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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 1,505.59 4 23.86%
2 SG Corporate & Investment Banking 1,292.64 1 20.48%
2 Rabobank 1,292.64 1 20.48%
4 BNP Paribas 598.25 2 9.48%
5 TD Securities Inc 241.54 1 3.83%