Presentation to Carnegie Mellon University

1
Presentation to Carnegie Mellon University
September 2003
2
Table of Contents

• I. Overview
• II. Corporate Investment Banking Platform
• III. Corporate Investment Banking Product
  Expertise
• IV. Analyst Career Opportunities
• V. Why Wachovia Securities?
• VI. Recruiting Process
• Appendix

"Wachovia Securities" is the trade name for the
corporate and investment banking services of
Wachovia Corporation and its subsidiaries. Debt
and equity underwriting, trading, research and
sales, loan syndications agent services, and
corporate finance and MA advisory services are
offered by Wachovia Securities, Inc., member
NASD, NYSE and SIPC. Mezzanine capital, private
equity, municipal securities trading and sales,
cash management, credit, international, leasing
and risk management products and services are
offered by various non-broker dealer subsidiaries
of Wachovia Corporation.
3
Overview
4
Overview
Industry Trends
CONSOLIDATION / ATTRITION
CONVERGENCE OF CORPORATE AND INVESTMENT BANKING
IMPORTANCE OF CAPITAL AND BALANCE SHEET STRENGTH
WHAT WILL DETERMINE SUCCESS IN THIS NEW
ENVIRONMENT?
CROSS SELLING OF BROAD PRODUCT CAPABILTIES
CREATION OF NEW MARKETS AND FINANCIAL INSTRUMENTS
EMERGENCE OF NEW CLASSES OF INSTITUTIONAL
INVESTORS
5
Overview
Wachovia Corporation - Superior Market Share and
Distribution Powerhouse

• Management G. Kennedy Thompson Chairman,
  President CEO
• Headquarters Charlotte, North Carolina
• U.S. Rankings Largest deposit share on East
  Coast 3rd largest share in U.S.
• 2nd largest cash management provider
• 3rd largest branch network
• 3rd largest brokerage firm
• 5th largest in assets
• Total Assets 348 Billion
• Loans 164 Billion
• Deposits 196 Billion
• Customers 20 million
• Employees Over 80,000

As of March 31, 2003
6
Overview
Wachovia Corporation

• One of the largest full-service institutions in
  the financial services industry.
• 1 stock performer in the financial services
  industry since 2002.

2002 to YTD Stock Price Performance of Selected
Financial Institutions
Note As of 8/8/03.
Source Bloomberg.
7
Overview of Wachovia Securities
Strong Investment Banking Momentum

• In a trying two year period for Wall Street,
  Wachovia Securities dramatically improved its
  relative positioning in all major capital markets
  sectors.

EQUITY
CONVERTS
Wachovia Securities
Wall Street
Wachovia Securities
Wall Street
(11)
(46)
206
20
18.1
181.6
200
10
100
410
54
175
825
8
15
80
60.7
150
5.6
53.8
6
60
141
10
125
17
5.9
119
4
40
98.2
100
5
32
1.1
2
20
535
75
4
0
50
0
0
2000
2002
2000
2002
2000
2002
2000
2002
INVESTMENT GRADE
HIGH YIELD
Wachovia Securities
Wachovia Securities
Wall Street
Wall Street
30
(12)
260
167
20
80
125
66.6
800
113.0
623.0
14.6
389
261
100
15
60
51.3
546.0
600
2,684
46
75
148
2,736
10
40
400
50
5.5
31.4
5
20
200
11
25
88
0
0
0
0
2000
2002
2000
2002
2000
2002
2000
2002
Note Y axis indicates dollar volume and the
numbers within bars are number of deals. Data
above bars is dollar volume in billions.
8
Overview
Corporate Investment Banking

• Mid-capitalization client focus.
• Broad product and distribution capabilities.
• Large capital base.
• Fully integrated business model.
• Business model built for success in the new age
  of corporate and investment banking.

9
Corporate Investment Banking Platform
10
Corporate Investment Banking Platform
Wachovias Corporate Investment Banking Platform
General Bank
Corporate Investment Banking
Capital Management
Wealth Management
CIB Origination
11
Corporate Investment Banking Platform
Leading Capital Markets Capabilities
12
Corporate Investment Banking Platform
Comprehensive Product Capabilities
Middle Market Companies
Idea Generation
Capital Raising
WACHOVIA Corporate Investment Banking
Capital Finance
PRINCIPAL INVESTING
FIXED INCOME
MA ADVISORY
DEBT PRIVATE PLACEMENTS
EQUITY CAPITAL MARKETS
ASSET BACKED FINANCE
LOAN SYNDICATIONS
TREASURY SERVICES

