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.
Isabelle Loc, CEO, BNP Paribas Leasing Solutions: “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, 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.
At the Global Capital European Securitization awards held in London on 27th April, BNP Paribas Leasing Solutions received the Debt Issuer of the Year Award for our first ever securitization operation that was conducted at the end of 2021.
Organised by Global Capital, these awards bring together over 300 market participants. The Awards are a result of a comprehensive process of market research including an online poll and pitches.
By giving us this award, Global Capital recognised the standard of our pitch. They also appreciated the innovative nature of our securitization operation. Indeed, the EUR 500 million transaction was the first ever public securitisation on professional equipment leasing contracts in Europe with a placement of all tranches to investors. The successful completion of this transaction allowed us to extend our service offering to the benefit of our clients, which consists mainly of mid-size companies and SMEs in the real economy. The deal attracted strong demand from investors and was oversubscribed across the capital structure.
The award was received by Isabelle Loc, CEO of BNP Paribas Leasing Solutions on behalf of the company.
SECURITISATION OPERATION – Find out more about our successfully closed securitisation operation.
At the 17th Leasing Life Conference & Awards held on 17 March in Barcelona, Spain, we received the European Leaser of the Year award for the sixth time since 2011.
Organised by Leasing Life, Europe’s leading magazine in the leasing industry, the Leasing Life Awards recognise the greatest achievements of the European equipment finance industry and bring together key market players.
By giving us this award, the jury once again reiterated our position as the European leader in professional equipment finance. With a presence in 20 countries across 3 continents, our teams support the development of our clients and partners with solutions that are both global and adapted to local specificities.
This award also recognises the diversity of solutions and services. We are the only player in the industry offering a range of solutions and services for each stage of the equipment life cycle and that respond to the different needs of our clients, partners and their distribution networks.
The award was received by Pascal Layan, Deputy CEO, and Pascale Favre, Head of the International Technology and Lifecycle Solutions Business Line.
The awards ceremony was preceded by a conference day during which Pascal Layan analysed the major post-COVID trends in the leasing market. Pascale Favre also participated in a roundtable discussion that addressed the lessons we learned from the pandemic.
BNP Paribas Leasing Solutions, European leader in professional equipment finance, announces the appointment of Mirco Fusari as Chief Financial Officer (CFO). He replaces Gianluca Masciadri who has been appointed the Chief Financial Officer of BNL. In his new role, Mirco will report directly to Isabelle Loc, Chief Executive Officer (CEO) of BNP Paribas Leasing Solutions.
Mirco Fusari, 46 years old, has 21 years of experience in the leasing industry.
After a first experience at an Italian bank, he joined BNP Paribas Leasing Solutions in 2000. During his initial years at BNP Paribas Leasing Solutions, he held various positions within the Finance department: in 2003, he was a part of the Accounting, Reporting and Regulatory Affairs team and the following year, he became the Head of ALM & Management Control. In 2009, he became Deputy CFO and handled the merger with BNL and Fortis for Finance.
In 2012 he was appointed CFO of the Italian branch of Leasing Solutions and a member of the local Executive Committee.
In 2017, he moved to France and became Head of Corporate Management Control within the Leasing Solutions Corporate Finance division. He is an Economics graduate from the University of Bologna.
Isabelle Loc, CEO of BNP Paribas Leasing Solutions said, “Over the years, Mirco has proven his numerous skills and has been a true asset to the Finance department. His expertise, his excellent knowledge of the business, his vision and his commitment will be priceless in implementing the ambitions of our métier.”
BNP Paribas Leasing Solutions, European leader in professional equipment finance, announces the appointment of Myriam Beque as Managing Director of the Bank Leasing Services International Business Line. She replaces Philippe Bricault who has been appointed the Deputy CEO of BNP Paribas Factor. In her new role, Myriam joins the Executive Committee of BNP Paribas Leasing Solutions and reports to Pascal Layan, Deputy Chief Executive Officer and Head of International Business Lines of BNP Paribas Leasing Solutions.
Myriam Beque, 56 years old, spent the initial years of her career on industrial restructuring programs, notably in the Arcelor group. She joined BNP Paribas in 2006 in the Midcap Structured Finance team where she supported executives in the financing of their acquisition projects.
In 2012, Myriam introduced a banking support approach for start-ups within and outside of France through the creation and development of We Are Innovation (WAI) networks.
In 2014, she launched business acceleration programmes and two centres for innovation: WAI Paris and Massy Saclay.
At the end of 2018, she created the Innovation and New Business Models department within the Business team for corporates of French Retail Banking, thereby developing the ‘Beyond Banking’ offers and approach for the markets like energy transition and digital transformation.
Myriam Beque is a graduate from the Ecole Centrale de Lyon.
Pascal Layan, Deputy Chief Executive Officer and Head of International Business Lines said, “Myriam’s holistic knowledge of the different business lines of the BNP Paribas Group will be a true asset in her new role where she will be working very closely with the banking division. I’m convinced that she has everything it takes to succeed in this strategic role and welcome her on behalf of everyone at BNP Paribas Leasing Solutions.”
BNP Paribas Leasing Solutions, European leader of professional equipment finance, announces the appointment of Isabelle Loc as Chief Executive Officer, with effect from 19th May 2021. She succeeds Charlotte Dennery, who becomes Chief Executive Officer of BNP Paribas Personal Finance.
Isabelle Loc will report to Thierry Laborde, Chief Operating Officer (COO) of the Retail Banking division of the BNP Paribas Group and will be responsible for pursuing the growth and development of BNP Paribas Leasing Solutions and for outlining and implementing its next Medium-Term strategic plan (2022-2025).
Thierry Laborde, COO of the Retail Banking division of the BNP Paribas Group said, “I would like to thank Charlotte Dennery for the strong momentum that she has built for BNP Paribas Leasing Solutions through the expansion and transformation of the business over the past six years. With her expertise and solid knowledge of the Group, Isabelle Loc has the necessary skills to continue accelerating the growth of a business that lies at the heart of the real economy.”
Isabelle Loc, 38 years, has been the Head of Real Assets, EMEA at BNP Paribas CIB since 2018 and has played a key role in advising and financing clients across the energy, natural resources, infrastructures, transportation and real estate sectors. Between 2018 and 2016, she was a Senior Banker in charge of BNP Paribas’ strategic clients. She first joined the BNP Paribas Group Paribas in 2010 within the Global Equity & Commodity Derivatives teams and was later appointed the Secretary of the Group’s Executive Committee in 2013. Isabelle Loc began her career at McKinsey & Company. She is a graduate from Ecole Polytechnique and from Columbia University.