ABAG Finance, Calif., to price $91 million of housing revenue bonds

By Sheri Kasprzak

New York, Oct. 26 - The ABAG Finance Authority for Nonprofit Corporations of California plans to sell $91 million of series 2011 variable-rate multifamily housing revenue bonds for the Lakeside Village Apartments, according to a preliminary official statement.

The bonds (AA+/A-1+) will be sold on a negotiated basis with Citigroup Global Markets Inc. as the underwriter.

The bonds are due Oct. 1, 2046.

Proceeds will be used to make a non-recourse mortgage loan to Standard Lakeside I LP, the operator of the Lakeside Village Apartments.

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