Results of Competitive Sales

MINNESOTA

Delano Independent School District No. 879

Mar 31, 2008 . . . . . . $4,865,000

General Obligation Alternative Facilities Bonds, Series 2008A (MN School District Credit Enhancement Program) (book entry).

Dated Apr 23, 2008.

Due Feb 1, 2009 to 2028.

Callable Feb 1, 2018 at par.

Winning bid: Cronin & Co., at n/a, TIC 4.381%.

Due Amount Cpn Yield Conc Ins
2/1/09 $70,000 3.50% 2.10%
2/1/10 $130,000 3.50% 2.25%
2/1/11 $135,000 3.50% 2.50%
2/1/12 $140,000 3.50% 2.85%
2/1/13 $140,000 3.50% 2.95%
2/1/14 $145,000 3.50% 3.10%
2/1/15 $150,000 3.50% 3.25%
2/1/16 $155,000 3.75% 3.45%
2/1/17 $160,000 4.00% 3.65%
2/1/18 $170,000 4.00% 3.80%
2/1/19 $285,000 4.00% 3.95%
2/1/20 $295,000 4.00% 4.05%
2/1/21 $310,000 4.125% 4.20%
2/1/22 $320,000 4.25% 4.30%
2/1/23 $335,000 4.375% 4.40%
2/1/24 $350,000 4.375% NRO NRO
2/1/25 $365,000 4.50% NRO NRO
2/1/26 $385,000 4.625% NRO NRO
2/1/28 $825,000 4.625% NRO NRO

Other managers: UBS Securities, LLC.

L.O.: Knutson, Flynn & Deans, Mendota Heights, MN.

F.A.: Ehlers & Associates, Inc., Roseville, MN.

Other bidders were:

Northland Securities, TIC 4.4478%

RBC Capital Markets, TIC 4.4687%

Piper Jaffray, TIC 4.5358%

Harris N.A., TIC 4.5937%

MONTANA

Belgrade (City)

Mar 31, 2008 . . . . . . $4,000,000

Special Improvement District No. 78 Bonds (bank qualified) (book entry).

Dated Apr 15, 2008.

Due Jul 1, 2009 to 2028.

Callable Jul 1, 2015 at par.

Winning bid: D.A. Davidson, at 98.0000, TIC 4.124%.

Due Amount Cpn Yield Conc Ins
7/1/09 $85,000 2.20% NRO NRO
7/1/10 $130,000 2.60% NRO NRO
7/1/11 $135,000 2.85% NRO NRO
7/1/12 $145,000 3.00% NRO NRO
7/1/13 $150,000 3.15% NRO NRO
7/1/14 $160,000 3.30% NRO NRO
7/1/15 $165,000 3.40% NRO NRO
7/1/16 $175,000 3.50% NRO NRO
7/1/17 $180,000 3.60% NRO NRO
7/1/18 $190,000 3.70% NRO NRO
7/1/19 $200,000 3.80% NRO NRO
7/1/20 $210,000 3.85% NRO NRO
7/1/23 $690,000 3.95% NRO NRO
7/1/24 $250,000 4.00% NRO NRO
7/1/25 $265,000 4.10% NRO NRO
7/1/26 $275,000 4.15% NRO NRO
7/1/27 $290,000 4.20% NRO NRO
7/1/28 $305,000 4.25% NRO NRO

L.O.: Dorsey & Whitney, Missoula, MT; and Dorsey & Whitney, Minneapolis, MN.

F.A.: D.A. Davidson & Co., Bozeman, MT.

Other bidders were:

Wells Fargo Brkge, TIC 4.3037%

NORTH DAKOTA

Grafton (City)

Mar 31, 2008 . . . . . . $405,000

Refunding Improvement Bonds, Series 2008B (bank qualified) (book entry).

Dated Apr 23, 2008.

Due May 1, 2009 to 2018.

Non-callable.

Winning bid: Dougherty & Co, at n/a, TIC 3.72%.

Due Amount Cpn Yield Conc Ins
5/1/13 $225,000 3.15% NRO NRO
5/1/18 $180,000 3.70% NRO NRO

L.O.: Arntson & Stewart, Fargo, ND.

