By Sheri Kasprzak
New York, Oct. 7 - The ABAG Finance Authority for Nonprofit Corporations of California sold $62.2 million of series 2011 revenue refunding bonds, said a pricing sheet.
The bonds (/BBB+/) were sold through B.C. Ziegler and Co.
The bonds are due 2012 to 2016 with term bonds due in 2022, 2024, 2026, 2031 and 2041. The serial coupons range from 3% to 5%. The 2022 bonds have a 5.25% coupon priced at 98.388, and the 2024 bonds have a 5.375% coupon priced at 97.525. The 2026 bonds have a 6.125% coupon priced at 102.371. The 2031 bonds have a 6% coupon priced at 98.403, and the 2041 bonds have a 6.125% coupon priced at 97.652.
Proceeds will be used to finance capital improvements to the senior living facilities operated by Episcopal Senior Communities, as well as to refund existing certificates of participation.
| Issuer: | ABAG Finance Authority of Nonprofit Corporations
|
| Issue: | Series 2011 revenue refunding bonds
|
| Amount: | $62.2 million
|
| Type: | Negotiated
|
| Underwriter: | B.C. Ziegler and Co.
|
| Rating: | Standard & Poor's: BBB+
|
| Pricing date: | Oct. 7
|
| Settlement date: | Oct. 27
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $610,000 | 2012 | Serial | 3% | 100.164
|
| $920,000 | 2013 | Serial | 4% | 101.456
|
| $960,000 | 2014 | Serial | 4% | 101.904
|
| $995,000 | 2015 | Serial | 5% | 105.023
|
| $1.045 million | 2016 | Serial | 5% | 104.656
|
| $7.52 million | 2022 | Term | 5.25% | 98.388
|
| $3.07 million | 2024 | Term | 5.375% | 97.525
|
| $3.42 million | 2026 | Term | 6.125% | 102.371
|
| $10.53 million | 2031 | Term | 6% | 98.403
|
| $33.13 million | 2041 | Term | 6.125% | 97.652
|
© 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.
