ILLINOIS
Lincolnshire Village
Jun 9, 2025 $10,990,000
General Obligation Bonds, Series 2025 (book entry).
Dated Jun 30, 2025.
Due Dec 1, 2026 to 2054.
Callable Dec 1, 2034 at par.
Winning bid: Raymond James, at 100.6453, TIC 4.8435%.
Other managers: FHN Financial Capital Markets, Fidelity Capital Markets, Ramirez & Co., Inc., Advisors Asset Management Inc, American Veterans Group, SumRidge Partners, LLC, Zeus Financial, LLC.
L.O.: Chapman and Cutler LLP, Chicago, IL.
F.A.: PMA Securities, Inc, Naperville, IL.
Other bidders were:
Baird, TIC 4.8496%
KeyBanc Cap Mkts, TIC 4.856%
UBS Financial Svcs, TIC 4.9498%
IOWA
Independence (City)
Jun 9, 2025 $2,480,000
General Obligation Corporate Purpose Bonds, Series 2025 (bank qualified) (book entry).
Dated Jul 8, 2025.
Due Jun 1, 2026 to 2035.
Callable Jun 1, 2031 at par.
Winning bid: Baird, at n/a, TIC 3.8616%.
Other managers: CL King & Associates, Edward Jones, Colliers Securities LLC, Crews & Associates, Inc., UMB Bank, N.A., Carty, Harding, & Hearn, Inc., Country Club Bank, Cadz Securities Inc,, D.A. Davidson & Co., Celadon Financial Group, LLC, Middlegate Securities, A.G.P./Alliance Global Partners, Midland Securities Ltd, FMSbonds, Inc., Isaak Bond Investments, Inc., Central States Capital Markets, LLC, First Southern LLC, Multi-Bank Securities Inc., Dinosaur Securities, First Bankers' Banc Securities Inc., StoneX Financial Inc., United Banker's Bank, Blaylock Van, LLC, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Dorsey & Whitney, Des Moines, IA.
F.A.: Speer Financial, Inc., Waterloo, IA; and Speer Financial, Inc., Chicago, IL.
Other bidders were:
Bernardi Securities, TIC 3.8643%
Northland Securities, TIC 3.8981%
KANSAS
Salina (City)
Jun 9, 2025 $12,315,000
General Obligation Internal Improvement Bonds, Series 2025-A Bonds (book entry).
Dated Jul 2, 2025.
Due Oct 1, 2026 to 2045.
Callable Oct 1, 2033 at par.
Winning bid: Baird, at 103.4485, TIC 4.0849%.
Other managers: CL King & Associates, Edward Jones, Colliers Securities LLC, Crews & Associates, Inc., Country Club Bank, SouthState | DuncanWilliams Securities Corp., Davenport & Company LLC, Bernardi Securities, Inc., Northland Securities, Inc., Carty, Harding, & Hearn, Inc., Oppenheimer & Co., Inc., Cadz Securities Inc,, Central States Capital Markets, LLC, Celadon Financial Group, LLC, Commerce Bank, A.G.P./Alliance Global Partners, Isaak Bond Investments, Inc., D.A. Davidson & Co., BOK Financial Securities, Midland Securities Ltd, FMSbonds, Inc., First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., Valdes & Moreno, Inc., Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Blaylock Van, LLC.
L.O.: Gilmore & Bell, Wichita, KS.
F.A.: Stifel Nicolaus & Company, Inc, Kansas City, MO.
Other bidders were:
Baker Group, TIC 4.219%
TD Securities, TIC 4.2249%
FHN Fin Cap Mkts, TIC 4.2389%
Huntington Secs, TIC 4.37%
Hilltop Securities, TIC 4.3761%
KeyBanc Cap Mkts, TIC 4.398%
Mesirow Financial, TIC 4.42%
MICHIGAN
Redford Union Schools, District No. 1
Jun 9, 2025 $12,500,000
2025 School Building and Site Bonds, Series I (General Obligation Unlimited Tax) (Michigan School Bond Qualification and Loan Program) (book entry).
Dated Jun 26, 2025.
Due Nov 1, 2025 to 2052.
Callable May 1, 2035 at par.
Winning bid: Baird, at 99.1500, TIC 5.0385%.
Other managers: CL King & Associates, Edward Jones, Crews & Associates, Inc., Northland Securities, Inc., Oppenheimer & Co., Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, A.G.P./Alliance Global Partners, Midland Securities Ltd, Celadon Financial Group, LLC, FMSbonds, Inc., Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, StoneX Financial Inc., Commerce Bank, Blaylock Van, LLC, Caldwell Sutter Capital, Inc..
L.O.: Collins & Blaha, P.C., Farmington Hills, MI.
F.A.: Baker Tilly Municipal Advisors, LLC, East Lansing, MI.
Other bidders were:
FHN Fin Cap Mkts, TIC 5.1271%
KeyBanc Cap Mkts, TIC 5.2127%
Hilltop Securities, TIC 5.2263%
MINNESOTA
Chanhassen (City)
Jun 9, 2025 $13,185,000
General Obligation Temporary Sales Tax Revenue Bonds, Series 2025A (book entry).
Dated Jun 26, 2025.
Due Feb 1, 2028.
Callable Aug 1, 2026 at par.
Winning bid: Piper Sandler, at 99.5020, TIC 3.2003%.
L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
Baird, TIC 3.7431%
Cook County
Jun 9, 2025 $6,200,000
General Obligation Solid Waste Revenue Bonds, Series 2025B ((Minnesota County Credit Enhancement Program) (book entry).
