NatWest emerged as the winner of two categories this year – Lead manager of the year, green bonds – sovereigns and Lead manager of the year, social bonds – financial institutions.

In green bonds, NatWest was awarded a mandate to participate in a €3 billion ($3.2 billion) a tap of Germany's August 2053 green line, its only green syndication of 2024, which achieved a final orderbook of over €8.6 billion. NatWest also won a mandate to lead manage Italy's new green BTP October 2037 syndication, which raised €9 billion from a record order book of €84 billion.

For social bonds, judges highlighted NatWest's broad experience, expertise across European markets and familiarity with different social outcomes".

During 2024, the bank led several debut transactions for financial institutions, including an inaugural €500 million social bond issuance for Deutsche Bank and helped to structure Banca Ifis' social bond framework. Its Sustainable Finance Advisory team also supported parent group – NatWest Group – to price a €1 billion affordable housing bond last year.