GlobalCapital was pleased to gather the global bond market together on Wednesday evening to celebrate the winners of its annual Bond Awards.
The mood was upbeat, as players from across the supranational, sovereign and agency, financial institutions, corporate and emerging market bond markets came together to catch up with old friends, connect with new faces and congratulate the winners over dinner, drinks and music. A record number of participants from all corners came to the dinner.
Now in their 17th year, the GlobalCapital Bond Awards are the only awards dedicated to issuers, investment banks, investors, rating agencies, law firms and advisers in the international bond markets. They recognise performance between April 1 2023 and March 31 2024.
Uniquely, the nominees and winners are decided by the industry itself, through a survey that took place in March and April. This means that the winners reflect those that are considered by their clients and counterparts to be the very best.
The exception to the polled categories are the Lifetime Achievement awards, which are selected by the GlobalCapital editorial team. This year, the accolades were presented to Bertrand de Mazières, Judit Orel and Sir Robert Stheeman. De Mazières retired from the European Investment Bank at the end of 2023, ending a long and high profile career in public finance. Orel also retired last year, having spent almost 25 years as head of capital markets for AKK, Hungary's debt management office. Stheeman is the outgoing CEO of the UK Debt Management Office, and has been responsible for pioneering its reputation as a leading issuer in the global bond market over the past 20 years.
Congratulations to all our winners and nominees, and huge thanks to all those who took the time to vote in the poll. The full list of winners and nominees is below. Click here to download a PDF of the winners.
The Winners
Lifetime Achievement Awards
Bertrand de Mazières — European Investment Bank
Judit Orel — Hungary
Sir Robert Stheeman — UK DMO
SSA
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Overall Most Impressive SSA Funding TeamWinner: KfW
European Investment Bank
European Union
World BankMost Innovative SSA IssuerWinner: African Development Bank
European Investment Bank
World BankMost Impressive SSA Issuer across Multiple MarketsWinner: World Bank
Asian Development Bank
European Investment Bank
KfWMost Impressive SSA Issuer at Using New Bond Market TechnologyWinner: European Investment Bank
KfW
World BankMost Impressive SSA Issuer in DollarsWinner: European Investment Bank
KfW
World BankMost Impressive SSA Issuer in EurosWinner: European Union
European Investment Bank
KfWMost Impressive Sovereign Funding TeamWinner: Italy
France
Germany
Spain
UKMost Impressive Supranational Funding TeamWinner: European Investment Bank
European Union
World BankBest Agency Funding TeamWinner: Agence Française de Développement
Winner: BNG Bank
Winner: KfW
CPP Investments
Export Development Canada
KBN KommunalbankenMost Impressive State, Regional or Municipal Funding TeamWinner: State of North Rhine-Westphalia
Île de France
Madrid
Québec
State of BerlinMost Impressive Supranational ESG Bond IssuerWinner: European Investment Bank
European Union
World BankMost Impressive Government ESG Bond IssuerWinner: France
Austria
Canada
Germany
ItalyMost Impressive Agency ESG Bond IssuerWinner: KfW
Agence Française de Développement
BNG Bank
Bpifrance
NWB BankMost Impressive Local Government ESG Bond IssuerWinner: State of North Rhine-Westphalia
Île-de-France
State of Saxony-AnhaltMost Impressive SSA MTN IssuerWinner: World Bank
