Tesla deal pricing, secondary market growth seen in solar ABS

solar px230 for gc
By Sasha Padbidri
11 Dec 2017

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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