Nanterre, 22 December 2021
BNP Paribas Leasing Solutions, European leader in professional equipment finance, announces the successful issuance of its first securitisation on behalf of its affiliate BNP Paribas Lease Group SA.
The EUR 500 million transaction is the first ever public securitisation on professional equipment leasing contracts in Europe with a placement of all tranches to investors.
We are very pleased with the strong reception that this transaction has seen in the market and the trust that investors have shown in the platform. The success of this first transaction will allow BNP Paribas Leasing Solutions to extend its service offering to the benefit of its clients, which consist mainly of mid-size companies and SMEs in the real economy.” declared Isabelle Loc, CEO of BNP Paribas Leasing Solutions.
- The securities, backed by more than 75,000 equipment leasing contracts with French SMEs and corporates, comply with the requirements for simple, transparent and standardised securitisations (STS), as well as those of the Capital Requirements Regulation (CRR).
- The deal, which attracted strong demand from investors and was oversubscribed across the capital structure, priced on 28 October 2021 and closed on 22 November 2021.
- BNP Paribas acted as Sole Arranger and Sole Lead Manager.
- BNP Paribas and BNP Paribas Lease Group were advised by Hogan Lovells.
About BNP Paribas Leasing Solutions
As the European leader in asset finance, BNP Paribas Leasing Solutions supports the growth of its clients and industrial partners by offering rental and finance solutions with services for their professional equipment.
At the heart of the usage economy, we provide businesses with the flexibility they need to remain competitive and grow in a sustainable way.
Our 3,700 experts support our clients’ and partners’ growth by offering them an increasingly digitalised experience.
In 2020, we financed 310,000 projects for a total volume of 12.8 billion euros in 20 countries, in Europe and also Asia, the United States and Canada.
Find out more on leasingsolutions.bnpparibas.com/en
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