Renovate America has priced its fourth securitization this year of Property Assessed Clean Energy (PACE) bonds, in a $292 million deal that capped a near doubling of its investor base since the year began.

The transaction, Hero Funding 2016-4, will issue a 3.57% coupon on a $140 million, Series A-1 tranche, and a 4.29% coupon the Class A-2 notes sized at $143.63 million. Both carry final ‘AA’ ratings from Kroll Bond Rating Agency.

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