ARIZONA
Scottsdale (City)
May 20, 2025 $112,375,000
Municipal Property Corporation Excise Tax Revenue Bonds, Series 2025 (book entry).
Dated Jun 11, 2025.
Due Jul 1, 2026 to 2045.
Callable Jul 1, 2035 at par.
Winning bid: Truist Secs, Inc., at 106.7699, TIC 3.9151%.
L.O.: Greenberg Traurig, LLP, Phoenix, AZ.
F.A.: Piper Sandler & Co, Phoenix, AZ.
Other bidders were:
JPMorgan, TIC 3.9164%
Morgan Stanley, TIC 3.9235%
BofA Securities, TIC 3.9258%
Wells Fargo Corp, TIC 3.9566%
Jefferies, TIC 3.9785%
Mesirow Financial, TIC 3.9959%
Baird, TIC 4.132%
CONNECTICUT
East Haddam (Town)
May 20, 2025 $6,565,000
General Obligation Bonds, Issue of 2025 (bank qualified) (book entry).
Dated Jun 3, 2025.
Due Jun 1, 2026 to 2045.
Callable Jun 1, 2033 at par.
Winning bid: Brownstone Inv Grp, at 104.9907, TIC 3.6152%.
L.O.: Updike, Kelly & Spellacy, P.C., Hartford, CT.
F.A.: Munistat Services, Inc., Madison, CT.
Other bidders were:
StoneX Fin Inc., TIC 3.6506%
TD Securities, TIC 3.6659%
Roosevelt & Cross, TIC 3.7005%
Hilltop Securities, TIC 3.7904%
Baird, TIC 3.7992%
Woodbridge (Town)
May 21, 2025 $800,000
General Obligtion Bonds, Issue of 2025 (bank qualified) (book entry).
Dated Jun 4, 2025.
Due Jul 15, 2026 to 2033.
Non-callable.
Winning bid: Brownstone Inv Grp, at 107.8305, TIC 3.132%.
L.O.: Pullman & Comley, Hartford, CT.
F.A.: Phoenix Advisors, LLC, Milford, CT.
Other bidders were:
SWBC Investment Svcs, TIC 3.1432%
TD Securities, TIC 3.283%
Bancroft Capital, TIC 3.3475%
Bernardi Securities, TIC 3.4896%
Roosevelt & Cross, TIC 3.4913%
IOWA
Storm Lake Community School District
May 21, 2025 $9,995,000
School Infrastructure Sales, Services and Use Tax Revenue Bonds, Series 2025 (bank qualified) (book entry).
Dated Jul 1, 2025.
Due Jul 1, 2026 to 2045.
Callable Jul 1, 2032 at par.
Winning bid: BOK Fin Secs, at 98.8000, TIC 4.4986%.
L.O.: Ahlers & Cooney, P.C., Des Moines, IA.
F.A.: Piper Sandler & Co, Des Moines, IA.
Other bidders were:
Baird, TIC 4.534%
TD Securities, TIC 4.6375%
Northland Securities, TIC 4.7148%
Westwood Community School District
May 21, 2025 $4,800,000
School Infrastructure Sales, Services and Use Tax Revenue Bonds, Series 2025 (bank qualified) (book entry).
Dated Jul 9, 2025.
Due Jun 1, 2026 to 2040.
Callable Jun 1, 2031 at par.
Winning bid: Baird, at 100.3433, TIC 4.2559%.
Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Fidelity Capital Markets, Crews & Associates, Inc., SouthState | DuncanWilliams Securities Corp., Country Club Bank, The Baker Group, Middlegate Securities, Cadz Securities Inc,, Carty, Harding, & Hearn, Inc., Celadon Financial Group, LLC, FMSbonds, Inc., First Kentucky Securities Corp., Isaak Bond Investments, Inc., Midland Securities Ltd, First Southern LLC, Blaylock Van, LLC, Multi-Bank Securities Inc., Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., A.G.P./Alliance Global Partners, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Ahlers & Cooney, P.C., Des Moines, IA.
F.A.: Piper Sandler & Co, Des Moines, IA.
Other bidders were:
TD Securities, TIC 4.2625%
BOK Fin Secs, TIC 4.2875%
Bernardi Securities, TIC 4.4065%
Northland Securities, TIC 4.5887%
KENTUCKY
McLean County School District Finance Corporation
May 21, 2025 $3,210,000
School Building Revenue Bonds, Series of 2025 (Kentucky School District Enhancement Program) (bank qualified) (book entry).
Dated Jun 11, 2025.
Due Jun 1, 2026 to 2045.
Callable Jun 1, 2033 at par.
Winning bid: BOK Fin Secs, at 98.0175, NIC 4.3811%.
L.O.: Steptoe & Johnson PLLC, Louisville, KY.
F.A.: RSA Advisors, LLC, Lexington, KY.
