Natixis acted as Sole Structuring Bank and Sole Arranger for the first issue of asset backed securities (ABS) backed by a portfolio of renewable energy plants (REBS) sponsored by Glennmont Partners, for a total amount of EUR 51.5 million (USD 58m).
The proceeds of the issue have been applied to acquire a portfolio of project finance loan agreements disbursed to finance or refinance the construction of eight wind farms totalling 52 MW and six solar photovoltaic (PV) plants with a combined capacity of 14.4 MW.
The news was covered by reNEWS, Energy Rev, Renewables Now, PFI, Private Equity Wire, TXF, MfDowJones, Citywire, Investire, Energia & Mercato, Il Sole 24 Ore, Il Messaggero, Il Giornale.
Writing for Börsen-Zeitung, Hansjörg Patzschke, Natixis’ Senior Country Manager for Germany and Austria, outlined the crucial role that banks play in supporting the fight against climate change.
Patzsche explains that banks and regulators should put in place concrete and achievable goals to support the transition to a low-carbon economy, as well as working work hand-in-hand with all actors to promote the further development of green finance.
To read the article, please click here.
Natixis is launching a new framework – its Green Weighting Factor – to measure how green its corporate and investment banking products and lending are, affecting the internal risk weightings it applies to loans and potentially staff pay.
“We are going through all our portfolio of loans to have a taxonomy on what is the impact on the climate and some other factors of the loans,” explained Natixis Chief Executive, François Riahi, at the bank’s recent green finance conference in Paris.
Natixis will internally apply a higher risk weighting on loans to high-carbon emission industries, which depresses the return on the capital achieved. Conversely, green loans will get a reduced risk weighting, improving the internal calculation of its profitability.
To read the full article click here. (paywall)
Natixis Payments and Visa have partnered to launch Xpollens, the first end-to-end “Payments in a Box” offer that integrates a full range of innovative payment solutions for Fintechs, corporates and retailers.
Xpollens helps these players integrate a full range of payment services, from payment cards to instant payments through customer accounts. The integration of Apple Pay will help answer high demand for greater control, functionality and better user experience. Apple Pay will be available as soon as Xpollens’ solution goes live.
The news was covered by Finextra, PYMNTS, Fintech Finance, The Paypers, Ecommerce News, Infoplay, Fintech Insight.
Investors are increasingly interested in renewables financing and the growth of so-called “green unicorns”, explain Natixis’ Global Head of Equity Capital Markets, Eric Arnould and Global Head of Real Assets, Anne-Christine Champion.
Speaking to Global Capital at the Natixis Renewable Energy Forum, Champion indicated that activity has substantially picked up over the last year, with a growing appetite for green, renewable projects and sustainable assets.
Arnould also noted the potential to develop a European hub for renewable energy financing. “The US is likely going to be the centre for high tech listings for some time, but I think Europe can take the lead in renewable energy,” he added.
To read the article in full, please click here (paywall).
Speaking with Environmental Finance, Orith Azoulay, Natixis’ Global Head of Green and Sustainable Finance, welcomed the European Union’s taxonomy of climate-related activities as “a very positive development and a real milestone for sustainable finance”.
However, she explained that the taxonomy’s criteria for some so-called ‘transition’ activities – such as manufacture of cement and aluminium – could be too strict .
To read the full article, please click here (paywall).
Speaking to IFR, Marc Vincent, Natixis’ Head of Corporate and Investment Banking (CIB), elaborated on the French bank’s M&A strategy.
Natixis has taken a unique approach to advisory work – by teaming up with established boutique firms around the world. This month, for example, it added to its M&A network by taking a majority stake in Australian energy and natural resources adviser Azure Capital. What’s more, annual M&A revenues have grown about tenfold in the past six years to nearly €200m, Vincent explained.
To read the full article, please click here.
Targeted longer-term refinancing operations (TLTROs) remain a more attractive option than refinancing on wholesale markets for Italian banks, even in the case of tighter restrictions being implemented by the European Central Bank, according to simulations carried out by Natixis.
Dirk Schumacher, who leads the European team of macro research at Natixis, commented on the topic in an article by Italian publication Il Sole 24 Ore.
“The concurrent facts, that the amount that will come to maturity and will need to be refinanced is huge and that the cost of funding on the wholesale markets is significantly higher, will end up making the new TLTRO attractive for Italian banks”, confirms Schumacher.
The full article can be found here.
Following the extension to the Brexit deadline granted to Theresa May at an EU summit in Brussels from 12th April to 31st October, Rene Defossez, senior economist at Natixis, commented: “This latest delay solves nothing and won’t be an incentive for firms to invest or call off their contingency plans. This delay merely points to lastingly weak growth.”
“Brexit is much like a computer virus: it is causing malfunctions to the UK’s economic and political ‘programs’,” said Defossez. “[The] European Summit has not really acted as an anti-virus: the political situation in the United Kingdom remains deadlocked and the country’s economy will continue to suffer from Brexit-related uncertainties.”
The comments can be found in this article by The National.
In an interview for Air Finance Journal, Natixis’ Global Head of Aviation, Gareth John, discusses the state of the ABS market and Natixis’ strategy for aviation investment.
Gareth explains that Natixis is looking to become more of a “strategic partner” and less of a “transactional lender” to its clients. What’s more, on the ABS side, the bank is looking to dedicate more resources to support a higher level of securitisation deal flow.
Read the full article in the March / April edition of Air Finance Journal.