joint lead arranger
Noun
1. A commercial or investment bank that is awarded the lead arranger mandate by the borrower together with one or more other lead arrangers to arrange the financing and manage the syndicate.
2. A syndicate title for a joint mandated lead arranger during the sub-underwriting phase of primary syndication, in exchange for a corresponding portion of the underwriting spread and a closing fee as well as league table status and prominent placement on all marketing materials relating to the facilities.
Synonym(s):
- joint mandated lead arranger (1.).