Dated Jul 2, 2025.
Due Feb 1, 2028 to 2052.
Callable Feb 1, 2035 at par.
Winning bid: Baird, at 99.8296, TIC 4.5526%.
Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Northland Securities, Inc., SouthState | DuncanWilliams Securities Corp., Country Club Bank, Crews & Associates, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, A.G.P./Alliance Global Partners, Isaak Bond Investments, Inc., Celadon Financial Group, LLC, Oppenheimer & Co., Inc., BOK Financial Securities, Midland Securities Ltd, FMSbonds, Inc., First Southern LLC, Commerce Bank, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., Blaylock Van, LLC, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Fryberger, Buchanan, Smith & Frederick, Duluth, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
TD Securities, TIC 4.5764%
Fidelity Capital, TIC 4.5991%
Hallock (City)
Jun 9, 2025 $6,150,000
General Obligation Bonds, Series 2025A (bank qualified) (book entry).
Dated Jun 23, 2025.
Due Feb 1, 2026 to 2046.
Callable Feb 1, 2033 at par.
Winning bid: Northland Securities, at 98.7071, NIC 4.2412%.
L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.
F.A.: David Drown Associates, Minneapolis, MN.
Other bidders were:
Baird, NIC 4.296%
New London-Spicer Independent School District No. 345
Jun 9, 2025 $11,600,000
General Obligation Facilities Maintenance and Tax Abatement Bonds, Series 2025A (Minnesota School District Credit Enhancement Program)
(book entry).
Dated Jun 26, 2025.
Due Feb 1, 2026 to 2044.
Callable Feb 1, 2033 at par.
Winning bid: Baird, at 101.5763, TIC 4.2764%.
Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Davenport & Company LLC, Stifel, Nicolaus & Co., Inc., Northland Securities, Inc., SouthState | DuncanWilliams Securities Corp., Bernardi Securities, Inc., Crews & Associates, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, A.G.P./Alliance Global Partners, Isaak Bond Investments, Inc., Celadon Financial Group, LLC, Oppenheimer & Co., Inc., BOK Financial Securities, Midland Securities Ltd, FMSbonds, Inc., Multi-Bank Securities Inc., First Southern LLC, Commerce Bank, Dinosaur Securities, Mountainside Securities LLC, StoneX Financial Inc., Blaylock Van, LLC, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Kennedy & Graven, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
Raymond James, TIC 4.284%
Hilltop Securities, TIC 4.3826%
UBS Financial Svcs, TIC 4.39%
TD Securities, TIC 4.4373%
Mesirow Financial, TIC 4.4504%
KeyBanc Cap Mkts, TIC 4.5036%
New Richland (City)
Jun 9, 2025 $2,965,000
General Obligation Improvement and Utility Revenue Bonds, Series 2025A (bank qualified) (book entry).
Dated Jul 1, 2025.
Due Feb 1, 2027 to 2046.
Callable Feb 1, 2032 at par.
Winning bid: Northland Securities, at 98.7507, NIC 4.2484%.
L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.
F.A.: David Drown Associates, Minneapolis, MN.
Other bidders were:
Baird, NIC 4.2524%
Stifel Nicolaus, NIC 4.2914%
Raymond James, NIC 4.3283%
TD Securities, NIC 4.5939%
NEW YORK
Minerva Central School District
Jun 9, 2025 $2,643,240
General Obligations Bond Anticipation Notes,2025 (Renewals)
(bank qualified).
Dated Jun 26, 2025.
Due Jun 26, 2026.
Purchased $2,643,240.00 by NBT Bank, at 3.49%, effective rate 3.49%.
L.O.: Barclay Damon LLP, Albany, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Arrow Bank, Effective Rate 3.65%
Piper Sandler, Effective Rate 3.815%
Bank of Greene Co, Effective Rate 4.15%
Oppenheimer, Effective Rate 4.2309%
Union-Endicott Central School District
Jun 9, 2025 $19,843,000
General Obligations Bond Anticipation Notes, 2025.
Dated Jun 26, 2025.
Due Jun 26, 2026.
Purchased $19,843,000.00 by TD Securities, at 4.0%, plus $168,665.50, effective rate 3.15%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
BNY Mellon Cap Mkts, Effective Rate 3.3009%
Jefferies, Effective Rate 3.338%
Piper Sandler, Effective Rate 3.352%
TAXABLE ISSUES
OKLAHOMA
Kiowa County Independent School District No. 1 (Hobart)
Jun 9, 2025 $710,000
Building Bonds of 2025 (Federally Taxable) (book entry).
Dated Jul 1, 2025.
Due Jul 1, 2027.
Non-callable.
Winning bid: Baker Group, at n/a, NIC 4.9785%.
L.O.: State Attorney General.
F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.
Other bidders were:
UMB Bank, NIC 5.0965%
Legacy Bank, NIC 5.1%
Exchange Bank, NIC 5.375%
Country Club Bank, NIC 5.375%
Woodward County Independent School District No. 2 (Mooreland)
Jun 9, 2025 $1,350,000
Taxable Building Bonds of 2025 (book entry).
Dated Aug 1, 2025.
Due Aug 1, 2027.
Non-callable.
Winning bid: Stock Exchange Bank, at n/a, NIC 4.935%.
In association with: BOK Financial Securities.
L.O.: Phillips Murrah, P.C., Oklahoma City, OK; and State Attorney General.
F.A.: Stephen L. Smith Corp., Jenks, OK.
Other bidders were:
Baker Group, NIC 4.9779%
Exchange Bank, NIC 5.25%