Other bidders were:
TD Securities, NIC 4.4838%
Baird, NIC 4.5525%
Bernardi Securities, NIC 4.5659%
Raymond James, NIC 4.6095%
StoneX Fin Inc., NIC 4.6176%
MARYLAND
Washington County
May 20, 2025 $23,540,000
Public Improvement and Refunding Bonds of 2025 (book entry).
Dated Jun 3, 2025.
Due Jul 1, 2026 to 2045.
Callable Jul 1, 2034 at par.
Winning bid: Janney Montgomery, at 106.6169, TIC 3.8042%.
L.O.: Funk & Bolton, Baltimore, MD.
F.A.: First Tryon Advisors, LLC, Annapolis, MD; and First Tryon Advisors, Charlotte, NC.
Other bidders were:
Hilltop Securities, TIC 3.8373%
UBS Financial Svcs, TIC 3.8446%
BofA Securities, TIC 3.8458%
Piper Sandler, TIC 3.8591%
Huntington Secs, TIC 3.8594%
Fidelity Capital, TIC 3.8693%
Mesirow Financial, TIC 3.8721%
BNY Mellon Cap Mkts, TIC 3.8755%
StoneX Fin Inc., TIC 3.8814%
FHN Fin Cap Mkts, TIC 3.8871%
MASSACHUSETTS
Massachusetts Bay Transportation Authority
May 21, 2025 $94,260,000
Senior Sales Tax Bonds, 2025 Series A (book entry).
Dated Jun 5, 2025.
Due Jul 1, 2033 to 2045.
Callable Jul 1, 2035 at par.
Winning bid: Jefferies, at 109.8739, TIC 4.0477%.
L.O.: Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, P.C., Boston, MA.
F.A.: Public Resources Advisory Group, New York, NY.
Other bidders were:
Hilltop Securities, TIC 4.0558%
BofA Securities, TIC 4.0587%
Morgan Stanley, TIC 4.0751%
JPMorgan, TIC 4.0752%
Barclays Capital, TIC 4.0832%
Wells Fargo Corp, TIC 4.0845%
Raymond James, TIC 4.0906%
RBC Capital Mkts, TIC 4.0928%
Truist Secs, Inc., TIC 4.0934%
Mesirow Financial, TIC 4.1159%
Huntington Secs, TIC 4.1353%
Janney Montgomery, TIC 4.1491%
TD Securities, TIC 4.1497%
Goldman Sachs, TIC 4.1574%
Baird, TIC 4.2969%
Needham (Town)
May 21, 2025 $11,126,235
General Obligation Bond Anticipation Notes (book entry).
Dated Jun 2, 2025.
Due Oct 30, 2025.
Purchased $11,126,235.00 by Jefferies, at 3.5%, plus $22,586.25, effective rate 3.0062%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Truist Secs, Inc., Effective Rate 3.1535%
Fidelity Capital, Effective Rate 3.1681%
TD Securities, Effective Rate 3.2338%
Oppenheimer, Effective Rate 3.5232%
Provincetown (Town)
May 21, 2025 $8,758,867
General Obligation Bond Anticipation Notes (book entry).
Dated Jun 18, 2025.
Due Jun 18, 2026.
Purchased $8,758,867.00 by Fidelity Capital, at 4.0%, plus $84,785.83, effective rate 3.032%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Truist Secs, Inc., Effective Rate 3.074%
Jefferies, Effective Rate 3.084%
BNY Mellon Cap Mkts, Effective Rate 3.1269%
TD Securities, Effective Rate 3.129%
Oppenheimer, Effective Rate 3.13%
Provincetown (Town)
May 21, 2025 $17,085,000
General Obligation Municipal Purpose Loan of 2025 Bonds (book entry).
Dated Jun 18, 2025.
Due Jun 15, 2026 to 2050.
Callable Jun 15, 2034 at par.
Winning bid: Fidelity Capital, at 107.0545, TIC 3.8212%.
Other managers: Raymond James & Associates, Inc., Advisors Asset Management Inc, SumRidge Partners, LLC, American Veterans Group, Ramirez & Co., Inc., SAMCO Capital Markets, Morgan Stanley & Co., Inc., Zeus Financial, LLC.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
FHN Fin Cap Mkts, TIC 3.9433%
Baird, TIC 3.9714%
Janney Montgomery, TIC 4.0071%
Reading (Town)
May 21, 2025 $3,000,000
General Obligation Bond Anticipation Notes (bank qualified) (book entry).
Dated May 30, 2025.
Due Mar 13, 2026.
Purchased $3,000,000.00 by Fidelity Capital, at 4.0%, plus $17,520.00, effective rate 3.2571%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Piper Sandler, Effective Rate 3.3245%
Oppenheimer, Effective Rate 3.432%
Watertown (City)
May 21, 2025 $55,440,000
General Obligation Municipal Purpose Loan of 2025 Bonds (book entry).
