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Published on 1/20/2011 in the Prospect News Municipals Daily.

New Issue: Albuquerque, N.M., brings $135 million of G.O. general purpose bonds

By Sheri Kasprzak

New York, Jan. 20 - The City of Albuquerque, N.M., sold $135 million of series 2011A general obligation general purpose bonds, said a pricing sheet.

The bonds (AA+) were sold competitively.

The bonds are due 2011 to 2023 with 3% to 4.375% coupons.

Proceeds will be used to finance general capital projects throughout the city.

Issuer:City of Albuquerque, N.M.
Issue:Series 2011A general obligation general purpose bonds
Amount:$135 million
Type:Competitive
Rating:Fitch: AA+
Pricing date:Jan. 20
Settlement date:Feb. 24
AmountMaturityTypeCouponPrice
$6.6 million2011Serial3%100.94
$10.7 million2012Serial3%103.063
$10.7 million2013Serial4%106.788
$10.7 million2014Serial4%108.314
$10.7 million2015Serial4%108.906
$10.7 million2016Serial4%109.04
$10.7 million2017Serial4%108.268
$10.7 million2018Serial4%107.028
$10.7 million2019Serial4%105.369
$10.7 million2020Serial4%103.551
$10.7 million2021Serial4%101.873
$10.7 million2022Serial4%99.544
$10.7 million2023Serial4.375%100.721

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