Lead Manager

Subordinate to an arranger.

Lead Manager

In a syndicate, an underwriting firm immediately subordinate to the managing underwriter. A syndicate is a group of underwriters responsible for placing a new issue of a security with investors. Every syndicate is a temporary arrangement. The lead manager is assigned the second-largest part of the new issue for placement. A lead manager is also called an arranger.

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References in periodicals archive ?

'In Bahrain, GIB acted as regional lead manager for the $163 million IPO of Alba.

GIB named Bahrain's best investment bank

Muscat-based Alizz Islamic Bank has been selected to act as joint lead manager for the recently issued Government of Oman's seven-year US dollar Sukuk.

Alizz Islamic Bank selected as joint lead manager for global sukuk issue

Cain Brothers will be the lead manager for this negotiated sale.

Hospital financings approved by Board

In September the firm broke new ground as sole lead manager in a 10-year $300 million investment-grade bond issue by Coca-Cola Enterprises Inc.

AT&T prices $450 million bond offering

The lead manager was Gerard Klauer Mattison & Co Inc.

WorldGate Shares Rise 62% On First Day

Caja Madrid, Citigroup Inc (NYSE: C), Credit Agricole SA (EPA: ACA) (CAGR.PA), Deutsche Bank AG (NYSE: DB) (DBK.DE), HSBC Holdings Plc (LSE: HSBA) (NYSE: HBC) (HKG: 0005) and Santander (SAN.MC) (NYSE: STD) are lead managers on the issue.

-Spain plans bond issuance

There's no lead manager named either, but perhaps Wit could do that itself, after all, being a lead manager is presumably one of the reasons it is going public in the first place.

Net IPO Pioneer Wit Capital Plans Q2 IPO Of Its Own

Goldman, Sachs was the lead manager of the offering, which included such other international heavy hitters as Swiss Bank Corp., Nomura Securities, Deutsche Bank AG London and Morgan Stanley.

The tough get going

Accordingly, Christopher Metcalfe has been appointed as the new lead manager on the Newton Higher Income Fund.

Newton Investment Management reorganises investment structure

21 March 2012 - The first coupon guidance for the third three-year bond worth RUB5bn (USD171m/EUR129m) to be issued by Russia-based Banca Intesa has been set at 9.25-9.75%, the lead manager of the issue Promsvyazbank said on Tuesday.

-Russian Banca Intesa sets coupon guidance for RUB5bn bond at 9.25-9.75%

But whether the debt is public or private, every firm wants to be lead manager. Municipalities issue bonds to pay for everything from stadiums to airports, hospitals and rapid transit systems.