The recently introduced regulations inter alia prescribes the eligibility criteria, procedure and conditions for public offering including, procedure of bidding, appointment of book runner, registration of book runner, registration of the eligible investors, duties and responsibilities of the issuer, the Offerer, the book runner and the designated institution the institution providing the book building system; procedure for making bids, time period for bidding, basis of allotment etc.
As per the Book Building Regulations, commercial banks, development finance institutions, and corporate brokerage house holding a valid license are eligible to seek registration for acting as book runner.
Summary: Mashreq acted as the mandated lead arranger, book runner
and facility agent for the syndication.
DNB Bank served as administrative agent and joint book runner
. Bank of America and JPMorgan Chase Bank served as co-syndication agents and joint book runners
Dubai-based Noor Islamic Bank, as initial mandated lead arranger and book runner with ABC Islamic Bank, National Bank of Abu Dhabi and Standard Chartered Bank, has closed a $300-million dual currency Murabaha facility for Turkey's Bank Asya.
Noor Islamic Bank was previously ranked by Bloomberg as number one on the list of mandated lead arrangers in Islamic finance in the UAE and number three on the list of leading Islamic finance book runners in the UAE.
Morgan Stanley (NYSE: MS) has acted as sole global coordinator and joint book runner
for the offering.
Emaar Properties has hired HSBC Holdings (LSE: HSBA) and Emirates NBD as book runners for the initial public offering of its retail arm.
National Bank of Abu Dhabi and EFG Hermes Holding Co will also be part of the deal as book runners. The company is said to be looking to raise as much as USD2bn through the sale.
Global Banking News-November 1, 2010--Deutsche Bank and HSBC to be book runners for Codelco's placement(C)2010 ENPublishing - http://www.enpublishing.co.uk
Germany-based Deutsche Bank (ETR:DBK) and HSBC Holdings (LSE:HSBA) have been selected as book runners for a private placement of Chile-based copper mining firm, Corporacion Nacional del Cobre de Chile (CODELCO).
The acting senior book runners
are BofA Merrill Lynch, JP Morgan, SunTrust Robinson Humphrey and Wells Fargo Securities LLC and additional book runners
include BB&T Capital Markets, BMO Capital Markets, Deutsche Bank Securities, Morgan Stanley and UBS Investment Bank.