Published on 11/17/2011 in the Prospect News Municipals Daily.
New Issue: New Mexico Finance prices $53.4 million revolving fund revenue bonds
By Sheri Kasprzak
New York, Nov. 17 - The New Mexico Finance Authority sold $53.4 million of series 2011C senior-lien public project revolving fund revenue bonds on Thursday, according to a pricing sheet.
The bonds (Aa1/AAA/) were sold competitively. The issuer did not return requests for the winning bidder by press time Thursday evening.
The bonds are due 2012 to 2033 with a term bond due in 2036. The serial coupons range from 3% to 5%. The 2036 bonds have a 4.375% coupon priced at 99.004.
Proceeds will be used to purchase securities from the Albuquerque Bernalillo County Water Utility Authority to finance a water system expansion project.
Issuer: | New Mexico Finance Authority
|
Issue: | Series 2011C senior-lien public project revolving fund revenue bonds
|
Amount: | $53.4 million
|
Type: | Competitive
|
Ratings: | Moody's: Aa1
|
| Standard & Poor's: AAA
|
Pricing date: | Nov. 17
|
Settlement date: | Dec. 15
|
|
Amount | Maturity | Type | Coupon | Price
|
$1.345 million | 2012 | Serial | 3% | 101.266
|
$2.955 million | 2013 | Serial | 4% | 105.179
|
$3.075 million | 2014 | Serial | 5% | 110.499
|
$3.225 million | 2015 | Serial | 5% | 113.647
|
$3.39 million | 2016 | Serial | 5% | 116.127
|
$3.555 million | 2017 | Serial | 5% | 118.112
|
$3.735 million | 2018 | Serial | 5% | 119.705
|
$3.92 million | 2019 | Serial | 5% | 120.542
|
$4.12 million | 2020 | Serial | 5% | 120.907
|
$4.325 million | 2021 | Serial | 5% | 121.51
|
$4.54 million | 2022 | Serial | 5% | 122.062
|
$4.77 million | 2023 | Serial | 5% | 122.099
|
$605,000 | 2024 | Serial | 5% | 121.946
|
$635,000 | 2025 | Serial | 5% | 121.271
|
$670,000 | 2026 | Serial | 3.5% | 99.001
|
$695,000 | 2027 | Serial | 5% | 120.591
|
$725,000 | 2028 | Serial | 3.75% | 99.004
|
$755,000 | 2029 | Serial | 5% | 119.617
|
$790,000 | 2030 | Serial | 5% | 119.06
|
$830,000 | 2031 | Serial | 4% | 98.997
|
$865,000 | 2032 | Serial | 5% | 118.22
|
$910,000 | 2033 | Serial | 4.25% | 98.997
|
$2.965 million | 2036 | Term | 4.375% | 99.004
|
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