Through securitisation our clients have access to large amounts of debt secured by assets. We structure this debt and place part or all of it in the capital markets. Our work is to ensure that the debt’s financial structure and the issuer’s legal structure attract the widest possible Euro or Sterling investor base in order to offer our clients the best possible financing.
At the beginning the team mainly financed the securitisation of operational assets for car, aircraft or train leasing companies that needed to raise substantial debt in order to finance their fleets. The team’s activity then widened to project bonds* to finance infrastructure projects (motorways, harbours, subways, hospitals…) and energy projects (electricity networks, gas facilities, solar farms…).
The issues are the same for asset securitisation and project bonds: to create debt structures secured by assets that are sufficiently isolated from the operational company or the project’s sponsor to obtain a better rating and greater liquidity in the markets.
*Project financing through bond debt