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The global MTN market gathered last night at London’s Jumeirah Hotel to celebrate the leading institutions, deals and individuals shaping the industry.
More than 100 market participants attended the awards ceremony, coming together to recognise excellence across the sector and to honour this year’s standout achievements.
The inaugural GlobalCapital MTN Awards 2026 are distinctive in that the majority of winners were determined by a market-wide vote.
The poll, conducted in October and November, invited issuers, intermediaries and investors to make their voices heard. As a result, the awards are truly reflective of the market they represent — recognising those who have earned the respect and support of their peers.
The exception to the polled awards was the MTN 10: Deals of the Year. These awards highlight the most impressive and impactful MTN transactions executed over the past year.
The selected deals were the best in a competitive pitching process, also held during October and November, with submissions presented to the GlobalCapital editorial and awards team. The quality of pitches was exceptionally high, featuring innovative structures, complex execution and landmark transactions, making the final selection no easy task.
You can view the full shortlist across all categories here.
Crédit Agricole CIB was named MTN Bank of the Year, taking home the house award of the evening, while Deutsche Bank secured the title of Europe MTN Bank of the Year.
In addition to the top honour, Crédit Agricole CIB delivered an impressive hat-trick of wins, also being recognised as Most Innovative Bank of the Year, Best Bank for Introducing New Investors and Best Bank for ESG-linked MTNs — underlining the breadth of its platform and influence across the market.
Citi, JP Morgan and Standard Chartered also took home multiple awards on the night (full list below).
On the issuer side, Asian Development Bank was awarded both Supranational Issuer of the Year and Asia-Pacific Issuer of the Year, reflecting its continued strength and consistency in the market.
National Bank of Canada also claimed two titles, winning FIG MTN Issuer of the Year and FIG Senior Issuer of the Year.
Among the individual honours, Toby Croasdell of Crédit Agricole CIB received the award for Outstanding Contribution to the MTN Market, reflecting the market’s recognition of his significant and lasting impact.
Oliver Greer of Standard Chartered Bank was named Best MTN Banker, while Alexander Ruf of Nordic Investment Bank was awarded Best Funding Official — all accolades determined by market vote.
Congratulations to all our winners and nominees, and huge thanks to all those who took the time to pitch and vote in the poll. The full list of winners and nominees is below. Click here to download a PDF of the winners.
THE WINNERS:
MTN 10: Deals of the Year
(Presented in alphabetical order by Issuer)
Issuer | Deal | Arranger(s) |
Assistance publique–hôpitaux de Paris | €25m 4.2% July 2060 | NatWest Markets |
AT&T | €2.25bn September 2027 FRN | Deutsche Bank and Société Générale |
Fonplata | $50m March 2030 FRN & $100m May 2030 FRN | Daiwa Capital Markets |
KfW | Rmb750m 2.15% April 2030 green | Bank of America |
Kingdom of Belgium | $300m 4.5% August 2035 | Citi |
Korea Hydro and Nuclear Power | HK$1.166bn February 2028 green nuclear bond | Crédit Agricole CIB |
Nestlé | $100m 4.334% March 2030 | Daiwa Capital Markets |
Republic of Italy | €700m 10-year October 2035 collared FRN | BNP Paribas |
Severn Trent | Nkr1.35bn 5.297% August 2034 | NatWest Markets |
The Toronto-Dominion Bank | ¥20bn 1.601% October 2034 and ¥14bn 2.058% September 2035 | Nomura and TD |
Polled Awards
-
Trustee Agent of the YearWinner: Citi
Citi Deutsche Bank HSBC Fintech Provider of the YearWinner: Origin MarketsOrigin Simcorp Spire Best Law Firm for Corporate IssuersWinner: Clifford ChanceA&O Shearman Clifford Chance Greenberg Taurig Best Law Firm for SSA IssuersWinner: Clifford ChanceA&O Shearman Clifford Chance Linklaters Best Law Firm for FIG IssuersWinner: A&O ShearmanA&O Shearman Clifford Chance Linklaters Best Law Firm for CEEMEA IssuersWinner: A&O ShearmanA&O Shearman Clifford Chance Linklaters Law Firm of the YearWinner: Clifford ChanceA&O Shearman Clifford Chance Linklaters -
