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 BNP Paribas 10,542 20 18.00
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.42
3 Citi 5,130 13 8.76
4 JP Morgan 4,681 6 7.99
5 Lloyds Bank 3,389 13 5.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 71,276.88 203 11.43%
2 Bank of America Merrill Lynch 61,036.24 167 9.79%
3 Wells Fargo Securities 49,686.14 144 7.97%
4 JPMorgan 48,878.75 140 7.84%
5 Credit Suisse 38,577.47 96 6.19%