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”.

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.”

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