NatWest Markets

The GlobalCapital editorial team has picked what it believes to be the standout bond issues of 2015 across the financial institutions, public sector, emerging markets and corporate bond markets. We selected the trades that we think will be remembered for their success in challenging conditions, for making the best use of the demand available to them, or for having made a longer lasting impact, such as the re-opening of a market. The FIG Deals of the Year 2015 winners are presented here.

The GlobalCapital editorial team has picked what it believes to be the standout bond issues of 2015 across the corporate, public sector, financial institution and emerging market bond markets. Below are the Corporate Deals of the Year 2015. We selected the trades that we think will be remembered for their success in challenging conditions, for making the best use of the demand available to them, or for having made a longer lasting impact, such as the re-opening of a market. The winners are presented here.

After an eventful year for European corporate bonds, HSBC has ousted BNP Paribas as top bookrunner for European issuers, though BNPP stays top for all corporate issues in euros.

Extraordinarily low volumes of new bonds this year meant that 2015 rivalled the financial crisis of 2008-2009 for the pace of high profile CEEMEA staffing changes on syndicate and DCM. Where are they all now?

Aegean Oil Terminal Corp, a Greek oil rig construction firm, has signed a $120m loan with four Gulf banks.

Royal Bank of Scotland is moving forward with its plans to divest its Williams & Glyn branch network, but it is as yet unclear whether the sale will be done as an IPO or a straight sale.

With plenty of cash to deploy following a large number of redemptions, sterling investors piled into what looks likely to be KfW’s last sterling offering of the year on Tuesday.

Royal Bank of Scotland has put Anne Gebuhrer and Tim Skeet, both managing directors in FIG DCM, at risk of redundancy, adding their names to a list of FIG and corporate bankers the UK bank has recently let go.

American Honda Finance visited the sterling bond market for a £250m seven year deal on Monday, in the same week that Total and Daimler also raised short dated sterling bonds.

David Lloyd Leisure, the TDR Capital-owned UK gym and spa firm, and Cooper, the French pharmaceuticals distributor, widened loan pricing this week as the leveraged market became increasingly selective.

Intesa Sanpaolo issued a €1.25bn 10 year covered bond on Wednesday, a transaction that did not initially seem to be an obvious trade, but which in the end proved very successful.

Royal Bank of Scotland has put Anne Gebuhrer, another managing director in its FIG DCM team, at risk of redundancy.