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Polls and Awards

GlobalCapital Bond Awards 2020: the winners

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GlobalCapital is delighted to announce the winners of its Bond Awards 2020.

BOND AWARDS LIKE NO OTHER

GlobalCapital  has held its Bond Awards every year for the last 12 years but never like this. For the first time, we’re revealing the winners in a virtual ceremony in September rather than at our London awards dinner in May.
It is just one of the changes we have all had to get used to over the past six months — working remotely, often under difficult conditions; meeting by video; pitching, pricing and trading bonds without the physical infrastructure and personal touch that offices bring. 

But the primary debt capital markets’ response to the coronavirus crisis has been resilient and robust. Institutions all over the world from governments and multilateral development banks, to domestic lenders, to companies have raised vital financing to see them through this extraordinary period.

Central banks’ inflated quantitative easing programmes and relaxed capital regulations have helped them, while governments have created vast support programmes.  But the capital markets have answered the call for urgent help, facilitating fiscal spending and enabling QE programmes to keep the global economy from unthinkable consequences.

Many of you will know that we usually hold our Bond Awards in May every year, following a market poll that takes place in the first quarter. This year, we opened the poll in February as usual, but because of the coronavirus, we decided to delay things. It would been wrong to have the awards period culminate in March, just as a rare level of stress and huge uncertainty in capital markets was starting to peak.  

We therefore relaunched them to cover an extended period: March 2019 to June 2020. We invited the market to consider their peers’ performance over that whole duration. We also added a small number of awards to cover the extraordinary work brought about by the coronavirus, such as Best Bank for Funding Advice and Support During Covid-19 Pandemic.  

Apart from the additional categories, the relaunched poll was the same as the original one. Whether by luck or judgement, this was the right thing to do. By extending the voting period to the end of June, we captured the second quarter — a period of extraordinary turbulence and high volumes of issuance that will surely be seen as the salient part of the year — adding to the credibility and importance of this year’s awards.  

METHODOLOGY

GlobalCapital's Bond Awards are unique. They are the only awards that recognise achievement in all the main segments of the international bond markets through a poll of market participants. They truly reflect the opinion of the market. 

The awards thus perform a valuable function, enabling the market to reflect on what worked and what did not in the past year, celebrating the most impressive performers. 

The basis of the poll is that issuers vote for the best investment banks, while banks vote for issuers. Other market participants such as investors, law firms and rating agencies can also vote for and receive awards. 

The awards cover supranational, sovereign and agency; financial institution; investment grade corporate and emerging market bonds. 

The principles of the poll are that people cannot not vote for themselves or their own institutions (except in the Most Valuable Player Awards). People vote on firms that they interact with, not their own competitors (except in the Most Valuable Player Awards and the Emerging Market Bank Awards, where banks are invited to vote for each other). There is one vote per institution in each category. There is to be no collusion or favours.

LIFETIME ACHIEVEMENT AWARD

Frank Czichowski

Martin Egan

Most Impressive Bank for SSA Bonds

JP Morgan

2. Citigroup

3. HSBC

Most Impressive Bank for SSA Bonds

JP Morgan 2. Citigroup 3. HSBC

SSA INVESTMENT BANK AWARDS

Most Impressive Bank for SSA Bonds

JP Morgan

2. Citigroup

3. HSBC

 

