Bankers dismiss IIC rights issue fees report

Shareholders will expect UK company boards to engage their bankers in a deeper negotiation over fees and services after the publication early on Tuesday morning of an Institutional Investor Council rights issue fees inquiry report, said one corporate finance lawyer. ECM bankers remain adamant that they work in a highly competitive industry and that proposals for a change in market structure make little sense.

  • 17 Dec 2010
The IIC, an industry group representing investors, said that UK rights issue fees paid to banks are too high and there is too little transparency (see box for the recommendations in full). The report will give companies more confidence — and reason — to question proposals from their ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Nov 2018
1 Citi 328,982.98 1272 8.11%
2 JPMorgan 320,525.86 1391 7.90%
3 Bank of America Merrill Lynch 295,678.15 1012 7.29%
4 Barclays 247,860.38 923 6.11%
5 Goldman Sachs 218,821.95 732 5.39%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 46,136.68 182 7.00%
2 JPMorgan 44,443.20 92 6.75%
3 UniCredit 35,639.50 153 5.41%
4 Credit Agricole CIB 33,211.72 160 5.04%
5 SG Corporate & Investment Banking 32,419.80 126 4.92%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 13,755.50 61 8.97%
2 Goldman Sachs 13,204.47 65 8.61%
3 Citi 9,716.40 55 6.34%
4 Morgan Stanley 8,471.86 53 5.53%
5 UBS 8,248.12 34 5.38%