Mosaic prices solar securitization

Residential solar finance company Mosaic priced its first securitization of 2018 this week. The offering follows the recent departure of the firm's head of capital markets.

  • By Max Adams
  • 12 Apr 2018

The Oakland, California-based company priced the $235.25m deal via Deutsche Bank and BNP Paribas. Spreads on the $195.75m senior ‘A’ class came in at 130bp over interpolated swaps, 20bp tight of the 150bp area floated at price guidance.

The class ‘B’ notes were priced to yield 5.4%, ...

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4 Lloyds Bank 2,213 9 7.03
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