Breakthrough Issuer of the YearWinner: Fonplata
The Arab Energy Fund Fonplata OPEC Fund Agency Issuer of the YearWinner: KfW GroupAgence France Locale KfW Group Kommunalbanken CP Issuer of the YearWinner: L-BankCassa Depositi e Prestiti KfW Group L-Bank Best Issuer for ESG-linked MTNsWinner: International Fund for Agricultural DevelopmentCentral American Bank for Economic Integration International Bank for Reconstruction and Development International Fund for Agricultural Development Nordic Issuer of the YearWinner: Nordic Investment BankKommunalbanken Municipality Finance Nordic Investment Bank Corporate Issuer of the YearWinner: EDF EnergyEDF Energy Nutresa Toyota EM - CEE Issuer of the YearWinner: RomaniaRomania Turkiye Garanti Bankasi VakifBank EM - Middle East Issuer of the YearWinner: Qatar National BankThe Arab Energy Fund First Abu Dhabi Bank Qatar National Bank Covered Issuer of the YearWinner: CAFFIL
CAFFIL
LBBW
Munchener HypotekenbankFIG MTN Issuer of the YearWinner: National Bank of Canada
ANZ
Commonwealth Bank of Australia
National Bank of CanadaFIG Senior Issuer of the YearWinner: National Bank of Canada
ANZ
National Bank of Canada
Qatar National BankSub-soverign Issuer of the YearWinner: Brussels-Capital Region
Brussels-Capital Region
Land Hessen
Land NRWSupranational Issuer of the YearWinner: Asian Development Bank
Asian Development Bank
European Bank for Reconstruction and Development
International Bank for Reconstruction and DevelopmentAsia-Pacific Issuer of the YearWinner: Asian Development Bank
Asian Development Bank
Asian Infrastructure Investment Bank
AusgridSSA Issuer of the YearWinner: International Bank for Reconstruction and DevelopmentAsian Development Bank European Bank for Reconstruction and Development International Bank for Reconstruction and Development -
Rising Force: MTN Bank of the YearWinner: Santander
Goldman Sachs ING Santander Best Bank for Programme AdvisoryWinner: CitiBNP Paribas Citi Credit Agricole CIB CP Bank of the YearWinner: INGBRED Credit Agricole CIB ING Best Bank for CDsWinner: Standard Chartered Bank
BRED
Credit Agricole CIB
Standard Chartered BankMost Innovative Bank of the YearWinner: Credit Agricole CIB
Citi
Credit Agricole CIB
JP MorganBest Bank for Introducing New InvestorsWinner: Credit Agricole CIB
BNP Paribas
Credit Agricole CIB
HSBCBest Bank for ESG-linked MTN'sWinner: Credit Agricole CIB
BNP Paribas
Credit Agricole CIB
Standard Chartered BankBest Bank for Inflation-linked MTNsWinner: BNP ParibasBNP Paribas Citi HSBC Third-party Swap Povider of the YearWinner: JP MorganCiti Credit Agricole CIB JP Morgan Callable Euro Bank of the YearWinner: Goldman SachsBarclays Credit Agricole CIB Goldman Sachs Best Bank for CMS linked MTNsWinner: Goldman SachsBarclays Citi Goldman Sachs Callable Dollar Bank of the YearWinner: Bank of AmericaBank of America BNP Paribas Citi Niche Currencies Bank of the YearWinner: Citi
Citi
JP Morgan
NomuraFrontier Currencies Bank of the YearWinner: Citi
Citi
Credit Agricole CIB
Standard Chartered BankBest Bank for Corporate MTNsWinner: HSBC
Citi
HSBC
JP MorganBest Bank for FIG MTNsWinner: JP Morgan
Citi
JP Morgan
Standard Chartered BankBest Bank for SSA MTNsWinner: JP Morgan
Citi
JP Morgan
Standard Chartered BankMiddle East MTN Bank of the YearWinner: Standard Chartered Bank
Abu Dhabi Commercial Bank
Citi
Standard Chartered BankAsia MTN Bank of the YearWinner: Standard Chartered Bank
Credit Agricole CIB
Nomura
Standard Chartered BankEurope MTN Bank of the YearWinner: Deutsche Bank
BNP Paribas
Credit Agricole CIB
Deutsche BankMTN Bank of the YearWinner: Credit Agricole CIBCiti Credit Agricole CIB JP Morgan -
Best Funding OfficialWinner: Alexander Ruf, Nordic Investment Bank
Alexander Ruf, Nordic Investment Bank Mustafa Sari, KfW Pieter van Blommestein, Asian Development Bank Best MTN BankerWinner: Oliver Greer, Standard Chartered BankDavid Costa, Deutsche Bank Francesca Lester, JP Morgan Oliver Greer, Standard Chartered Bank Outstanding Contribution to the MTN MarketWinner: Toby Croasdell, Crédit AgricoleChris Hill, Daiwa David Costa, Deutsche Bank Michael Conle, LBBW Toby Croasdell, Crédit Agricole
To download a PDF of the winners, click here