Financial institutions bond deals of the year

Market participants tried desperately to put Covid-19 behind them in 2021, but another year was defined by the pandemic. Though vaccination programmes reduced the number of national lockdowns, the resulting economic rebound brought with it a new and scary risk: the prospect that central banks could start shrinking, rather than expanding, their balance sheets. Fears over the delayed impact of the coronavirus carnage triggered more frequent bouts of volatility in international markets, which became increasingly violent as the year rolled on. In such a tricky year of transition, GlobalCapital wanted to reward those bond deals that achieved standout results for FIG issuers — in terms of pricing, innovation, execution, and timing. The winners are presented here