News

This transaction provides SCOR Global P&C SE with $60m protection against hurricanes and earthquakes in the United States and with €130m protection against windstorms in Europe from January 1, 2013 to December 31, 2015..

Thanks to this new transaction, Natixis reinforces its leadership on the Euro catastrophe bond market where the bank has ranked No. 1 lead manager in 2011 (Source: ranking based on 2011 trading risk data for closed insurance-linked securities transactions).

This prize rewards the bank's contribution to the financing of airlines, its commitment to clients ad its capacity to arrange and deliver financing solutions tailored to their activity and to the market context.

At the award-giving ceremony, two "Deal of the Year" awards were also given for transactions set up by Natixis: the "Asia Aircraft Leasing Deal of the Year" award for financing of 6 Airbus A321 aircraft (French Operating Lease with ECA Guarantee for Air China), and the "Innovative Debt Deal of the Year" award for the Doric/Emirates transaction.

Voted ‘Bank with the most improved Market Profile’ by Euroweek in 2011, this year Natixis is targeting the award for the ‘Best Secondary Loans House 2012’ in the leveraged finance category.

To learn more: Natixis, your partner on the secondary loan market

The purpose of the chair is to contribute to clarifying the nature and investment profile of infrastructure debt instruments in order to reduce the relative shortfall of publicly available investment data on the subject, compared to longer established investment segments.

The chair will specifically focus on the risk and return characteristics and portfolio diversification benefits that infrastructure debt instruments can bring to institutional investors.

The research associated with the Natixissponsored Infrastructure Debt Chair will be led by Research Director Frederic Blanc-Brude, Ph.D., who has more than ten years of research experience in the infrastructure sector and has published numerous academic papers on this topic.

This three-year partnership was officially signed on October 22 by Laurent Mignon Natixis Chief Executive Officer and Noël Amenc Director of EDHEC - Risk Institute.

Natixis is opening the infrastructure finance business up to institutional investors via an innovative partnership agreement reached in August with insurance company Ageas, one of the 20 leading European companies.

“Natixis and Ageas share a similar belief that infrastructure debt is a high-potential asset class for institutional investors” explains Benjamin Sirgue, global head of infrastructure and project finance.

This agreement involves Ageas investing in infrastructure loans set up by Natixis on the basis of selected criteria defined in agreement with Ageas, with the bank retaining a pre-agreed percentage of each facility. Through this partnership, Ageas intends to build a portfolio of €2billion over a 2–3 year period. Natixis will undertake the servicing of all the loans in the portfolio.

“This partnership is a major step forward for the European infrastructure debt market. Natixis is a pioneer in this sector and aims to open the way to non-bank participation on a large scale via its infrastructure and project platform. The bank will continue to act as a major adviser, arranger and servicer of infrastructure and project finance debt” according to Pierre Debray, global head of Structured Finance at Natixis.

In an effort to further develop the infrastructure and project finance market, Natixis is holding its first “European Infrastructure Day” conference on 23 October in Paris. This event will bring together a number of experts to present their findings and examine the infrastructure debt asset class and its outlook.

These initiatives demonstrate Natixis’ constant quest for solutions to meet its clients’ needs, and show its ability to innovate in today’s challenging commercial and regulatory environment.

9 October 2012

Natixis is one of the first French banking establishments to offer the Equiduct service to its retail clients. Thanks to this new service, clients can make actual gains, by having their orders executed at the best price offered on all markets, and get a global and transparent view of European markets. “Best Execution” services were introduced in 2007 via a MIF Directive. These services are provided in a regulated market approved by the European Securities and Markets Authority (ESMA) and are secure.

Built to deliver a unique and user-friendly interface for our three research sectors, the Natixis Research app enables Natixis’ clients to consult publications to which they subscribe and download them for off-line reading. This gives them the possibility of reading at their leisure the publications stocked in their tablet when they are travelling.

Research is an integral part of the Natixis offering: the daily publication of its analyses helps to shed light on decisions made by clients and participate in the process of creating financial solutions adapted to their needs.

Find our application on the App Store® or download it directly here from your iPad.

To read more about:

Credit research
Economic research
Equity research
June 2012

In light of the current backdrop, the seminar’s scope was to address these clients’ specific challenges. The programme’s agenda included:

• presentations by Natixis experts on the organisation and role of European institutions, the accuracy of economic indicators and other related topics,
• debates by renowned experts on the future of European institutions, analysis of regulatory frameworks, etc.,
• a wide range of training sessions on portfolio management that allowed participants to choose their preferred session to fit their requirements,
• workshops on an extensive range of topics that spanned credit allocation viewed against the current sovereign debt backdrop, common European government bonds and covered bonds.