Dated Jun 5, 2025.
Due Jun 1, 2026 to 2055.
Callable Jun 1, 2034 at par.
Winning bid: Morgan Stanley, at 102.9532, TIC 4.2767%.
Other managers: Raymond James & Associates, Inc., Fidelity Capital Markets, Ramirez & Co., Inc., Advisors Asset Management Inc, SumRidge Partners, LLC, Cabrera Capital Markets, LLC, Siebert Williams Shank & Co., L.L.C, American Veterans Group.
L.O.: Hinckley, Allen & Snyder, Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Baird, TIC 4.3395%
Wells Fargo Corp, TIC 4.35%
Janney Montgomery, TIC 4.4598%
MICHIGAN
Anchor Bay School District
May 21, 2025 $53,260,000
2025 School Building and Site Bonds, Series II (General Obligation - Unlimited Tax) (Michigan School Bond Qualification and Loan Program).
Dated Jun 17, 2025.
Due Nov 1, 2026 to 2054.
Callable May 1, 2035 at par.
Winning bid: Jefferies, at 102.1013, TIC 4.8365%.
L.O.: Thrun Law Firm, P.C., East Lansing, MI.
F.A.: Baker Tilly Municipal Advisors, LLC, East Lansing, MI.
Other bidders were:
Wells Fargo Corp, TIC 4.8491%
UBS Financial Svcs, TIC 4.851%
Truist Secs, Inc., TIC 4.862%
Raymond James, TIC 4.8723%
Huntington Secs, TIC 4.8749%
KeyBanc Cap Mkts, TIC 4.8997%
Baird, TIC 4.903%
Portage-Base Line Intercounty Lake Level Control District
May 21, 2025 $1,185,000
2025 Lake Level Bonds (Limited Tax General Obligation) (bank qualified) (book entry).
Dated Jun 11, 2025.
Due Jun 1, 2026 to 2033.
Non-callable.
Winning bid: Baird, at 106.2722, TIC 3.4973%.
Other managers: CL King & Associates, Fidelity Capital Markets, Crews & Associates, Inc., Northland Securities, Inc., A.G.P./Alliance Global Partners, Cadz Securities Inc,, Carty, Harding, & Hearn, Inc., Celadon Financial Group, LLC, Midland Securities Ltd, Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, Blaylock Van, LLC, Mountainside Securities LLC, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.
F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.
Other bidders were:
Brownstone Inv Grp, TIC 3.5099%
Bernardi Securities, TIC 3.5114%
TD Securities, TIC 3.5285%
MINNESOTA
Fridley Independent School District No. 14
May 20, 2025 $14,500,000
General Obligation School Building Bonds, Series 2025A (Minnesota School District Credit Enhancement Program) (book entry).
Dated Jun 12, 2025.
Due Feb 1, 2029 to 2045.
Callable Feb 1, 2033 at par.
Winning bid: Hilltop Securities, at 102.1217, TIC 4.6646%.
L.O.: Kennedy & Graven, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
Raymond James, TIC 4.6747%
Baird, TIC 4.9476%
Rochester Independent School District No. 535
May 20, 2025 $32,505,000
General Obligation Facilities Maintenance Bonds, Series 2025A (Minnesota School District Credit Enhancement Program) (book entry).
Dated Jun 12, 2025.
Due Feb 1, 2027 to 2042.
Callable Feb 1, 2033 at par.
Winning bid: Hilltop Securities, at 105.9291, TIC 3.9705%.
L.O.: Dorsey & Whitney, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; Ehlers, Waukesha, WI; and Ehlers, Denver, CO.
Other bidders were:
BofA Securities, TIC 3.9792%
Piper Sandler, TIC 3.9882%
Huntington Secs, TIC 4.0346%
UBS Financial Svcs, TIC 4.0394%
TD Securities, TIC 4.0764%
Fidelity Capital, TIC 4.1298%
Baird, TIC 4.1397%
Round Lake-Brewster Independent School District No. 2907
May 21, 2025 $9,980,000
General Obligation School Building Bonds, Series 2025A (Minnesota School District Credit Enhancement Program) (book entry).
Dated Jun 12, 2025.
Due Feb 1, 2026 to 2040.
Callable Feb 1, 2033 at par.
Winning bid: Baird, at 104.8465, TIC 3.8302%.
Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Northland Securities, Inc., Country Club Bank, Crews & Associates, Inc., Carty, Harding, & Hearn, Inc., Middlegate Securities, Cadz Securities Inc,, A.G.P./Alliance Global Partners, Isaak Bond Investments, Inc., Celadon Financial Group, LLC, Oppenheimer & Co., Inc., BOK Financial Securities, FMSbonds, Inc., First Kentucky Securities Corp., Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., Blaylock Van, LLC, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Bernardi Securities, Inc..
