BNPP AM, Natixis sell CPPI with wide tastes, 6% spread

  • 09 Mar 2007

BNP Paribas Asset Management has developed an innovative credit constant proportion portfolio insurance (CPPI) fund called Parflex, with notes rated Aaa by Moody's that pay an unrated target yield of Libor plus 600bp.

Natixis, which is arranging the deal, expects to sell between Eu200m and Eu300m of notes when ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 98,544.62 277 13.26%
2 Bank of America Merrill Lynch 90,698.73 264 12.20%
3 Wells Fargo Securities 70,282.48 216 9.45%
4 JPMorgan 51,967.93 167 6.99%
5 Credit Suisse 41,545.25 126 5.59%