European Bank for Reconstruction and Development
International Finance Corp -
Most Impressive Sovereign Funding OfficialWinner: Davide Iacovoni, Italy
Etienne Lessard, Canada
Robert Stheeman, UK
Markus Stix, Austria
Fabrizio Tesseri, ItalyMost Impressive Supranational Funding OfficialWinner: Sandeep Dhawan, European Investment Bank
Andrea Dore, International Bank for Reconstruction and Development
Isabelle Laurent, European Bank for Reconstruction and Development
Maria Lomotan, Asian Development Bank
Silke Weiss, European Stability MechanismMost Impressive Agency Funding OfficialWinner: Jörg Graupner, KfW
Thibaut Makarovsky, Agence Française de Développement
Koen Westdjik, BNG BankMost Impressive State, Regional or Municipal Funding OfficialWinner: Stefan Wegner, State of North Rhine-Westphalia
Alexander Labermeier, Hessen
Guillaume Pichard, Québec
Rodrigo Robledo, MadridRising Star SSA Funding OfficialWinner: Sydney Siahaija, BNG Bank
Miia Palviainen, Council of Europe Development Bank
Victor Rischmann, Agence Française de Développement
Alexander Schierlinger, OeKB Group
Joris Schoenmakers, Asian Development Bank -
Overall Most Impressive Bank for SSA BondsWinner: JP Morgan
Barclays
Citigroup
Deutsche Bank
HSBCEmerging Force in SSA BondsWinner: Santander
CIBC World Markets
Danske Bank
Natixis
Natwest MarketsMost Impressive Bank for SSA ESG Capital MarketsWinner: Crédit Agricole
BNP Paribas
HSBC
Natwest MarketsMost Impressive Bank in Using New Technology for SSA Primary Bond MarketsWinner: HSBC
Barclays
Citigroup
Deutsche Bank
Goldman Sachs
Société GénéraleMost Impressive SSA Coverage TeamWinner: JP Morgan
Bank of America
Barclays
Citigroup
Crédit Agricole
Deutsche BankMost Impressive Syndicate Team for SSA BondsWinner: JP Morgan
Bank of America
Barclays
Citigroup
Deutsche Bank
HSBCMost Impressive SSA House in EurosWinner: Deutsche Bank
Barclays
BNP Paribas
Crédit Agricole
JP MorganMost Impressive SSA House in DollarsWinner: Citigroup
Bank of America
BMO Capital Markets
JP Morgan
RBC Capital MarketsMost Impressive SSA House in SterlingWinner: Barclays
Bank of America
HSBC
Natwest Markets
RBC Capital MarketsMost Impressive SSA House in Non-Core CurrenciesWinner: RBC Capital Markets
BNP Paribas
Danske Bank
Deutsche Bank
TD SecuritiesMost Impressive SSA House for the Canadian MarketWinner: CIBC World Markets
RBC Capital Markets
TD SecuritiesMost Impressive SSA House for the Japanese MarketWinner: Daiwa Capital Markets
MUFG
NomuraMost Impressive MTN Dealer for SSAsWinner: JP Morgan
Citigroup
Deutsche Bank
Morgan Stanley
RBC Capital Markets -
Most Impressive SSA Syndicate BankerWinner: Neal Ganatra, Deutsche Bank
Alex Barnes, Citi
Dupinder Chana, Barclays
Benjamin Moulle, Crédit Agricole
Adrien de Naurois, Bank of America
Asif Sherani, HSBC
Yumiao Yang, BarclaysMost Impressive SSA Bond Origination BankerWinner: Massimo Antonelli, BMO Capital Markets
Dorothée Amar, Goldman Sachs
Amélie Darrort, JP Morgan
Francois Planque, Bank of America
Ebba Wexler, CitiRising Star SSA Bond BankerWinner: Lukas Lippenmeyer, Deutsche Bank
Winner: Alexander Malitsky, TD Securities
Philippa Cole, NatWest
Lucrezia Leone, Goldman Sachs
Eoin O'Connor, TD SecuritiesMost Impressive ESG Investment BankerWinner: Myriam Zapata, BNP Paribas
Laurent Adoult, Crédit Agricole
David Marques Pereira, DZ BANK
Anjuli Pandit, HSBC
Sachin Shah, ING -
Best Technology Platform for the SSA Primary Bond MarketWinner: Origin Markets
Agora
NowCMMost Influential Investor in SSA BondsWinner: BlackRock
PIMCO
SAFE
WellingtonBest Rating Agency for SSA BondsWinner: Moody's Ratings
