4.4.17: Results of competitive sales
IOWA
Altoona (City)
3-Apr-17 $8,080,000
General Obligation Urban Renewal Corporate Purpose Bonds, Series 2017 (bank qualified) (book entry).
Dated May 2, 2017.
Due Jun 1, 2018 to 2032.
Callable Jun 1, 2025 at par.
Winning bid: Country Club Bank, at 101.3852, TIC 2.4192%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 6/1/2018 | $445,000 | 2.00% | 1.00% | ||
| 6/1/2019 | $470,000 | 2.00% | 1.15% | ||
| 6/1/2020 | $480,000 | 2.00% | 1.30% | ||
| 6/1/2021 | $490,000 | 2.00% | 1.45% | ||
| 6/1/2022 | $500,000 | 2.00% | 1.65% | ||
| 6/1/2023 | $510,000 | 2.00% | 1.80% | ||
| 6/1/2024 | $520,000 | 2.25% | 1.95% | ||
| 6/1/2025 | $535,000 | 2.25% | 2.05% | ||
| 6/1/2026 | $545,000 | 2.50% | 2.10% | ||
| 6/1/2027 | $560,000 | 2.50% | 2.20% | ||
| 6/1/2028 | $570,000 | 2.75% | 2.30% | ||
| 6/1/2029 | $590,000 | 2.75% | 2.40% | ||
| 6/1/2030 | $605,000 | 2.75% | 2.50% | ||
| 6/1/2031 | $620,000 | 3.00% | 2.55% | ||
| 6/1/2032 | $640,000 | 3.00% | 2.75% |
L.O.: Dorsey & Whitney, Des Moines, IA.
F.A.: PFM Financial Advisors LLC, Des Moines, IA.
Other bidders were:
D.A. Davidson, TIC 2.4385%
FTN Fin Cap Mkts, TIC 2.4817%
Robert W. Baird, TIC 2.4905%
UMB Bank, TIC 2.4941%
Citigroup, TIC 2.4973%
Raymond James, TIC 2.5637%
Hutchinson Shockey, TIC 2.5727%
BOK Fin Secs, TIC 2.5844%
Northland Securities, TIC 2.6455%
MINNESOTA
Monticello Independent School District No. 882
3-Apr-17 $5,160,000
General Obligation Facilities Maintenance Bonds, Series 2017A (MN School District Credit Enhancement Program) (bank qualified) (book entry).
Dated Apr 27, 2017.
Due Feb 1, 2018 to 2032.
Callable Feb 1, 2026 at par.
Winning bid: FTN Fin Cap Mkts, at 102.5929, TIC 2.3482%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 2/1/2018 | $150,000 | 2.00% | 1.00% | ||
| 2/1/2019 | $310,000 | 2.00% | 1.05% | ||
| 2/1/2020 | $315,000 | 2.00% | 1.25% | ||
| 2/1/2021 | $320,000 | 2.00% | 1.40% | ||
| 2/1/2022 | $330,000 | 2.00% | 1.70% | ||
| 2/1/2023 | $335,000 | 2.00% | 1.80% | ||
| 2/1/2024 | $340,000 | 2.00% | 1.90% | ||
| 2/1/2025 | $350,000 | 2.00% | 2.00% | ||
| 2/1/2026 | $355,000 | 2.75% | 2.05% | ||
| 2/1/2027 | $365,000 | 2.75% | 2.10% | ||
| 2/1/2028 | $375,000 | 3.00% | 2.20% | ||
| 2/1/2029 | $385,000 | 3.00% | 2.25% | ||
| 2/1/2030 | $400,000 | 3.00% | 2.35% | ||
| 2/1/2031 | $410,000 | 3.00% | 2.45% | ||
| 2/1/2032 | $420,000 | 3.00% | 2.55% |
L.O.: Knutson, Flynn & Deans, Mendota Heights, MN.
F.A.: Ehlers, Roseville, MN.
Other bidders were:
Robert W. Baird, TIC 2.4288%
UMB Bank, TIC 2.4598%
Cantor Fitzgerald, TIC 2.4942%
Stifel Nicolaus, TIC 2.497%
Northland Securities, TIC 2.5023%
Raymond James, TIC 2.5038%
Wells Fargo Secs, TIC 2.5556%
MISSOURI
Columbia (City)
3-Apr-17 $5,520,000
Special Obligation Bonds (Solid Waste System Project) Series 2017 (book entry).
