Green Bond Fact Sheet

This fact sheet details a USD 75 million private placement PACE ABS issued by Greenworks Lending on September 25, 2017, marking the first securitisation of commercial property assessed clean energy (C-PACE) assets in the USA.

• Greenworks Lending issued a USD 75 million private placement PACE ABS on September 25, 2017, which is identified as the first C-PACE securitisation.
• The proceeds of the securitisation are exclusively backed by US commercial PACE assets, which finance energy efficiency and renewable energy upgrades—such as solar-panel installations—for property types including hospitals, manufacturing facilities, and office buildings.
• The bond received a credit rating of AA from Morningstar Credit Rating, and TIAA Investments served as the lead investor.

APA

Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2017-09%20US%20Greenworks%20Lending.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2017-09%20US%20Greenworks%20Lending.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=26 June 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2017-09%20US%20Greenworks%20Lending.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2018}, month = jun, url = {https://www.climatebonds.net/files/drupal-files/files/2017-09%20US%20Greenworks%20Lending.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }