TNP ENTERPRISES <TNP> UNIT TO SELL BONDS
Texas-New Mexico Power Co, a unit of
TNP Enterprises Inc, said it filed with the Securities and
Exchange Commission a registration statement covering 65 mln
dlr issue of first mortgage bonds.
    Proceeds will be used to repay short-term debt and for
other general purposes, the company said.
    It said the bonds would probably be offered through
Shearson Lehman Brothers Inc and Salomon Brothers Inc.
 REUTER
