Cazenove leads Lonmin convertible.

Financial News, September, 2003

Byline: Shanny Basar

Cazenove is running the books on a European equity-linked deal for the first time in five years, having secured the mandate with Morgan Stanley to lead a $200m ([euro]174m) convertible from Lonmin, the UK mining company.Cazenove last ran a European equity-linked deal in 1998, according to Dealogic, the investment banking research firm. The UK bank then led a [pounds sterling]58m ([euro]83.5m) issue for Great Portland Estates, the UK property company.

Cazenove is Lonmin's corporate broker and Morgan Stanley also has an existing advisory relationship with the mining company. Lonmin is a 27.6% shareholder in Ashanti Goldfields, the Ghanaian mining group, which is merging with AngloGold, its South African rival. Morgan Stanley advised...

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