Cleco Securitization I LLC, founded in 2016 and based in Pineville, Louisiana, is a financial entity established to facilitate the securitization of cash flows from utility operations. The company primarily offers asset-backed securities, focusing on providing investors with opportunities tied to the utility sector's stable revenue generation.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| CNL 4.02% 2033-03-01 USDCleco Securitization I Llc | United States | 2033-03-01 | 4.016 | 4.44 |
| CNL 4.65% 2044-09-01 USDCleco Securitization I Llc | United States | 2044-09-01 | 4.646 | 5.06 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, Cleco Securitization I has issued bonds that leverage cash flows from Cleco Power LLC's regulatory assets. Notably, the company conducted its initial bond issuance in June 2016, raising significant capital for utility infrastructure improvements. The 2020 issuance, amounting to $250 million, featured a competitive yield that stood favorably against industry averages, attracting attention for its structured security backed by utility revenues and regulatory approvals.