Fitch Ratings
S&P GlobalBest Law Firm for SSA BondsWinner: Clifford Chance
A&O Shearman
LinklatersBest Second Party Opinion Provider for SSA ESG BondsWinner: Sustainalytics
ISS-Corporate/ISS ESG
S&P/Cicero
FIG
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Most Impressive Financial Institution BorrowerWinner: Santander
BPCE
Crédit Agricole
Intesa Sanpaolo
Société GénéraleMost Innovative Financial Institution BorrowerWinner: Société Générale
BPCE
Crédit Agricole
Nordea
SantanderMost Impressive Financial Institution Issuer of CapitalWinner: Santander
BBVA
ING
Société Générale
UBSMost Impressive Financial Institution Issuer of Senior Unsecured DebtWinner: Santander
BPCE
RabobankMost Impressive Debut/Returning Financial Institution Unsecured IssuerWinner: LBBW
Montepio
Novo BancoMost Impressive FIG Issuer at Using New Bond Market TechnologyWinner: Société Générale
no shortlistMost Impressive Financial Institution Issuer at Using Liability ManagementWinner: Société Générale
CaixaBank
Intesa SanpaoloMost Impressive Financial Institution ESG Bond IssuerWinner: BPCE
AIB Group
Berlin Hyp
Crédit Agricole
NordeaMost Impressive Financial Institution MTN IssuerWinner: BPCE
Banque Fédérative du Crédit Mutuel
BNP Paribas -
Most Impressive Financial Institution Funding OfficialWinner: Silvana Borgatti Casale, Banco Santander
Aurelien Harff, Crédit Agricole
Arnaud Mezrahi, Société GénéraleRising Star Financial Institution Funding OfficialWinner: Marta Gonzalez Deprit, Banco Santander
Romain Dormois, Crédit Agricole
Marie-Anne Toulouse, Société Générale -
Most Impressive Bank for Financial Institution BondsWinner: Morgan Stanley
Citigroup
HSBCEmerging Force in Financial Institution BondsWinner: Santander
BBVA
Erste GroupMost Impressive Syndicate Team for Financial Institution BondsWinner: Morgan Stanley
Bank of America
BNP Paribas
Goldman Sachs
HSBCMost Impressive Bank for Financial Institution Capital and Regulatory AdviceWinner: UBS
BNP Paribas
HSBC
JP Morgan
Morgan StanleyMost Impressive Bank for Senior Unsecured Financial Institution BondsWinner: BNP Paribas
Bank of America
Deutsche Bank
Morgan Stanley
NatixisMost Impressive Bank for Insurance DebtWinner: HSBC
Barclays
BNP ParibasMost Impressive Investment Bank for Financial Institution ESG Capital MarketsWinner: ING
Crédit Agricole
Deutsche Bank
HSBCMost Impressive Bank for Liability Management for Financial InstitutionsWinner: JP Morgan
Barclays
Citigroup
Goldman Sachs
HSBCMost Impressive FIG House in EurosWinner: BNP Paribas
Barclays
Deutsche Bank
Natixis
UBSMost Impressive FIG House in DollarsWinner: JP Morgan
Bank of America
Citigroup
Goldman Sachs
Morgan StanleyMost Impressive FIG House in SterlingWinner: Barclays
HSBC
Natwest MarketsMost Impressive FIG House in Swiss francsWinner: UBS
Commerzbank
Deutsche BankMost Impressive FIG House in Non-Core CurrenciesWinner: Nomura
HSBC
MizuhoMost Impressive MTN Dealer for Financial InstitutionsWinner: Crédit Agricole
Citigroup
MizuhoMost Impressive Bank in Using New Technology for FIG Primary Bond MarketsWinner: HSBC
Santander
Société Générale
UBSBest Secondary Trading House for FIG BondsWinner: JP Morgan
Bank of America
Citigroup
Santander -
Most Impressive FIG Syndicate BankerWinner: Matteo Benedetto, Morgan Stanley
Edward Markham, Goldman Sachs
Dharit Patel, Bank of AmericaRising Star FIG Bond BankerWinner: Anthony Patureau, ING
Henrietta Gould, Morgan Stanley
Julia Münch, Barclays
Antonio Vilela, BarclaysMost Impressive ESG FIG Investment BankerWinner: Carla La Tona, Deutsche Bank
Laurent Adoult, Crédit Agricole
Caroline Haas, Natwest
