New Mexico Mortgage plans $53.35 million single-family mortgage bonds

By Sheri Kasprzak

New York, Feb. 23 – The New Mexico Mortgage Finance Authority is expected to price $53,345,000 of series 2015 single-family mortgage program class I bonds, according to a preliminary official statement.

The bonds (/AA+/) will be sold on a negotiated basis with J.P. Morgan Securities LLC as the sole underwriter.

The deal includes $25.74 million of series 2015C taxable bonds and $27,605,000 of series 2015D taxable bonds.

The 2015C bonds are due Sept. 1, 2041 and the 2015D bonds are due Sept. 1, 2040.

Proceeds will be used to refund the authority’s series 2009A-B government sponsored enterprise program bonds.

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