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Natixis designs the very first green structured note traded on the French market
Natixis expands its range of green investment solutions offered to investors and issues the first green structured note to a European insurer. This innovation is part of Natixis' strategic plan: accelerate the development of its solutions business, particularly in capital markets, and become a key player in the green finance market.
The structured note "OAT 2039 Green Repack" is a repackaging of the first green OAT issued by Agence France Trésor, allowing the coupon to be adapted to investors' needs. It was independently reviewed by the extra-financial rating agency Vigeo Eiris, which confirmed that it is indeed a green structured note. It should be noted that the agency had already provided the "second party opinion" on the green character of the OAT when it was issued in January 2017.
This solution not only offers green & SRI* investors structured solutions that are compatible with their investment constraints, but also enables to increase traditional structured note investors awareness on green structured solutions.
Luc François, Head of Global Markets, said: "This first structured green rating confirms Natixis' ability to innovate and create green investment solutions for its clients that meet their needs. It is the first in a series of upcoming innovations for the benefit of our client investors."
*Socially Responsible Investing
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Luc François
Global Head of Global Markets, Corporate & Investment Banking, Natixis
Luc François is the Global Head of Global Markets at Natixis' Corporate & Investment Banking division. He started his career in 1986 at IBM, before joining...
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About Natixis
Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE’s networks. Listed on the Paris stock exchange, Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €11.1 billion, a Basel 3 CET1 Ratio(1) of 11.5% and quality long-term ratings (Standard & Poor’s: A+ / Moody’s: A1 / Fitch Ratings: A+).
(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in. See note on methodology in the 2Q19 earnings material.
Figures as at 30 June 2019