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Article: WR Lazard manages $1 billion bond issue. (for New York City's water agency)
- Article from:
- Black Enterprise
- Article date:
- August 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The nation's third-largest black-owned investment banking firm, WR Lazard & Co., recently landed the biggest account in its eight-year history. Along with Smith Barney and PaineWebber, WR Lazard will senior manage the New York City Municipal Water Finance Authority's $1 billion revenue bond issue. The deal, affirming the New York-based firm's position as a major investment banking house, coincidentally came one week after its March reorganization.
In March, WR Lazard established a four-member executive committee to structure the firm to be more competitive in its investment banking, asset management, financial advisory and sales and trading businesses. Along with ...
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