Coming Force in SSA Bonds

BMO Capital Markets

2. Nomura

3. NatWest Markets

Best Bank for Funding Advice and Support to SSAs During Covid-19 Pandemic

Crédit Agricole

2. Citigroup

3. HSBC

Best Arranger of Covid-19 Bonds

Bank of America

2. Crédit Agricole

3=. Citigroup

3=. JP Morgan

Most Impressive SSA Coverage Team

JP Morgan

2. Citigroup

3=.  HSBC

3=. TD Securities


Most Impressive Syndicate Team for SSA Bonds

JP Morgan

2. HSBC

3. Bank of America

Most Impressive SSA House in Euros

BNP Paribas

2. JP Morgan

3. TD Securities

Most Impressive SSA House in Dollars

TD Securities

2. RBC Capital Markets

3. BMO Capital Markets

Most Impressive SSA House in Sterling

Barclays

2. NatWest Markets

3. RBC Capital Markets

Most Impressive SSA House in Non-Core Currencies

TD Securities

2. RBC Capital Markets

3. Danske Bank

Most Impressive SSA House for the Canadian Market

RBC Capital Markets

2. BMO Capital Markets

3. TD Securities

Most Impressive SSA House for the Japanese Market

Nomura

2. Daiwa Capital Markets

3. MUFG

Most Impressive MTN Dealer for SSAs

Citigroup

2. JP Morgan

3. Bank of America

Most Impressive SSA House for Post-Libor Solutions

TD Securities

2. RBC Capital Markets

3. BMO Capital Markets

SSA BANKER AWARDS

Most Impressive SSA Origination Banker

Ebba Wexler, Citigroup

2. Lee Cumbes, Barclays

3. François Planque, Bank of America


Most Impressive SSA Syndicate Banker

Keith Price, JP Morgan

2. Alex Barnes, Citigroup

3=. Lars Humble, Goldman Sachs

3=. Ben Adubi, Morgan Stanley

Rising Star SSA Bond Banker

Alexander Malitsky, TD Securities

2.Jake Webster, Morgan Stanley

3. Tina Nguyen, JP Morgan

SSA BORROWER AWARDS

Overall Most Impressive SSA Funding Team

European Investment Bank

2. KfW

3. World Bank

Most Innovative SSA Issuer

European Investment Bank

2. World Bank

3. L-Bank

Most Impressive SSA Issuer Funding Strategy During Covid-19 Pandemic

World Bank

2. Spain

3. Italy

Best Issuer of Covid-19 Bonds

African Development Bank

2. Nordic Investment Bank

3. Bpifrance

Most Impressive Sovereign Funding Team

Italy

2. UK

3. Spain

Most Impressive Supranational Funding Team in Euros

European Investment Bank

2. Council of Europe Development Bank

3. Nordic Investment Bank


Most Impressive Supranational Funding Team in Dollars

European Investment Bank

2. World Bank

3. ADB

Best Explicitly Guaranteed Agency Funding Team

KfW

2. OeKB

3. Rentenbank

Best Implicitly Guaranteed Agency Funding Team

BNG

2. Kommunalbanken

3. Agence Française de Développement

Most Impressive State, Regional or Municipal Funding Team

North Rhine-Westphalia

2. Quebec

3. Bavaria

Most Impressive SSA MTN Issuer

World Bank

2. International Finance Corp

3. European Bank for Reconstruction and Development

Most Impressive Issuer for Post-Libor Solutions

European Investment Bank

2. European Bank for Reconstruction and Development

3. World Bank


SSA FUNDING OFFICIAL AWARDS

Most Impressive Sovereign Funding Official

Davide Iacovoni, Italy

2. Pablo de Rámon-Laca, Spain

3. Martin Duffell, UK

Most Impressive Supranational Funding Official

Sandeep Dhawan, EIB

2. Andrea Dore, World Bank

3. Maria Lomotan, Asian Development Bank

Most Impressive Agency Funding Official

Bart van Dooren, BNG

2. Petra Wehlert, KfW

3. Otto Weyhausen-Brinkmann, KfW

OTHER SSA AWARDS

Most Influential Investor in SSA Bonds

Pimco

2. BlackRock

3. Standard Chartered Treasury

Best Law Firm for SSA BondsClifford Chance

2. Allen & Overy

3. Sullivan & Cromwell

Best SSA Bond Trading Platform

Tradeweb

2. Bloomberg

3. MTS

FINANCIAL INSTITUTION INVESTMENT BANK AWARDS

Most Impressive Bank for Financial Institutions Bonds

JP Morgan

2. Goldman Sachs

3. Morgan Stanley

Coming Force in Financial Institutions Bonds

Natixis

2. NatWest Markets

3. Barclays

Best Bank for Funding Advice and Support to Financial Institutions During Covid-19 Pandemic

