By Sheri Kasprzak
New York, Oct. 28 - The ABAG Finance Authority for Nonprofit Corporations, Calif., priced $91 million of series 2011 variable-rate housing revenue bonds for the Lakeside Village Apartments, according to a pricing sheet.
The bonds (AA+/A-1+) were sold through Citigroup Global Markets Inc.
The bonds, which are due Oct. 1, 2046, will bear interest initially at a variable rate, but may be adjusted to a reset or fixed rate.
Proceeds will be used to make a non-recourse mortgage loan to Standard Lakeside I LP, the operator of the Lakeside Village Apartments located in San Leandro, Calif.
| Issuer: | ABAG Finance Authority for Nonprofit Corporations/Lakeside Village Apartments
|
| Issue: | Series 2011 variable-rate housing revenue bonds
|
| Amount: | $91 million
|
| Maturity: | Oct. 1, 2046
|
| Coupon: | Variable
|
| Price: | 100
|
| Type: | Negotiated
|
| Underwriter: | Citigroup Global Markets Inc.
|
| Rating: | Standard & Poor's: AA+/A-1+
|
| Pricing date: | Oct. 28
|
| Settlement date: | Oct. 28
|
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