Falcon Group has announced the completion of a US$150M securitization of cross-border multi-bank instruments. Natixis, the international corporate, asset management, insurance and financial services arm of Group BPCE, acted as the sole initial purchaser. Falcon will use the additional funding capacity to provide trade finance to mid-cap and large companies.
Chris Howarth, CFO of Falcon Group, comments: “As the first securitization of cross-border multi-bank instruments, this is an unprecedented transaction for the trade finance market. Not only does this deal demonstrate the strength of our business model and financial performance, but also our commitment to innovation. And it reflects our confidence in the continued growth of Falcon’s global trade finance business.”