New Issue: ABAG Finance, Calif., brings $50.51 million bonds for Eskaton Properties

By Sheri Kasprzak

New York, May 21 - The ABAG Finance Authority for Nonprofit Corporations priced $50.51 million of series 2013 revenue refunding bonds for Eskaton Properties Inc., according to a pricing sheet.

The bonds (/BBB/) were sold through Cain Brothers Inc.

The bonds are due 2013 to 2018 and 2020 to 2023 with a term bond due in 2035. The serial coupons range from 2% to 5% with 0.7% to 3.45% yields. The 2035 bonds have a 5% coupon priced at 106.269 to yield 4.25%.

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

Issuer:	ABAG Finance Authority for Nonprofit Corporations/Eskaton Properties Inc.
Issue:	Series 2013 revenue refunding bonds
Amount:	$50.51 million
Type:	Negotiated
Underwriter:	Cain Brothers Inc. (lead)
Rating:	Standard & Poor's: BBB
Pricing date:	May 21
Settlement date:	June 6
Amount	Maturity	Type	Coupon	Price	Yield
$1.7 million	2013	Serial	2%	100.572	0.70%
$1.15 million	2014	Serial	2%	101.644	0.85%
$1,175,000	2015	Serial	3%	104.072	1.30%
$1.22 million	2016	Serial	3%	104.498	1.65%
$1.24 million	2017	Serial	4%	108.68	1.95%
$1,285,000	2018	Serial	4%	108.647	2.30%
$1.43 million	2020	Serial	5%	114.323	2.85%
$1,495,000	2021	Serial	5%	114.015	3.10%
$1,565,000	2022	Serial	5%	113.692	3.30%
$1.66 million	2023	Serial	5%	113.491	3.45%
$36.59 million	2035	Term	5%	106.269	4.25%

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