L.O.: Kennedy & Graven, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
Fidelity Capital, TIC 3.8485%
Hilltop Securities, TIC 3.9114%
TD Securities, TIC 3.9685%
MISSISSIPPI
Oxford (City)
May 20, 2025 $5,000,000
General Obligation Bonds (Public Improvements Issue), Series 2025 (book entry).
Dated Jun 5, 2025.
Due May 1, 2026 to 2045.
Callable May 1, 2035 at par.
Winning bid: Bernardi Securities, at 101.0535, NIC 4.2389%.
L.O.: Butler Snow, LLP, Ridgeland, MS.
F.A.: Government Consultants, Inc., Madison, MS; and Government Consultants, Inc., Jackson, MS.
Other bidders were:
Carty & Co, NIC 4.2397%
Baird, NIC 4.2697%
TD Securities, NIC 4.2706%
Raymond James, NIC 4.3015%
Crews & Associates, NIC 4.3379%
Duncan-Williams, NIC 4.4832%
NEW HAMPSHIRE
Portsmouth (City)
May 21, 2025 $7,131,000
General Obligation Bond Anticipation Notes (book entry).
Dated Jun 20, 2025.
Due Jun 18, 2026.
Purchased $7,131,000.00 by BNY Mellon Cap Mkts, at 4.25%, plus $82,876.48, effective rate 3.0813%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Jefferies, Effective Rate 3.1241%
Oppenheimer, Effective Rate 3.1312%
TD Securities, Effective Rate 3.2277%
Fidelity Capital, Effective Rate 3.2307%
M & T Bank, Effective Rate 3.79%
Portsmouth (City)
May 21, 2025 $24,255,000
General Obligation Capital Improvement Loan Bonds (book entry).
Dated Jun 18, 2025.
Due Jun 15, 2026 to 2055.
Callable Jun 15, 2034 at par.
Winning bid: Fidelity Capital, at 104.2383, TIC 4.0995%.
Other managers: Raymond James & Associates, Inc., Advisors Asset Management Inc, SumRidge Partners, LLC, American Veterans Group, Ramirez & Co., Inc., SAMCO Capital Markets, Morgan Stanley & Co., Inc., Zeus Financial, LLC.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
FHN Fin Cap Mkts, TIC 4.0998%
UBS Financial Svcs, TIC 4.1086%
Huntington Secs, TIC 4.1116%
Baird, TIC 4.1196%
NEW JERSEY
Burlington (City)
May 21, 2025 $9,678,000
Bond Anticipation Notes of 2025, Series A Consisting of: $4,440,500 General Improvement Notes $1,909,900 Water Utility Notes $3,327,600 Sewer Utility Notes (bank qualified) (book entry).
Dated Jun 5, 2025.
Due Jun 4, 2026.
Purchased $9,678,000.00 by Piper Sandler, at 4.25%, plus $96,876.78, effective rate 3.2462%.
L.O.: Parker, McCay, P.A., Mount Laurel, NJ.
F.A.: Phoenix Advisors, Hamilton, NJ.
Other bidders were:
Oppenheimer, Effective Rate 3.3094%
TD Securities, Effective Rate 3.3141%
BNY Mellon Cap Mkts, Effective Rate 3.3283%
Jefferies, Effective Rate 3.3362%
Carteret Borough
May 21, 2025 $29,967,000
Bond Anticipation Note, Series 2025 (book entry).
Dated May 29, 2025.
Due May 28, 2026.
Purchased $29,967,000.00 by TD Securities, at 3.5%, plus $122,565.03, effective rate 3.0899%.
L.O.: McManimon Scotland & Baumann, Roseland, NJ.
F.A.: Acacia Financial Group, Inc., Mount Laurel, NJ.
Other bidders were:
Oppenheimer, Effective Rate 3.3753%
BNY Mellon Cap Mkts, Effective Rate 3.5852%
Lawrence Township (Mercer County)
May 21, 2025 $5,942,000
Bond Anticipation Notes, Series 2025 (bank qualified) (book entry).
Dated Jun 4, 2025.
Due Jun 3, 2026.
Purchased $5,942,000.00 by Oppenheimer, at 4.0%, plus $28,283.92, effective rate 3.5227%.
L.O.: McManimon Scotland & Baumann, Roseland, NJ.
F.A.: Phoenix Advisors, Hamilton, NJ.
Other bidders were:
Piper Sandler, Effective Rate 3.5277%
BNY Mellon Cap Mkts, Effective Rate 3.596%
Newark (City)
May 21, 2025 $6,000,000
Bond Anticipation Notes, Series 2025C (Path Home Program) (book entry).
Dated Jun 4, 2025.
Due Jun 3, 2026.
