New Mexico Municipal Energy Acquisition preps $722.91 million bonds

By Cristal Cody

Tupelo, Miss., July 17 – The New Mexico Municipal Energy Acquisition Authority intends to bring $722.91 million of gas supply revenue refunding bonds to market, according to a preliminary official statement.

The deal includes $200 million of sub-series 2014A bonds due Nov. 1, 2039 and $522.91 million of sub-series 2014B variable-rate bonds with maturities from 2015 through 2019 and 2039.

RBC Capital Markets, LLC will manage the negotiated sale.

Proceeds will be used to refund all of the authority’s outstanding series 2009 gas supply variable-rate revenue bonds.

The transaction is expected to settle on Aug. 1.

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