• 2nd largest cash management provider
• One of the nations largest lockbox networks (2
  retail and 3 wholesale)
• Ranked in the top two providers in eight of 11
  product categories by Ernst Young, top four
  providers in all 11

• 1st in trade receivable transactions
• 3rd largest bank owned leasing company in U.S.
• 4th in trade receivable commitments
• 9th largest leasing company in U.S.
• Total commitments in excess of 7 billion for
  2003

• Direct investments of more than 2.5B in over 200
  companies since 1988
• Fund commitments of more than 2B in over 200
  funds

• 7th for domestic high yield
• 62 investment grade debt offerings in 2002
  raising over 31 billion. Ranked 7th in Q1 2003
• Leading provider of interest rate, currency and
  equity derivatives

• 1st in 1997-1Q 2003 as lead manager for public
  equipment-backed issues
• 12th in volume of public and private issuances
  for 1Q 2003, 4.5B issued
• 1st in SBA 7(a), conventional, and middle market
  commercial loan issuance 2000-1Q 2003
• Rank in the top 3 in third party home equity
  securitization

• 13th in equity underwriting for Q1 2003
• Managed 6 deals in Q1 2003, raising over 743M
• Combination with Prudential creates 3rd largest
  retail brokerage firm in the U.S. with over 537B
  in client assets
• Integrated managed offering, restricted block
  trading and corporate finance services team

• 4th in traditional private placements
  transactions for 2002 (issues)
• 11 traditional private placement transactions
  completed in 2002, raising over 1 billion in
  proceeds
• Providing senior debt, synthetic leases, credit
  tenant leases and investment and non-investment
  grade transactions

• 7th in leveraged lead arranged transactions and
  5th in investment grade lead arranged
  transactions in Q1 2003
• 72 agent only transactions for 26.5 B (5) in Q1
  2003
• Ranked 7th in Institutional lead arranged
  transactions in Q1 2003

• Over 360 transactions completed since 1996
• Leading MA advisor serving growing companies
  since 1975
• Sellside, buyside, strategic financial advisory,
  takeover defense and special committee
  presentation experience

As of March 31, 2003
13
Corporate Investment Banking Platform
Integrated Corporate Investment Banking
Coverage Model
Consumer Retail
Defense Aerospace
Energy Power
Financial Institutions
Healthcare
Industrial Growth
International
IT Business Services
Real Estate
Media Communications
Strategic Advisory Group
Technology
Public Equity
Mergers Acquisitions
High Yield Debt
Wealth Management
Loan Syndications
Investment Grade Debt
Private Placements
Convertible Securities
Derivative Securities
Asset Securitization
Congress Financial
Cash Management
Asset Based Lending
Leasing
Asset Based Conduit Finance
14
Corporate Investment Banking Product Expertise
15
Corporate Investment Banking Product Expertise
Fixed Income

• Interest Rate Products
• 300 million of revenues/80 employees.
• 4th largest swap and 4th largest OTC Option
  portfolios among all U.S. Commercial Banks as of
  12/31/02.
• Based on customer sources, 2 in Mortgage options
  over the past 3 ½ years with trading volume
  between 120 to 180 billion annually (no
  published numbers).
• Credit Products
• 300 million of revenues/184 employees.
• High Yield
• Lead or co-manager in 20 of deals done in market
  in 2002 and 2003.
• 6 in High Yield Domestic Deals issuance.
• High Grade
• Lead manager on 40 deals raising 12.2 billion in
  2002.
• 5 in High Grade ( of deals).

• Structured Products
• 650 million of revenues/490 employees.
• Structured Credit Products
• 3 in overall CDO issuance and 1 in RE CDO
  issuance in 2002.
• 1 in Middle Market CLO issuance in 2002.
• Commercial ABS Finance
• 1 in equipment ABS issuance by the 1997-2002
  total volume.
• Real Estate Capital Markets
• 8 in Floating Rate Loan Issuance , 1 in
  Commercial RE Lending.
• 2 Commercial Mortgage Loan Contributor to CMBS
  deals, 8 Mortgage Loan Contributor to domestic
  deals, 8 US CMBS Bookrunner.
• Non-Dollar Products
• 120 million of revenues/50 employees.
• Offer 24 hour trading and marketing with an
  extensive coverage in spot, forward, option,
  interest rate swaps and options, with customized
  solutions.

