Vivint prices debut solar securitization

Vivint Solar has priced its first asset-backed securitization, a $466m offering backed by a multi-state portfolio of residential solar assets, with the vast majority of the cash flows coming from power purchase agreements (PPAs).

  • By Fotios Tsarouhis
  • 06 Jun 2018

Credit Suisse and Citi were the bookrunners on the deal, which is backed by leases and hedged solar renewable energy credit (REC) agreements in addition to the PPAs.

This year’s three earlier solar ABS issuances — from the New York State Energy Research and Development Authority, Mosaic and Dividend Solar — were all secured on ...

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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 15,256 32 17.31
2 Bank of America Merrill Lynch (BAML) 9,637 29 10.93
3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 130,010.09 379 11.12%
2 Bank of America Merrill Lynch 104,113.90 304 8.90%
3 JPMorgan 102,778.33 300 8.79%
4 Wells Fargo Securities 93,728.92 276 8.01%
5 Credit Suisse 76,904.09 209 6.58%