Project Finance:  2006 League Tables
	Global Lead Arrangers—Bank Loans (US$ millions)       2006 2006 Rank Name 2005 Rank Number of Facilities Amount Underwritten Percent of Total             1 Royal Bank of Scotland 1 66 $13,237 7.3% 2 Calyon 4 60 8,664 4.8 3 Mizuho Financial 5 54 7,723 4.3 4 Société Générale 3 34 7,029 3.9 5 ABN AMRO 18 18 6,276 3.5 6 BNP Paribas 2 47 5,930 3.3 7 Banco Bilbao Vizcaya Argent 19 32 5,791 3.2 8 WestLB 8 36 5,436 3.0 9 State Bank of India 21 27 5,365 3.0 10 Mitsubishi UFJ  7 47 4,426 2.5   Other     120        116,523     64.5   Total Market   541 $180,609 100.0%             Lead Managers—Project Bonds (US$ millions)       2006 2006 Rank Name 2005 Rank Number of Issues Amount Underwritten Percent of Total             1 Credit Suisse 4 6 $4,155 14.5% 2 Citigroup 1 5 2,989 10.4 3 Deutsche Bank 11 4 2,778 9.7 4 Lehman Brothers 2 4 1,880 6.6 5 HSBC 27 2 1,860 6.5 6 Goldman Sachs 3 3 1,784 6.2 7 Royal Bank of Scotland * 3 1,709 6.0 8 Barclay’s Capital 23 4 1,392 4.9 9 Morgan Stanley 21 3 1,319 4.6 10 Commonwealth Bank of Australia * 4 1,080 3.8   Other    30     7,727     26.9   Total Market   68 $28,673 100.0%               Global Advisory Mandates     2006   2005 2006 Rank Name Number  of Mandates Percent   of  Total   Number  of Mandates Percent   of  Total               1 Ernst & Young 147 21.2%   126 18.7% 2 PricewaterhouseCoopers 128 18.5   110 16.3 3 SBI Capital Markets 45 6.5   17 2.5 4 KPMG 43 6.2   35 5.2 5 HSBC 41 5.9   28 4.1 6 BNP Paribas 36 5.2   16 2.4 7 Macquarie 23 3.3   20 3.0 8 Grant Thornton 22 3.2   29 4.3 9 Taylor de Jongh 18 2.6   31 4.6 10 Espirito Santo Investment 17 2.5   10 14.8   Other  172      24.9    253     37.5   Total for all firms 692 100.0%   675 100.0%               Source:   Adapted from ProjectFinance International (IFR Publishing, London, United Kingdom) 1/25/06 and 1/24/07. Global Project Finance Law Firms: 1998-2006         1998 to 2006 a   2006 b Rank Firm Name Location Number of Financings Closed   Number of Financings Closed             1 Clifford Chance U.K. 99   25 2 Allen & Overy U.K. 96   16 3 Linklaters Global 61   17 4 Millbank Tweed Hadely & McCloy U.S. 60   10 5 Shearman & Sterling U.K. 53   5 6 Latham & Watkins U.S. 49   3 7 White & Case U.K. 38   6 8 Skadden Arps Slate Meagher & Flom U.S. 35   2 9 Allens Arthur Robinson Australia 27   4 10 Freehills Australia 21   3               Notes:    (a) Includes only deals over $500 million and counts only the lead advisor. Deals through September 2006.    (b) Includes deals from September 2005 to September 2006.   Source:   Adapted from ProjectFinance International, 11/15/06.
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