New Mexico Finance Authority schedules $427.645 million sale of refunding bonds for Tuesday

By Sheri Kasprzak

New York, Sept. 20 - The New Mexico Finance Authority plans to bring to market its previously announced $427.645 million of series 2010B senior-lien transportation project refunding revenue bonds on Tuesday, said a sales calendar.

The bonds (Aa1/AA+/) will be sold through Morgan Stanley & Co. Inc., with Bank of America Merrill Lynch, Ramirez & Co. Inc., Piper Jaffray & Co. and RBC Capital Markets Corp. as the co-managers.

The bonds are due 2012 to 2021.

Proceeds will be used to refund the authority's series 2002A, 2002C, 2002D and 2004A bonds.

Based in Santa Fe, the authority provides funding to a variety of public projects.

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