Purchased $6,000,000.00 by Oppenheimer, at 4.0%, plus $28,200.00, effective rate 3.5287%.
L.O.: Decotiis FitzPatrick, Cole & Giblin, LLP, Paramus, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
Other bidders were:
TD Securities, Effective Rate 3.8853%
Newark (City)
May 21, 2025 $6,000,000
Special Emergency Notes, Series 2025D (book entry).
Dated Jun 4, 2025.
Due Jun 3, 2026.
Purchased $6,000,000.00 by Piper Sandler, at 4.25%, plus $19,320.00, effective rate 3.9271%.
L.O.: Decotiis FitzPatrick, Cole & Giblin, LLP, Paramus, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
Other bidders were:
TD Securities, Effective Rate 4.0899%
Oppenheimer, Effective Rate 4.7413%
NEW YORK
Ardsley Union Free School District
May 21, 2025 $11,052,000
Bond Anticipation Notes, 2025.
Dated Jun 3, 2025.
Due Jun 3, 2026.
Purchased $11,052,000.00 by Jefferies, at 4.0%, plus $109,414.80, effective rate 3.01%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Capital Markets Advisors, LLC, Great Neck, NY; and Capital Markets Advisors, LLC, New York, NY.
Other bidders were:
Oppenheimer, Effective Rate 3.0768%
TD Securities, Effective Rate 3.09%
BNY Mellon Cap Mkts, Effective Rate 3.1215%
Glen Cove (City)
May 21, 2025 $4,272,418
Bond Anticipation Notes - 2025.
Dated Jun 4, 2025.
Due Jun 4, 2026.
Purchased $4,272,418.00 by TD Securities, at 4.5%, plus $20,379.43, effective rate 4.023%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Capital Markets Advisors, LLC, Great Neck, NY; and Capital Markets Advisors, LLC, New York, NY.
Other bidders were:
Roosevelt & Cross, Effective Rate 4.06%
Piper Sandler, Effective Rate 4.357%
Oppenheimer, Effective Rate 4.6054%
Glen Cove (City)
May 21, 2025 $8,020,000
Public Improvement Serial Bonds - 2025 (book entry).
Dated Jun 4, 2025.
Due Jun 1, 2026 to 2044.
Callable Jun 1, 2033 at par.
Winning bid: Roosevelt & Cross, at 100.1348, TIC 4.3902%.
Other managers: FHN Financial Capital Markets, Stifel, Nicolaus & Co., Inc., Oppenheimer & Co., Inc., CINCaP Investment Group.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Capital Markets Advisors, LLC, Great Neck, NY; and Capital Markets Advisors, LLC, New York, NY.
Other bidders were:
Raymond James, TIC 4.3933%
Baird, TIC 4.5267%
Middlesex (Town)
May 21, 2025 $262,000
Bond Anticipation Notes, 2025 (Renewal) (bank qualified).
Dated Jun 4, 2025.
Due Jun 4, 2026.
Purchased $262,000.00 by Roosevelt & Cross, at 4.5%, plus $783.00, effective rate 4.2012%.
L.O.: Timothy R. McGill, Esq., Fairport, NY.
F.A.: Bernard P. Donegan, Inc., Fairport, NY.
Other bidders were:
Bank of Greene Co, Effective Rate 4.26%
Lyons National Bk, Effective Rate 4.45%
Oppenheimer, Effective Rate 5.2271%
Tonawanda (City)
May 21, 2025 $9,876,000
Bond Anticipation Notes, 2025.
Dated May 29, 2025.
Due May 28, 2026.
Purchased $9,876,000.00 by Jefferies, at 4.0%, plus $79,106.76, effective rate 3.1968%.
L.O.: Hodgson, Russ LLP, Buffalo, NY.
F.A.: Municipal Solutions, Inc., LeRoy, NY; and Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
BNY Capital Mkts, Effective Rate 3.24%
Oppenheimer, Effective Rate 3.3698%
Tonawanda City School District
May 21, 2025 $42,226,532
Bond Anticipation Notes, 2025.
Dated Jun 12, 2025.
Due Jun 12, 2026.
Purchased $42,226,532.00 by Jefferies, at 4.0%, plus $386,372.76, effective rate 3.085%.
L.O.: Hodgson, Russ LLP, Buffalo, NY.
F.A.: Capital Markets Advisors, LLC, Orchard Park, NY.
Other bidders were:
JPMorgan, Effective Rate 3.085%
Truist Secs, Inc., Effective Rate 3.094%
TD Securities, Effective Rate 3.098%
Oppenheimer, Effective Rate 3.1523%
BNY Mellon Cap Mkts, Effective Rate 3.1628%
PENNSYLVANIA
South Fayette Township School District
May 20, 2025 $20,000,000
General Obligation Bonds, Series of 2025 (book entry).
