Organisations from across the the covered bond market came together in Porto on September 12 to celebrate their successes over the preceding year at GlobalCapital’s annual awards dinner.
The GlobalCapital Covered Bond Awards celebrate the most notable market achievements in the period between August 1, 2023 and May 31, 2024.
Over the last year, the covered bond market has shown its strength and resilience in the face of new and returning challenges. Throughout the turbulence, covered bonds have remained a reliable and ever-present source of funding for new and well-established issuers.
The atmosphere was upbeat as attendees from all corners of the market came together in sunny Porto to enjoy each other’s company, share in the ups and downs of the previous year, and congratulate the winning deals, issuers, banks, service providers and individuals.
Uniquely, the nominees and winners of the GlobalCapital Covered Bond Awards are decided by the industry itself, through a survey that took place in May and June. This means that the winners reflect those that are considered by their clients and counterparts to be the very best.
The exceptions to the polled categories are the Lifetime Achievement award, and the Editor's Choice award, which are selected by the GlobalCapital editorial team.
Wojtek Niebrzydowski, vice-president, treasury at CIBC Capital, won this year's Lifetime Achievement Award. He came highly recommended by colleagues and counterparts from across the market. Under his watch, CIBC has played a key role in reopening markets during periods of crisis, as well as establishing a strong and regular presence in US and Australian dollars, Swiss francs and sterling.
BMO Capital Markets was awarded this year's Editor's Choice, in recognition of its significant growth over the past year. Having expanded its covered bond franchise across markets, the bank stood out for its strong, emerging presence in dollars and sterling in particular.
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
Wojtek Niebrzydowski — CIBC Capital Markets
Editor's Choice
BMO Capital Markets
- 
            
    Deal of the YearWinner: Toronto Dominion €2bn February 2027 floater, €2.5bn 3.191% February 2029 and €1bn 3.247% February 2034
 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 2036Best Pioneering Deal(This Award is for using diverse or new funding products and techniques, structures, call schedules, investor relations work, ESG activities, etc)
 Winner: Novo Banco €500m 3.25% March 2027
 Hamburg Commercial Bank €500m 3.625% January 2026 ship
 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 digitalBest ESG DealWinner: BPCE €1.5bn 3.125% May 2034 green
 Bausparkasse Schwaebisch Hall €500m 2.875% January 2029 green
 Berlin Hyp €500m 2.75% February 2027 green
 Equitable Bank €500m 3.5% May 2027 social
 Korea Housing Finance Corporation €500m 3.124% March 2029 socialBest Debut or Returning DealWinner: UBS Switzerland €1bn 3.304% March 2029
 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 2029Best Swiss franc DealWinner: UBS Switzerland Sfr350m 1.82% October 2026 and Sfr470m 2.035% October 2033
 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 2028Best Sterling DealWinner: Barclays £500m March 2029
 ANZ £1bn December 2026
 DBS Bank £1bn May 2027
 NatWest Bank £750m March 2029
 Nationwide Building Society £750m October 2030Best Dollar DealWinner: LBBW $600m 4.875% February 2028
 Commonwealth Bank of Australia $1.75bn 5.071% September 2028
 Deutsche Pfandbriefbank $550m 5.25% December 2026
 Nationwide Building Society $1.5bn 5.264% November 2026
 RBC $2bn 4.851% December 2026Best Euro DealWinner: Toronto Dominion €2bn February 2027 floater, €2.5bn 3.191% February 2029 and €1bn 3.247% February 2034
 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
 Rabobank €1bn 3.202% May 2036
- 
            
    Issuer of the YearWinner: BPCE
 Caffil
 Crédit Agricole
 Nationwide Building Society
 Toronto DominionBest ESG IssuerWinner: Berlin Hyp
 BPCE
 Caffil
 Equitable
 Korea Housing Finance CorporationBest Eurozone IssuerWinner: BPCE
 Caffil
 CRH
 LBBW
 RabobankBest non-Eurozone IssuerWinner: Toronto Dominion
 Fédération des caisses Desjardins du Québec (CCDJ)
 DBS Bank
 Nationwide Building Society
 Santander UK
- 
            
    Covered Bond House of the YearWinner: LBBW
 Crédit Agricole
 ING
 Natixis
 UniCreditBest Euro Lead ManagerWinner: LBBW
 Commerzbank
 Crédit Agricole
 Natixis
 UniCreditBest Dollar Lead ManagerWinner: RBC Capital Markets
 BMO Capital Markets
 TD SecuritiesBest Sterling Lead ManagerWinner: Barclays
 BMO Capital Markets
 HSBC
 Lloyds
 NatWest MarketsBest Syndicate BankWinner: Erste Group
 BNP Paribas
 Crédit Agricole
 Natixis
 UniCreditBest Covered Bond ResearchWinner: Crédit Agricole CIB
 Barclays
 CommerzbankBest Liquidity ProviderWinner: JP Morgan
 ING
 SantanderBest Bank for DistributionWinner: Erste Group
 Barclays
 DZ Bank
 Helaba
 LBBWBest Bank for Structuring & ALMWinner: Barclays
 BNP Paribas
 HSBC
 NatWest Markets
 UBSBest Bank for Using Technology in Primary Bond MarketsWinner: BNP Paribas
 Société Générale
 UBSBest Bank for ESG IssuersWinner: Crédit Agricole
 HSBC
 ING
 Natixis
 NatWest MarketsBest Bank for Inaugural IssuersWinner: Barclays
 BNP Paribas
 Erste
 Helaba
 LBBW
- 
            
    Investor of the YearWinner: Commerzbank Treasury
 BNY Mellon Corporate Treasury
 Nordea IM
 Norges
 Union InvestBest Rating AgencyWinner: Moody’s Ratings
 Fitch Ratings
 S&P GlobalBest Second Party Opinion ProviderWinner: Sustainalytics
 ISS ESGBest Law FirmWinner: Clifford Chance
 A&O Shearman
 Linklaters
 White & CaseBest Electronic Trading Platform for Covered BondsWinner: Bloomberg
 MarketAxess
 TradewebBest Corporate Trust ProvidersWinner: BNP Paribas Securities Services
 Deutsche Bank Trust and Agency Service
 HSBC Issuer Services
 BNY Mellon Corporate Trustee Services Limited
- 
            
    Best Syndicate BankerWinner: Mladen Djurdjevic, Erste Group
 Vincent Hoarau, Crédit Agricole
 Ken Loesken, ING
 Damian Saunders, BNP Paribas
 Alex Trulli, Natixis
 Alberto Villa, UniCreditBest Funding OfficialWinner: Cedric Perrier, BPCE
 Cameron Joynt, Toronto Dominion
 Petra Mellor, Nordea
 Marc Nocart, CRH
 Thor Tellefsen, DNBCovered Bonds Rising Star(for any participant in the covered bond markets with less than 10 years’ experience)
 Winner: Maxim Börsig, Erste Group
 Winner: Florian Gritzky, Erste Group
 Mathilde Lopez, Natixis
 Maria Kasatkina, Berlin Hyp
 Tara Parmar, Nationwide Building Society
 Anthony Patureau, ING
 Suraj Sheth, Barclays
If you have any queries about the Awards, please contact Sophie Astles.
For information on commercial opportunities related to the Covered Bond Awards, please contact Jack Thomson.
 
    
     
    
    
 
 
 
 
 