BNP Paribas

2. Morgan Stanley

3. JP Morgan

Most Impressive Financial Institutions Coverage Team

JP Morgan

2. Goldman Sachs

3. Morgan Stanley

Most Impressive Syndicate Team for Financial Institutions

Goldman Sachs

2. HSBC

3. Morgan Stanley

Most Impressive Bank for Financial Institutions Capital

JP Morgan

2. Goldman Sachs

3. Morgan Stanley

Most Impressive Bank for Senior Unsecured Financial Institutions Debt

HSBC

2. NatWest Markets

3. Bank of America

Most Impressive Bank for Insurance Debt

HSBC

2. Credit Suisse

3. Crédit Agricole

Most Impressive Bank for Regulatory Advice for Financial Institutions

JP Morgan

2. HSBC

3. UBS

Most Impressive Bank for Liability Management for Financial Institutions

JP Morgan

2. Goldman Sachs

Most Impressive MTN Dealer for Financial Institutions

Barclays

2. Citigroup

Most Impressive FIG House in Euros

BNP Paribas

2. Deutsche Bank

3. JP Morgan

Most Impressive FIG House in Dollars

JP Morgan

2. Goldman Sachs

3. Bank of America

Most Impressive FIG House in Sterling

NatWest Markets

2. Barclays

3. HSBC

Most Impressive FIG House in Yen

Nomura

2. Daiwa Securities

3. Mizuho

Most Impressive FIG House in Niche Currencies

Nomura

2. Deutsche Bank

FINANCIAL INSTITUTION BANKER AWARDS

Most Impressive FIG Origination Banker

Amandine Gaujoux, HSBC

2. Howard Brocklehurst, Morgan Stanley

3. Chris Bond, BNP Paribas

Most Impressive FIG Syndicate Banker

Edward Markham, Goldman Sachs

2. Piers Ronan, Credit Suisse

3. Ade Ademakinwa, Deutsche Bank

Rising Star FIG Bond Banker

Kenji Kinoshita, JP Morgan

2=. Ali Nauman, Santander

2=. Thomas Lowe, Nomura

FINANCIAL INSTITUTION BORROWER AWARDS

Most Impressive Financial Institution Borrower

Rabobank

2. Santander

3. Commerzbank

Most Innovative Financial Institution Borrower

Nationwide Building Society

2. BBVA

3. Santander

Most Impressive Financial Institution Funding Strategy During Covid-19 Pandemic

SFIL

2. Lloyds Bank

3. BBVA

Most Impressive Financial Institution Issuer of Capital

UniCredit

2. ING

3. Rabobank

Most Impressive Financial Institution Issuer of Senior Unsecured Debt

Santander

2. Nordea

3. Rabobank

Most Impressive Debut or Return after Long Absence Financial Institution Issuer

Alpha Bank

2. Caisse de Refinancement de l’Habitat

Most Impressive Financial Institution MTN Issuer

Lloyds Bank

2. Rabobank

3. Santander

FINANCIAL INSTITUTION FUNDING OFFICIAL AWARDS

Most Impressive Financial Institution Funding Official

Ger Buls, Rabobank

2. Peter Green, Lloyds Bank

3. Franz Josef Kaufmann, Commerzbank

Rising Star Financial Institution Funding Official

Sietske De Bruine, ING

2. Jamie Adams, Santander UK

OTHER FINANCIAL INSTITUTION AWARDS

Most Influential Investor in Financial Institution Bonds

Pimco

2. BlackRock

3. BlueBay

Best Rating Agency for Financial Institution Bonds

S&P Global Ratings

2. Moody’s

3. Fitch

Best Law Firm for Financial Institution Bonds

Allen & Overy

2. Linklaters

3. Clifford Chance

CORPORATE BOND INVESTMENT BANK AWARDS

Most Impressive Bank for Corporate Bonds

BNP Paribas

2. Barclays

3. Bank of America

Coming Force in Corporate Bonds

UniCredit

2=. ING

2=. Mizuho

2=. SMBC

Best Bank for Corporate Bond Funding Advice and Support During Covid-19 Pandemic

