Posts Tagged ‘

JP morgan cazenove

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Fee bonanza

Posted by Neil Hume on Mar 01 16:30. Comment.

From Reuters:
PRUDENTIAL TO PAY UP TO $735m IN FEES FOR ITS $21BN RIGHTS ISSUE – SOURCES
And the underwriters are: Credit Suisse, HSBC and JP Morgan Cazenove.

According to Reuters that breaks down as a charge of 3 per cent, More…

Boom time for ECM bankers – and printers

Posted by Neil Hume on Feb 03 15:07. Comment.

With up to €300bn of issuance expected from European companies (ex-financial) this year, it is a good time to be an equity capital markets banker.

To get an idea of how good, consider the fees for Xstrata’s controversial £4.1bn rights, More…

Clause and effect – that Xstrata rights issue

Posted by Neil Hume on Jan 30 09:45. Comment.

Now here’s an interesting market rumour:

Apparently corporate financiers at JP Morgan Cazenove and Deutsche Bank inserted a clause into the sub-underwritting agreement for Xstrata’s $5.9bn cash call. More…

Xstrata prepares $5bn cash call

Posted by Neil Hume on Jan 28 23:59. Comment.

Xstrata, the Anglo-Swiss mining group, is set to launch a large equity fund-raising.

Its shares fell 9 per cent to 623p on Wednesday amid talk that it would be the latest group to turn to equity markets to raise funds. More…

Jumping ship, Barclays edition

Posted by Sam Jones on Jul 28 10:11. Comment.

Version 2. 
Days after Barclays Group VP Gary Hoffman departs for the Rock, another high-flyer jumps ship (to JPM Cazenove). Just across from Dow Jones:

JP Morgan Cazenove said Monday it has appointed Naguib Kheraj as Chief Executive Officer effective Oct. More…