The event provided Natixis with the opportunity of assisting our public financial institution and sovereign wealth fund clients, in addition to advising them and offering investors and borrowers mix-and-matchable products and services.

June 2012

Natixis is positioned No. 5 European bank for credit research for 2012 and ranks among the top 10 across all the sectors covered by the bank.

The Bank was voted*:

No. 1 for Covered Bonds & Pfandbriefe

No. 2 for Utilities

No. 3 for Supranationals and Agencies

No. 4 for Insurance, Automotive, Telecom & Media

No. 5 for ABS, Consumer & Retail, and Industrials

No. 7 for Banks and Credit Strategy

No. 9 for High Yield

These awards are the result of our high-quality fundamental research and our commitment to our clients. Leveraging its range of daily publications, the Credit Research team delivers clients respected, across-the-board and independent analysis of over 150 issuers in the eurozone bond market.

The “Best credit research for Covered Bonds and Pfandbriefe” award also underscores Natixis’ expertise in the covered-bond market for more than 12 years. Our standing as world leader in this field was cemented in 2011 when industry magazine The Cover awarded Natixis the "Best Bank for Covered Bonds 2011" prize**.

Responsible and recognized expertise

This award is the crowning piece of 2011, which was a very active year in this sector with 11 major projects structured and financed by the Project Finance team of Natixis’ Corporate and Investment Banking division in France and worldwide. The 11 projects represent a total capacity of 1,200 MW. A number of these projects were also named “Deal of the Year” at the award ceremony.

These successful operations serve to consolidate Natixis’ world position in the top 10 of banks active in the financing of energy transition and of green and responsible growth.

A fast-growing business

The growth of the project finance business came with an offer expanded to new technologies (offshore wind power, biomass) and to new countries, such as Canada, Germany, and the United Arab Emirates.

Globally, Natixis anticipates all new issues, requirements and opportunities related to sustainable development. As a result, it is in a good position to better take into account and understand the limitation and compensation of the social and environmental impact of the projects it finances.

The group has developed a sizeable commodities financing business, as well as specialised financing services (aeronautics, exports and project financing etc.) and capital markets activities.

Today, Natixis is continuing to expand in Russia, by extending its product offering and consolidating relations with its clients.

The new bank is to be known as “Natixis Pfandbriefbank AG” and will be 100% owned by Natixis S.A., Paris. The main activity of this newly established mortgagebank will be the financing of European commercial real estate transactions, with a geographical focus on Germany and France. The eligible part of the business will be refinanced through the issuance of covered bonds backed by mortgages (Hypothekenpfandbriefe).

Henning Rasche and Ralf Wittenbrink are the designated board members of the new bank. Both have many years experience in capital markets and have been board members of German mortgagebanks in the past. Henning Rasche was chairman of the association of German mortgagebanks (VDP – Verband deutscher Pfandbriefbanken) until mid-2010.

This transaction provides SCOR Global P&C SE with US$270 M protection against hurricanes and earthquakes in the United States up to December 31, 2014 and with €50 M protection against windstorms in Europe up to March 31, 2015.

This transaction is another key step for Natixis in the cat bond market and marks the expansion of its catastrophe bonds offering to US risks. As of December 12th 2011, Natixis has lead managed 100% of the Euro denominated cat bonds and more than 18% of all catbonds issued this year.

The tool is based on an innovative Internet site www.cashmanagement.natixis.com and on "myCampus", an iPhone®, iPod Touch® et iPad® application downloadable from App Store.

This innovative tool, which is guided by the avatar Elise, offers cash management clients the opportunity of informing and training themselves about the best cash management practices using a WebTV, interactive FAQs, a Serious Game* and training and e-learning modules developed by training experts and specialists.

myCampus Cash management delivers access to resources and training wherever the client’s location. The client may do so even without an Internet connection as training sessions downloaded from App Store can be conducted offline.

*Serious games are designed for the purpose of solving a problem. Although serious games can be entertaining, their main purpose is to train, investigate, or advertise. Sometimes a game will deliberately sacrifice fun and entertainment in order to make a serious point.

This is the second issuance under the Calypso Capital Limited program set up by AXA Global P&C, after the €275 million issuance closed in October 2010.

This transaction provides AXA Global P&C with protection against the risk of a large windstorm in Europe. 180 million Euros of risk are transferred to capital markets via this issuance.

This deal is an additional key step of Natixis’ product range development (catastrophe bonds) for its client base of insurers and reinsurers, and reinforces the leadership of Natixis in the European CatBond market in 2011.