BNP Paribas

2. Barclays

3. NatWest Markets


Most Impressive Corporate Bond House in Euros

BNP Paribas

2. Barclays

3. Société Générale

Most Impressive Corporate Bond House in Dollars

Bank of America

2. JP Morgan

3. Citigroup

Most Impressive Corporate Bond House in Sterling

Barclays

2. HSBC

3. NatWest Markets

Most Impressive Bank for Corporate Swaps and Other Derivatives

JP Morgan 2. BNP Paribas

3=. Barclays

3=. HSBC

3=. Société Générale

Bank Most Willing to Underwrite Corporate Bonds

Barclays

2. UniCredit

3=. Goldman Sachs

3=. Société Générale

Best Provider of Secondary Liquidity for Corporate Bonds

Deutsche Bank

2. HSBC

3. Danske Bank

Most Impressive Bank for Corporate Hybrid Capital

Bank of America

2=. Barclays

2=. NatWest Markets

Most Impressive Bank for Corporate Liability Management

Deutsche Bank

2. Citigroup

3. Bank of America

Most Impressive Corporate Coverage Team

Bank of America

2. Barclays

3=. BNP Paribas

3=. Deutsche Bank

3=. HSBC

Most Impressive Syndicate Team for Corporate Bonds

Bank of America

2. Barclays

3. BNP Paribas



CORPORATE BOND BANKER AWARDS

Most Impressive Corporate Bond Origination Banker

Dominic Kerr, HSBC

2. Alex Wheal, HSBC

3. Paula Weisshuber, Bank of America

Most Impressive Corporate Bond Syndicate Banker

Janusz Nelson, Citigroup

2=. Angus Reynolds, Bank of America

2=. Souhail Mahjour, HSBC

Rising Star Corporate Bond Banker

Alex Hardman, Barclays

CORPORATE BORROWER AWARDS

Most Impressive Corporate Borrower

BP

2. LVMH

3. Daimler

Most Impressive Corporate Funding Strategy During Covid-19 Pandemic

Airbus

2. BP

3. Aéroports de Paris

Most Impressive Non-European Corporate Borrower in European Currencies

Medtronic

2. AT&T

3. Danaher

Most Innovative Corporate Borrower

Enel

2. Snam

3. Orsted

Most Impressive Corporate Hybrid Capital Issuer

BP

2. Deutsche Bahn

3. Bayer

Most Impressive Debut Corporate Bond Issuer

Wintershall DEA

2. Firmenich

3=. Schaeffler AG

3=. Signify

Most Impressive Corporate MTN Issuer

BMW

2. Toyota

3=. Daimler

3=. National Grid

3=. Volvo

Most Impressive Corporate Funding Team

BP

2. Shell

3=. Daimler

3=. Telefónica

3=. Vodafone

CORPORATE FUNDING OFFICIAL AWARD

Most Impressive Corporate Funding Official

George Goeke, AT&T

2. Peter Zirwes, Daimler

3. Patrick Halpin, BP

OTHER CORPORATE BOND AWARDS

Best Debt Advisory Firm for Corporate Bonds

Rothschild

2. Newbridge Advisors

Most Influential Investor in Corporate Bonds

BlackRock

2. Pimco

3=. Amundi

3=. APG

3=. Legal & General

Best Rating Agency for Corporate Bonds

S&P Global Ratings

2. Moody’s

3. Fitch

Best Law Firm for Corporate Bonds

Linklaters

2=. Clifford Chance

2=. Allen & Overy

EMERGING MARKET INVESTMENT BANK AWARDS

Most Impressive Bank for African Bonds

BNP Paribas

2. Standard Chartered

3. JP Morgan

Most Impressive Bank for Middle Eastern Bonds

Standard Chartered

2. HSBC

3. JP Morgan

Most Impressive Bank for CEE Bonds

BNP Paribas

2. JP Morgan

3. Citigroup

Most Impressive Bank for Russian, CIS and former CIS Bonds

JP Morgan

2. VTB Capital

3. Citigroup

Most Impressive Bank for Latin American Bonds

Santander

2. Citigroup

3. JP Morgan

Best Bank for Emerging Market Bond Funding Advice and Support During Covid-19 Pandemic

