Natixis, Swiss Life sign EUR 300m infrastructure debt agreement

French investment bank Natixis and insurance major Swiss Life have signed a EUR-300-million (USD 328m) infrastructure debt cooperation agreement and launched their first deal to co-finance an offshore wind project.

Swiss Life is a major player in insurance and wealth management in Switzerland, France, Germany and Luxembourg. Investment in the infrastructure asset class will help the insurer to diversify its portfolio while keeping its risk and yield profile in line with targets.

On the other hand, the partnership will enable Natixis to further expand its infrastructure debt platform and hence bolster its infrastructure financing capacities in Europe, the bank said in a statement.

Natixis is the international corporate, investment, insurance and financial services arm of BPCE group, the second-largest banking group in France

(EUR 1 = USD 1.095)

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