Dated Jun 24, 2025.
Due Oct 1, 2026 to 2053.
Callable Oct 1, 2033 at par.
Winning bid: Janney Montgomery, at n/a, TIC 4.6802%.
L.O.: Dinsmore & Shohl LLP, Pittsburgh, PA.
F.A.: PFM Financial Advisors LLC, Harrisburg, PA.
Other bidders were:
TD Securities, TIC 4.734%
Baird, TIC 4.8421%
Hilltop Securities, TIC 4.8682%
Fidelity Capital, TIC 4.9736%
SOUTH DAKOTA
South Dakota Conservancy District
May 21, 2025 $197,205,000
State Revolving Fund Program Bonds Series 2025A (book entry).
Dated Jun 4, 2025.
Due Aug 1, 2026 to 2055.
Callable Aug 1, 2035 at par.
Winning bid: BofA Securities, at 105.8807, TIC 4.4897%.
L.O.: Perkins Coie, Chicago, IL.
F.A.: PFM Financial Advisors LLC, Minneapolis, MN.
Other bidders were:
JPMorgan, TIC 4.5158%
Morgan Stanley, TIC 4.5176%
Wells Fargo Corp, TIC 4.522%
Truist Secs, Inc., TIC 4.5222%
Baird, TIC 4.6665%
TENNESSEE
Chattanooga (City)
May 21, 2025 $145,900,000
Electric System Refunding Revenue Bonds, Series 2025 (For the Use and Benefit of The Electric Power Board of Chattanooga) (book entry).
Dated Jun 5, 2025.
Due Sep 1, 2026 to 2040.
Callable Sep 1, 2035 at par.
Winning bid: BofA Securities, at 108.6913, TIC 3.202%.
L.O.: Bass, Berry & Sims PLC, Nashville, TN.
F.A.: PFM Financial Advisors LLC, Arlington, VA.
Other bidders were:
Barclays Capital, TIC 3.208%
JPMorgan, TIC 3.218%
Jefferies, TIC 3.2349%
Morgan Stanley, TIC 3.2404%
Truist Secs, Inc., TIC 3.2405%
Wells Fargo Corp, TIC 3.287%
RBC Capital Mkts, TIC 3.3224%
Baird, TIC 3.6041%
TEXAS
Brazoria County Municipal Utility District No. 22
May 20, 2025 $12,320,000
Unlimited Tax Park Bonds, Series 2025 (book entry).
Dated Jun 1, 2025.
Due Sep 1, 2026 to 2049.
Callable Sep 1, 2030 at par.
Winning bid: RBC Capital Mkts, at 98.0000, NIC 4.738%.
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: Baird, Houston, TX.
Other bidders were:
SAMCO Cap Mkts, NIC 4.7644%
UMB Bank, NIC 4.7901%
Northland Securities, NIC 4.8001%
Hilltop Securities, NIC 4.8055%
Raymond James, NIC 4.8057%
Crews & Associates, NIC 4.8082%
Bernardi Securities, NIC 4.8207%
BofA Securities, NIC 4.8293%
Brazoria County Municipal Utility District No. 53
May 21, 2025 $6,950,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Jun 1, 2025.
Due Apr 1, 2028 to 2050.
Callable Apr 1, 2030 at par.
Winning bid: Raymond James, at 97.0910, NIC 4.9068%.
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: GMS Group, L.L.C., Houston, TX.
Other bidders were:
SAMCO Cap Mkts, NIC 4.9428%
RBC Capital Mkts, NIC 5.0542%
Hilltop Securities, NIC 5.0983%
Baird, NIC 5.1229%
Harris County Municipal Utility District No. 188
May 21, 2025 $1,755,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Jun 1, 2025.
Due Apr 1, 2027 to 2050.
Callable Apr 1, 2030 at par.
Winning bid: Raymond James, at 97.0947, NIC 4.6298%.
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: GMS Group, L.L.C., Houston, TX.
Other bidders were:
Baker Group, NIC 4.6392%
SAMCO Cap Mkts, NIC 4.7894%
Baird, NIC 4.7947%
Bernardi Securities, NIC 4.818%
TD Securities, NIC 4.8478%
Hilltop Securities, NIC 4.8997%
Horseshoe Bay (City)
May 20, 2025 $9,700,000
Combination Tax and Revenue Certificates of Obligation, Series 2025 (book entry).
Dated Jun 11, 2025.
Due Aug 15, 2025 to 2045.
Callable Aug 15, 2034 at par.
Winning bid: TRB Cap Mkts, at 103.2736, TIC 4.1996%.
L.O.: Bracewell LLP, Austin, TX; and State Attorney General.
F.A.: Specialized Public Finance Inc., Austin, TX.
