GlobalCapital is delighted to announce the nominees and to open voting in this year’s Covered Bond Awards.
Many thanks to those who helped to determine the shortlists by taking part in the market consultation, which took place in May. Market participants were invited to share their recommendations of the deals, borrowers, investment banks and people that stood out during the period that these awards cover. Based on this feedback, shortlists were drawn up in each category. As ever, this was a competitive process and our congratulations go to all of this year’s nominees.
These shortlists are now open to a market vote to choose the winners. Those active in the covered bond market are invited to have their say on the leading names in each category.
The poll will be open until midnight BST on July 5, 2024.
The GlobalCapital Covered Bond Awards celebrate the most notable market achievements in the period between August 1, 2023 and May 31, 2024.
Voting will be close on July 5, 2024.
You can find the full shortlist below.
Please read the following instructions carefully to ensure that your votes are counted accurately.
The Rules
One vote per institution.
The asset management, treasury and investment banking divisions within the same group can vote respectively as investor, issuer and lead manager, provided they meet the eligibility requirements listed below.
Banks within a single network will be considered a single institution.
Block voting, for one institution across all categories it has been nominated for, is not permitted.
Voting for your own institution is not permitted.
The first vote from an institution is the one that will be counted, unless we are told otherwise.
Who can vote?
Anyone active in the covered bond market is invited to vote.
Lead managers must have syndicated at least one publicly distributed benchmark covered bond between August 2023 and May 2024.
Issuers will have launched at least one publicly placed transaction of €250m or more in the past 18 months.
Investors will have bought covered bonds between August 2023 to May 2024, with the more active getting a larger weighting.
The winners of the awards will be announced at a gala dinner at the Renaissance Lapa on September 12, following the ECBC Covered Bond conference in Porto.
If you have any questions about the awards or research process, please contact Sophie Astles
For more information on attending the ceremony, please contact Katherine Tapper
Shortlists
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Deal of the Year
- BPER Banca €500m 3.25% January 2031
- Caffil €500m 3.125% May 2039
- Nordea €750m January 2027 floater and €1bn 3% January 2031
- Société Générale SFH €1.25bn 3% February 2027 and €1bn 3.125% February 2036
- Toronto Dominion €2bn February 2027 floater, €2.5bn 3.191% February 2029 and €1bn 3.247% February 2034
Best Pioneering Deal(This Award is for using diverse or new funding products and techniques, structures, call schedules, investor relations work, ESG activities, etc)- Hamburg Commercial Bank €500m 3.625% January 2026 ship
- Novo Banco €500m 3.25% March 2027
- Santander €500m 3.125% May 2029 export finance Cédulas
- Toronto Dominion €750m September 2026 floater, €1.5bn 3.765% September 2026 and €1bn 3.666% September 2031
- UBS Sfr150m 1.5075% May 2029 digital
Best ESG Deal- Bausparkasse Schwaebisch Hall €500m 2.875% January 2029 green
- Berlin Hyp €500m 2.75% February 2027 green
- BPCE €1.5bn 3.125% May 2034 green
- Equitable Bank €500m 3.5% May 2027 social
- Korea Housing Finance Corporation €500m 3.124% March 2029 social
Best Debut or Returning Deal- Banca Monte Dei Paschi di Siena €750m 3.5% April 2029
- Bausparkasse Schwaebisch Hall €500m 2.875% January 2029 green debut
