The next offering of Renewable Funding is preparing its second securitization of Property Assessed Green Energy (PACE) bonds, according to Kroll Bond Rating Agency.

The deal, dubbed Golden Bear 2016-1, trust will issue a single, $122.9 million tranche of fixed-rate notes with preliminary ‘AA’ ratings from Kroll Bond Rating Agency. That’s on par with deals previously completed by two other PACE program administrators, Renovate America and Ygrene Energy.

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