Dated Apr 19, 2017.
Due Feb 1, 2018 to 2037.
Callable Feb 1, 2026 at par.
Winning bid: Robert W. Baird, at n/a, TIC 3.0194%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 2/1/2018 | $205,000 | 3.00% | 0.95% | ||
| 2/1/2019 | $210,000 | 3.00% | 1.10% | ||
| 2/1/2020 | $215,000 | 3.00% | 1.30% | ||
| 2/1/2021 | $225,000 | 3.00% | 1.45% | ||
| 2/1/2022 | $230,000 | 3.00% | 1.70% | ||
| 2/1/2023 | $235,000 | 3.00% | 1.85% | ||
| 2/1/2024 | $245,000 | 3.00% | 2.02% | ||
| 2/1/2025 | $250,000 | 3.00% | 2.20% | ||
| 2/1/2026 | $260,000 | 3.00% | 2.35% | ||
| 2/1/2027 | $270,000 | 3.00% | 2.45% | ||
| 2/1/2028 | $275,000 | 3.00% | 2.65% | ||
| 2/1/2029 | $285,000 | 3.00% | 2.80% | ||
| 2/1/2031 | $595,000 | 3.00% | 3.00% | ||
| 2/1/2032 | $310,000 | 3.00% | 3.10% | ||
| 2/1/2033 | $320,000 | 3.13% | 3.20% | ||
| 2/1/2034 | $330,000 | 3.13% | 3.28% | ||
| 2/1/2035 | $340,000 | 3.25% | 3.35% | ||
| 2/1/2036 | $355,000 | 3.25% | 3.40% | ||
| 2/1/2037 | $365,000 | 3.38% | 3.45% |
Other managers: Edward Jones, CL King & Associates, Fidelity Capital Markets, WNJ Capital, Crews & Associates, Inc., Davenport & Company LLC, Dougherty & Company LLC, Ross, Sinclaire & Associates LLC, Loop Capital Markets, LLC, George K. Baum & Co., Northland Securities, Inc., Duncan-Williams, Inc., Oppenheimer & Co., Inc., Country Club Bank, Sierra Pacific Securities, Wayne Hummer & Co., SumRidge Partners, LLC, Vining-Sparks IBG, Limited Partnership, R. Seelaus & Co., Inc., IFS Securities, Central States Capital Markets, LLC, Central Trust Bank, Commerce Bank, Alamo Capital, Wedbush Securities Inc., First Empire Securities, Valdes & Moreno, Inc., Stifel, Nicolaus & Co., Inc., W.H. Mell Associates, Inc., Rafferty Capital Markets LLC, Midland Securities Ltd, FMSbonds, Inc., First Kentucky Securities Corp., Isaak Bond Investments, Inc., D.A. Davidson & Co..
L.O.: Gilmore & Bell, Kansas City, MO.
F.A.: Columbia Capital Management, LLC, Overland Park, KS.
Other bidders were:
Hutchinson Shockey, TIC 3.1006%
Hilltop Securities, TIC 3.1508%
Citigroup, TIC 3.1993%
Morgan Stanley, TIC 3.2231%
UMB Bank, TIC 3.2322%
Columbia (City)
3-Apr-17 $15,790,000
Sewerage System Revenue Bonds, Series 2017 (book entry).
Dated Apr 19, 2017.
Due Oct 1, 2018 to 2037.
Callable Oct 1, 2025 at par.
Winning bid: Hilltop Securities, at n/a, TIC 2.9391%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 10/1/2018 | $565,000 | 2.00% | 1.02% | ||
| 10/1/2019 | $575,000 | 3.00% | 1.19% | ||
| 10/1/2020 | $595,000 | 3.00% | 1.37% | ||
| 10/1/2021 | $615,000 | 4.00% | 1.56% | ||
| 10/1/2022 | $640,000 | 4.00% | 1.75% | ||
| 10/1/2023 | $665,000 | 4.00% | 1.91% | ||
| 10/1/2024 | $700,000 | 5.00% | 2.06% | ||
| 10/1/2025 | $735,000 | 5.00% | 2.18% | ||
| 10/1/2026 | $760,000 | 2.13% | 2.35% | ||
| 10/1/2027 | $775,000 | 2.25% | 2.47% | ||
| 10/1/2028 | $795,000 | 3.00% | 2.61% | ||
| 10/1/2029 | $820,000 | 3.00% | 2.76% | ||
| 10/1/2031 | $1,720,000 | 3.00% | 3.00% | ||
| 10/1/2032 | $900,000 | 3.00% | 3.10% | ||
| 10/1/2033 | $925,000 | 3.00% | 3.16% | ||
| 10/1/2034 | $955,000 | 3.13% | 3.23% | ||
| 10/1/2035 | $985,000 | 3.13% | 3.27% | ||
| 10/1/2036 | $1,015,000 | 3.25% | 3.32% | ||
| 10/1/2037 | $1,050,000 | 3.25% | 3.34% |
Other managers: UBS Financial Services, Inc..
