Lehman Brothers Recognized in International Financing Review’s “Awards 2006”

17 Dec 2006
Lehman Brothers has been honored with several awards from International Financing Review (IFR) in the publication’s “Awards 2006.” Following are excerpts from IFR’s December 2006 edition:

Credit Derivatives House of the Year
“For its extension of synthetic trading to new asset classes and market-leading service in the form of idea generation and liquidity provision, Lehman Brothers is IFR’s Credit Derivatives House of the Year.”

“Lehman Brothers received high marks from hedge funds and other active users of credit derivatives for its service in all index and single name default swap markets globally. ‘They are good with ideas, trading, pricing and anything you need as a client,’ said one hedge fund manager... it was in product innovation that Lehman Brothers outperformed its peers.”

Securitization House of the Year
“As the securitisation universe continues to expand, so do the demands on lead managers. A top ABS bank has to show competence across asset classes, an ability to generate its own product, supply liquidity and a talent to rethink the product. Lehman Brothers has done all that, and as a model that other houses are chasing to copy, not least in the non-conforming sector, is the IFR Securitisation House of the Year.”

“From advisory through to principal finance, Lehman Brothers’ roster of deals demonstrates a real ability to meet client objectives through to final execution. But the breadth and innovation of its deals only tells a part of the story. Its global business platform also draws on its syndication, distribution, trading and research expertise.”

Lehman Brothers Associated with Five Additional IFR Deal-Related Awards
European Structured Equity Issue of the Year: Salzgitter/Vallourec
Joint bookrunner (€1.4 billion structured equity issue)

North American Securitization of the Year: Hertz Vehicle Licensing
Sole structuring advisor and joint bookrunner ($5.8 billion financing)

Subordinated Financial Bond of the Year: Lloyds TSB Group
Joint bookrunner ($1.0 billion perpetual non-call 10)

U.S. Equity Issue of the Year: New York Stock Exchange
Joint bookrunner ($1.77 billion secondary offering)

U.S. Structured Equity Issue of the Year: Amgen
Joint bookrunner ($5.0 billion two-tranche convertible bond offering)

The transactions herein appear as a matter of record only.