Plant Funds - Retirement of Indebtedness
Retirement of Indebtedness covers revenue, transfers and expenditures associated with the repayment of university bond issues and/or the retirement of institutional debts.
Continuing Disclosure Undertaking
The Continuing Disclosure Undertaking (CDU) consists of important information about UNM that arises after the initial issuance of a bond. This information reflects the financial or operating condition of the issuer as it changes over time, as well as specific events occurring after issuance that can have an impact on the ability of issuer to pay amounts owed on the bond, the value of the bond if it is bought or sold prior to its maturity, the timing of repayment of principal, and other key features of the bond. The CDU if filed with the Municipal Securities Review Board's (MSRB's) Electronic Municipal Market Access (EMMA) website.
Rating Agencies are companies that assess the creditworthiness of both individual debt securities and their issuers. These companies use a letter-based rating system to convey to investors whether a bond carries a low or high default risk and whether the issuer is financially stable. Bonds are rated at the time they are issued and are important not only for their role in informing investors, but ultimately because they affect the interest rate that companies and government agencies pay on their issued bonds.
Moody's Investors Service
UNM Rating Update
Standard & Poor's
UNM Rating Update
Issuer Credit Rating-Current opinion of UNM's overall creditworthiness
- Capital Projects funded with UNM Bonds
- UNM Debt Service associated with University Bonds
- SEC Municipal Advisor Rule
- Debt Management Policy
- Exhibit A Disclosure Procedures for Bonds and Loans
- Exhibit B Post-Issuance Tax Compliance Procedures
- UNM Outstanding Bonds
For additional Continuing Disclosure Undertaking or Rating Agency information, contact Kathy Jacques at 277-7521