BNP Paribas Leasing Solutions has issued its first securitisation on behalf of its affiliate BNP Paribas Lease Group SA.

The €500m transaction is the first-ever public securitisation on professional equipment leasing contracts in Europe with the placement of all tranches to investors.

Isabelle Loc, CEO of BNP Paribas Leasing Solutions, said: “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.”

Transaction details

  • 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, was 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.