14 October 2019
NatWest Markets has won two awards at the mtn-i awards 2019. These awards recognise success in the Medium Term Note (MTN) and private placement markets across Asia Pacific.
We were named Rising Star Dealer for Asia Pacific in recognition of our ability to navigate global trends and provide tailored financing solutions. The volume of innovative solutions we’ve provided to our clients and the exceptional feedback we’ve received from them also impressed the editors of mtn-i. This included 13 MTN transactions in Japanese Yen totalling 8.4bn, the first green bond Private Placement for a leading European energy company operating internationally and an Australian dollar 100mn issuance for Royal Schiphol Group.
In addition we’ve moved from 15th to 3rd position in industry league tables for SSA issuance volume in Hong Kong Dollars/Chinese Yuan eurobonds and have continued to gain further traction and success in bridging Asian investors with EMTN financing solutions.
The private placement for Schiphol also won Deals of the Year. It was the first Australian dollar MTN that NatWest Markets has executed for a European corporate and sold to a high quality Asian institutional investor. The proceeds were used to support Royal Schiphol Group’s acquisition of further shares in Brisbane Airport.
Marc Falconer, Head of MTN Syndicate, NatWest Markets said: “Clients have commented on the strength of our distribution, access to investors in Asia and the ability to connect in local Asian currencies.
The Rising Star Dealer award for Asia Pacific is recognition from the trade media, our peers and our clients of the results that we can deliver to issuers and investors alike,” added Marc.
Jonathan Peberdy, Global Head of Syndicate, NatWest Markets said: “The mtn-i awards are very competitive and we are delighted to be recognised for the tremendous progress we’ve made in distributing credit in Asia. We are particularly proud of the award for Schiphol as it clearly demonstrates NWM’s global reach in support of our clients.”
Medium Term Note
An MTN is a bond note or debt instrument with a maturity period that’s usually between 1 and 30 years. It’s continually offered through various brokers off a “shelf” or “programme”, rather than issued all at once from a stand-alone prospectus. MTNs have become a common form of fundraising for large corporations, government agencies, and sovereign states. This demand has led to more complex MTNs, with floating interest rates and maturity periods from nine months to 30 years or longer.
- A sovereign is a national government.
- A supranational is an entity formed by two or more central governments to promote economic development – examples include the International Finance Corporation and the European Bank for Reconstruction and Development.
- An agency is connected to government and acting on behalf of government – an example includes the UK Debt Management Office.