SolarCity sells third solar ABS

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By Matthew Scully
24 Jul 2014

SolarCity, which last November sold the market’s first solar asset backed security, sold a third deal this week of more than twice the size of its second issuance in April and four times the size of its inaugural transaction last year.

The new $201.5m securitization was sold through sole bookrunner Credit Suisse with triple-B plus ratings from Standard & Poor’s, investors told GlobalCapital on Tuesday. The deal’s price guidance was between 195bp-200bp, according to people familiar with the deal.

SolarCity in April disappointed credit investors and company shareholders with ...

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