Project Finance: 2004 League Tables
Historical League Tables:
Global Lead Arrangers—Bank Loans (US$ millions)
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2004 |
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2004 Rank |
Name |
2003 |
Number |
Amount |
Percent |
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1 |
Citigroup |
7 |
38 |
$6,414 |
5.5% |
|
2 |
BNP Paribas |
3 |
39 |
4,272 |
3.7 |
|
3 |
Credit Suisse First Boston |
25 |
11 |
4,178 |
3.6 |
|
4 |
Royal Bank of Scotland |
2 |
32 |
3,785 |
3.3 |
|
5 |
Société Générale |
5 |
29 |
3,529 |
3.0 |
|
6 |
Sumitomo Mitsui |
4 |
31 |
3,475 |
3.0 |
|
7 |
Bank of Tokyo Mitsubishi |
8 |
35 |
3,456 |
3.0 |
|
8 |
HSBC |
12 |
34 |
3,391 |
2.9 |
|
9 |
Korea Development Bank |
9 |
6 |
3,325 |
2.9 |
|
10 |
ABN AMRO |
15 |
28 |
3,155 |
2.7 |
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Other |
|
189 |
77,459 |
66.4 |
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Total Market |
|
472 |
$116,439 |
100.0% |
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Lead Managers—Project Bonds (US$ millions)
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2004 |
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2004 Rank |
Name |
2003 |
Number |
Amount |
Percent |
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1 |
Lehman Brothers |
3 |
9 |
$4,548 |
15.9% |
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2 |
Citigroup |
1 |
18 |
4,530 |
15.8 |
|
3 |
Goldman Sachs |
17 |
2 |
3,453 |
12.1 |
|
4 |
Société Générale |
8 |
2 |
2,019 |
7.0 |
|
5 |
HSBC |
20 |
1 |
1,667 |
5.8 |
|
6 |
Credit Suisse First Boston |
2 |
3 |
1,451 |
5.1 |
|
7 |
Calyon |
15 |
4 |
1,428 |
5.0 |
|
8 |
Deutsche Bank |
11 |
5 |
1,203 |
4.2 |
|
9 |
JP Morgan |
25 |
2 |
1,128 |
3.9 |
|
10 |
Royal Bank of Canada |
14 |
2 |
748 |
2.6 |
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Other |
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38 |
6,472 |
22.6 |
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Total Market |
|
86 |
$28,647 |
100.0% |
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Global Advisory Mandates
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2004 |
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2003 |
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2004 |
Name |
Number of |
Percent of Total |
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Number of |
Percent of Total |
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1 |
PricewaterhouseCoopers |
111 |
16.4% |
|
117 |
17.3% |
|
2 |
Ernst & Young |
102 |
15.1 |
|
143 |
21.1 |
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3 |
KPMG |
71 |
10.5 |
|
46 |
6.8 |
|
4 |
Macquarie |
59 |
8.7 |
|
51 |
7.5 |
|
5 |
IXIS CIB |
23 |
3.4 |
|
15 |
2.2 |
|
6 |
ABN AMRO |
23 |
3.4 |
|
27 |
4.0 |
|
7 |
HSBC |
22 |
3.3 |
|
14 |
2.1 |
|
8 |
Royal Bank of Canada |
22 |
3.3 |
|
12 |
1.8 |
|
9 |
Dexia |
21 |
3.1 |
|
24 |
3.5 |
|
10 |
Grant Thornton |
20 |
3.0 |
|
23 |
3.4 |
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Other |
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29.8 |
|
206 |
30.3 |
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Total for all firms |
676 |
100.0% |
|
678 |
100.0% |
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Source: Adapted from ProjectFinance International (IFR Publishing, London, United Kingdom) 1/21/04 and 1/26/05.
Global Project Finance Law Firms: 1998-2005
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Rank |
Firm Name |
Location |
Number of Financings Closed |
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1 |
Allen & Overy |
U.K. |
80 |
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2 |
Clifford Chance |
U.K. |
74 |
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3 |
Millbank Tweed |
U.S. |
50 |
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Shearman & Sterling |
U.K. |
48 |
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5 |
Latham & Watkins |
U.S. |
46 |
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6 |
Linklaters |
Global |
44 |
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7 |
Skadden Arps |
U.S. |
33 |
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8 |
White & Case |
U.K. |
32 |
|
9 |
Allens Arthur Robinson |
Australia |
23 |
|
10 |
Freehills |
Australia |
18 |
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Global Project Finance Law Firms: Sept. 2004 to Sept. 2005
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Rank |
Firm Name |
Location |
Number of Financings Closed |
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1 |
Clifford Chance |
U.K. |
18 |
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2 |
Allen & Overy |
U.K. |
15 |
| 3 |
Millbank Tweed |
U.S. |
10 |
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4 |
White & Case |
U.K. |
10 |
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5 |
Latham & Watkins |
U.S. |
8 |
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6 |
Linklaters |
Global |
8 |
|
7 |
Shearman & Sterling |
U.K. |
8 |
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8 |
Norton Rose |
U.K. |
5 |
|
9 |
Skadden Arps |
U.S. |
5 |
|
10 |
Lee & Ko |
Korea |
4 |
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Source: Adapted from ProjectFinance International, 11/16/05.
Note: Includes only deals over $500 million and counts only the lead advisor.
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