The Deutsche Bank–led offering of $104 million of securities backed by Property Assessed Clean Energy (PACE) bonds issued by Western Riverside Council of Governments (WRCOG) priced today according to a person familiar with the deal.

The deal, HERO Funding Class A Notes, Series 2014-1 , issued a single tranche of 10-year notes, that are rated 'AA' by Kroll Bond Rating Agency. It priced at a coupon rate of 4.75%.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.