L.O.: Gilmore & Bell, Kansas City, MO.
F.A.: Columbia Capital Management, LLC, Overland Park, KS.
Other bidders were:
Commerce Bank, TIC 2.985%
Hutchinson Shockey, TIC 2.9854%
BA Merrill Lynch, TIC 2.9924%
Robert W. Baird, TIC 2.9943%
Piper Jaffray, TIC 3.0026%
Citigroup, TIC 3.0299%
Morgan Stanley, TIC 3.1132%
UMB Bank, TIC 3.1271%
JPMorgan, TIC 3.1954%
US Bancorp Invest, TIC 3.3886%
NEW JERSEY
Egg Harbor City (City)
3-Apr-17 $1,258,000
Bond Anticipation Notes of 2017, Series A (bank qualified).
Dated Apr 11, 2017.
Due Apr 10, 2018.
Purchased $1,258,000.00 by West Windsor Twp, at 1.2467%, effective rate 1.2467%.
L.O.: Parker, McCay, P.A., Mount Laurel, NJ.
F.A.: Municipal Official(s).
OKLAHOMA
Nowata County Independent School District No. 40 (Nowata)
3-Apr-17 $740,000
Building Bonds of 2017 (bank qualified) (book entry).
Dated May 1, 2017.
Due May 1, 2019.
Non-callable.
Winning bid: UMB Bank, at n/a, NIC 1.525%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 5/1/2019 | $740,000 | 2.00% | 2.15% |
L.O.: State Attorney General; and Hilborne & Weidman, Tulsa, OK.
F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.
Other bidders were:
BOK Fin Secs, NIC 1.75%
Stephens County Independent School District No. 34 (Central High)
3-Apr-17 $445,000
Building Bonds of 2017 (bank qualified) (book entry).
Dated May 1, 2017.
Due May 1, 2019.
Non-callable.
Winning bid: BancFirst, at n/a, NIC 1.295%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 5/1/2019 | $445,000 | 1.30% | NRO |
In association with: First National Bank of Marlow.
L.O.: State Attorney General.
F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.
Other bidders were:
Baker Group, NIC 1.45%
UMB Bank, NIC 1.805%
TEXAS
Fort Bend County Municipal Utility District No. 143
3-Apr-17 $13,500,000
Unlimited Tax Bonds, Series 2017 (book entry).
Dated May 1, 2017.
Due Sep 1, 2018 to 2042.
Callable Sep 1, 2024 at par.
Winning bid: SAMCO Cap Mkts, at 97.4938, NIC 3.5773%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 9/1/2018 | $525,000 | 3.00% | 1.00% | NPFGC | |
| 9/1/2019 | $525,000 | 3.00% | 1.45% | NPFGC | |
| 9/1/2020 | $525,000 | 3.00% | 1.65% | NPFGC | |
| 9/1/2021 | $525,000 | 3.00% | 1.85% | NPFGC | |
| 9/1/2022 | $525,000 | 2.00% | 2.10% | NPFGC | |
| 9/1/2023 | $525,000 | 2.13% | 2.35% | NPFGC | |
| 9/1/2024 | $525,000 | 2.25% | 2.55% | NPFGC | |
| 9/1/2025 | $525,000 | 2.50% | 2.75% | NPFGC | |
| 9/1/2026 | $525,000 | 2.75% | 2.95% | NPFGC | |
| 9/1/2028 | $1,075,000 | 3.00% | 3.15% | NPFGC | |
| 9/1/2029 | $550,000 | 3.00% | 3.25% | NPFGC | |
| 9/1/2030 | $550,000 | 3.13% | 3.35% | NPFGC | |
| 9/1/2031 | $550,000 | 3.25% | 3.45% | NPFGC | |
| 9/1/2033 | $1,100,000 | 3.50% | 3.65% | NPFGC | |
| 9/1/2034 | $550,000 | 3.50% | 3.70% | NPFGC | |
| 9/1/2035 | $550,000 | 3.50% | 3.75% | NPFGC | |
| 9/1/2037 | $1,100,000 | 3.63% | 3.80% | NPFGC | |
| 9/1/2039 | $1,100,000 | 3.75% | 3.85% | NPFGC | |
| 9/1/2042 | $1,650,000 | 3.75% | 3.90% | NPFGC |
Other managers: Crews & Associates, Inc., WNJ Capital, Ross, Sinclaire & Associates LLC, Intercoastal Capital Markets, Inc., Ramirez & Co., Inc., Loop Capital Markets, LLC, Sierra Pacific Securities, Wells Nelson & Associates, LLC, Citigroup Global Markets, Inc., FTN Financial Capital Markets.
