Dividend Solar closes second ABS offering

Residential solar lender Dividend Solar has closed its second solar securitization.

  • By Fotios Tsarouhis
  • 24 Apr 2018

Credit Suisse was sole structuring agent and bookrunner on the $104.66 million issuance, with Citi acting as co-manager.

The loan-backed deal comprised a $25.34m class 'A' tranche, a $66.4m 'B' tranche, a $6.6m 'C' tranche and a $6.32m D tranche, which Kroll Bond Rating Agency rated AA, A, BBB and BB, respectively.

...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,734.72 129 10.87%
2 JPMorgan 33,785.84 96 9.02%
3 Wells Fargo Securities 31,464.27 90 8.40%
4 Bank of America Merrill Lynch 29,270.38 93 7.81%
5 Credit Suisse 23,189.41 72 6.19%