Bonds

Bond Offering

State Transportation Revenue Bonds (State Transportation Commission – Subordinate Lien), Series 2026A*

State Transportation Revenue Bonds (State Transportation Commission – Subordinate Lien), Series 2026A*

Par Amount
$195,215,000
Tax Status
Tax-Exempt
Sale Date
06/15/2026
Sector
Transit
State
New Mexico
Bond Type
Fixed Rate
Method of Sale
Negotiated
Closing Date
06/30/2026
Call Features
10-year par call

Additional Information

*Preliminary and subject to change

Bond Offering Ratings

Moody’s
Aa1
Outlook
Stable
Date
May 2026
S&P
AA
Outlook
Stable
Date
May 2026
Kroll
AAA
Outlook
Stable
Date
May 2026

Senior Manager

RBC Capital Markets, LLC
Erik Harrigan
(505) 872-5992

Co-Manager

Bank of America Securities
Frank Lautebur
(213) 345-9575
Jefferies

Municipal Advisor

PFM Financial Advisors, LLC