Falcon closes debut US trade finance securitization
Boutique trade finance firm Falcon Group closed a debut dollar-denominated trade finance securitization on July 5, as part of the company’s funding diversification strategy.
Natixis was the sole initial purchaser of the $150m unrated transaction, according to a statement from Falcon. The deal is backed by cross-border multi-bank instruments.CFO Chris Howarth told GlobalCapital on Thursday that Falcon will use the proceeds of the securitization to provide trade finance to mid-cap ...
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