Natixis dominates Europe's bond market with €6 billion in November deals
The bond market stayed strong throughout 2019, with activity remaining high into November. A key driver was the European Central Bank’s Asset Purchase Program, which supported demand. During this period, Natixis played a leading role in several major bond transactions across Europe. Natixis took charge of multiple high-profile bond issues in November. The firm led the first Additional Tier 1 benchmark bond for Banque Postale, raising €750 million. This deal helped the bank optimise its capital structure and attract a wider range of investors.
The company also acted as joint bookrunner for BPCE’s €500 million Senior Preferred bond. Another key transaction was the inaugural green bond for CAFFIL, also valued at €750 million. Natixis further served as Global Coordinator, Green Structuring advisor, and joint bookrunner for CNP Assurances. The firm issued its first Tier 2 green subordinate bond, again worth €750 million. Additionally, Natixis supported RCI Bank’s debut Subordinate Tier 2 Basel 3 bond, which raised €850 million. In the covered bond sector, Natixis led operations for major institutions. These included CRH (€1 billion), DZ HYP (€500 million), Caixa Economica Montepio Geral (€500 million), UniCredit Bank (€1 billion), and Bankia (€750 million). Over the month, the firm completed around a dozen landmark bond issues across different financial sectors.
Natixis reinforced its position as a key player in the European bond market during November. The firm’s involvement in green bonds, capital optimisation deals, and large-scale covered bond operations highlighted its ability to innovate. These transactions also reflected the broader market’s resilience, supported by the ECB’s ongoing asset purchase measures.
