Loanpal preps first solar ABS since outbreak

Green bond
By Jennifer Kang
27 May 2020

Loanpal is bringing the first solar securitization to market since the Covid-19 outbreak. The deal is the first of several solar ABS lining up for the coming weeks, sources said, with at least two other 144A deals in the works.

As the ABS market thaws, the pace of issuance is starting to pick up, even among esoteric asset classes. The market restart this week extended to solar ABS, as California-based residential solar finance company Loanpal prepares to launch its third securitization to date.

“The market definitely went ...

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