New Issue: ABAG Finance, Calif., prices $60.29 million bonds for Jackson Laboratory

By Sheri Kasprzak

New York, Oct. 11 - The ABAG Finance Authority for Nonprofit Corporations of California priced $60.29 million of series 2012 revenue bonds for the Jackson Laboratory, said a term sheet.

The bonds (A1) were sold through Bank of America Merrill Lynch.

The bonds are due 2013 to 2032 with a term bond due in 2037.

Proceeds will be used to refund a portion of the corporation's series 2007 bonds.

Issuer:	ABAG Finance Authority for Nonprofit Corporations/Jackson Laboratory
Issue:	Series 2012 revenue bonds
Amount:	$60.29 million
Type:	Negotiated
Underwriter:	Bank of America Merrill Lynch (lead)
Rating:	Moody's: A1
Pricing date:	Oct. 11
Settlement date:	Oct. 24
Amount	Maturity	Type	Coupon	Price
$990,000	2013	Serial	2.5%	101.402
$1.17 million	2014	Serial	3%	103.71
$1.19 million	2015	Serial	4%	108.124
$1.55 million	2016	Serial	4%	110.331
$1,615,000	2017	Serial	5%	116.32
$1,695,000	2018	Serial	5%	118.049
$1.78 million	2019	Serial	5%	119.098
$1,865,000	2020	Serial	5%	119.697
$1.96 million	2021	Serial	5%	119.925
$2,055,000	2022	Serial	5%	120.24
$2.16 million	2023	Serial	5%	118.921
$2,265,000	2024	Serial	5%	117.711
$2,385,000	2025	Serial	3%	98.027
$2.45 million	2026	Serial	5%	116.425
$2,575,000	2027	Serial	5%	115.788
$2.71 million	2028	Serial	3.25%	97.116
$2,795,000	2029	Serial	5%	114.706
$2,935,000	2030	Serial	3.5%	98.568
$3,035,000	2031	Serial	3.5%	97.712
$3,145,000	2032	Serial	3.5%	97.217
$17,965,000	2037	Term	5%	110.926

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