GlobalCapital Covered Bond Awards 2022 celebrates us as “Best Sterling Lead Manager”

NatWest Markets has won in three categories at the coveted GlobalCapital Covered Bond Awards 2022, including being named “Best Sterling Lead Manager”. Investors, issuers and lead managers also selected two of our deals, one as the “Best Sterling Deal” and the other “Deal of the Year”.

26 Sep 2022 . 2 minutes

The Covered Bond award winners were chosen through a market poll, conducted in July and August of this year, and included issuances from August 2021 to July 2022. Using the votes from the poll, GlobalCapital’s editorial team then took their final decisions. The results therefore are a direct reflection of the opinion of the market.

Our win within the “Best Sterling Lead Manager” category reflects the strength of our Sterling capabilities - NatWest Markets tops the Sterling Covered Bond league table for 2022 with a market share of 16.35% - offering unique market insights, advice and best-in-class execution while providing issuers access to high-quality Sterling investors.

Société Générale’s Euro dual tranche 6-year €1.75 billion and 12-year €1.25 billion Covered bond from April this year, which we supported in the role of Joint Bookrunner, took the “Deal of the Year” award.

Santander UK’s £1.5 billion 4-year SONIA Covered Bond from March this year, which we also supported as Joint Bookrunner came top in the “Best Sterling Deal” category. The Index methodology was chosen for this transaction, contributing to the continuing market development for SONIA Covered Bonds.

Jacob Gilbert, Head of FI Syndicate, commented: “We’re thrilled to have won the highly prestigious Best Sterling Lead Manager award, and we thank all those who voted for us. Advising our institutional customers on their Covered Bonds is a team effort, and we are very proud that the close collaborations of all our teams pays off and helps deliver the best outcome for our customers.”

William Appleyard, Head of FI DCM – UK/Ire & Australia, said: “We would like to congratulate our customers, Société Générale and Santander UK, on winning Deal of the Year and Best Sterling Deal. We were delighted to support both issuers on their transactions, along with the other Covered Bond issuers we have supported in Dollars, Euros and Sterling over the past 12 months. In particular we are very proud to maintain our number 1 position in Sterling Covered Bonds.”

This article has been prepared for information purposes only, does not constitute an analysis of all potentially material issues and is subject to change at any time without prior notice. NatWest Markets does not undertake to update you of such changes. It is indicative only and is not binding. Other than as indicated, this article has been prepared on the basis of publicly available information believed to be reliable but no representation, warranty, undertaking or assurance of any kind, express or implied, is made as to the adequacy, accuracy, completeness or reasonableness of the information contained in this article, nor does NatWest Markets accept any obligation to any recipient to update or correct any information contained herein. Views expressed herein are not intended to be and should not be viewed as advice or as a personal recommendation. The views expressed herein may not be objective or independent of the interests of the authors or other NatWest Markets trading desks, who may be active participants in the markets, investments or strategies referred to in this article. NatWest Markets will not act and has not acted as your legal, tax, regulatory, accounting or investment adviser; nor does NatWest Markets owe any fiduciary duties to you in connection with this, and/or any related transaction and no reliance may be placed on NatWest Markets for investment advice or recommendations of any sort. You should make your own independent evaluation of the relevance and adequacy of the information contained in this article and any issues that are of concern to you.

This article does not constitute an offer to buy or sell, or a solicitation of an offer to buy or sell any investment, nor does it constitute an offer to provide any products or services that are capable of acceptance to form a contract. NatWest Markets and each of its respective affiliates accepts no liability whatsoever for any direct, indirect or consequential losses (in contract, tort or otherwise) arising from the use of this material or reliance on the information contained herein. However this shall not restrict, exclude or limit any duty or liability to any person under any applicable laws or regulations of any jurisdiction which may not be lawfully disclaimed.

NatWest Markets Plc. Incorporated and registered in Scotland No. 90312 with limited liability. Registered Office: 36 St Andrew Square, Edinburgh EH2 2YB. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. NatWest Markets N.V. is incorporated with limited liability in The Netherlands, authorised and supervised by De Nederlandsche Bank, the European Central Bank and the Autoriteit Financiële Markten. It has its seat at Amsterdam, The Netherlands, and is registered in the Commercial Register under number 33002587. Registered Office: Claude Debussylaan 94, Amsterdam, The Netherlands. NatWest Markets Plc is, in certain jurisdictions, an authorised agent of NatWest Markets N.V. and NatWest Markets N.V. is, in certain jurisdictions, an authorised agent of NatWest Markets Plc. NatWest Markets Securities Japan Limited [Kanto Financial Bureau (Kin-sho) No. 202] is authorised and regulated by the Japan Financial Services Agency. Securities business in the United States is conducted through NatWest Markets Securities Inc., a FINRA registered broker-dealer (http://www.finra.org), a SIPC member (www.sipc.org) and a wholly owned indirect subsidiary of NatWest Markets Plc.

GlobalCapital Covered Bond Awards 2022 celebrates us as “Best Sterling Lead Manager”

Related articles