Solar ABS appeals to investors as Covid impact muted

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By Richard Metcalf
30 Jun 2020

Residential solar finance company Mosaic’s foray into the recently reopened asset-backed securitization market was well received by investors, reaping a multiple-times oversubscribed order book, in part thanks to data that shows the pandemic having a limited impact on solar loans.

The $280m deal — dubbed Mosaic Solar Loans 2020-1 — was placed with more than 25 institutional investors, including nine that had not previously participated in Mosaic ABS deals.

“Our ability to securitize solar loans in this challenged market environment is a vote of confidence in solar energy ...

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