SF market round-up: BNP Paribas builds infrastructure

In the latest example of the growing focus on infrastructure opportunities in the ABS market, BNP Paribas has formed a specialized product group in its fixed income securitization business.

The group will focus on ABS opportunities across the infrastructure, energy, project and commodity sectors.

It is no surprise that BNP Paribas has made this move given its strong project finance franchise. Global head of securitization Tim Drayson has been looking to exploit the synergies between the two franchises for some time. “There is now a desire to look at real financial alternatives for infrastructure,” he told Euromoney in June this year. “Securitization can tranche the risks and makes judicious use of monolines and the CDS market in the trades.

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