Published on 3/19/2013 in the Prospect News Municipals Daily.
New Issue: New Mexico prices $137.22 million of capital projects G.O. bonds
By Sheri Kasprzak
New York, March 19 - The State of New Mexico sold $137.22 million of series 2013 capital projects general obligation bonds, according to a pricing sheet.
The bonds (Aaa/AA+/) were sold competitively. William Blair & Co. won the bid with a 1.775% true interest cost, said Stephanie Schardin Clarke, the director of the state's Board of Finance.
The bonds are due 2014 to 2023 with 2% to 2.4% coupons.
Proceeds will be used to construct, acquire or improve senior citizen centers and facilities, library acquisitions and higher education and special schools improvements and acquisitions.
| Issuer: | State of New Mexico
|
| Issue: | Series 2013 capital projects general obligation bonds
|
| Amount: | $137.22 million
|
| Type: | Competitive
|
| Underwriters: | William Blair & Co. (winner)
|
| True interest cost: | 1.775%
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AA+
|
| Pricing date: | March 19
|
| Settlement date: | April 23
|
|
|
| Amount | Maturity | Type | Coupon | Price
|
| $12,895,000 | 2014 | Serial | 2% | 101.537
|
| $12.74 million | 2015 | Serial | 2% | 103.048
|
| $12,995,000 | 2016 | Serial | 2% | 104.131
|
| $13,255,000 | 2017 | Serial | 2% | 104.78
|
| $13.52 million | 2018 | Serial | 2% | 103.579
|
| $13,795,000 | 2019 | Serial | 2% | 102.243
|
| $14.07 million | 2020 | Serial | 2% | 100.927
|
| $14.35 million | 2021 | Serial | 2% | 100
|
| $14,635,000 | 2022 | Serial | 2.25% | 100.182
|
| $14,965,000 | 2023 | Serial | 2.4% | 100
|
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