New Mexico Municipal Energy Acquisition Authority to price $781.23 million revenue bonds

By Sheri Kasprzak

New York, Nov. 10 - The New Mexico Municipal Energy Acquisition Authority is set to sell $781.23 million in series 2009 gas supply variable-rate revenue bonds, according to a preliminary official statement.

The bonds (Aaa/VMIG1) will be sold on a negotiated basis with RBC Capital Markets Corp. as the lead manager.

The bonds are due Nov. 1, 2039.

Proceeds will be used to finance a 30-year supply of natural gas to the city of Farmington, N.M.

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