TITLE

Favors, or Qualifications?

AUTHOR(S)
Shields, Yvette
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/30/2003, Vol. 344 Issue 31625, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Illinois' selection of firms to bring 10 billion dollars of taxable general obligation pension bonds to market may have bankers who are happy but others who are anguished. The five rotating senior managers include ABN AMRO Financial Services Inc., Bear, Stearns & Co., Citigroup Global Markets Inc., Goldman, Sachs & Co., and UBS PaineWebber Inc. At stake is what some market participants have said could amount to as much as 50 million dollars in fees paid to underwriters, bond counsel, and financial advisers, though Illinois budget director John Filan said he anticipates the amount will be substantially smaller.
ACCESSION #
9810706

 

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