Board adopts final terms for $357.32 million 2026A severance‑tax bonds
The State Board of Finance approved final terms for the $357.32 million State of New Mexico Severance Tax Bond Series 2026A, with a true interest cost near 3.51% and original‑issue premium to fund 67 capital projects across state agencies.
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The State Board of Finance approved the final terms for the State of New Mexico Severance Tax Bond Series 2026A, setting the par amount at $357,320,000 with original-issue premium and scheduled maturities from July 1, 2027, through July 1, 2036. Counsel said the bonds will fund 67 capital outlay projects across 23 agencies and be sold to the lowest-cost bidder from the recent sale.
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