News | 25 June 2025
GlobalCapital recognises BBVA CIB as an emerging force in corporate bonds
BBVA Corporate & Investment Banking has been awarded the prestigious "Emerging Force in Corporate Bonds 2025" prize by GlobalCapital. This distinguished recognition in the debt markets marks a milestone, as it is the first time BBVA has received an award in this category, strengthening its position as a leading player in the European debt market.
BBVA Corporate & Investment Banking has been honoured with the prestigious "Emerging Force in Corporate Bonds 2025" award by Global Capital, an accolade of great significance in the international capital markets. This marks the first time BBVA has received this award in the category, underscoring its growing prominence as a key player in the debt markets. The award, granted by Global Capital, a global leader in international capital markets information, recognises financial institutions outside the Top 10 that have shown the most notable progress in terms of market presence, client impact, and excellence in strategic execution. It also reflects a year of strong momentum for BBVA, during which the bank climbed five positions in the European corporate bond league tables, moving from 20th to 15th place between April 2024 and March 2025, according to Dealogic data.
John Fleming, Christopher Hewitt, Reyes Bover, Sandra de las Cavadas, Ana Greco, Andrea Borna and Steffen ThiemannA recognition driven by market trust
Winners of the Global Capital Bond Awards are selected through an open market vote involving issuers, investors, intermediaries, and other participants within the debt ecosystem. This process lends the award distinctive value, as it directly reflects the industry's perception. In this edition, 46% of the votes came from issuers, 11% from investors, and 27% from investment banks, reinforcing the merit-based and independent nature of the accolade.
Sandra de las Cavadas, Managing Director of Debt Capital Markets Europe at BBVA CIB noted, “The fact that nearly half of the votes came from issuers is a clear sign of the strength of our relationships and the trust our clients place in us—something we deeply value. Our ambition is to continue raising the quality of the service we provide and to consolidate our position as a strategic partner in our corporate clients’ debt issuances”.
The award, presented at a ceremony bringing together key figures from the primary debt market, not only recognises commercial performance but also highlights institutions' ability to generate meaningful market impact, strengthen strategic client relationships, and execute transactions with rigour and reliability.
A track record of tangible results
This recognition is grounded in BBVA’s demonstrable progress in the corporate bond market. According to Dealogic, the bank reached 15th position in the European euro-denominated investment-grade bond rankings, climbing five places year-on-year. It also participated in the placement of 71 tranches in the public primary market—including senior and hybrid instruments—with a total volume exceeding €49 billion and more than 45 transactions executed during the reporting period. This position remains unchanged as of the end of the first semester of 2025.
BBVA has acted as an active bookrunner in some of the most significant euro- and dollar-denominated transactions of the year, reinforcing its role as a key strategic partner for corporate issuers.
This positive trend at the European level aligns with BBVA’s leading position in the Spanish corporate bond market, where it tops the ranking for the first half of 2025, according to data provided by Dealogic.
This performance is the result of the strategic development of BBVA’s Corporate & Investment Banking platform, which has recently strengthened its credit value chain in Europe and the United States by incorporating highly specialised talent across trading, research, syndication, sales, debt advisory, and DCM.