Industry SectorsFinancial ServicesFalcon completes ‘unprecedented’ securitisation deal

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).

The company now operates in over 30 countries and across 15 industries having deployed over $8bn in the past three years.

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.

 

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