16
Corporate Investment Banking Product Expertise
Equity
Experienced Leadership

• 327 experienced professionals focused exclusively
  on growing, dynamic companies driving industry
  change.
• Proven managed offering underwriter.
• Revenue up 25, Wall Street down 30 in 2002.
• 15 year institutional relationships.
• Wall Street leading retail stock retention.
• Consistent after-market trading support.
• 32 senior research analysts covering over 350
  companies (average analyst covers 10-12
  companies).
• Franchise approach to coverage vs. I.I. model.
• 43 equity salespeople covering over 600 accounts
  in the U.S. and Europe.
• Recently completed Prudential combination creates
  the third largest retail brokerage firm in the
  U.S.
• Integrated managed offering, restricted block
  trading and corporate finance services team
  dedicated to designing optimal client solutions.

Strong Momentum in a Difficult Market
17
Corporate Investment Banking Product Expertise
High Yield
Growth In Market Share

• Superior execution
• Involved as lead or co-manager in 20 of deals
  done in market in 2002 and 2003.
• Since 1996
• No deal priced outside of price talk.
• No failed or pulled transactions.
• 4th best default record as measured by Bondweek.
• Over 1 billion of capital committed to trading
  desk.
• Significant momentum
• Wachovias high yield new issuance increased by
  21 in 2002 in the face of a market that was down
  26.

League Table
18
Corporate Investment Banking Product Expertise
Loan Syndications

• Consistently ranked as a top 5 Lead Arranger in
  every broad market category.
• Successfully executed over 700 transactions since
  1998, raising in excess of 115 billion.
• The Syndications group includes over 140
  professionals dedicated to leading market
  knowledge and superior transaction execution in
  the syndicated loan market, including
  origination, underwriting, syndicate, sales,
  trading, agency management and market research.
• Proven, award-winning ability to structure and
  execute a diverse array of syndicated loans, from
  working capital facilities to highly structured,
  complex leveraged buyouts.
• Recipient of International Finance Reviews U.S.
  Leveraged Loan of the Year award two years
  running
• 2.7 billion acquisition financing for Suiza
  Foods purchase of Dean Foods in 2001.
• 1.49 billion leveraged loan associated with the
  Qwest-Dex East portion of the total 7.05 billion
  leveraged buyout of Qwests yellow pages assets
  by The Carlyle Group and Welsh, Carson, Anderson
  Stowe in 2002.
• Exceptional distribution capabilities via our
  Sales and Trading professionals, who maintain
  strong relationships with over 300 investors.
• Top-rated par loan trading desk to provide
  secondary market support and market color to our
  investors. Our par loan trading team executed
  over 3.5 billion in total trading volume during
  2002.
• Research professionals dedicated to identifying
  and analyzing trends in the syndicated loan
  market to provide insight and commentary to our
  issuers and investors.

19
Corporate Investment Banking Product Expertise
Mergers Acquisitions

• Market Performance
• The anticipated recovery in MA activity has yet
  to arrive ...although a surge in activity in the
  first few weeks of July is hopeful.
• MA volume in the first six months of 2003 showed
  little in the way of a renewed fervor to buy
  companies, shed divisions or consolidate
  operations in the same manner that had occurred
  in the late 1990s.
• First Half 2003 domestic MA activity decreased
  17 from a year ago, while worldwide activity
  decreased 6. Based on current trends, US MA
  dollar volume this year is on track to finish
  below 2002s announced total of 439.4 billion,
  and would mark the third straight year of
  declining volume.
• Despite the statistics, there is a strong view
  among PEGs that deal flow has increased
  significantly in the past six weeks. Combined
  with the recent lift in announced deal activity,
  MA volumes should show some increases in the
  second half.
• Wachovia Impact
• Despite a declining market, Wachovia Securities
  gained significant market share with announced
  deal volume more than doubling (1.7B to 4.9B)
  in the first half of 2003.

20
Corporate Investment Banking Product Expertise
Capital Finance

• Leasing
• 3rd largest bank owned leasing company in U.S..
• 9th largest leasing company in U.S..
• 14 billion in lease receivables.
• Projected to complete more than 2.5 billion in
  equipment cost by FYE 2003.
• Since 1994, completed more than 30 billion in
  transactions.
• Awarded Deal of the Year by Asset Finance
  International 1997, 1999, 2000, 2001 2002
• Congress Financial
• Began more than 50 years as a family owned
  business
• Owned by Core States for 30 years.
• Integrated within Wachovia in 1988.
• Offices throughout U.S., Canada, and the United
  Kingdom including New York, NY, Montreal, Quebec
  and London, England..
• Projected to complete more than 100 new
  transactions by FYE 2003.

