MASSACHUSETTS
Lowell Regional Transit Authority
Jul 29, 2011 . . . . . . $7,720,000
Revenue Anticipation Notes (bank qualified) (book entry).
Dated Aug 12, 2011.
Due Aug 10, 2012.
Purchased $7,720,000.00 by Eastern Bk Cap Mkts, at 1.5%, plus $34,721.81, effective rate 1.049%.
L.O.: Edwards Angell Palmer & Dodge, LLP, Boston, MA.
F.A.: Eastern Bank Municipal Finance, Boston, MA.
Other bidders were:
Oppenheimer, Effective Rate 1.5579%
MICHIGAN
Bay City School District
Jul 27, 2011 . . . . . . $8,000,000
State Aid Notes (bank qualified) (book entry).
Dated Aug 22, 2011.
Due Aug 20, 2012.
Purchased $8,000,000.00 by Chemical Bk & Tr, at 0.99%, effective rate 0.99%.
L.O.: Thrun Law Firm, P.C., East Lansing, MI.
Other bidders were:
Comerica Securities, Effective Rate 1.35%
PNC Capital Markets, Effective Rate 1.39%
NEW YORK
Union-Endicott Central School District
Jul 28, 2011 . . . . . . $751,419
Bond Anticipation Notes, 2011 (Renewal) (bank qualified) (book entry).
Dated Aug 4, 2011.
Due Aug 3, 2012.
Purchased $751,420.00 by JPMorgan Chase, at 0.95%, effective rate 0.95%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Roosevelt & Cross, Effective Rate 1.7843%
M & T Bank, Effective Rate 1.92%
Oppenheimer, Effective Rate 1.9626%
TEXAS
Montgomery County Municipal Utility District No. 15
Jul 27, 2011 . . . . . . $2,000,000
Unlimited Tax Bonds, Series 2011A (bank qualified) (book entry).
Dated Aug 1, 2011.
Due Mar 1, 2018 to 2037.
Callable Mar 1, 2018 at par.
Winning bid: GMS Group, at 97.0000, NIC 5.1864%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 3/1/18 | $50,000 | 4.00% | 4.00% | ||
| 3/1/19 | $50,000 | 4.20% | 4.20% | ||
| 3/1/20 | $50,000 | 4.30% | 4.30% | ||
| 3/1/21 | $50,000 | 4.40% | 4.40% | ||
| 3/1/22 | $75,000 | 4.50% | 4.50% | ||
| 3/1/23 | $75,000 | 4.60% | 4.60% | ||
| 3/1/24 | $75,000 | 4.70% | 4.70% | ||
| 3/1/25 | $75,000 | 4.80% | 4.80% | ||
| 3/1/26 | $75,000 | 4.90% | 4.90% | ||
| 3/1/29 | $300,000 | 5.00% | 5.00% | ||
| 3/1/31 | $200,000 | 5.10% | 5.10% | ||
| 3/1/34 | $400,000 | 5.20% | 5.20% | ||
| 3/1/37 | $525,000 | 5.10% | 5.25% |
L.O.: Young & Brooks, Houston, TX; and State Attorney General.
F.A.: GMS Group, L.L.C., Houston, TX.
Other bidders were:
FirstSouthwest, NIC 5.1918%
Sterne Agee, NIC 5.7251%
TAXABLE ISSUES
IOWA
Sioux Center (City)
Jul 28, 2011 . . . . . . $1,500,000
Taxable General Obligation Urban Renewal Bonds, Series 2011 (book entry).
Dated Aug 1, 2011.
Due Jun 1, 2012 to 2016.
Non-callable.
Winning bid: UMB Bank, at 101.5200, TIC 1.7222%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 6/1/12 | $325,000 | 1.25% | NRO | NRO | |
| 6/1/13 | $325,000 | 1.50% | NRO | NRO | |
| 6/1/14 | $325,000 | 2.25% | NRO | NRO | |
| 6/1/15 | $260,000 | 2.25% | NRO | NRO | |
| 6/1/16 | $265,000 | 3.00% | NRO | NRO |
Other managers: First National Bank.
L.O.: Ahlers & Cooney, P.C., Des Moines, IA.
F.A.: Piper Jaffray & Company, Des Moines, IA.
Other bidders were:
Hutchinson Shockey, TIC 1.8208%
United Banker's Bk, TIC 2.0747%
Northland Securities, TIC 3.4018%
