Reported 24 days ago
Tesla Inc. has successfully issued $499 million in bonds secured by loans for solar equipment purchases, amid strong demand. Deutsche Bank managed the five-tranche deal, which received investment-grade ratings from Fitch. This move marks Tesla's re-entry into solar asset-backed securities after focusing on vehicle leases and auto loans for recent bond issuances. The surge in solar-related debt reflects the growing interest in asset-backed securities, despite challenges in the solar market due to rising interest rates.
Source: YAHOO