Renovate brings PACE ABS as US interest overshadows Europe

Renovate America is in the market this week with its third and final Property Assessed Clean Energy (PACE) securitization of the year, as the company eyes less participation from European buyers given a surge of interest in green ABS in the US in 2017.

  • By Sasha Padbidri
  • 27 Nov 2017
Over this year and in 2016, PACE ABS issuers have said they expect participation from European buyers to grow, as demand for green bonds across the continent increases. However, executives at Renovate America told GlobalCapital that the number of European buyers on future deals is expected to be limited as ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,296 9 12.88
2 BNP Paribas 3,026 10 9.07
3 Bank of America Merrill Lynch (BAML) 2,824 9 8.46
4 Lloyds Bank 2,213 9 6.63
5 Credit Agricole 2,025 6 6.07

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 45,536.99 131 11.48%
2 Bank of America Merrill Lynch 42,332.13 117 10.67%
3 Wells Fargo Securities 33,822.43 98 8.53%
4 JPMorgan 31,087.25 89 7.84%
5 Credit Suisse 24,807.99 61 6.25%