RBS 2005 Annual Report Download - page 22

20
Corporate Banking & Financial Markets
Corporate Markets continued
20
Corporate Markets
We’ve been the fastest growing debt issuance bank globally
over the last four years.
 RBS was the only bank to be awarded both
Bookrunner and Mandated Lead Arranger roles in
funding each of the three deals to acquire stakes
in France's leading motorway companies from the
French government. This was achieved through the
combined strength of our multi-product platform,
infrastructure sector expertise and local corporate
relationships. Our teams led the underwriting of
innovative and competitive financing packages
totalling some 17.5 billion in support of the
21.3 billion-worth of acquisitions.
 As Joint Mandated Lead Arranger and
Underwriter, via our offices in France and Spain,
RBS provided an innovative financing structure for
532 million of debt to fund the 1.1 billion high
speed rail link concession to be built through the
Pyrenees between Perpignan and Figueras
(awarded EMEA Infrastructure Deal of the Year, PFI
Awards, and EMEA Rail Transport Deal of the Year
by Project Finance Magazine).
 RBS Greenwich Capital acted as Joint
Bookrunner for the US$750 million 10-year Global
Notes offering for Harrah’s operating company,
Harrah’s Entertainment Inc. Harrah’s is a leading
entertainment and casino group and is the only
investment grade gaming company in the world. By
taking advantage of an attractive financing window
the transaction was twice over-subscribed.
 In Australia we completed our first leveraged
finance transaction as Joint Mandated Lead Arranger
and Bookrunner for the US$1.7 billion acquisition of
Dyno Nobel, a leading global supplier of commercial
explosives, by a consortium of investors.
 RBS acted as Joint Arranger of a cross-
border securitisation for SC First Bank (previously
Korea First Bank) raising 500 million in triple-A
rated notes. The issue was more than 2.5 times
over-subscribed with more than 30 institutional
investors and was structurally innovative, marking
the first instance an amortising junior note was
introduced for a Korean cross-border mortgage-
backed securitisation.
 RBS Aviation Capital, working closely with
our Shanghai Branch, completed a major Japanese
Operating Lease financing with China Southern
Airlines. The deal comprised an initial US$93 million
bridge loan financing of three Boeing 737-700
aircraft from RBS Shanghai which was
subsequently restructured into a Japanese
Operating Lease financed through RBS Tokyo.
Selected Awards:
 Best UK Bank
Euromoney Awards for Excellence 2005
 European Loan House of the Year
IFR
 European ABS Arranger of the Year 2005
ISR Awards
 Securitisation House of the Year - Europe
The Banker
 Top Bank for European Leveraged Finance
Financial News
 Mezzanine Debt provider of the year
European Venture Capital (& Private Equity) Journal
 EMEA Bank of the Year – Project Finance
PFI awards
 Best Bank in Foreign Exchange in London
FX Week
 Best Bank in Asian Prime Brokerage
AsiaMoney FX Survey
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