- Novo Banco €500m 3.25% March 2027
- TSB Bank €500m 3.319% March 2029
- UBS Switzerland €1bn 3.304% March 2029
Best Swiss franc Deal- Fédération des caisses Desjardins du Québec (CCDJ) Sfr265m 1.355% April 2027 and Sfr175m 1.42% April 2030
- Korea Housing Finance Corporation Sfr200m 1.778% February 2027 and Sfr150m 1.845% February 2030
- Lloyds Bank Sfr440m 1.87% August 2028
- UBS Switzerland Sfr350m 1.82% October 2026 and Sfr470m 2.035% October 2033
Best Sterling Deal- ANZ £1bn December 2026
- Barclays £500m March 2029
- DBS Bank £1bn May 2027
- NatWest Bank £750m March 2029
- Nationwide Building Society £750m October 2030
Best Dollar Deal- Commonwealth Bank of Australia $1.75bn 5.071% September 2028
- Deutsche Pfandbriefbank $550m 5.25% December 2026
- LBBW $600m 4.875% February 2028
- Nationwide Building Society $1.5bn 5.264% November 2026
- RBC $2bn 4.851% December 2026
Best Euro Deal- Caffil €500m 3.125% May 2039
- CRH €1.75bn 2.875% March 2031
- Nationwide Building Society €500m May 2027 floater and €500m 3.309% May 2034
- Toronto Dominion €2bn February 2027 floater, €2.5bn 3.191% February 2029 and €1bn 3.247% February 2034
- Rabobank €1bn 3.202% May 2036
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Issuer of the YearBPCE
Caffil
Crédit Agricole
Nationwide Building Society
Toronto DominionBest ESG IssuerBerlin Hyp
BPCE
Caffil
Equitable
Korea Housing Finance CorporationBest Eurozone IssuerBPCE
Caffil
CRH
LBBW
RabobankBest non-Eurozone IssuerFédération des caisses Desjardins du Québec (CCDJ)
DBS Bank
Nationwide Building Society
Santander UK
Toronto Dominion -
Covered Bond House of the YearCrédit Agricole
ING
LBBW
Natixis
UniCreditBest Euro Lead ManagerCommerzbank
Crédit Agricole
LBBW
Natixis
UniCreditBest Dollar Lead ManagerBMO Capital Markets
RBC Capital Markets
TD SecuritiesBest Sterling Lead ManagerBarclays
BMO Capital Markets
HSBC
Lloyds
NatWest MarketsBest Syndicate BankBNP Paribas
Crédit Agricole
Erste
Natixis
UniCreditBest Covered Bond ResearchBarclays
Commerzbank
Crédit AgricoleBest Liquidity ProviderING
JP Morgan
SantanderBest Bank for DistributionBarclays
DZ Bank
Erste
Helaba
LBBWBest Bank for Structuring & ALMBarclays
BNP Paribas
HSBC
NatWest Markets
UBSBest Bank for Using Technology in Primary Bond MarketsBNP Paribas
Société Générale
UBSBest Bank for ESG IssuersCrédit Agricole
HSBC
ING
Natixis
NatWest MarketsBest Bank for Inaugural IssuersBarclays
BNP Paribas
Erste
Helaba
LBBW -
Investor of the YearBNY Mellon Corporate Treasury
Commerzbank Treasury
Nordea IM
Norges
Union InvestBest Rating AgencyFitch Ratings
Moody’s Ratings
S&P GlobalBest Second Party Opinion ProviderISS ESG
SustainalyticsBest Law FirmA&O Shearman
Clifford Chance
Linklaters
White & CaseBest Electronic Trading Platform for Covered BondsBloomberg
MarketAxess
TradewebBest Corporate Trust ProvidersBNP Paribas Securities Services
Deutsche Bank Trust and Agency Service
HSBC Issuer Services
BNY Mellon Corporate Trustee Services Limited -
Best Syndicate BankerMladen Djurdjevic, Erste
Vincent Hoarau, Crédit Agricole
Ken Loesken, ING
Damian Saunders, BNP Paribas
Alex Trulli, Natixis
Alberto Villa, UniCreditBest Funding OfficialCameron Joynt, Toronto Dominion
Petra Mellor, Nordea
Marc Nocart, CRH
Cedric Perrier, BPCE
Thor Tellefsen, DNBCovered Bonds Rising Star(for any participant in the covered bond markets with less than 10 years’ experience)
Maxim Börsig, Erste Group
Florian Gritzky, Erste Group
Mathilde Lopez, Natixis
Maria Kasatkina, Berlin Hyp
Tara Parmar, Nationwide Building Society
Anthony Patureau, ING
Suraj Sheth, BarclaysLifetime Achievement AwardWe welcome informal recommendations in this category, but the winner will be chosen by GlobalCapital. If you wish to make a nomination, please contact Sophie Astles