{"id":19739,"date":"2011-08-18T01:45:00","date_gmt":"2011-08-17T23:45:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/innovation\/natixis-successfully-arranged-and-placed-e150-million-catastrophe-bonds-for-erdf\/"},"modified":"2011-08-18T01:45:00","modified_gmt":"2011-08-17T23:45:00","slug":"natixis-successfully-arranged-and-placed-e150-million-catastrophe-bonds-for-erdf","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/innovation\/natixis-successfully-arranged-and-placed-e150-million-catastrophe-bonds-for-erdf\/","title":{"rendered":"Natixis successfully arranged and placed \u20ac150 million catastrophe bonds for ERDF"},"content":{"rendered":"<p class=\"post_excerpt\">Natixis successfully closed the arrangement and placement, as sole arranger and joint bookrunner, of a French windstorm risk transfer transaction for ERDF (Pylon II Ltd.)<\/p>\n<p><!--more--><br \/>\nThis deal is a key step of Natixis\u2019 product range development in<br \/>\nthe risk transfer space (catastrophe bonds) for its client base of insurers and corporates.<\/p>\n<p>This innovative transaction provides ERDF\u2019s aerial distribution network with protection against the risk of a large windstorm in France. 150 million euros of risk are transferred to capital markets via two classes of notes rated B+ (65M\u20ac) and B- (85M\u20ac).<\/p>\n<p>The deal covers five consecutive years and matures in May 2016. Issuance spread was set at 550 basis points over Euribor for the B+ rated notes and 900 basis points for the B- rated notes. <\/p>\n<p>Despite a challenging market environment, Natixis successfully placed the transaction via its sales force. Since 2003, Natixis strengthens, as arranger or joint bookrunner, its leadership in Eurodenominated<br \/>\ncatastrophe bond issuances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Natixis successfully closed the arrangement and placement, as sole arranger and joint bookrunner, of a French windstorm risk transfer transaction for ERDF (Pylon II Ltd.)<\/p>\n","protected":false},"author":20,"featured_media":19737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1471],"tags":[1748,1687,1867,1673,1671,1681,1674,1711,1437,1677],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/19739"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=19739"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/19739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/19737"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=19739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=19739"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=19739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}