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.
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
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.
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.
Global Banking News-November 1, 2010--Deutsche Bank and HSBC to be book runners
for Codelco's placement(C)2010 ENPublishing - http://www.
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.