• Asset Backed Lending
• Bank asset-based lending presence since 1972.
• Total commitments in excess of 3.5 billion.
• Active relationships with over 190 clients
  nationwide.
• Staff of 140 professionals with specialists in
  the areas of
• Collateral evaluation Monitoring
• Underwriters
• Field examination
• Portfolio management
• Origination Structuring
• Asset Backed Conduit Program
• As of May 15, 2003, ranked 4th in Trade
  Receivable Commitments.
• 1st in net Trade Receivable Transactions for the
  period January 15, 2000 to May 15, 2003.
• Lead or Sole Agent on Eighty-two percent of
  transactions.
• 2 warehouse vehicles Variable Funding Capital
  Corp. (VFCC) and Blue Ridge. As of May 15,
  2003, Blue Ridge held approximately
• 56 deals.
• 6.6 billion in commercial paper purchase limits
  and
• 3.1 billion in commercial paper outstanding.

21
Analyst Career Opportunities
22
Analyst Career Opportunities
Analyst Career Opportunities

• Wachovia Securities is looking to hire over 130
  analysts for the class of 2004 to work across a
  broad range of industries and product groups,
  including
• Capital Finance Analyst
• Provides hands on training in structuring
  financial solutions for companies involved in
  leveraged and management buyouts, refinancing of
  bank debt or comprehensive debt restructuring,
  and the acquisition of large equipment.
• Credit Capital Markets Analyst
• Responsible for the active management of the
  return, diversity, and quality of Wachovia's
  overall corporate banking loan portfolio, while
  also serving as the primary contact point for
  clients, participant lenders, and agent banks on
  a wide range of issues or needs related to credit
  and capital commitments provided by Wachovia to
  individual client relationships.
• Fixed Income Analyst Provides fixed income
  products and risk management solutions including
  Interest Rate Products, Non-Dollar Products,
  Credit Products, and Structured Products through
  origination, asset management, sales, trading,
  and research.
• Investment Banking Analyst
• Corporate Finance - Deliver proprietary ideas and
  advisory services to priority corporate clients.
  Work closely with all product groups to originate
  and execute certain investment banking products
  (high yield, equity, MA, etc.).
• Loan Syndications - Execute, structure, and
  market all senior debt and high yield products
• MA - Execute buyside, sellside, and advisory
  assignments in a variety of industries and assist
  in relationship management for key financial
  sponsor clients.

23
Analyst Career Opportunities
Capital Finance

• Wachovia Capital Finance offers alternative
  financing solutions for clients generally not
  suited to traditional bank approaches. These
  solutions include asset-based lending, leasing,
  and rail services all of which are tailored to
  meet any financing objective.
• Capital Finance works to maximize a clients
  borrowing capacity through leveraging its
  business assets such as account receivables,
  inventories, machinery and equipment, real estate
  and certain intangibles.

• Assist in underwriting, deal execution, and
  business planning activities
• Participate in client meetings, due diligence and
  other client interactions.
• Model financial projections, structure senior
  loans and perform on-going administration.

24
Analyst Career Opportunities
Credit Capital Markets

• The Portfolio Management team has responsibility
  for the borrowing/credit relationships of the
  corporate banking clients. In its role, the
  various Portfolio Management units interact
  directly with these clients monitor the changing
  risk trends of individual client relationships
  routinely assess the evolving mix of loans in the
  portfolio and actively manage the diversity and
  return of the assets held in the portfolio

• Prepare primary assessments of and
  recommendations on client borrowing requests, as
  well as secondary market debt trading
  opportunities.
• Perform transaction valuation analysis and
  prepare financial models.
• Monitor and prepare summary updates on changing
  trends in the respective industries and financial
  markets in which Wachovias clients operate.
• Participate in due diligence activities, client
  interactions, and market trading activity
  assessment in conjunction with senior bankers and
  credit officers.

25
Analyst Career Opportunities
Fixed Income Interest Rate Products
Non-Dollar Products

• Interest Rate Products
• Specialized structuring teams focused on
  institutional, corporate, commercial, and
  tax-exempt hedging needs with experienced
  professionals in each of these unique
  disciplines.
• Analyzes and implements strategies in
  cost-effective ways that are responsive to
  changing market conditions through specific
  marketing and trading efforts.
• Non-Dollar Products
• Offers a full range of products and services
  designed to help corporations and investors
  manage their foreign currency exposure.
• Emphasizes a consultative approach to solve the
  global risk management needs of clients including
  global debt strategy, foreign interest rate
  management, and currency hedging.