Other bidders were:
Fidelity Capital, TIC 4.2374%
Hilltop Securities, TIC 4.2448%
TD Securities, TIC 4.3008%
SWBC Investment Svcs, TIC 4.311%
Crews & Associates, TIC 4.3171%
BOK Fin Secs, TIC 4.3272%
Baird, TIC 4.3366%
Bancroft Capital, TIC 4.4257%
McKinney (City)
May 21, 2025 $27,985,000
Tax and Limited Pledge Waterworks and Sewer System
Revenue Certificates of Obligation, Series 2025 (book entry).
Dated Jun 18, 2025.
Due Aug 15, 2026 to 2045.
Callable Aug 15, 2035 at par.
Winning bid: BOK Fin Secs, at 107.2121, TIC 4.2107%.
L.O.: Norton Rose Fulbright US LLP, Dallas, TX; and State Attorney General.
F.A.: Estrada Hinojosa & Company, Inc., Dallas, TX.
Other bidders were:
Baird, TIC 4.2192%
Raymond James, TIC 4.2321%
Hilltop Securities, TIC 4.2345%
Truist Secs, Inc., TIC 4.2453%
Wells Fargo Corp, TIC 4.2856%
Panhandle Independent School District
May 20, 2025 $2,975,000
Unlimited Tax School Building Bonds, Series 2025 (Permanent School Fund Guarantee Program) (bank qualified) (book entry).
Dated Jun 1, 2025.
Due Feb 15, 2026 to 2040.
Callable Feb 15, 2032 at par.
Winning bid: Raymond James, at 104.2612, TIC 3.7878%.
L.O.: McCall Parkhurst & Horton, San Antonio, TX; and State Attorney General.
F.A.: SAMCO Capital Markets, Plano, TX.
Other bidders were:
Baird, TIC 3.9388%
FHN Fin Cap Mkts, TIC 3.9464%
BOK Fin Secs, TIC 4.0042%
Piper Sandler, TIC 4.2315%
SWBC Investment Svcs, TIC 4.2595%
Hilltop Securities, TIC 4.3%
Bancroft Capital, TIC 4.4091%
Rockwall County Municipal Utility District No. 7
May 20, 2025 $1,620,000
Unlimited Tax Road Bonds, Series 2025 (bank qualified) (book entry).
Dated Jun 1, 2025.
Due Oct 1, 2045 to 2050.
Callable Jun 1, 2031 at par.
Winning bid: SAMCO Cap Mkts, at 97.0008, NIC 5.0817%.
Other managers: FHN Financial Capital Markets, Intercoastal Capital Markets, Inc., M. E. Allison & Co., Inc., R. Seelaus & Co., Inc., Ramirez & Co., Inc., CINCaP Investment Group, Estrada Hinojosa & Company, Inc., Carty, Harding, & Hearn, Inc., Bancroft Capital, LLC, StoneX Financial Inc., Cadz Securities Inc,.
L.O.: Winstead PC, Dallas, TX; and State Attorney General.
F.A.: Baird, Irving, TX.
Other bidders were:
Raymond James, NIC 5.1072%
Hilltop Securities, NIC 5.2539%
Northland Securities, NIC 5.2804%
RBC Capital Mkts, NIC 5.3748%
Sugar Land (City)
May 20, 2025 $64,545,000
Waterworks and Sewer System Revenue Bonds, Series 2025 (book entry).
Dated Jun 1, 2025.
Due Aug 15, 2026 to 2055.
Callable Aug 15, 2034 at par.
Winning bid: JPMorgan, at 105.3881, TIC 4.4772%.
L.O.: Hunton Andrews Kurth LLP, Houston, TX; and State Attorney General.
F.A.: Hilltop Securities Inc., Houston, TX.
Other bidders were:
BofA Securities, TIC 4.4796%
Morgan Stanley, TIC 4.4979%
Mesirow Financial, TIC 4.4991%
Jefferies, TIC 4.5022%
Wells Fargo Corp, TIC 4.507%
Baird, TIC 4.5523%
BOK Fin Secs, TIC 4.5582%
UTAH
Salt Lake City School District Board of Education
May 21, 2025 $142,730,000
General Obligation Bonds, Series 2025 (Utah School District Bond Guaranty Program) (book entry).
Dated Jun 4, 2025.
Due Mar 1, 2026 to 2045.
Callable Mar 1, 2035 at par.
Winning bid: BofA Securities, at 104.2795, TIC 4.0%.
L.O.: Chapman and Cutler LLP, Salt Lake City, UT.
F.A.: Zions Public Finance, Salt Lake City, UT.
Other bidders were:
JPMorgan, TIC 4.024%
Wells Fargo Corp, TIC 4.0372%
Morgan Stanley, TIC 4.0386%
Piper Sandler, TIC 4.0393%
RBC Capital Mkts, TIC 4.0413%
Barclays Capital, TIC 4.0887%
Baird, TIC 4.1528%
VIRGINIA
Economic Development Authority of Pulaski County
May 21, 2025 $10,750,000
Public Facility Revenue Bonds, Series 2025 (book entry).
