CMD Portal’s 2022 Best Covered Bond Bookrunner/Dealer and Best FIG EUR Bookrunner/Dealer awards

We are pleased to inform that Natixis has won CMD Portal’s 2022 Best Covered Bond Bookrunner/Dealer and Best FIG EUR Bookrunner/Dealer awards.  This award is given to an institution that excels in providing a full service to all types of Financial institutions and Covered Bond borrowers and investors in the Euro market.

Natixis has placed more EUR-FIG issues than ever this year in each of its main product lines; Covered Bond, ESG, Senior Preferred (SP), Senior Non-Preferred (SNP), and subordinated. Its activity spans large issuers, with repeat mandates in some cases (Banco Santander, Swedbank, Bank of Nova Scotia, BFCM , Commerzbank, LBBW, Erste Bank) , as well as smaller issuers increasingly active in the markets, demonstrating the increasing geographic reach: Landsbankinn (Iceland), Luminor (Estonia), The Mortgage Society of Finland, Sparebanken Sor (Norway), The Coventry BS (UK), My Money Bank (France) to name a few.

In covered bonds, Natixis remains the most consistent bookrunner/dealer available to issuers in the market. Argenta Spaarbank’s inaugural EUR 500m 10-year covered bond is a prime example of how Natixis delivers as the deal reached an orderbook size of about EUR3.5bn during execution. Natixis was also involved in the largest Euro Covered Bond of the year issued by the Bank of Nova Scotia for a total issuance size of €1.75bn.  Finally another notable deal came from CAFFIL who printed its first covered bond with a 25yr tenor.

In ESG-FIG, Natixis is a leader in placements across a variety of different formats. It helped place NatWest’s EUR1bn 9NC8yr social bond, which was the first ESG transaction from a UK bank since Brexit. Other notable deals in inaugural green format include: De Volksbank’s 7-year SNP, Sparebank 1 Ostlandet’s 7 year SP, Caixa Geral de Depositos’ 6NC5 year SP, Banco Commercial Portugues 6.5NC5.5 year SP, La Caixa Bank 8NC7 NPS, Nordea 10 year NPS, and ABN Amro 8 year NPS.

A further key strength is Natixis’ growing push for subordinated deals, to which they increased placements 3 times compared to the previous year. Some of these deals included La Banque Postale’s Additional Tier-1 (AT1) deal on which Natixis acted as Global coordinator, as well as on BPCE’s inaugural RAC Tier-2 (T2), Aéma’s triple-tranche RT1/T2/T3 in the insurance space, and CNP in insurance T2.  Other noteworthy successes include Banco Sabadell in AT1, CNP in US$ RT1, and in T2 Hannover Re, Bankinter, Belfius, Commerzbank, KBC Group, itself the 2nd tightest T2 bond priced in 2022.  Further on the insurance side, Natixis’ franchise goes from strength to strength along its Green capital franchise with deals for Munich RE, Talanx, La Sham, and AXA in Green T2 and Groupama in Green T3. In total, Natixis placed 5 green subordinated bonds with investors.

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