• Support marketers and traders by
• Structuring and executing client transactions.
• Preparing marketing materials including pitch
  books, analytical graphs, and capital structure
  analysis.
• Providing market data and pricing indications on
  a daily basis to bank clients.
• Coordinating with Relationship Managers and
  Credit Officers to facilitate the closing of
  transactions.
• Researching company financial disclosures for
  immediate opportunities and new business.

26
Analyst Career Opportunities
Fixed Income Credit Products Structured
Products

• Credit Products
• Focused group specializing in corporate bond
  origination, sales and trading, high yield
  origination, sales and trading, municipal
  securities origination, sales and trading, money
  market trading and research.
• Credit research focused on industry reports and
  issuer profiles.
• Structured Products
• Group of over 500 professionals engaged in
  origination, asset management, sales and trading
  of structured products in the areas of commercial
  mortgage backed securities, residential mortgage
  and consumer ABS, commercial ABS, and CDOs.

• Perform analysis of various ABS assets.
• Assist in the creation of pitches, proposals, and
  marketing materials.
• Participate in client meetings.
• Gain understanding of fixed income markets and
  operational support of traders.
• Acquire Series 7 and Series 63 licenses

27
Analyst Career Opportunities
Investment Banking - Corporate Finance

• The Corporate Finance Group is the origination
  arm of Wachovia Securities, working closely with
  all product groups to originate and execute
  various investment banking products, including
  equity, high yield, MA, loan syndications,
  convertible debt, etc.
• Bankers within Corporate Finance are assigned to
  a specific industry group (see page.11) and
  maintain active dialog with their priority
  clients in those sectors.

• Perform valuation and credit analysis through
  sophisticated leveraged buyout, discounted cash
  flow, merger, comparable public company and
  comparable transaction models.
• Create and edit pitchbooks used in the
  origination of investment banking transactions.
• Participate in due diligence, drafting sessions
  and preparing offering memoranda and management
  presentations primarily for equity, high yield
  and MA transactions.

28
Analyst Career Opportunities
Investment Banking - Origination Execution

• Assist in the origination, structuring, execution
  and servicing of Loan Syndications and High Yield
  debt offerings for all corporate customers and
  private equity groups in certain industries for
  acquisitions, recapitalizations, LBOs and growth
  financings.
• Serve as senior deal manager to execute all
  senior debt underwriting, due diligence, and
  marketing documents and materials, and manage
  internal credit and pricing approval processes.

• Prepare offering memorandums, lender, rating
  agency and roadshow materials for debt offerings.
• Perform valuation analysis and develop financial
  models.
• Research comparable transactions and perform
  relative value analysis to determine pricing for
  securities.
• Participate in client meetings, due diligence
  visits and other client interactions.

29
Analyst Career Opportunities
Investment Banking - MA/Financial Sponsors

• The Mergers Acquisitions/Financial Sponsors
  Group is responsible for transaction execution of
  buyside, sellside, and advisory assignments in a
  variety of industries, as well as relationship
  management for key financial sponsor clients.
• Senior bankers within MA are aligned with
  Corporate Finance industry groups and are
  responsible for maintaining an active MA
  dialogue with clients in their respective
  sectors.
• Analysts and Associates in MA are generalists
  and work on transactions in a broad range of
  industries.

• Creation of detailed financial models used for
  valuation (DCF, LBO, merger plans,
  accretion/dilution, comparable company, and
  transaction analysis).
• Research and preparation of industry analyses,
  buyers lists, and acquisition opportunities.
• Preparation of marketing documents, including
  pitch materials, confidential offering memoranda,
  management presentations, fairness opinions, and
  board presentations.
• Support of the relationship management efforts of
  Financial Sponsors Group coverage officers
  through the development of value-added ideas,
  preparation of marketing presentations, and
  execution of MA and financing opportunities.

30
Analyst Career Opportunities
After The Analyst Program

• Following the conclusion of the program, analysts
  have pursued a variety of career options,
  including corporate clients and the following
  representative equity firms and graduate schools.

