Chicago, March 8 – France Titrisation sold €2 billion of notes in a securitized transaction collateralized by loans to French micro, small and medium-size enterprises, according to a pre-sale report.
The notes being issued by FCT Lafayette 2021, due April 30, 2048, include €1.4 billion of 0.15% class A notes and €600 million of 0% class B notes.
The transaction includes an 18-month revolving period.
BNP Paribas SA is the arranger.
France Titrisation is part of BNP Paribas.
| Issuer: | FCT Lafayette 2021
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| Amount: | €2 billion
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| Maturity: | April 30, 2048
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| Securities: | Fixed-rate notes
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| Structure: | Cash flow CLO
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| Placement agent: | BNP Paribas SA
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| Manager: | France Titrisation
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| Settlement date: | Feb. 26
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| Class A notes
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| Amount: | €1.4 billion
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| Securities: | Fixed-rate notes
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| Coupon: | 0.15%
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| Rating: | DBRS: AA
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| Class B notes
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| Amount: | €600 million
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| Coupon: | 0%
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| Securities: | Fixed-rate notes
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