ABAG Finance defeases $55.49 million Children’s Hospital Oakland bonds

By Marisa Wong

Madison, Wis., June 20 – ABAG Finance Authority for Nonprofit Corporations gave notice that it defeased $55.49 million of outstanding series 2007A refunding revenue bonds issued for the Children’s Hospital & Research Center at Oakland, Calif., on June 19.

The authority said that it deposited with escrow agent Bank of New York Mellon Trust Co., NA funds sufficient for paying the outstanding principal amount of the bonds plus accrued interest to the Dec. 1, 2017 redemption date.

The defeased bonds will be redeemed at par.

The authority originally issued $60.1 million of the bonds.

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