31
Why Wachovia Securities?
32
Why Wachovia Securities?
The Analyst Experience

• Wall Street caliber experience.
• Small deal teams result in immediate
  responsibility.
• Allows for direct access to senior bankers.
• Allows for direct and frequent client
  interaction.
• Middle market client base provides more
  interaction with senior-level decision makers.
• Comprehensive financial services platform
  provides variety of career opportunities in
  multiple locations.
• Senior bankers actively support efforts to
  develop career opportunities at conclusion of
  analyst program.
• Intensive training program.

33
What this means for you

• The Analyst Program will expose you to a broad
  range of responsibilities, a diverse mix of
  financial products, and an excellent opportunity
  to increase the depth of your understanding of
  the financial markets.
• The Analyst is the primary analytical support for
  corporate and investment bankers in the design
  and origination of corporate and investment
  banking transactions.
• As an Analyst, you will be conducting research,
  participating in strategic planning and assisting
  in the execution of advisory services, attending
  client meetings/due diligence visits and gaining
  exposure to key executives and senior bankers.
• The Analyst provides these services as part of a
  team consisting of Associates, Vice Presidents,
  and Managing Directors.
• These positions require a high level of personal
  motivation, strong interpersonal communication
  skills and sound analytical thinking.
• Candidates must be comfortable working
  independently and as part of a team, have proven
  academic performance and be willing to take on
  significant responsibility for meeting stringent
  deadlines and high quality standards.
• Opportunities exist within the following lines of
  business Investment Banking (includes Corporate
  Finance, MA/Financial Sponsors Group, and Loan
  Syndications), Credit Capital Markets, Capital
  Finance, and Fixed Income Division(includes
  Credit Products, Interest Rate Products,
  Non-Dollar Products, and Structured Products).

34
Recruiting Process
35
Recruiting Process
ON CAMPUS INTERVIEWS
SELECTION OF FINAL CANDIDATES
SUPER SATURDAY Charlotte, North
Carolina Friday Evening Presentation
Dinner Saturday Series of 6 or 8
interviews with a
debrief at the end Follow-up
Extension of final offers
36
Recruiting Information
CAMPUS DATES Campus Interviews October 8,
2003 Super Saturdays October 25, 2003
November 1, 2003 November
15, 2003 November 22, 2003 December 6, 2003
College Recruiting Contact Melissa Hunter CIB
Analyst Recruiter melissa.hunter_at_wachovia.com
CONTACT INFORMATION School Captains Barbara
Hall Loan Syndications barbara1.hall_at_wachovia.com
Brian Grabenstein Fixed Income,
Structured Products
brian.grabenstein_at_wachovia.com Ernie May Credit
Capital Markets, Agency Management mark.weir_at_wacho
via.com
37
Appendix
38
APPENDIX
Selected Closed Transactions
Asset Securitization
Follow-On Offering
Initial Public Offering
Convertible Debt
Equity Derivatives
Initial Public Offering
Capital Management
Loan Syndications
High Yield
Loan Syndications
Asset Securitization
Initial Public Offering
Currency Derivatives
Follow-On Offering
Senior Notes
39
APPENDIX
Selected Closed Transactions
Loan Syndications
Investment Grade Debt
Capital Management
Loan Syndications
Loan Syndications
Convertible Notes
Convertible Securities
Asset Securitization
Loan Syndications
Asset Securitization
Investment Grade Debt
Senior Notes
Initial Public Offering
Loan Syndications
Loan Syndications
40
APPENDIX
Selected Closed Transactions
Follow-On Offering
Follow-On Offering
Follow-On Offering
Loan Syndications
Mergers Acquisitions
Mergers Acquisitons
Loan Syndications
Loan Syndications
Loan Syndications
Loan Syndications
Senior Notes
Senior Notes
Senior Notes
Fixed Income Derivatives
Asset-Based Lending
41
APPENDIX
Selected Closed Transactions
Asset-Based Lending
Asset Securitization
Investment Grade Debt
Follow-On Equity Offering
Cash Management
Fixed Income Derivatives
International Cash Management
Convertible Securities
Loan Syndications
Loan Syndications
Loan Syndications
Loan Syndications
Initial Public Offering
High Yield Loan Syndications
Initial Public Offering
42
APPENDIX
Selected Closed Transactions
Asset Backed Lending
Asset Based Lending
Asset Backed Lending
Asset Backed Lending
Asset Backed Lending
Leasing
Leasing
Leasing
Asset Backed Conduit Finance
Asset Backed Conduit Finance
Asset Backed Conduit Finance
Asset Backed Conduit Finance
Congress Financial