Northvest 2 Transaction awarded with 2017 Securitization Deal of the Year Award
The Northvest 2 Portfolio was awarded the „Marine Money Deal of the Year 2017 Award“. The prize was issued in the „Securitization“ category. Marine Money especially singled out the billion-euro in ship financing, which was part of the transaction.
Caplantic and Nord/LB jointly undertook the structuring and placement of the Northvest 2 transaction. Furthermore, Caplantic has been mandated with the continuous reporting and risk management of the transaction. NORD/LB operated as lead arranger in the Northvest 2 transaction.
The Marine Money Deal of the Year Award is given by Marine Money – one of the most important information networks in the shipping sector. The annual award for the „Deals of the Year“ ranks as a prestigious and recognisable distinction in the global ship financing industry.
The Northvest 2 transaction is based on a reference portfolio of around 4,300 high-quality loans with a total volume of EUR 10.1 billion. The portfolio contains credit risks from the asset classes of renewable energies, infrastructure, aircraft and German medium-sized businesses. Likewise, ship financings were securitised for the first time, within the scope of the Northvest 2 transaction, in a volume of circa. EUR 1.0 billion. This is the biggest securitisation of shipping credits placed on the market in the recent past.
With total assets of € 175 billion, NORD/LB Norddeutsche Landesbank is one of Germany’s leading merchant banks. Its core business segments include structured finance in the energy and infrastructure sector, ship and aircraft finance, corporate client business, commercial real estate finance, capital market business and private and commercial client business. The bank has headquarters in Hanover, Braunschweig and Magdeburg as well as offices in Düsseldorf, Hamburg, Munich, Schwerin and Stuttgart. Outside Germany, NORD/LB is active in Luxembourg with a covered bond bank (NORD/LB Covered Bond Bank) and also has offices in London, New York, Singapore and Shanghai.