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Houston, TX.
Other bidders were:
BA Merrill Lynch, NIC 3.5782%
FMSbonds, NIC 3.6461%
RBC Capital Mkts, NIC 3.7263%
Kelly Lane Water Control and Improvement District No. 1
3-Apr-17 $3,345,000
Unlimited Tax Bonds, Series 2017 (bank qualified) (book entry).
Dated May 3, 2017.
Due Sep 1, 2019 to 2041.
Callable Sep 1, 2024 at par.
Winning bid: SAMCO Cap Mkts, at 97.4526, NIC 3.6165%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 9/1/2019 | $90,000 | 2.00% | 1.50% | NPFGC | |
| 9/1/2020 | $95,000 | 2.00% | 1.70% | NPFGC | |
| 9/1/2021 | $100,000 | 3.00% | 2.00% | NPFGC | |
| 9/1/2022 | $105,000 | 3.00% | 2.15% | NPFGC | |
| 9/1/2023 | $105,000 | 3.00% | 2.30% | NPFGC | |
| 9/1/2024 | $110,000 | 3.00% | 2.45% | NPFGC | |
| 9/1/2026 | $235,000 | 3.00% | 2.85% | NPFGC | |
| 9/1/2028 | $255,000 | 3.00% | 3.05% | NPFGC | |
| 9/1/2030 | $275,000 | 3.00% | 3.20% | NPFGC | |
| 9/1/2032 | $295,000 | 3.25% | 3.40% | NPFGC | |
| 9/1/2034 | $325,000 | 3.50% | 3.60% | NPFGC | |
| 9/1/2036 | $350,000 | 3.50% | 3.70% | NPFGC | |
| 9/1/2038 | $380,000 | 3.63% | 3.75% | NPFGC | |
| 9/1/2041 | $625,000 | 3.75% | 3.85% | NPFGC |
Other managers: Crews & Associates, Inc., WNJ Capital, M. E. Allison & Co., Inc., Ross, Sinclaire & Associates LLC, Intercoastal Capital Markets, Inc., Wells Nelson & Associates, LLC, FTN Financial Capital Markets.
L.O.: McCall Parkhurst & Horton, Austin, TX; and State Attorney General.
F.A.: Specialized Public Finance Inc., Austin, TX.
Other bidders were:
Raymond James, NIC 3.7267%
FMSbonds, NIC 3.7305%
Hilltop Securities, NIC 3.7688%
Morgan Stanley, NIC 3.8885%
Northland Securities, NIC 3.9217%
Montgomery County Municipal Utility District No. 119
3-Apr-17 $4,650,000
Unlimited Tax Road Bonds, Series 2017 (book entry).
Dated May 1, 2017.
Due Apr 1, 2019 to 2042.
Callable Apr 1, 2024 at par.
