Tesla deal pricing, secondary market growth seen in solar ABS
Tesla priced the latest securitization from its SolarCity subsidiary last Friday, pushing total solar ABS volume beyond $1.5bn in 2017 as secondary market activity begins to build.
Citi andCredit Suissewere the bookrunners on the $130.91m offering, pricing the $99.02m ‘A’ notes at 185bp over interpolated swaps on December 8, 15bp tighter than the issuer's last offering in November.The $31.89m ‘B’ tranche was priced to yield 7%, compared with 7.75% on the ...
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