ABAG Finance, Calif., readies $53.09 million refunding bond offering

By Sheri Kasprzak

New York, May 2 - The ABAG Finance Authority for Nonprofit Corporations of California plans to price $53,085,000 of series 2013 revenue refunding bonds for Eskaton Properties Inc., according to a preliminary official statement.

The bonds (/BBB/) will be sold on a negotiated basis with Cain Brothers Inc. as the senior manager.

The bonds are due 2013 to 2023 with a term bond due in 2035.

Proceeds will be used to refund the corporation's series 2008B variable-rate revenue refunding bonds.

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