Winning bid: SAMCO Cap Mkts, at 97.0000, NIC 3.6338%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 4/1/2019 | $175,000 | 3.00% | 1.45% | NPFGC | |
| 4/1/2020 | $175,000 | 3.00% | 1.65% | NPFGC | |
| 4/1/2021 | $175,000 | 3.00% | 1.85% | NPFGC | |
| 4/1/2022 | $175,000 | 3.00% | 2.10% | NPFGC | |
| 4/1/2023 | $175,000 | 2.00% | 2.35% | NPFGC | |
| 4/1/2024 | $175,000 | 2.25% | 2.55% | NPFGC | |
| 4/1/2025 | $200,000 | 2.50% | 2.75% | NPFGC | |
| 4/1/2026 | $200,000 | 2.75% | 2.95% | NPFGC | |
| 4/1/2028 | $400,000 | 3.00% | 3.15% | NPFGC | |
| 4/1/2029 | $200,000 | 3.00% | 3.25% | NPFGC | |
| 4/1/2030 | $200,000 | 3.13% | 3.35% | NPFGC | |
| 4/1/2031 | $200,000 | 3.25% | 3.45% | NPFGC | |
| 4/1/2033 | $400,000 | 3.50% | 3.65% | NPFGC | |
| 4/1/2034 | $200,000 | 3.50% | 3.70% | NPFGC | |
| 4/1/2035 | $200,000 | 3.50% | 3.75% | NPFGC | |
| 4/1/2037 | $400,000 | 3.63% | 3.80% | NPFGC | |
| 4/1/2042 | $1,000,000 | 3.75% | 3.90% | NPFGC |
Other managers: Crews & Associates, Inc., WNJ Capital, M. E. Allison & Co., Inc., Ross, Sinclaire & Associates LLC, Intercoastal Capital Markets, Inc., Sierra Pacific Securities, Wells Nelson & Associates, LLC, FTN Financial Capital Markets, Ramirez & Co., Inc., Loop Capital Markets, LLC, Citigroup Global Markets, Inc..
L.O.: Schwartz, Page & Harding, Houston, TX; and State Attorney General.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Houston, TX.
Other bidders were:
RBC Capital Mkts, NIC 3.6556%
FMSbonds, NIC 3.6636%
Robert W. Baird, NIC 3.6782%
Richardson (City)
3-Apr-17 $19,725,000
General Obligation Bonds, Series 2017 (book entry).
Dated May 4, 2017.
Due Feb 15, 2018 to 2037.
Callable Feb 15, 2027 at par.
Winning bid: Raymond James, at 103.5400, TIC 3.0687%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 2/15/2018 | $450,000 | 3.00% | 0.90% | ||
| 2/15/2019 | $775,000 | 3.00% | 1.09% | ||
| 2/15/2020 | $475,000 | 4.00% | 1.26% | ||
| 2/15/2021 | $415,000 | 2.50% | 1.44% | ||
| 2/15/2022 | $805,000 | 4.00% | 1.66% | ||
| 2/15/2023 | $830,000 | 4.00% | 1.86% | ||
| 2/15/2024 | $865,000 | 4.00% | 2.03% | ||
| 2/15/2025 | $900,000 | 4.00% | 2.19% | ||
| 2/15/2026 | $935,000 | 4.00% | 2.34% | ||
| 2/15/2027 | $980,000 | 4.00% | 2.44% | ||
| 2/15/2028 | $1,025,000 | 4.00% | 2.68% | ||
| 2/15/2029 | $1,065,000 | 4.00% | 2.80% | ||
| 2/15/2030 | $1,110,000 | 3.00% | 3.02% | ||
| 2/15/2031 | $1,155,000 | 3.00% | 3.11% | ||
| 2/15/2032 | $1,200,000 | 3.13% | 3.19% | ||
| 2/15/2033 | $1,245,000 | 3.13% | 3.26% | ||
| 2/15/2034 | $1,295,000 | 3.25% | 3.33% | ||
| 2/15/2035 | $1,345,000 | 3.25% | 3.40% | ||
| 2/15/2036 | $1,400,000 | 3.38% | 3.46% | ||
| 2/15/2037 | $1,455,000 | 3.38% | 3.48% |
Other managers: Morgan Stanley & Co., Inc., Fidelity Capital Markets, Jefferies LLC.
L.O.: Norton Rose Fulbright US LLP, Dallas, TX; and State Attorney General.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Dallas, TX.
Other bidders were:
Citigroup, TIC 3.0704%
BA Merrill Lynch, TIC 3.097%
BOK Fin Secs, TIC 3.1016%
Robert W. Baird, TIC 3.11%
JPMorgan, TIC 3.1182%
RBC Capital Mkts, TIC 3.2327%
Richardson (City)
3-Apr-17 $26,245,000
Combination Tax and Revenue Certificates of Obligation, Series 2017 (book entry).
Dated May 4, 2017.
Due Feb 15, 2018 to 2037.
Callable Feb 15, 2027 at par.
