Sunrun preps solar ABS offering as pace of issuance picks up

Residential solar installer Sunrun is preparing to launch an asset-backed securitization in the next few weeks after a spurt of offerings from competitors.

  • By Richard Metcalf
  • 08 Nov 2018

The company is “well underway” with the transaction, said Ed Fenster, one of the company’s co-founders and its executive chairman, on an earnings call on November 7.

Subordinated debt and project equity offerings could follow the senior bonds, he added. “We expect to accelerate the pace of ABS ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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1 Citi 118,616.77 341 11.09%
2 Bank of America Merrill Lynch 94,721.79 272 8.85%
3 JPMorgan 92,612.23 269 8.66%
4 Wells Fargo Securities 82,597.19 239 7.72%
5 Credit Suisse 70,475.74 184 6.59%