New Mexico plans $146.2 million sale of severance tax refunding bonds

By Sheri Kasprzak

New York, Nov. 5 - The State of New Mexico is expected to sell $146.2 million of series 2010D severance tax refunding bonds, according to a preliminary official statement.

The bonds will be sold competitively with Fiscal Strategies Group Inc. and Public Resources Advisory Group as the financial advisers.

The bonds are due 2011 to 2017.

Proceeds will be used to advanced refund the state's series 2006A and 2007A severance tax bonds.

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