Winning bid: Citigroup, at 103.8400, TIC 2.9582%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 2/15/2018 | $3,650,000 | 2.00% | 0.95% | ||
| 2/15/2019 | $1,365,000 | 2.00% | 1.10% | ||
| 2/15/2020 | $600,000 | 2.00% | 1.30% | ||
| 2/15/2021 | $610,000 | 2.00% | 1.48% | ||
| 2/15/2022 | $1,170,000 | 2.00% | 1.70% | ||
| 2/15/2023 | $1,225,000 | 4.50% | 1.91% | ||
| 2/15/2024 | $1,270,000 | 5.00% | 2.10% | ||
| 2/15/2025 | $1,320,000 | 5.00% | 2.21% | ||
| 2/15/2026 | $1,050,000 | 5.00% | 2.39% | ||
| 2/15/2027 | $1,095,000 | 5.00% | 2.49% | ||
| 2/15/2028 | $1,150,000 | 3.00% | 2.68% | ||
| 2/15/2029 | $1,195,000 | 3.00% | 2.87% | ||
| 2/15/2030 | $1,245,000 | 3.00% | 3.05% | ||
| 2/15/2031 | $1,290,000 | 3.00% | 3.11% | ||
| 2/15/2032 | $1,340,000 | 3.13% | 3.21% | ||
| 2/15/2033 | $1,235,000 | 3.13% | 3.29% | ||
| 2/15/2034 | $1,280,000 | 3.25% | 3.35% | ||
| 2/15/2035 | $1,330,000 | 3.25% | 3.40% | ||
| 2/15/2036 | $1,385,000 | 3.38% | 3.46% | ||
| 2/15/2037 | $1,440,000 | 3.38% | 3.48% |
Other managers: Ramirez & Co., Inc., Drexel Hamilton, LLC., Siebert Cisneros Shank & Co., L.L.C., Estrada Hinojosa & Company, Inc., Intercoastal Capital Markets, Inc., Protective Securities A Division of ProEquities, Roosevelt & Cross, Inc., Wells Nelson & Associates, LLC, William Blair & Company, LLC.
L.O.: Norton Rose Fulbright US LLP, Dallas, TX; and State Attorney General.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Dallas, TX.
Other bidders were:
Raymond James, TIC 2.9807%
Robert W. Baird, TIC 2.9951%
BA Merrill Lynch, TIC 2.9989%
BOK Fin Secs, TIC 3.0057%
JPMorgan, TIC 3.0175%
RBC Capital Mkts, TIC 3.0626%
WISCONSIN
Independence (City)
3-Apr-17 $2,240,000
General Obligation Corporate Purpose Bonds, Series 2017A (bank qualified) (book entry).
Dated Apr 26, 2017.
Due Oct 1, 2018 to Apr 1, 2037.
Callable Oct 1, 2026 at par.
Winning bid: Northland Securities, at 101.3552, TIC 3.4348%.
| Due | Amount | Cpn | Yield | Conc | Ins |
| 10/1/2018 | $30,000 | 3.00% | 1.35% | ||
| 10/1/2019 | $65,000 | 3.00% | 1.50% | ||
| 10/1/2020 | $65,000 | 3.00% | 1.70% | ||
| 10/1/2021 | $95,000 | 3.00% | 1.90% | ||
| 10/1/2022 | $95,000 | 3.00% | 2.00% | ||
| 10/1/2023 | $100,000 | 3.00% | 2.15% | ||
| 10/1/2024 | $105,000 | 3.00% | 2.35% | ||
| 10/1/2025 | $105,000 | 3.00% | 2.50% | ||
| 10/1/2026 | $110,000 | 3.00% | 2.65% | ||
| 10/1/2027 | $110,000 | 3.00% | 2.80% | ||
| 10/1/2029 | $235,000 | 3.50% | 3.00% | ||
| 10/1/2031 | $255,000 | 3.50% | 3.20% | ||
| 10/1/2033 | $265,000 | 3.50% | 3.38% | ||
| 10/1/2035 | $285,000 | 4.00% | 3.50% | ||
| 4/1/2037 | $320,000 | 4.00% | 3.75% |
Other managers: D.A. Davidson & Co..
L.O.: Fryberger, Buchanan, Smith & Frederick, Duluth, MN.
F.A.: Ehlers, Roseville, MN.
Other bidders were:
Robert W. Baird, TIC 3.6556%