James Riley, ING -
Most Influential Investor in Financial Institution BondsWinner: BlackRock
Algebris
Amundi
Pimco
Wellington ManagementBest Technology Platform for the FIG Primary Bond MarketWinner: Origin Markets
No shortlistBest Rating Agency for Financial Institution BondsWinner: Moody's Ratings
Fitch Ratings
S&P GlobalBest Law Firm for Financial Institution BondsWinner: Linklaters
A&O Shearman
Clifford ChanceBest Second Party Opinion Provider for FIG ESG BondsWinner: ISS-Corporate
Moody's
Sustainalytics
Corporates
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Most Impressive Corporate BorrowerWinner: EDF
BP
Engie
Nestlé
SiemensMost Impressive Non-European Corporate Borrower in European CurrenciesWinner: Booking Holdings
Ford
McDonald'sMost Impressive Corporate Yankee Bond IssuerWinner: EDF
BAE Systems
British American Tobacco
Roche
VolkswagenMost Impressive Corporate Borrower in SterlingWinner: Vonovia
BT
General Motors
Kering
National Grid
NestléMost Impressive Corporate Borrower in Swiss FrancsWinner: Thermo Fisher Scientific
ABB
Fresenius
NestléMost Impressive Corporate Funding TeamWinner: National Grid
Enel
Nestlé
SiemensMost Impressive Corporate Hybrid Capital IssuerWinner: EDF
BT
Orange
VolkswagenMost Impressive Corporate Issuer at Using New Bond Market TechnologyWinner: Volvo
Ørsted
SiemensBest Corporate Issuer at Using Liability ManagementWinner: Vonovia
British American Tobacco
Telefonica
Unibail-Rodamco-WestfieldMost Impressive Debut Corporate Bond IssuerWinner: Assa Abloy
Winner: Porsche Holding SE
Rewe
SartoriusMost Impressive Corporate Green, Social or Sustainable Bond IssuerWinner: EDF
Engie
Statkraft
VolkswagenMost Impressive Sustainability-Linked Bond IssuerWinner: Enel
Ahold Delhaize
Enel
Ferrovial
HeathrowMost Impressive Corporate MTN IssuerWinner: Toyota
Severn Trent
Volvo -
Most Impressive Corporate Funding OfficialWinner: Claudio Menghi, Nestlé
Andrew Binnie, BT
Bernard Descreux, EDF
Kwok Liu, National Grid -
Most Impressive Bank for Corporate BondsWinner: BNP Paribas
Bank of America
BarclaysEmerging Force in Corporate BondsWinner: Mizuho
Crédit Agricole
INGMost Impressive Bank in Using New Technology for Corporate Primary Bond MarketsWinner: HSBC
Bank of America
Citi
JP Morgan
Société GénéraleMost Impressive Corporate Bond House in EurosWinner: Société Générale
Bank of America
BNP ParibasMost Impressive Corporate Bond House in DollarsWinner: JP Morgan
Bank of America
CitigroupMost Impressive Corporate Bond House in SterlingWinner: Barclays
Goldman Sachs
HSBCMost Impressive Corporate Bond House in Non core currenciesWinner: BNP Paribas
Bank of America
HSBC
SEB
Standard CharteredMost Impressive Syndicate Team for Corporate BondsWinner: Barclays
Bank of America
BNP Paribas
JP MorganMost Impressive Bank for Corporate Hybrid CapitalWinner: Citigroup
Barclays
BNP Paribas
Goldman Sachs
HSBC
JP MorganMost Impressive Bank for Corporate Capital Structure AdviceWinner: BNP Paribas
Bank of America
Barclays
Citigroup
Goldman SachsMost Impressive Bank for Corporate Ratings AdviceWinner: JP Morgan
BNP Paribas
Société GénéraleMost Impressive Bank for Corporate Liability ManagementWinner: Deutsche Bank
BNP Paribas
JP MorganMost Impressive Investment Bank for Corporate ESG Capital Markets and AdviceWinner: Société Générale
BNP Paribas
Crédit Agricole
HSBC
INGMost Impressive Bank for Corporate Swaps and Other DerivativesWinner: BNP Paribas
Bank of America
JP Morgan
Wells FargoMost Impressive Corporate MTN DealerWinner: NatWest Markets
Barclays
Crédit Agricole
JP Morgan
Société Générale -
