Sean Kidney
US company SolarCity (NASD:SCTY)
has priced
a solar bond backed by cash flows from a pool of 6,596 mainly
residential solar panel systems and power purchase agreements in
California, Arizona, and Colorado.
Expected bond figure is $70.2
million, but the bond doesn’t
close until Thursday this week. Interest rate is 4.59%. Credit Suisse is
structurer and sole bookrunner.
This is SolarCity’s second solar securitization in six months. Their
previous
(ground-breaking) bond was for $54.4 million with an interest
rate of 4.8% – but 13 year tenor.
http://www.altenergystocks.com/archives/2014/04/solarcitys_second_solar_ leasebacked_bond_closes_thursday_1.html
No comments:
Post a Comment