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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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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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1 Citi 2,007 6 18.96
2 BNP Paribas 1,434 4 13.55
3 Goldman Sachs 1,392 3 13.15
4 Barclays 1,097 2 10.37
5 Morgan Stanley 1,094 2 10.34

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1 Citi 18,228.90 62 10.55%
2 JPMorgan 17,535.24 47 10.14%
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4 Bank of America Merrill Lynch 15,717.90 52 9.09%
5 Barclays 12,370.12 42 7.16%