New Mexico to price $332.79 million of severance tax bonds on May 17

By Sheri Kasprzak

New York, May 9 – The State of New Mexico is scheduled to price $332,785,000 of series 2016 severance tax bonds on May 17, according to a preliminary official statement.

The deal includes $87,805,000 of series 2016A bonds, $195.05 million of series 2016B refunding bonds and $49.93 million of series 2016C taxable bonds.

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

The 2016A bonds are due 2021 to 2026, and the 2016B bonds are due 2019 to 2024. The 2016C bonds are due 2017 to 2021.

Proceeds will be used to finance capital improvements and to refund the state’s series 2011A-1 and 2014A bonds.

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