 

7

47

4,426

2.5

 

Other

 

  120    

   116,523

    64.5

 

Total Market

 

541

$180,609

100.0%

 

 

 

 

 

 

Lead Managers—Project Bonds (US$ millions)

 

 

 

2006

2006 Rank

Name

2005
Rank

Number
of Issues

Amount
Underwritten

Percent
of Total

 

 

 

 

 

 

1

Credit Suisse

4

6

$4,155

14.5%

2

Citigroup

1

5

2,989

10.4

3

Deutsche Bank

11

4

2,778

9.7

4

Lehman Brothers

2

4

1,880

6.6

5

HSBC

27

2

1,860

6.5

6

Goldman Sachs

3

3

1,784

6.2

7

Royal Bank of Scotland

*

3

1,709

6.0

8

Barclay’s Capital

23

4

1,392

4.9

9

Morgan Stanley

21

3

1,319

4.6

10

Commonwealth Bank of Australia

*

4

1,080

3.8

 

Other

 

 30

    7,727

    26.9

 

Total Market

 

68

$28,673

100.0%

 

 

 

 

 

 

 

Global Advisory Mandates

 

 

2006

 

2005

2006
Rank

Name

Number  of
Mandates

Percent   of  Total

 

Number  of
Mandates

Percent   of  Total

 

 

 

 

 

 

 

1

Ernst & Young

147

21.2%

 

126

18.7%

2

PricewaterhouseCoopers

128

18.5

 

110

16.3

3

SBI Capital Markets

45

6.5

 

17

2.5

4

KPMG

43

6.2

 

35

5.2

5

HSBC

41

5.9

 

28

4.1

6

BNP Paribas

36

5.2

 

16

2.4

7

Macquarie

23

3.3

 

20

3.0

8

Grant Thornton

22

3.2

 

29

4.3

9

Taylor de Jongh

18

2.6

 

31

4.6

10

Espirito Santo Investment

17

2.5

 

10

14.8

 

Other

 172

     24.9

 

 253

    37.5

 

Total for all firms

692

100.0%

 

675

100.0%

 

 

 

 

 

 

 

Source:   Adapted from ProjectFinance International (IFR Publishing, London, United Kingdom) 1/25/06 and 1/24/07.

Global Project Finance Law Firms: 1998-2006

 

 

 

 

1998

to 2006 a

 

2006 b

Rank

Firm Name

Location

Number of Financings Closed

 

Number of Financings Closed

 

 

 

 

 

 

1

Clifford Chance

U.K.

99

 

25

2

Allen & Overy

U.K.

96

 

16

3

Linklaters

Global

61

 

17

4

Millbank Tweed Hadely & McCloy

U.S.

60

 

10

5

Shearman & Sterling

U.K.

53

 

5

6

Latham & Watkins

U.S.

49

 

3

7

White & Case

U.K.

38

 

6

8

Skadden Arps Slate Meagher & Flom

U.S.

35

 

2

9

Allens Arthur Robinson

Australia

27

 

4

10

Freehills

Australia

21

 

3

 

 

 

 

 

 

 

Notes:

   (a) Includes only deals over $500 million and counts only the lead advisor. Deals through September 2006.

   (b) Includes deals from September 2005 to September 2006.

 

Source:   Adapted from ProjectFinance International, 11/15/06.

 

 

If you have any suggestions for additional content, please contact Professor Benjamin C. Esty.
Last updated April 6, 2007

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