Goldman Sachs

2. BNP Paribas

3. Natixis

Most Impressive Local Bank for CEE Bonds

PKO Bank Polski

2. Bank Pekao

3. Renaissance Capital

Most Impressive Local Bank for Middle Eastern Bonds

First Abu Dhabi Bank

2. Emirates NBD

3. Dubai Islamic Bank

Most Impressive Local Bank for African Bonds

Standard Bank

2. Absa

3=. First Rand

3=. Rand Merchant Bank

Most Impressive MTN Dealer for Emerging Markets

BNP Paribas

2=. JP Morgan

2=. Société Générale

3=. Standard Chartered

Best Bank for Sukuk for Issuers Outside Asia

Standard Chartered

2. HSBC

3. First Abu Dhabi Bank

Most Impressive Bank for Non-Dollar Bonds in Emerging Markets Outside Asia

BNP Paribas

2. Société Générale

3. First Abu Dhabi Bank

EMERGING MARKET BANKER AWARDS

Most Impressive Emerging Market Origination Banker

Borys Matiash, BNP Paribas

2. Kirill Kondrashin, JP Morgan

3. Ali Ahmad, Standard Chartered

Most Impressive Emerging Market Syndicate Banker

Alexander Karolev, BNP Paribas (to June 2020)

2. Nick Darrant, JP Morgan (to May 2020)

3. Hussain Zaidi, Standard Chartered

Rising Star Emerging Market Bond Banker

Mykola Kuzmenko, BNP Paribas

2. Boris Vladislavlev, JP Morgan

3. Talal Al Mudhaf, HSBC

EMERGING MARKET BORROWER AWARDS

Most Impressive Emerging Market Issuer

Saudi Arabia

2. State Transport Leasing Co

3. Israel

Most Impressive Emerging Market Issuer Funding Strategy During Covid-19 Pandemic

Abu Dhabi

2. Israel

3. First Abu Dhabi Bank

Most Impressive CEE Issuer

Hungary

2. Romania

3. EP Infrastructure

Most Impressive Russian, CIS and former CIS Issuer

State Transport Leasing Co

2. DTEK Renewables

3. Russia

Most Impressive Middle East Sovereign Issuer

Saudi Arabia

2. Qatar

3. Abu Dhabi

Most Impressive Middle East Bank Issuer

First Abu Dhabi Bank

2=. Emirates NBD

2=. Qatar National Bank

3. Riyad Bank

Most Impressive Middle East Corporate Issuer

Saudi Aramco

2. Majid Al Futtaim

3. DP World

Most Impressive African Issuer

Ghana

2. Morocco

3. Africa Finance Corp

Most Impressive Latin American Sovereign Issuer

Mexico

2=. Chile

2=. Paraguay

3. Brazil

Most Impressive Latin American Bank Issuer

Banorte

2. Banco Itaú

3. Bancolombia

Most Impressive Debut Issuer

DTEK Renewables

2. Saudi Aramco

3. Sovcombank

EMERGING MARKET FUNDING OFFICIAL AWARDS

Most Impressive CEE Funding Official

Zoltán Kurali, Hungary

2. Yuriy Butsa, Ukraine

3. Marjan Divjak, Slovenia

Most Impressive Middle East Funding Official

Rula AlQadi, First Abu Dhabi Bank

2. Fahad Al-Saif, Saudi Arabia

3. Eman Abdelazim, Egypt

Most Impressive African Funding Official

Abdelhakim Jouahri, Morocco

2. Charles Adu Boahen, Ghana

3. Banji Fehintola, Africa Finance Corp

OTHER EMERGING MARKET AWARDS

Best Rating Agency for Emerging Market Bonds

S&P Global Ratings

2. Fitch

3. Moody’s

Best Law Firm for Emerging Market Bonds

Linklaters

2. Clifford Chance

3. Allen & Overy

Best Emerging Market Bond Trading Platform

MarketAxess

2. Bloomberg

Most Valuable Player in Sustainable Capital Markets

Tanguy Claquin, Crédit Agricole

2. Farnam Bidgoli, HSBC

3. Orith Azoulay, Natixis