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NATIXIS Pfandbriefbank AG finances a €90 million pfandbrief-eligible and sharia-compliant mortgage loan

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Corporate & Investment Banking
EMEA
Germany
Real Estate
Real Assets
Islamic Finance
Londres, Royaume-Uni, June 8, 2016

NATIXIS Pfandbriefbank AG, a 100% direct subsidiary of Natixis specialized in real estate financing, has provided a 5-year €90 million sharia-compliant mortgage loan to a London-based investment company managing a fund for Middle East investors.

NATIXIS Pfandbriefbank AG acted as Arranger and Sole Underwriter on a non-recourse financing which was structured to be both eligible for Pfandbrief refinancing and compliant with Sharia requirements. In this transaction, the NATIXIS Pfandbriefbank AG was counselled by Norton Rose Fulbright LLP.

The ultimate purpose of the loan is to partly finance the investment costs related to the acquisition of an office property located in Frankfurt, Germany. The rd. 44,000 large square meters property is almost fully let to a German blue chip company with a 10-year lease.

Natixis also advised the investment company on the Sharia structure and acted as agent on the purchase and on-sale of commodities (Murabaha).

About NATIXIS Pfandbriefbank AG

NATIXIS Pfandbriefbank AG is a subsidiary of Natixis S.A., which is a company of Groupe BPCE. NATIXIS Pfandbriefbank AG issues Mortgage Pfandbriefe to refinance its commercial real estate loan business.

The Mortgage Pfandbriefe are rated by Moody's with Aaa.

Figures as at September 30, 2015

Attachment

NATIXIS Pfandbriefbank AG finances a €90 million pfandbrief-eligible and sharia-compliant mortgage loan

June 8, 2018

NATIXIS Pfandbriefbank AG finances a €90 million...

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About Natixis

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 over 16,000 employees across 36 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE’s networks. Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €12.4 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.

Figures as at 30 June 2021

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