Banco Espirito Santo: Bank Capital Structure

The present work is focused on the analysis of Banco Espirito Santo (?BES?) Bank Capital Structure, as requested by the client. My division within Lehman Brothers International(Debt Capital Markets/Financial Institution Group) will try to help the client to raise money by selling debt or equity securities to investors. Our objective is that of determining the optimal placement strategy to be used by BES, and in order to do that we started our analysis with a comprehensive understanding of the current volatile market conditions, key aspect for a successful transaction. Then, we analyzed BES Bank Capital Structure and its solvency ratios highlighted that BES Group had got strong positions to finance possible future growth. Lehman Brothers then utilized all the necessary resources for successfully marketing, bookrunning and placing of the issuances.