Residential solar specialist Enpal, M&G tee up warehouse facility
Enpal and M&G's move comes at a complex moment for securitizations backed by energy infrastructure and home efficiency equipment.
Green bonds
A $12 billion climate fund wraps up its first bond sale
The issuance marks the first time a multilateral climate fund is turning to the capital markets, as cash-strapped developed nations balk at providing the funds needed to cut greenhouse gas emissions.
T. Rowe says green bonds are becoming less appealing for US issuers
The "greenium" spread is not economically feasible for bond issuers anymore, T. Rowe Price's Matt Lawton said.
Adani Green’s dollar bond may be revived by mid-2025
The renewables firm also plans to raise as much as $500 million by February via banks or a private placement in the offshore market.
The $280 billion climate bond market that isn’t working
Sustainability-linked bonds (SLB) make up roughly $280 billion of issuance and can play an enormous part in transitioning the world economy.
Barclays CEO says ‘wavering strength’ hurting net zero shift
The global shift to a low-carbon world will be "long, hard and complex," but Barclays's commitment is unwavering.
Frontier Communications to sell $1 billion fiber-backed bond
The company will use some of its fiber-optic network and associated customer contracts in the Dallas area to back a bond issue that will refinance some of the company's existing debt and finance a network expansion.
Green bonds take big lead over fossil-fuel debt deals
Almost $350 billion was raised from green bond sales and loan arrangements in the first half of this year, compared with less than $235 billion of oil, gas and coal-related financing.
GoodLeap prepares to issue $305.9 million in solar-related home improvement loans
GoodLeap 2023-2 has loans with fewer 25-year terms and higher FICO scores generally. Together, they'll have lower expected loss rates than those with longer terms and lower FICO scores.
The boom times for ESG debt look over
Arrangers and analysts aren't predicting a return to the exponential growth of the past decade that turned a fringe concept into a $5.6 trillion asset class.
Wall Street landlords want to rent you a greener suburban house
The single-family rental industry is slowly making its homes more energy-efficient. About 21% of total US energy consumption last year came from residential energy use.
A $180 billion green-debt boom grows faster than its impact
A growing chorus of auditors, researchers and climate activists warn that the numbers provided by bankers offer an exaggerated picture of their role in fighting climate change.
Toyota Auto Receiveables Trust floats $1.2 billion through Green Bond program
Citigroup Global Markets is lead underwriter on the fourth issuance through Toyota’s ABS Green Bond program. The deal references two potential pools to be securitized.
California draws Wall Street bond pitches for clean car goals
JPMorgan Chase and Loop Capital Markets have submitted pitches suggesting ways to structure $1 billion of bonds that Governor Gavin Newsom proposed to build vehicle charging stations
Why Fannie Mae’s appetite for green single-family loans is growing
Issuance of securitizations backed by these loans is becoming more dependable, and Fannie will need more mortgages that finance newly-built energy-efficient homes to keep it going.
The sustainable debt market has become unsustainable
The European Union's first social bond sale, totaling 17 billion euros, was 14 times oversubscribed, meaning the EU could have sold 200 billion euros worth of bonds. That indicates a market that’s structurally underserved.
Fannie Mae’s new single-family MBS stamped ‘light green’ by Cicero
After receiving a third-party stamp of approval, Fannie Mae announced July 27 completing the latest two issuances of a single-family green mortgage backed security as part of an ongoing program that started in April and expands its long-time multi-family green MBS program.
By
John Hintze
Things are looking bright (enough) for solar finance ABS
Recent good fortunes for lenders such as Loanpal and Sunnova reflect what will could be a solid year for solar-panel loan originations and securitizations, despite the economic impact of the coraonvirus pandemic on markets and consumer spending.
PACE provider’s new business model requires better funding strategy
PACE Funding Group, based in Los Gatos, Calif., recently obtained a $55 million line of credit from SunTrust Bank and Rosemawr Management and is gearing up for its second securitization later this year.
New York authority issuing $18.5M in solar-panel financing bonds
The New York State Energy Research and Development Authority is marketing its fifth transaction financing local residential solar-panel installations; all of the notes carry an A rating from Kroll.
By
Glen Fest
Load More
Couldn’t load more articles. Try again.