4.3.17: Results of competitive sales
KENTUCKY
Erlanger-Elsmere Independent School District Finance Corporation
30-Mar-17 $5,320,000
School Building Revenue Bonds, Series of 2017 (Kentucky State School District Credit Enhancement Program) (bank qualified) (book entry).
Dated Apr 1, 2017.
Due Apr 1, 2018 to 2037.
Callable Apr 1, 2027 at par.
Winning bid: FTN Fin Cap Mkts, at 100.0554, NIC 3.2379%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 4/1/2018 | $110,000 | 2.00% | 1.15% | ||
| 4/1/2019 | $105,000 | 2.00% | 1.30% | ||
| 4/1/2020 | $105,000 | 2.00% | 1.55% | ||
| 4/1/2021 | $110,000 | 2.00% | 1.80% | ||
| 4/1/2022 | $110,000 | 2.00% | 2.00% | ||
| 4/1/2023 | $110,000 | 2.50% | 2.10% | ||
| 4/1/2024 | $115,000 | 2.50% | 2.30% | ||
| 4/1/2025 | $120,000 | 2.50% | 2.40% | ||
| 4/1/2026 | $215,000 | 2.75% | 2.55% | ||
| 4/1/2028 | $450,000 | 3.00% | 2.80% | ||
| 4/1/2030 | $805,000 | 3.00% | 3.00% | ||
| 4/1/2032 | $765,000 | 3.20% | 3.10% | ||
| 4/1/2034 | $830,000 | 3.40% | 3.25% | ||
| 4/1/2037 | $1,370,000 | 3.50% | 3.45% |
L.O.: Steptoe & Johnson PLLC, Louisville, KY.
F.A.: Ross, Sinclaire & Associates LLC, Lexington, KY.
Other bidders were:
Robert W. Baird, NIC 3.3838%
J.J.B. Hilliard, NIC 3.429%
Raymond James, NIC 3.4653%
Stifel Nicolaus, NIC 3.495%
Northern Kentucky Water District
30-Mar-17 $26,000,000
Revenue Bond Anticipation Notes, Series 2017 (book entry).
Dated Apr 19, 2017.
Due Apr 1, 2019.
Callable Oct 1, 2018 at par.
Winning bid: J.J.B. Hilliard, at 102.0600, TIC 1.919%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 4/1/2019 | $26,000,000 | 3.00% | 1.35% |
L.O.: Dinsmore & Shohl LLP, Covington, KY.
F.A.: Ross, Sinclaire & Associates LLC, Lexington, KY.
Other bidders were:
Oppenheimer, TIC 2.1887%
NEW YORK
Scarsdale Union Free School District
30-Mar-17 $14,400,000
School District Serial Bonds - 2017 (New York State Aid Intercept Program) (book entry).
Dated Apr 13, 2017.
Due Jun 15, 2018 to 2027.
Callable Jun 15, 2025 at par.
Winning bid: Piper Jaffray, at n/a, NIC 1.9832%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 6/15/2018 | $1,230,000 | 3.00% | 0.88% | ||
| 6/15/2019 | $1,345,000 | 3.00% | 1.03% | ||
| 6/15/2020 | $1,350,000 | 3.00% | 1.23% | ||
| 6/15/2021 | $1,380,000 | 3.00% | 1.39% | ||
| 6/15/2022 | $1,410,000 | 3.00% | 1.57% | ||
| 6/15/2023 | $1,440,000 | 3.00% | 1.72% | ||
| 6/15/2024 | $1,495,000 | 3.00% | 1.87% | ||
| 6/15/2025 | $1,545,000 | 3.00% | 2.00% | ||
| 6/15/2026 | $1,575,000 | 3.00% | 2.11% | ||
| 6/15/2027 | $1,630,000 | 3.00% | 2.19% |
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
JPMorgan, NIC 2.0108%
Roosevelt & Cross, NIC 2.0143%
Robert W. Baird, NIC 2.027%
FTN Fin Cap Mkts, NIC 2.0515%
Jefferies, NIC 2.0681%
BA Merrill Lynch, NIC 2.1215%
West Hampton Dunes Village
30-Mar-17 $870,000
Bond Anticipation Notes - 2017 (bank qualified).
Dated Apr 10, 2017.
Due Apr 10, 2018.
Purchased $870,000.00 by Bank of Greene Co, at 1.99%, effective rate 1.99%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Munistat Services, Inc., Port Jefferson, NY.
Other bidders were:
Oppenheimer, Effective Rate 2.4881%
Roosevelt & Cross, Effective Rate 2.625%