Green Bond Fact Sheet

On 28-March-2018, PACE Funding Group issued a USD 50 million PACE ABS bond to finance residential property improvements focused on energy efficiency, water efficiency, and renewable energy. This represents the fourth PACE ABS issuer to enter the market.

• PACE Funding Group issued a USD 50 million PACE ABS bond on 28-Mar-2018 with a tenor of 4. The issuer is a finance company that utilizes the Property Assessed Clean Energy (PACE) model to provide funding to property owners for renewable energy installations or energy efficiency improvements.
• The proceeds of the bond are secured by a pool of residential PACE loans. These loans are used to finance property improvements specifically related to renewable energy installations, water efficiency, and energy efficiency.
• This issuance marks the fourth time a PACE ABS issuer has entered the market. The bond is not certified and does not have a second party opinion, green bond rating, or assurance report.

APA

Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-03_US_PACE%20Funding%20Group.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-03_US_PACE%20Funding%20Group.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=17 April 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-03_US_PACE%20Funding%20Group.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 = apr, url = {https://www.climatebonds.net/files/drupal-files/files/2018-03_US_PACE%20Funding%20Group.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }