We’re named GlobalCapital’s “Best Sterling Lead Manager” in Covered Bonds Awards 2023

NatWest Markets has won the coveted “Best Sterling Lead Manager” category for a second consecutive year in the GlobalCapital Covered Bond Awards 2023. Investors, issuers and lead managers also selected two of our deals as the “Best Sterling Deal of the Year” and the best “Dollar Deal of the Year”.

15 Sep 2023 . 2 min read

GlobalCapital’s Covered Bond Awards 2023 celebrate the top deals, banks and issuers for their achievements during the awards period August 2022 to July 2023. The recognitions are based on a market poll and are therefore a direct reflection of the opinion of the market.

The “Best Sterling Lead Manager” award reflects the continued strength of our Sterling capabilities – offering unique market insights, advice and best-in-class execution while providing issuers access to high-quality Sterling investors.

National Australia Bank’s 5-year $1.65 billion Covered Bond from November last year won “Best Dollar Deal of the Year”. The transaction, which we supported in the role of Joint Bookrunner, represented National Australia Bank’s first US Dollar Covered Bond since their $1.15 billion 5-year Covered Bond in November 2018.

Santander UK’s £1.5 billion 5-year SONIA [1] Covered Bond from January this year, which we also supported in the role of Joint Bookrunner, was Santander UK’s first covered bond since March 2022. The prior transaction, a £1.5 billion 4-year SONIA Covered Bond, had also topped the “Best Sterling Deal of the Year” category in GlobalCapital’s Covered Bonds Awards 2022.

Jacob Gilbert, Head of FI Syndicate, commented: “We’re excited to have won this prestigious industry accolade, and we’re thrilled for our customers, Santander and National Australia Bank, to have been recognised for their successful transactions. Thank you to everyone who voted for our customers and us. Advising our institutional customers on their Covered Bonds is a team effort, and we are very proud that the close collaboration of all our teams pays off and helps deliver the best outcome for our customers.”

William Appleyard, Head of FI DCM – UK/Ireland & Australia, said: “We were delighted to support Santander UK and National Australia Bank with their award-winning Covered Bond transactions. For Santander UK this meant delivering a large volume of funding at a very attractive cost, and for National Australia Bank returning them to the Dollar Covered Bond market after a 5-year absence. We are incredibly proud of our Covered Bond franchise and would like to thank all the issuers we have supported across Dollars, Euros and Sterling over the past 12 months.”

Notes:
[1] SONIA Sterling Overnight Index Average

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We’re named GlobalCapital’s “Best Sterling Lead Manager” in Covered Bonds Awards 2023

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