Most Impressive Corporate Bond Syndicate BankerWinner: Angus Reynolds, Bank of America
James Cunniffe, HSBC
Janusz Nelson, Citigroup
Jodie Snow, BNP ParibasMost Impressive Corporate Bond Origination BankerWinner: Nathalie Bitan, HSBC
Guy Bottrill, Société Générale
Christian Monegard, CitigroupMost Impressive ESG Investment BankerWinner: Anjuli Pandit, HSBC
Hans Biemans, ING
Eloise Boutin, Crédit Agricole
Emilie Siebenborn, BNP Paribas -
Most Influential Investor in Senior Corporate BondsWinner: BlackRock
APG
Wellington ManagementMost Influential Investor in Hybrid Corporate BondsWinner: BlackRock
APG
Neuberger BermanBest Debt Advisory Firm for CompaniesWinner: Rothschild
Ernst & Young
EvercoreBest Second Party Opinion Provider for Corporate ESG BondsWinner: ISS-Corporate
Moody's
S&P Global
SustainalyticsBest Rating Agency for Corporate BondsWinner: S&P Global
Fitch Ratings
Moody's RatingsBest Law Firm for Corporate BondsWinner: Linklaters
A&O Shearman
Clifford ChanceBest Technology Platform for the Corporate Primary Bond MarketWinner: Origin Markets
Bots
Ipreo
Emerging Markets
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Overall Most Impressive Emerging Markets IssuerWinner: Republic of Turkey
Hungary
Public Investment FundMost Impressive Issuer in Central and Eastern EuropeWinner: Hungary
Republic of Poland
Republic of RomaniaMost Impressive Issuer in the Middle East and AfricaWinner: Public Investment Fund
Mubadala/Mamoura
Kingdom of Saudi ArabiaMost Impressive ESG Bond Issuer in CEEMEAWinner: Hungary
Masdar
MVM
Republic of Turkey -
Most Impressive Funding Official in Central and Eastern EuropeWinner: Zoltan Kurali, Hungary
Karol Czarnecki, Republic of Poland
Stefan Nanu, Republic of Romania
Altug Ulker, AkbankMost Impressive Funding Official in the Middle East and AfricaWinner: Rula AlQadi, First Abu Dhabi Bank
Ahmed AlRobayan, Public Investment Fund
Abdulla Mubarak Abdulla Al Darmaki, Mubadala -
Most Impressive Bank for CEEMEA BondsWinner: JP Morgan
BNP Paribas
Citi
Erste Group
Standard CharteredMost Impressive Bank for Central and Eastern European BondsWinner: JP Morgan
BNP Paribas
Citi
HSBC
Standard CharteredMost Impressive Bank for Middle Eastern and African BondsWinner: Standard Chartered
BNP Paribas
Citi
HSBC
JP MorganMost Impressive Local Bank for Middle Eastern BondsWinner: Emirates NBD
Abu Dhabi Commercial Bank
First Abu Dhabi Bank
Mashreqbank
Saudi National BankMost Impressive Bank for ESG Capital Markets in CEEMEAWinner: BNP Paribas
Citi
ING
JP Morgan
Standard Chartered -
Most Impressive CEEMEA Bond Syndicate BankerWinner: Alex Karolev, JP Morgan
Matt Doherty, BNP Paribas
Neil Slee, Goldman SachsMost Impressive CEEMEA Bond Origination BankerWinner: Stefan Weiler, JP Morgan
Borys Matiash, BNP Paribas
Alexis Taffin de Tilques, BNP Paribas
Boris Vladislavlev, JP MorganRising Star Emerging Markets Bond BankerWinner: Nicolas Enders, JP Morgan
Carmen Bereincua, Citi
Juris Kuprijanovs, BNP Paribas -
Most Influential Investor in Emerging Market BondsWinner: BlackRock
Pimco
Wellington ManagementBest Secondary Market Trading Platform for Emerging Market BondsWinner: MarketAxess
Bloomberg
MTS MarketsBest Rating Agency for Emerging Market BondsWinner: Fitch Ratings
Moody’s Ratings
S&P GlobalBest Law Firm for Emerging Market BondsWinner: Linklaters
A&O Shearman
White & CaseBest Second Party Opinion Provider for Emerging Market ESG BondsWinner: ISS-Corporate
S&P Shades of Green
Sustainalytics
If you have any queries about the Awards, please contact Sophie Astles
For information on commercial opportunities related to the Bond Awards, please contact Jack Thomson