Dividend prices inaugural ABS deal

By Max Adams
02 Oct 2017

Dividend Solar priced its first solar ABS transaction at the end of last week, as market chatter around the asset class increases on the back of rumors of more issuance during last month’s ABS East industry conference.

The $128.95m transaction was priced to yield 4.084% for the senior ‘A’ tranche. The ‘B’ class yielded 5.308% while the class ‘C’ bonds were priced to yield 7.103%. All classes were priced at par. Credit Suisse was the sole lead manager on the deal.

The deal ...

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