Published on 7/25/2014 in the Prospect News Municipals Daily.
New Issue: New Mexico Finance brings $58.24 million of revolving fund revenue debt
By Sheri Kasprzak
New York, July 25 – The New Mexico Finance Authority sold $58,235,000 of series 2014B revolving fund revenue bonds, according to a pricing sheet.
The bonds (Aa1/AAA/) were sold competitively. The issuer did not respond to calls for the winning bidder Friday.
The bonds are due 2015 to 2035 with 2% to 5% coupons and 0.18% to 3.38% yields.
Proceeds will be used to originate loans to local governmental units for capital projects.
| Issuer: | New Mexico Finance Authority
|
| Issue: | Series 2014B revolving fund revenue bonds
|
| Amount: | $58,235,000
|
| Type: | Competitive
|
| Ratings: | Moody’s: Aa1
|
| Standard & Poor’s: AAA
|
| Pricing date: | July 25
|
| Settlement date: | Aug. 13
|
|
|
| Amount | Maturity | Type | Coupon | Price | Yield
|
| $3,265,000 | 2015 | Serial | 5% | 103.851 | 0.18%
|
| $4.89 million | 2016 | Serial | 5% | 108.298 | 0.37%
|
| $4,545,000 | 2017 | Serial | 5% | 112.257 | 0.58%
|
| $5.1 million | 2018 | Serial | 5% | 115.24 | 0.91%
|
| $4,235,000 | 2019 | Serial | 2% | 103.435 | 1.26%
|
| $3.13 million | 2020 | Serial | 5% | 119.308 | 1.51%
|
| $3,605,000 | 2021 | Serial | 5% | 120.676 | 1.76%
|
| $4.03 million | 2022 | Serial | 5% | 121.563 | 2.00%
|
| $4,125,000 | 2023 | Serial | 5% | 122.646 | 2.16%
|
| $4,235,000 | 2024 | Serial | 5% | 123.763 | 2.28%
|
| $3.44 million | 2025 | Serial | 3% | 104.852 | 2.44%
|
| $2,805,000 | 2026 | Serial | 3% | 103.526 | 2.59%
|
| $2,345,000 | 2027 | Serial | 3.5% | 105.52 | 2.85%
|
| $2,225,000 | 2028 | Serial | 3.5% | 104.822 | 2.93%
|
| $1,505,000 | 2029 | Serial | 3.5% | 104.128 | 3.01%
|
| $1,095,000 | 2030 | Serial | 3.5% | 103.526 | 3.08%
|
| $800,000 | 2031 | Serial | 3.75% | 105.887 | 3.05%
|
| $670,000 | 2032 | Serial | 3.75% | 104.42 | 3.22%
|
| $1,085,000 | 2033 | Serial | 3.75% | 103.908 | 3.28%
|
| $880,000 | 2034 | Serial | 3.75% | 103.483 | 3.33%
|
| $225,000 | 2035 | Serial | 3.75% | 103.061 | 3.38%
|
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