Securitisation Award 2020

The Securitisation Award recognises outstanding achievement, a transaction, initiative or organisation that had a significant positive contribution to or impact on the (Dutch) securitisation market in 2019/2020.

At the Securitisation Event 2020, March 26st in Amsterdam, participants will determine this year’s winner by popular vote. Nominees will each get the chance to pitch their motivation why they should win the prestigious Securitisation Award 2020.

Three initiatives have been nominated by our independent advisory board. The nominees for 2020 are…

Goldman Sachs

River Green Finance 2020 / Green French CMBS 

This Green transaction may contribute to a new era in the Dutch securitisation market.

“ The Transaction marks a first green bonds European CMBS issuance, as it is expected to comply with the ICMA Green Bond Principles. The Transaction is backed by a single campus-style office property named River Ouest built by HRO Group in 2009. The underlying single property “River Ouest” was awarded the Building Research Establishment Environmental Assessment Method (BREEAM) “Very Good” certificate on 215 January 2017. And the property also received a certification by Haute Qualite Environnementale (HQE), a French green building standard, since 2010, and which was updated on 28 January 2019. Lastly, Sustainalytics provided a second-party opinion, dated November 2019. They concluded, inter alia, that the Issuer River Green Bond Framework is credible and impactful and aligns with the four core components of the ICMA Green Bond Principles; that the Property’s energy efficient features are aligned with UN Sustainable Development Goal 11 (Sustainable Cities and Communities).”

Credit Agricole

Magoi – off balance sheet / capital relief consumer loans

This transaction has further developed the ABS programme.

“With the Magoi transaction, Credit Agricole has further developed their Dutch Consumer ABS programme by joining the emerging trend in Europe to offer the whole capital structure of ABS’s. This provides a major further step in the process to revigorate the European securitisation market.”

Domivest – Domi 2019-1

Domi 2019-1, first but-to-let transaction.

Domi 2019-I was a remarkable transaction for several reasons:

• • “It was the first buy-to-let transaction from the Domivest platform and also the first of this RMBS type out of the Dutch market that offered the most junior notes to investors
  • The transaction was a new boost to the emerging Dutch buy-to-let RMBS market, which had seen only one sponsor of such transactions before Domi’s arrival. Successful marketing resulted in a strong orderbook for all tranches.
  • This positive outcome was a reward for the founders of the company, that had the vision to set-up a buy-to-let platform in an underserved market and to use securitisation as a very efficient funding tool’’

Geplaatst op: 13 februari 2020