New Mexico to redeem $82.51 million severance tax bonds in 2013

By Ashley Montgomery

Kansas City, Kan., Nov. 23 - The State of New Mexico said it would refund its series 2008A-1 state of New Mexico severance tax bonds due 2014 to 2018 with proceeds from its sale of $75.715 million series 2011A-2 severance tax and refunding bonds.

The following bonds will be redeemed July 1, 2013:

• $15.235 million of 4% bonds due July. 1, 2014;

• $15.845 million of 4% bonds due July 1, 2015;

• $16.475 million of 4% bonds due July 1, 2016;

• $17.135 million of 4% bonds due July 1, 2017; and

• $17.82 million of 4% bonds due July 1, 2018.

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