This communication does not constitute an offer to sell or the solicitation of an offer to buy the securities mentioned herein in any jurisdiction in which such an offer or solicitation is illegal. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act.

This success confirms the expertise and development of the Global Debt Platform.

Natixis accompanied several clients on the primary bond market during the first half of 2011, which consolidates its leading position in this field. Present in all jurisdictions with an extensive knowledge of investors and issuers, Natixis has become a front-rank player on global primary bond markets.

This award* confirmed Natixis’ expertise in the covered bond market for over 12 years and its position as a leading global bank in 2011, in all currencies.

In a high market volatility context, covered bonds are one of the main financing instruments available to banks. Banks world-wide have used them to raise more than €165 billion so far in 2011.

In 2011, Natixis is n°1 for covered bonds by the number of transactions with 62 syndicated transactions lead managed (source: Dealogic au 23/09/2011). Natixis is active in all jurisdictions and has market-leading knowledge of both investor and issuer needs on top of in-depth expertise on primary and secondary markets, dedicated research, global distribution and a dedicated structuring team.

* “Best Overall Bank for Covered Bonds – Covered Bond Awards 2011” – The Cover / EuroWeek – September 2011

After having managed the public placement of two securitization operations in 2001, i.e. Claris 2011-1 (€560 million) for the Italian bank Veneto Banca and Headingley 2011-1 (€500 million tranche) for the English bank Lloyds Bank, Natixis added another success in this area by arranging and marketing the €450 million car loan securitization for Socram Banque.

Investor request for the tranche rated AAA/Aaa by Standard Standard & Poor’s and Moody’s was very strong with €1.3 billion of interest with a final size of €409.5 million (oversubscribed three times). This success is the result of the winning combination of:

The experience of Socram Banque (40-year car loan specialist in France) and the borrowers it targets (the long-standing clients of its shareholders which are cooperative insurance companies);

The quality and diversity of the securitized loan portfolio;

The transparency of the securitization structure in line with all the reporting standards required by the market and by regulations;

A favorable market context, i.e. scarcity of products with exposure to French risk and issue spread tightening, despite uncertainties on sovereign debt restructuring.

The economic situation is favorable for this type of operation considering the reopening of the securitization market in the context of the upcoming Basel III regulations.

This exceptional success was made possible by the Socram Banque teams and the rapid execution of the operation due to the mobilization of Natixis*, one of Socram Banque’s arranger/bookrunner partners. With this new success, Natixis confirmed its leading position on the primary securitization market.

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In a ceremony in Hong Kong, EuroWeekAsia unveiled its list of prize-winning financial institutions in the Asian syndicated loan market in 2010. More than 80 market players were invited to rate the performance of their peers and to choose the most outstanding deals of 2010. Natixis was singled out as the “Best arranger of Vietnamese syndicated loans”, one of the most competitive markets.

The Asia-Pacific region is one of Natixis’s strategic priorities. The Corporate and Investment Bank (CIB) now has around 15 offices in 12 countries in the region. This platform is organized from the regional center in Hong Kong and covers most of CIB’s activities. It is geared to working with major Asian corporations in the region, but also to helping large European clients execute their expansion plans in Asia.

As part of its ambitious redeployment plan in the capital markets field in 2010, Natixis reinforced its debt structuring and distribution activities via the creation of a global debt platform. This platform notably includes a syndication activity that ranks Natixis as one of the most active syndicated loan arrangers in the Asia ex-Japan region.

This regional presence is to be reinforced this year via new offices in the region that will optimize local coverage and the service offered to clients. 2011 will also feature efforts to redeploy an array of capital-market products and to bolster the sales force.

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This capability is illustrated by the numerous transactions Natixis led as Mandated Lead Arranger throughout Europe, specifically in France, Spain, Italy, the United Kingdom and Sweden as well as in the Middle East in Oman. Project Finance International also highlights the innovative and exemplary nature of the three transactions on which Natixis acted as financial advisor that were successfully completed in 2010, i.e. in France for the Exeltium and Marseille’s Stade Vélodrome Projects and in the Middle East for the Emirates Steel Industries Expansion Project in Abu Dhabi.
Natixis operates globally across all Project Finance industrial sectors, namely infrastructure, power and renewable energy, natural resources and telecommunications.
The Project Finance team, which is physically located worldwide, offers a wide range of products and services to major clients of the Bank. Services include financial advisory, debt arrangement, underwriting and distribution of senior and subordinated bank debt, arrangement and distribution of bond issues, interest rate, foreign exchange and commodity risk hedging products.

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