.png){kind=logo}
GC Asia
Natixis wriggles off capital hook with BPCE backing
Natixis looks set to escape most of the capital raising or deleveraging needed by its French peers, thanks to generous support from group parent BPCE.
It is raising 200bp of core tier one through a manoeuvre it calls "P3CI". BPCE is guaranteeing Natixis’s exposure to the group’s co-operative investment certificates, which are risk-weighted at 370%. This means Natixis can bring risk weighted assets down by €25.6bn.
The transaction also allows Natixis to repay €2.3bn ...Already a subscriber? Login
-
Latest news from FIG
-
MuHyp goes long in covereds
15 Jan 2021 -
Société Générale taps Swissies for bail-in paper
15 Jan 2021 -
ECA invites EU legislators to address ‘shortcomings’ in bank crisis rules
15 Jan 2021 -
RBC keeps it tight after super-subs cash in
15 Jan 2021 -
BOC Aviation flies with $400m bond
15 Jan 2021
-
-
Latest news from FIG
-
MuHyp goes long in covereds
15 Jan 2021 -
Société Générale taps Swissies for bail-in paper
15 Jan 2021 -
ECA invites EU legislators to address ‘shortcomings’ in bank crisis rules
15 Jan 2021 -
RBC keeps it tight after super-subs cash in
15 Jan 2021 -
BOC Aviation flies with $400m bond
15 Jan 2021
-
