Three US banks secured key mandates for two multi-billion euro capital raises from European banks this morning, with Bank of America Merrill Lynch, Citigroup and JP Morgan landing global coordinator roles.
Bank of America Merrill Lynch is co-leading Intesa SanPaolo's $7.2bn rights issue with the Italian bank itself, which announced the deal this morning. There will be a further four bookrunners on the deal and six lead managers.