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GlobalCapital Covered Bond Awards 2019: the winners

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By Bill Thornhill
13 Sep 2019

Congratulations to the winners of GlobalCapital's Covered Bond Awards 2019.

GlobalCapital’s Covered Bond Awards 2019 took place this year in at the BMW Welt on Thursday September 12. The awards reflected a poll in which almost 500 people fully completing the survey including the some of largest investors, most frequent issuers and the lead manager community. 

In recognition of its 250th anniversary the Editor’s Choice was awarded to the Pfandbrief market. Many key issuers, market makers, as well as the Association of German Pfandbrief Banks (VDP) came up on to the stage to accept this award.  LBBW squarely won the award for Best Euro Lead Manager with issuers, lead managers and investors voting for the bank. Covered Bond House of the Year went to HSBC, thanks to a strong endorsement from issuers and lead managers.

Amid stiff competition from UniCredit and Credit Agricole, UBS walked away with the prize for Best Syndicate Manager. The Best Bank for Niche Currencies was won by Toronto Dominion, which also won best dollar deal. DZ Bank narrowly won the award for Best Bank for Distribution, just pipping BNP Paribas to the post. Among the deal awards, SMBC walked away with Best Debut Deal, after issuing the first covered bond from Japan and hopefully one of many to come.  

See here for a breakdown of how investors, issuers and lead managers voted in the covered bond awards survey 2019.




Most Innovative Deal

Societe Generale OFH Blockchain tokens

Best Green / SRI Deal                                                         

LBBW $750m 2.375% May 2022 green

Best Debut Deal                                                                   

SMBC €1bn 0.5% November 2023

Best Sterling Deal                                                                

Lloyds £750m Sonia-linked September 2021

Best Dollar Deal                                                                  

Toronto Dominion $2bn 3.35% October 2021

Best Euro Deal                                                                     

Rabobank €2bn 0.875% February 2029

Best Deal of the Year                                                        

Rabobank €2bn 0.875% February 2029

Best Euro Issuer                                                                  

Credit Agricole

Issuer of the Year                                                               

Lloyds Bank

Best research                                                                 

Crédit Agricole

Best liquidity provider                                                        

Santander

Best Structuring and ALM adviser                                   

Barclays

Best Bank for Distribution                                                 

DZ Bank

Best Bank for Niche Currencies                                        

Toronto Dominion

Best Syndicate Manager                                                    

UBS

Best Euro Lead Manager                                                    

LBBW

Covered Bond House of the Year                                    

HSBC

Editor’s choice                                                                

250 year of Pfandbrief


Pictures to follow.

By Bill Thornhill
13 Sep 2019