{"id":11740,"date":"2023-08-09T09:56:44","date_gmt":"2023-08-09T08:56:44","guid":{"rendered":"https:\/\/cfi.co\/awards\/?p=11740"},"modified":"2024-12-03T13:17:59","modified_gmt":"2024-12-03T13:17:59","slug":"landesbank-baden-wurttemberg-lbbw-best-covered-bond-issuer-germany-2023","status":"publish","type":"post","link":"https:\/\/cfi.co\/awards\/europe\/2023\/landesbank-baden-wurttemberg-lbbw-best-covered-bond-issuer-germany-2023\/","title":{"rendered":"Landesbank Baden-W\u00fcrttemberg (LBBW): Best Covered Bond Issuer Germany 2023"},"content":{"rendered":"<div style=\"width: 900px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-11740-1\" width=\"900\" height=\"506\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2023\/08\/LBBW-1.mp4?_=1\" \/><a href=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2023\/08\/LBBW-1.mp4\">https:\/\/cfi.co\/awards\/wp-content\/uploads\/2023\/08\/LBBW-1.mp4<\/a><\/video><\/div>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">In the 2022\/23 financial year, German banking group Landesbank Baden-W\u00fcrttemberg (LBBW) demonstrated an impressive capacity for identifying and seizing issuance opportunities. It achieved a combined orderbook of \u20ac17.8bn with participation from 592 investors. The mid-sized universal bank paves the way for clients to raise mission-critical capital, issuing covered bonds with impeccable market timing to achieve the highest levels of demand and the tightest spread outcomes. LBBW timed the issuance of a six-year \u20ac1bn green mortgage covered bond to coincide with the summer break, thereby creating momentum during a period of traditionally low transaction activity. Overwhelming demand resulted in nearly fivefold oversubscription and an order volume above \u20ac4.7bn \u2014 the largest LBBW covered bond orderbook in more than a decade. The bank introduced a \u20ac1bn public sector bond providing yield-hungry yet commitment-averse customers with two-year investment-term opportunities. The quick-turnaround tenor piqued investors, and the final orderbook exceeded \u20ac5.1bn (excluding JLM interest). LBBW covered bond terms range from two to ten years. The bank has strengthened its real-estate finance business with the acquisition of Berlin Hyp (BHH), which reported financing volume of \u20ac26bn in 2021. The consolidated banking group is dominating the European ESG bond market, with \u20ac3bn issued across four LBBW and BHH deals over the past fiscal year. The bank has earned clients\u2019 trust, as evidenced by LBBW\u2019s track record of landmark deals and multiple mandates from repeat issuers. The CFI.co judging panel recognises LBBW as the 2023 Best Covered Bond Issuer (Germany) award winner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; In the 2022\/23 financial year, German banking group Landesbank Baden-W\u00fcrttemberg (LBBW) demonstrated an impressive capacity for identifying and seizing issuance opportunities. It achieved a combined orderbook of \u20ac17.8bn with<\/p>\n","protected":false},"author":1,"featured_media":6020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[10,12,22,5,24],"tags":[204],"class_list":["post-11740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-best-practice","category-csr","category-europe","category-sustainability","tag-23-24"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.6 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Landesbank Baden-W\u00fcrttemberg (LBBW): Best Covered Bond Issuer Germany 2023 - CFI.co<\/title>\n<meta name=\"description\" content=\"German banking group Landesbank Baden-W\u00fcrttemberg (LBBW) has demonstrated an impressive capacity for identifying and seizing opportunities\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cfi.co\/awards\/europe\/2023\/landesbank-baden-wurttemberg-lbbw-best-covered-bond-issuer-germany-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Landesbank Baden-W\u00fcrttemberg (LBBW): Best Covered Bond Issuer Germany 2023\" \/>\n<meta property=\"og:description\" content=\"German banking group Landesbank Baden-W\u00fcrttemberg (LBBW) has demonstrated an impressive capacity for identifying and seizing opportunities\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cfi.co\/awards\/europe\/2023\/landesbank-baden-wurttemberg-lbbw-best-covered-bond-issuer-germany-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"CFI.co\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CapitalFinanceInternational\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-09T08:56:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-03T13:17:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2018\/09\/LBBWThumb.png\" \/>\n\t<meta property=\"og:image:width\" content=\"349\" \/>\n\t<meta property=\"og:image:height\" content=\"218\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"marten\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CFIMagazine\" \/>\n<meta name=\"twitter:site\" content=\"@CFIMagazine\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"marten\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cfi.co\/awards\/europe\/2023\/landesbank-baden-wurttemberg-lbbw-best-covered-bond-issuer-germany-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cfi.co\/awards\/europe\/2023\/landesbank-baden-wurttemberg-lbbw-best-covered-bond-issuer-germany-2023\/\"},\"author\":{\"name\":\"marten\",\"@id\":\"https:\/\/cfi.co\/awards\/#\/schema\/person\/e3ad9b01223c3a8168d49fc9b884a909\"},\"headline\":\"Landesbank Baden-W\u00fcrttemberg (LBBW): Best Covered Bond Issuer Germany 2023\",\"datePublished\":\"2023-08-09T08:56:44+00:00\",\"dateModified\":\"2024-12-03T13:17:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cfi.co\/awards\/europe\/2023\/landesbank-baden-wurttemberg-lbbw-best-covered-bond-issuer-germany-2023\/\"},\"wordCount\":266,\"image\":{\"@id\":\"https:\/\/cfi.co\/awards\/europe\/2023\/landesbank-baden-wurttemberg-lbbw-best-covered-bond-issuer-germany-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cfi.co\/awards\/wp-content\/uploads\/2018\/09\/LBBWThumb.png\",\"keywords\":[\"23-24\"],\"articleSection\":[\"Banking\",\"Best Practice\",\"CSR\",\"Europe\",\"Sustainability\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cfi.co\/awards\/europe\/2023\/landesbank-baden-wurttemberg-lbbw-best-covered-bond-issuer-germany-2023\/\",\"url\":\"https:\/\/cfi.co\/awards\/europe\/2023\/landesbank-baden-wurttemberg-lbbw-best-covered-bond-issuer-germany-2023\/\",\"name\":\"Landesbank Baden-W\u00fcrttemberg (LBBW): Best Covered Bond Issuer Germany 2023 - 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