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Sunday, 19 May 2019

Issuer Awards 2018

SSAR Issuer: Kingdom of Spain

SSAR Issuer: Kingdom of Spain

IFR Awards 2018

Labels are notably tricky to shake off, but in a year when echoes of the eurozone’s peripheral crisis resonated loudly, the Kingdom of Spain successfully managed to reposition itself. For executing one of the biggest European sovereign funding programmes with flair, Spain is IFR’s SSAR Issuer of the Year.

Financial Issuer: Nordea

Financial Issuer: Nordea

IFR Awards 2018

A sharp deterioration in conditions posed a major challenge to borrowers in 2018. Nordea’s funding team had the additional hurdle of a strategic re-domiciliation to Finland, but the bank’s ability to navigate the pitfalls with foresight and flair makes it IFR’s Financial Issuer of the Year.

Corporate issuer: Bayer

Corporate issuer: Bayer

IFR Awards 2018

Bayer’s US$66bn acquisition of Monsanto required an enormous fundraising effort across asset classes. Each slice was market-defining, but the company’s deft strategy meant that each was easily absorbed by an enthusiastic investor base. Bayer is IFR’s Corporate Issuer of the Year.

Financing Package: Refinitiv's US$13.5bn loan and bond financing

Financing Package: Refinitiv's US$13.5bn loan and bond financing

IFR Awards 2018

The loan and bond financing backing the carve-out of Refinitiv not only defined 2018, but seemed to hold the fate of the debt markets in the balance. For a successful conclusion to a dramatic saga, the deal is IFR’s Financing Package of the Year.

Bond Awards 2018

US Bond House: Goldman Sachs

US Bond House: Goldman Sachs

IFR Awards 2018

US investment-grade bond volumes dropped for the first time in eight years in 2018 after tax reform reduced the need for some companies to borrow. For its strategy of focusing on its M&A strengths to win high-grade market share and for tackling some tough high-yield bond stories, Goldman Sachs is IFR’s US Bond House of the Year.

Structured Finance Awards 2018

North America ABS House: Barclays

North America ABS House: Barclays

IFR Awards 2018

Consumer appetite for new debt kept US ABS running at a steady pace – at least until the autumn, when a fresh barrage of deals faltered. For helping the market regain momentum just when it needed it most, Barclays is IFR’s North America ABS House of the Year.

Emerging Markets Awards 2018

Emerging EMEA Bond: Metinvest's US$1.35bn dual-tranche bond and tender

IFR Awards 2018

In terms of sheer complexity, few transactions can beat Ukrainian mining and steel company Metinvest’s dual-tranche offering in April.

Structured Equity Awards 2018

Americas Structured Equity House: Morgan Stanley

Americas Structured Equity House: Morgan Stanley

IFR Awards 2018

In a year when technology companies dominated equity-linked issuance, most trusted Morgan Stanley to lead their transactions. The bank delivered low-cost funding to issuers and gave investors a balanced way to participate. It is IFR’s Americas Structured Equity House of the Year.

Digital version

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The hard copy of the 2018 IFR Awards is sent to all IFR magazine subscribers, but non-subscribers can view a full digital version for free by clicking here.

If you would like to order a hard copy version of the 2018 IFR Awards, please contact gloria.balbastro@refinitiv.com.

2018 IFR Asia Awards

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The IFR Asia Awards honour achievement in Asia’s capital markets. The Awards will be presented at the 2018 IFR Asia Awards Dinner, taking place on February 26 2019 at the Four Seasons Hotel in Hong Kong.

IFR Awards 2018

IFR Awards 2018

So here’s a funny thing. The one asset class that the great and good of the global economy seems to be worried about – leveraged loans – is just about the only one that has made money for investors in 2018.

All Foreword 2018

Looking to the future – at last

Looking to the future – at last

IFR Awards 2018

A decade on from the demise of Lehman Brothers – and with a new generation of leaders at the helm – the banking sector has reached a turning point. Legacy issues from the crisis have faded in intensity and, while some potentially formidable challenges lie on the horizon, the industry narrative has at last shifted to thinking about the future.

Europe’s banks start the fightback

Europe’s banks start the fightback

IFR Awards 2018

The sale in June 2018 by the UK government of a 7.7% stake in Royal Bank of Scotland served as a stark reminder about how the fortunes of US and European banks have diverged since the financial crisis.

Between a rock and a hard place?

Between a rock and a hard place?

IFR Awards 2018

Over the decades, Japanese banks have been criticised, fairly or unfairly, as having a boom-bust approach to international business. How do the international ambitions of Japan’s major financial groups stack up today amid ongoing monetary stimulus at home and a challenging environment overseas? Is it different this time?

A brave new world

A brave new world

IFR Awards 2018

With the US Federal Reserve shrinking its balance sheet and the ECB emerging from quantitative easing, the bond market is likely to present opportunities in corporate debt.

Beyond the Chinese wall

Beyond the Chinese wall

IFR Awards 2018

China’s role in the global economy is under intense scrutiny, thanks in no small part to the US president’s Twitter account. But while Donald Trump continues to rail against unfair competition, intellectual property theft and currency manipulation, China’s financial markets are finally opening up.

Green finance extends its reach

Green finance extends its reach

IFR Awards 2018

To focus on simple issuance numbers when it comes to Green finance in 2018 would be to miss the real story.

All Features 2018