Green ABS ripens with PACE secondary growth

An active secondary market has sprouted in the residential Property Assessed Clean Energy (PACE) ABS sector after two years of watershed growth. A growing volume of tradeable assets is expected in 2018. But the outlook is not so rosy for every area of green securitization, writes Sasha Padbidri.

  • By Sasha Padbidri
  • 07 Dec 2017

Meanwhile in solar ABS, primary deal volume could remain limited until the challenge of securitizing commercial and industrial-scale solar assets can be cracked.

The residential PACE ABS sector is a fast growing corner of secondary market dealflow in esoteric ABS. According to data provided by industry insiders, the first ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,016 8 13.39
2 BNP Paribas 2,515 9 8.38
3 Bank of America Merrill Lynch (BAML) 2,411 8 8.04
4 Lloyds Bank 2,213 9 7.38
5 Societe Generale 1,927 4 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 33,837.03 97 11.20%
2 Bank of America Merrill Lynch 30,258.56 84 10.02%
3 Wells Fargo Securities 26,396.68 73 8.74%
4 JPMorgan 22,919.96 68 7.59%
5 Credit Suisse 19,628.51 45 6.50%