Falcon completes 'unprecedented' securitisation deal
The first securitisation of cross-border multi-bank instruments was announced today.
Falcon Group has completed a $150m securitisation of cross-border multi-bank instruments, which it says is the first of its kind.
The financing solutions firm will use the extra funding capacity to provide trade finance to mid-cap and large companies.
Natixis, the international financial services arm of Groupe BPCE, was the sole initial purchaser.
“As the first securitisation of cross-border multi-bank instruments, this is an unprecedented transaction for the trade finance market,” says Chris Howarth, Falcon Group CFO.
The transaction sits alongside the recent $100m loan to Falcon from global investment firm Kohlberg Kravis Roberts (KKR).
Howarth says that these two deals will secure strong growth in the years ahead.
“We’re proud to have achieved this unique securitisation, which I hope will be the start of a flourishing partnership between Natixis and Falcon,” says Emmanuel Issanchou, global head of structured credit and solutions at Natixis.