ABAG Finance Authority, Calif., to sell $62.19 million of revenue refunding bonds

By Sheri Kasprzak

New York, Sept. 19 - The ABAG Finance Authority for Nonprofit Corporations of California is expected to come to market with $62.19 million of series 2011 revenue refunding bonds for the Episcopal Senior Communities, according to a preliminary official statement.

The bonds (BBB+) will be sold on a negotiated basis with Ziegler Capital Markets LLC as the underwriter.

The bonds are due 2012 to 2022 with term bonds due 2026, 2031 and 2041.

Proceeds will be used to finance capital improvements to the senior living facilities operated by the Episcopal Senior Communities, as well as to refinance existing certificates of participation.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.