Lehman Brothers was a bookrunner on a European equity-linked issue for the first time this year as the US bank sold a €350m ($343m) exchangeable bond for Olivetti, the holding company that controls Telecom Italia.

Lehman has close links with the Italian telecoms group. The US bank was one of the bookrunners of Olivetti's €2.4bn convertible issue last November that was part of the Italian company's rights issue, alongside seven Italian banks and BNP Paribas, JP Morgan and Merrill Lynch.

Lehman runs its first European equity-linked bond of 2002

Shanny Basar

Telecom Italia

BNP Paribas

JP Morgan

France Télécom

Mediobanca

Seat Pagine Gialle

STMicroelectronics

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