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A close call for this year’s covered bond awards

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By Bill Thornhill
03 Aug 2020

Just a few few votes separate the leading contenders in some of the categories in GlobalCapital’s Covered Bond Awards 2020 survey and, with the outcome uncertain, market participants that have not voted yet are encouraged to do so soon.

The closest competition is for Best Debut Deal, where there are only seven votes between the top four transactions. Two deals issued from core European banks are vying for Best Green/SRI deal but the leading margin is high. 

There are seven votes between the first and second highest placed nominees for Most Innovative Deal, neither of which are from core Europe. A UK and non-UK transaction are in the running for Best Sterling Deal but with a winning margin of 8%, a double digit increase in votes will be needed to change the outcome. 

Two bonds, including one Canadian deal, are also in the frame for Best Dollar Deal. Only five votes separate them.

Three transactions are vying for Best Euro Deal with a difference of only five percentage points between them, and those in Europe’s periphery featuring well. 

Two covered bonds are also fighting it out for Deal of the Year but the leading deal is winning by 18 votes which could be tough to beat. 

Two banks are in the frame to be Best Euro Issuer and Issuer of the Year. There are only five votes between the top two banks that have historically always done well in the award for Best Structuring and ALM advisor.  

With just five percentage points between them, two lead managers are competing for Best Dollar Lead Manager, whereas less than three percentage points split the first and second placed houses in the running for Best Sterling Lead Manager.

With 14 votes between the first and second, a clear winner seems to be emerging for Best Syndicate Manager. Likewise, the winning lead is even greater for the Best Euro Lead Manager award.

Three banks are in contention for Covered Bond House of the Year.  

The poll closes on August 14 so, if you have not already voted than please click through to the survey here. It takes less than five minutes.

Or copy and paste the following link into your browser:

https://surveys.globalcapital.com/s3/The-Covered-Bond-Awards-2020


By Bill Thornhill
03 Aug 2020