Falcon and Natixis securitise US$150m trade finance receivables

News | 5 September 2017

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In what was billed as a landmark transaction, Falcon Group and Natixis closed a US$150m trade finance securitisation in July. Specialist financier Falcon Group securitised cross-border multi-bank instruments into a special purpose vehicle and Natixis, which is the international corporate, asset management, insurance and financial services arm of Group BPCE, was the sole initial buyer of the securities.

“As the first securitisation of cross-border multi-bank instruments, this is an unprecedented transaction for the trade finance market,” said Falcon Group CFO Chris Howarth. “Not only does this deal demonstrate the strength of our business model and financial performance, but also our commitment to innovation. And it reflects our confidence in the continued growth of Falcon’s global trade finance business.”

Falcon has earmarked the funds raised to provide trade finance to mid-cap and large companies. The deal is another piece of Falcon Group’s funding diversification plan. The group also received a US$100m five-year loan in June from private equity firm Kohlberg Kravis Roberts (KKR).

Falcon is certainly growing, with new offices in the City of London (the former headquarters of Lloyd’s Bank in Lombard Street), and Australia. On 3 September, the group announced it had employed three new business development directors in Australia (Chris Seneviratne, Ben Lacy and Ray Buxton).

The firm now operates in over 30 countries and has deployed in excess of US$8bn in the past three years.

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