Abag Finance Authority, Calif., to sell $54.31 million in bonds Thursday for Casa de la Campanas

By Sheri Kasprzak

New York, Jan. 8 - The Abag Finance Authority for Nonprofit Corporations of California plans to sell $54.31 million in series 2010 insured revenue bonds on Thursday, said a preliminary official statement. The bonds (A/BBB+) will be sold for Casa de la Campanas Inc., a retirement community in San Diego.

Cain Brothers Inc. is the senior manager.

The bonds are due 2010 to 2037.

Proceeds will be used to refund the corporation's series 2007 bonds as well as terminate a swap agreement related to those bonds.

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