By Sheri Kasprzak
New York, July 24 – The New Mexico Municipal Energy Acquisition Authority priced $175 million of series 2014A gas supply revenue refunding bonds, according to a pricing sheet. The deal was cut from $200 million.
The bonds are due Nov. 1, 2039 and bear interest at 5% priced at 115.65 to yield 1.72%.
The bonds were sold through RBC Capital Markets LLC.
Proceeds will be used to refund outstanding series 2009 gas supply variable-rate revenue bonds.
| Issuer: | New Mexico Municipal Energy Acquisition Authority
|
| Issue: | Series 2014A gas supply revenue refunding bonds
|
| Amount: | $175 million
|
| Maturity: | Nov. 1, 2039
|
| Coupon: | 5%
|
| Price: | 115.65
|
| Yield: | 1.72%
|
| Type: | Negotiated
|
| Underwriter: | RBC Capital Markets LLC
|
| Pricing date: | July 24
|
| Settlement date: | Aug. 1
|
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