Published on 8/16/2012 in the Prospect News Municipals Daily.
New Issue: New Mexico Mortgage Finance prices $59.9 million of mortgage bonds
By Sheri Kasprzak
New York, Aug. 16 - The New Mexico Mortgage Finance Authority sold $59.9 million of series 2012B single family mortgage program revenue bonds, according to a pricing sheet.
The bonds were sold through senior manager RBC Capital Markets LLC.
The offering included $27,765,000 of series 2012B-1 bonds, $1.19 million of series 2012B-2 bonds and $30,945,000 of series 2012B-3 bonds.
The 2012B-1 bonds are due 2013 to 2019 with a term bond due in 2042. The serial coupons range from 0.6% to 2.5%, all priced at par. The 2043 bonds have a 3.75% coupon priced at 105.879.
The 2012B-2 bonds are due in 2019 with a 2.1% coupon priced at par and a 2.15% coupon priced at par.
The 2012B-3 bonds are due 2020 to 2024 with term bonds due in 2027, 2032 and 2042. The serial coupons range from 2.35% to 3%, all priced at par. The 2027 bonds have a 3.25% coupon priced at par and the 2032 bonds have a 3.55% coupon priced at par. The 2042 bonds have a 3.9% coupon priced at par.
Proceeds will be used to finance mortgage loans.
| Issuer: | New Mexico Mortgage Finance Authority
|
| Issue: | Series 2012B single family mortgage program revenue bonds
|
| Amount: | $59.9 million
|
| Type: | Negotiated
|
| Underwriters: | RBC Capital Markets LLC
|
| Pricing date: | Aug. 16
|
| Settlement date: | Sept. 18
|
|
|
| $27,765,000 series 2012B-1 bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $335,000 | 2013 | Serial | 0.6% | 100
|
| $800,000 | 2013 | Serial | 0.75% | 100
|
| $845,000 | 2014 | Serial | 0.9% | 100
|
| $850,000 | 2014 | Serial | 1.05% | 100
|
| $860,000 | 2015 | Serial | 1.1% | 100
|
| $870,000 | 2015 | Serial | 1.25% | 100
|
| $880,000 | 2016 | Serial | 1.4% | 100
|
| $890,000 | 2016 | Serial | 1.5% | 100
|
| $900,000 | 2017 | Serial | 1.75% | 100
|
| $915,000 | 2017 | Serial | 1.85% | 100
|
| $930,000 | 2018 | Serial | 2.15% | 100
|
| $945,000 | 2018 | Serial | 2.25% | 100
|
| $745,000 | 2019 | Serial | 2.5% | 100
|
| $17 million | 2043 | Term | 3.75% | 105.879
|
|
|
| $1.19 million series 2012B-2 bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $215,000 | 2019 | Term | 2.1% | 100
|
| $975,000 | 2019 | Term | 2.15% | 100
|
|
|
| $30,945,000 series 2012B-3 bonds
|
| Amount | Maturity | Type | Coupon | Price
|
| $945,000 | 2020 | Serial | 2.35% | 100
|
| $850,000 | 2020 | Serial | 2.4% | 100
|
| $870,000 | 2021 | Serial | 2.6% | 100
|
| $890,000 | 2021 | Serial | 2.65% | 100
|
| $905,000 | 2022 | Serial | 2.8% | 100
|
| $930,000 | 2022 | Serial | 2.8% | 100
|
| $910,000 | 2023 | Serial | 2.875% | 100
|
| $835,000 | 2023 | Serial | 2.875% | 100
|
| $755,000 | 2024 | Serial | 3% | 100
|
| $665,000 | 2024 | Serial | 3% | 100
|
| $4.65 million | 2027 | Term | 3.25% | 100
|
| $9.05 million | 2032 | Term | 3.55% | 100
|
| $8.69 million | 2042 | Term | 3.9% | 100
|
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