New Mexico coordinates $214.17 million offering of severance tax bonds

By Sheri Kasprzak

New York, July 8 – The State of New Mexico is set to price $214.17 million of series 2015 severance tax bonds on July 21, according to a notice of sale.

The deal includes $139.17 million of series 2015A bonds and $75 million of series 2015B supplemental bonds.

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

The 2015A bonds are due 2016 to 2025, and the 2015B bonds are due 2016 to 2025.

Proceeds will be used to finance capital improvement projects, including school facility projects, within the state.

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