Covered Bond Awards 2023: the shortlist
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Covered Bond Awards 2023: the shortlist

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The best banks, issuers, platform providers and deals of 2023 will be announced at a gala industry dinner in Munich on September 14

The GlobalCapital Covered Bond Awards celebrate the most notable market achievements in the period between August 2022 and July 2023.

Four new categories were added for 2023, recognising the Best Tech Provider, Best Bank for Digitalisation, Best Electronic Trading Platform and Best Trustee.

The shortlists were chosen through a market consultation, which took place in June. Market participants were invited to share their recommendations of the transactions, borrowers, investment banks and people that had stood out during the review period. Based on this feedback, shortlists were drawn up in each category. As ever, this was a competitive process and congratulations go to all of this year’s nominees.

These shortlists were opened to a market vote, which took place during July. Those active in the covered bond market were invited to have their say on the leading names in each category. Votes were received from over 360 covered bond professionals, including 90 issuers, 100 investors and 125 lead managers.

The winners of the awards will be announced at a gala dinner on September 14, following the Euromoney/ECBC Covered Bond conference in Munich. They will be available to view on the GlobalCapital website on September 15.


Deals

Best pioneering deal

Credit Suisse, €750m December 2025

Deutsche Kreditbank, €500m 3% January 2035 social

KEB Hana, €600m 3.75% May 2026 SME empowerment social   

Landsbankinn, €300m 4.25% March 2028

Santander, 3.25% €500m February 2028 Cédulas de internacionalización

UniCredit, €1.75bn 3.375% January 2027 & €1.25bn 3.5% July 2030

Best ESG deal

Berlin Hyp, €500m 3% May 2026 social & €500m 3% January 2033 green

Deutsche Kreditbank, €500m 3% January 2035 social  

Crédit Agricole, €1.25bn 3.25% June 2033 social

Caffil, €750m 3.125% November 2027 green

Caja Rural Navarra, €500m 3% April 2027 green

Stadshypotek, €1bn 3.125% April 2028 green 

Best debut deal

Credit Suisse, €750m December 2025

HSBC, £500m August 2027

Macquarie, €600m 2.574% September 2027

Santander €2.5bn 3.375% January 2026 & €1bn 3.375% January 2030

Santander, €500m 3.25% February 2028 export finance 

Slovenská sporiteľňa, €500m 3.5% March 2028

UniCredit €1.75bn 3.375% January 2027 & €1.25bn 3.5% July 2030

Best Swiss franc deal

CBA Sfr300m 1.94% June 2030

CCDJ Sfr325m 1.735% January 2028 (January 2023)

Credit Suisse Sfr500m 2.459% November 2024

KHFC Sfr160m 2.155% October 2025 and Sfr140m 2.465% October 2027

Nationwide Sfr315m 1.758% Jan 2026 and a SFr170m 2.013% Jan 2030

Best sterling deal

Bank of Nova Scotia £1.25bn September 2027

National Australia Bank £1.25bn June 2026

Nationwide £750m June 2028

Santander UK £1.5bn January 28

TSB £1bn February 2027

Best dollar deal

CCDJ $1bn 4.85% October 2025

CIBC $1.75bn 4.414% June 2028

National Australia Bank $1.65bn, 4.628% November 2027

Westpac $1.75bn 4.185% May 2028,

Best euro deal

Deutsche Bank €500m 3.125% October 2026 & €500m 3.125% May 2033

Deutsche Kreditbank €500m 3% January 2035 social

Santander €2.5bn 3.375% January 2026 & €1bn 3.375% January 2030

Toronto Dominion €3.5bn 3.879% March 2026 & €1.5bn 3.715% March 2030

UniCredit €1.75bn 3.375% January 2027 & €1.25bn 3.5% July 2030

Deal of the year

BNP Paribas €1.5bn 3% May 2028

ING €2bn 3% February 2033 & €2bn 3% February 2027

Santander €2.5bn 3.375% January 2026 & €1bn 3.375% January 2030

Toronto Dominion €3.5bn 3.879% March 2026 & €1.5bn 3.715% March 2030

UniCredit €1.75bn 3.375% January 2027 & €1.25bn 3.5% July 2030

Issuers

Best ESG Issuer

Berlin Hyp

Caffil

KHFC

Spabol

UniCredit

Best euro issuer

BPCE

ING

Santander

Toronto Dominion

UniCredit

Issuer of the year

Bank of Montreal

BPCE

Crédit Agricole

Santander

Toronto Dominion

Lead managers

Best bank for distribution

BayernLB

Danske Bank

Erste Group

Helaba

NordLB

Best bank for structuring & ALM

Barclays

BNP Paribas

HSBC

NatWest

Best bank for ESG issuers

ABN Amro

BNP Paribas

Crédit Agricole

ING

NatWest Markets

Best bank for inaugural issuers

Barclays

BNP Paribas

Erste Group

ING

UniCredit

Best syndicate bank

Deutsche Bank

DZ Bank

Erste Group

NatWest Markets

RBC Capital Markets

Société Générale

UniCredit

Best sterling lead manager

Barclays

Lloyds

NatWest Markets

Nomura

RBC Capital Markets

Best dollar lead manager

Citi

HSBC

Lloyds

RBC Capital Markets

TD Securities

Best euro lead manager

Commerzbank

Crédit Agricole

LBBW

Natixis

UniCredit

Covered bond house of the year

Barclays

Crédit Agricole

HSBC

LBBW

UniCredit

People

Best syndicate banker

Mladen Djurdjevic, Erste Groupe

Edouard Freton, Société Générale

Vincent Hoarau, Crédit Agricole

Ken Loesken, ING

Mark Pearce, HSBC

Anthony Tobin, RBC Capital Markets

Alex Trulli, Natixis

Alberto Villa, UniCredit

Platform service providers

Investor of the year

Commerzbank Treasury

Intesa Sanpaolo

KfW

Nordea IM

Norges

Rentenbank

Union Invest

Best ESG rating agency

Fitch

ISS ESG 

Moody’s

S&P Global Ratings

Sustainalytics

Best law firm

Allen & Overy

Clifford Chance

Linklaters

Mayer Brown

White & Case

Best tech provider

Econans

EIB Green eligibility Checker

Evitec

Harley & Dikkinson

Kestrix

Best bank for digitalisation

DZ Bank

Santander

Société Générale

Best electronic trading platforms

Interactive Brokers

MarketAxess

MTS BondVision

Tradeweb

Best corporate trust providers

BNP Paribas Securities Services

BNY Mellon Corporate Trustee Services Limited

Citi Issuer Services

Deutsche Bank Trust and Agency Services

HSBC Issuer Services

Perpetual Corporate Trust

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