Public Service Company of New Mexico (PNM), established in 1902 and headquartered in Albuquerque, New Mexico, is an energy utility dedicated to providing reliable electric service to residents and businesses across the state. PNM primarily focuses on the generation, transmission, and distribution of electricity, offering renewable energy options as part of its commitment to sustainability and environmental stewardship.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| PNM 3.85% 2025-08-01 USDPublic Service Co. of New Mexico | United States | 2025-08-01 | 3.850 | 0.00 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
PNM commenced its bond issuance in the early 1900s to finance its infrastructure development. A notable event occurred in 2018 when PNM issued $350 million in senior unsecured notes to refinance existing debt and support capital projects, achieving a yield of approximately 4.1%, competitive within the utility sector. The company has continued to issue bonds with various features, including green bonds aimed at funding renewable energy projects, demonstrating its alignment with sustainability initiatives while providing investors stable investment opportunities in a regulated industry.