Confusion reigns over league table for Loterias

The banks working on the €7bn IPO of Spanish lottery company Loterias were said to be meeting strong interest from investors for the deal early this week, with even banks away from the six joint global co-ordinators filling up a full schedule of investor meetings. However, in a sign of the pressure that ECM houses are under amid a dearth of fee-paying deals, EuroWeek understands that discussions are still continuing as to how the league table credit will be split up.