BNP Paribas Leasing Solutions announced the successful issuance of its first securitization on behalf of its affiliate BNP Paribas Lease Group SA. The $566 million (EUR 500 million) transaction is the first ever public securitization 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,” said Isabelle Loc, CEO of BNP Paribas Leasing Solutions.

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 standardized securitizations (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.