By Sheri Kasprzak
New York, April 22 - The state of New Mexico priced $196.33 million in series 2009 capital projects general obligation bonds, said Olivia Padilla-Jackson, director of the state's board of finance. The offering was downsized from its planned $222.8 million size.
The bonds were sold to Barclays Capital Inc. with a 2.31% true interest cost.
The bonds are due 2010 to 2019 with coupons from 3% to 5% and yields from 0.45% to 2.9%.
Fiscal Strategies Group Inc. and Public Resources Advisory Group were the financial advisers.
The proceeds will be used to construct, acquire and improve senior facilities, libraries, health, higher education and state special school projects.
Issuer: | New Mexico
|
Issue: | Series 2009 capital projects general obligation bonds
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Amount: | $196.33 million
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Type: | Competitive
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Underwriter: | Barclays Capital Inc.
|
TIC: | 2.31%
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Pricing date: | April 22
|
|
Maturity | Type | Coupon | Yield
|
2010 | Serial | 3% | 0.45%
|
2011 | Serial | 5% | 0.98%
|
2012 | Serial | 5% | 1.14%
|
2013 | Serial | 5% | 1.37%
|
2014 | Serial | 5% | 1.75%
|
2015 | Serial | 5% | 2.00%
|
2016 | Serial | 5% | 2.23%
|
2017 | Serial | 5% | 2.46%
|
2018 | Serial | 5% | 2.68%
|
2019 | Serial | 5% | 2.90%
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