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Green Bank markets “SHREC” solar ABS deal

Connecticut Green Bank is issuing a $38.6m solar deal backed by the proceeds from the sale of solar home renewable energy credits (SHREC).

  • By Jennifer Kang
  • 14 Mar 2019
The senior class ‘A’ notes were given a preliminary A minus rating by Kroll, while the class ‘B’ notes were given a preliminary triple-B minus rating. The SHREC program entails a Master Purchase Agreement between the Green Bank and Connecticut’s two investor-owned utilities, Eversource and United Illuminating. Under ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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1 Citi 3,691 11 20.69
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 8.77

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1 Citi 47,881.49 152 10.95%
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