F.A.: Public Financial Management, Inc., Minneapolis, MN.

Other bidders were:

United Banker's Bk, TIC 3.92%

Wells Fargo Brkge, TIC 3.9989%

Northland Securities, TIC 4.31%

Grafton (City)

Mar 31, 2008 . . . . . . $2,350,000

Sales Tax Revenue Bonds, Series 2008A (bank qualified) (book entry).

Dated Apr 23, 2008.

Due May 1, 2009 to 2038.

Callable May 1, 2018 at par.

Winning bid: Dougherty & Co, at n/a, TIC 5.3436%.

Due Amount Cpn Yield Conc Ins
5/1/11 $125,000 3.50% 3.50%
5/1/14 $140,000 3.75% 3.75%
5/1/17 $155,000 4.00% 4.00%
5/1/20 $175,000 4.50% 4.50%
5/1/26 $425,000 5.00% 5.00%
5/1/28 $175,000 5.10% 5.10%
5/1/33 $500,000 5.50% 5.15%
5/1/38 $655,000 5.50% 5.50%

L.O.: Arntson & Stewart, Fargo, ND.

F.A.: Public Financial Management, Inc., Minneapolis, MN.

Other bidders were:

Northland Securities, TIC 5.7919%

TEXAS

Harris County Municipal Utility District No. 390

Mar 31, 2008 . . . . . . $1,800,000

Unlimited Tax Bonds, Series 2008 (bank qualified) (book entry).

Dated Apr 1, 2008.

Due Apr 1, 2011 to 2032.

Callable Apr 1, 2017 at par.

Winning bid: Sterne Agee, at 97.0090, NIC 4.9618%.

Due Amount Cpn Yield Conc Ins
4/1/11 $70,000 6.50% 4.00% RADIA
4/1/12 $70,000 6.50% 4.05% RADIA
4/1/13 $70,000 6.50% 4.10% RADIA
4/1/14 $70,000 6.50% 4.15% RADIA
4/1/15 $70,000 6.50% 4.20% RADIA
4/1/16 $70,000 6.50% 4.25% RADIA
4/1/17 $70,000 6.50% 4.30% RADIA
4/1/21 $280,000 4.50% 4.375% RADIA
4/1/24 $210,000 4.50% 4.50% RADIA
4/1/27 $210,000 4.50% 4.625% RADIA
4/1/30 $210,000 4.50% 4.75% RADIA
4/1/32 $400,000 4.625% 4.875% RADIA

L.O.: Schwartz, Page & Harding, Houston, TX; and State Attorney General.

F.A.: First Southwest Company, Houston, TX.

Other bidders were:

First Southwest, NIC 5.115%

GMS Group, NIC 5.6137%

WISCONSIN

School District of New Glarus

Mar 31, 2008 . . . . . . $4,065,000

General Obligation Refunding Bonds (bank qualified) (book entry).

Dated Apr 17, 2008.

Due Apr 1, 2009 to 2018.

Callable Apr 1, 2015 at par.

Winning bid: Bankers' Bank, at n/a, TIC 3.2004%.

Due Amount Cpn Yield Conc Ins
4/1/09 $560,000 2.40% NRO NRO
4/1/10 $570,000 2.60% NRO NRO
4/1/11 $575,000 2.75% NRO NRO
4/1/12 $605,000 3.00% NRO NRO
4/1/13 $620,000 3.10% NRO NRO
4/1/14 $320,000 3.20% NRO NRO
4/1/15 $195,000 3.30% NRO NRO
4/1/16 $200,000 3.40% NRO NRO
4/1/17 $205,000 3.50% NRO NRO
4/1/18 $215,000 3.60% NRO NRO

L.O.: Quarles & Brady, Milwaukee, WI.

F.A.: Ehlers & Associates, Inc., Roseville, MN.

Other bidders were:

Robert W. Baird, TIC 3.2989%

Griffin Kubik, TIC 3.4787%

Wells Fargo Brkge, TIC 3.5044%

Bernardi Securities, TIC 3.7352%

For reprint and licensing requests for this article, click here.
Competitive sales results
MORE FROM BOND BUYER