Dated Jun 4, 2025.
Due Nov 1, 2025 to 2044.
Callable Nov 1, 2035 at par.
Winning bid: Wells Fargo Corp, at 102.6617, TIC 4.5258%.
L.O.: Spilman Thomas & Battle, PLLC, Roanoke, VA.
F.A.: Davenport & Company LLC, Richmond, VA.
Other bidders were:
Baird, TIC 4.7077%
WISCONSIN
Allouez Village
May 21, 2025 $6,480,000
General Obligation Promissory Notes, Series 2025A (bank qualified) (book entry).
Dated Jun 5, 2025.
Due Apr 1, 2026 to 2045.
Callable Apr 1, 2034 at par.
Winning bid: BOK Fin Secs, at 102.5711, TIC 3.9192%.
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: Ehlers, Waukesha, WI; and Ehlers, Roseville, MN.
Other bidders were:
Baird, TIC 4.0137%
Northland Securities, TIC 4.127%
TD Securities, TIC 4.206%
Madison Area Technical College District
May 20, 2025 $3,000,000
General Obligation Promissory Notes, Series 2024-25J (book entry).
Dated Jun 10, 2025.
Due Mar 1, 2031 to 2032.
Non-callable.
Winning bid: TD Securities, at 104.1383, TIC 3.5726%.
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: PMA Securities, Inc., Milwaukee, WI.
Other bidders were:
Brownstone Inv Grp, TIC 3.6439%
Baird, TIC 3.6664%
Huntington Secs, TIC 3.675%
Fidelity Capital, TIC 3.816%
Bernardi Securities, TIC 3.8188%
TAXABLE ISSUES
OKLAHOMA
Canadian County Independent School District No. 22 (Piedmont)
May 21, 2025 $11,925,000
Taxable Combined Purpose Building Bonds of 2025 (book entry).
Dated Jul 1, 2025.
Due Jul 1, 2027.
Non-callable.
Winning bid: Baird, at 100.0060, NIC 4.947%.
Other managers: CL King & Associates, Colliers Securities LLC, Crews & Associates, Inc., Northland Securities, Inc., Oppenheimer & Co., Inc., Cadz Securities Inc,, First Bankers' Banc Securities Inc., SouthState | DuncanWilliams Securities Corp., Country Club Bank, Bernardi Securities, Inc., Isaak Bond Investments, Inc., Celadon Financial Group, LLC, BOK Financial Securities, A.G.P./Alliance Global Partners, First Kentucky Securities Corp., First Southern LLC, Multi-Bank Securities Inc., Dinosaur Securities, Mountainside Securities LLC, StoneX Financial Inc., Central States Capital Markets, LLC, Blaylock Van, LLC, Carty, Harding, & Hearn, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Phillips Murrah, P.C., Oklahoma City, OK; and State Attorney General.
F.A.: Stephen L. Smith Corp., Jenks, OK.
Creek County Independent School District No. 2 (Bristow)
May 20, 2025 $3,240,000
Building Bonds of 2025 (Federally Taxable) (book entry).
Dated Jul 1, 2025.
Due Jul 1, 2027 to 2028.
Non-callable.
Winning bid: First Bankers' Banc, at n/a, NIC 4.5498%.
In association with: SpiritBank.
L.O.: Hilborne & Weidman, Tulsa, OK; and State Attorney General.
F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.
Other bidders were:
UMB Bank, NIC 4.6136%
BOK Fin Secs, NIC 4.6312%
Baker Group, NIC 4.7262%
Country Club Bank, NIC 4.7723%
Moore Norman Technology Center School District No. 17 of Cleveland County
May 21, 2025 $90,000,000
General Obligation Bonds of 2025 (Federally Taxable) (book entry).
Dated Jul 1, 2025.
Due Jul 1, 2027 to 2035.
Non-callable.
Winning bid: Baird, at 100.0000, NIC 5.1375%.
Other managers: CL King & Associates, Colliers Securities LLC, Crews & Associates, Inc., Northland Securities, Inc., Cadz Securities Inc,, First Bankers' Banc Securities Inc., SouthState | DuncanWilliams Securities Corp., Country Club Bank, Bernardi Securities, Inc., Celadon Financial Group, LLC, Multi-Bank Securities Inc., Dinosaur Securities, Mountainside Securities LLC, Blaylock Van, LLC, Carty, Harding, & Hearn, Inc., Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., BOK Financial Securities.
L.O.: Floyd & Driver, PLLC, Norman, OK; and State Attorney General.
F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.
Other bidders were:
Wells Fargo Corp, NIC 5.1495%
Piper Sandler, NIC 5.1546%