First Solar-Panel Backed Bond Deal to Go to Market in Europe
- German renewable firm Enpal said to hold investor call today
- Deal backed by portfolio of €240 million solar panel loans
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Europe’s public debt market is set to get its first sale of a bond backed by solar-panel loans.
Germany’s Enpal is talking to investors today to market a deal backed by €240 million ($259 million) in German consumer loans created to purchase and install solar panels, according to a person familiar with the matter, who asked not to be identified because the information is private. The securitization deal will be via a special purpose vehicle called Golden Ray 1, and is expected to price next week, they said.