The awards demonstrate BNP Paribas’ client
focus, adaptability and commitment to supporting the economy throughout the
Covid-19 pandemic, ultimately highlighting the central role the bank’s teams
play in accelerating a responsible, green recovery around the world.
IFR editors explained: BNP Paribas “was the one that excelled in
servicing its clients in their hour of need, that used all the tools at its
disposal to overcome the year’s many challenges, that knew when to say “no” as
well as “yes”, that understood its limitations but made the most of its
strengths.”
The global accolades include:
- Bank for Sustainable Finance
- Bond House
- Euro Bond House
- Europe IG Bond House
- Loan House
- EMEA Loan House
- ESG House Asia
IFR – a leading capital markets publication of the Refinitiv group – commended BNP Paribas for its leadership noting, “BNP Paribas, under the leadership of CEO Jean-Laurent Bonnafe, has truly led the way on sustainable finance”.
Partnerships to tackle the climate and biodiversity crisis are an essential part of BNP Paribas. In relation to the bank’s role on the Task Force for Nature-Related Financial Disclosure (TNFD) and other key coalitions, IFR noted “BNP Paribas has shown thought leadership and has been collaborating across the board with peers and regulators to develop markets.
The bank’s capital markets expertise across bonds and loans is testimony to BNP Paribas client centric approach, and IFR highlighted “The simple fact is that the French bank excelled in every department in which it is a leading player – SSAR, European investment-grade corporates, European financials, European high-yield, ESG and the euro component of emerging markets supply”.
On the loan awards, the publication emphasised the bank’s responsiveness to the pandemic: “Using its platform as a European banking powerhouse, BNP Paribas led the global loan markets through the pandemic. From innovative structuring and expert advice, to pursuing ESG goals and providing liquidity financing to borrowers struggling with the Covid-19 fallout”.
In the regional categories, BNP Paribas was named ESG House Asia, further demonstrating the innovation and commitment of local expertise to accelerate the inclusive transition towards a low carbon economy.
More broadly, the bank also supported the following deal wins for its clients:
- Sustainable Equity Issue: Schneider Electric’s €660m sustainability-linked convertible bonds
- Sustainable Loan: Tesco’s £2.5bn sustainability-linked loan
- Emerging EMEA Bond: Delek Drilling’s US$2.25bn four-part project bond
- EMEA Structured Equity Issue: EDF’s €2.4bn four-year green convertible bond
- Europe High-Yield Bond: Masmovil’s €720m seven-year bond
- Covered Bond: Caffil’s €1bn five-year Covid-19 bond
- Europe Financial Bond: Allianz’s €2.3bn-equivalent dual-tranche Restricted Tier 1
- Renminbi Bond: AIIB’s RMB3bn 2.4% Panda bond due 2023