First solar ABS looks to pay dividends

Category: ABS

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Dividend Finance is in the market with its first term ABS securitisation collateralised by secured residential consumer solar loans. The transaction, Dividend Solar Loans 2017-1 (see SCI's deal pipeline), will issue three classes of notes in an aggregate principal amount of US$128.95m.

Kroll Bond Rating Agency has assigned a preliminary rating of single-A to the US$115.376m

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