New Mexico to sell $218.45 million in severance tax bonds on June 23

By Sheri Kasprzak

New York, June 15 - The state of New Mexico plans to price $218.45 million in series 2009A severance tax bonds on June 23, according to a preliminary official statement.

The bonds will be sold on a competitive basis with Fiscal Strategies Group Inc. as the financial adviser.

The bonds are due 2010 to 2019.

Proceeds will be used to finance certain capital projects, as well as to refund the state's series 2003A bonds.

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