Market Data
Results of competitive sales: 06/17/2025

FLORIDA

Pasco County

Jun 16, 2025 $72,475,000

Capital Improvement Non-Ad Valorem Revenue Bonds, Series 2025A (book entry).

Dated Jun 26, 2025.

Due Oct 1, 2026 to 2055.

Callable Apr 1, 2035 at par.

Winning bid: BofA Securities, at 104.0695, TIC 4.6599%.

L.O.: Bryant, Miller & Olive, Tampa, FL.

F.A.: PFM Financial Advisors LLC, Orlando, FL.

Other bidders were:

Jefferies, TIC 4.6807%

PNC Capital Markets, TIC 4.689%

Truist Secs, Inc., TIC 4.7126%

Wells Fargo Corp, TIC 4.722%

Hilltop Securities, TIC 4.7263%

UBS Financial Svcs, TIC 4.7266%

RBC Capital Mkts, TIC 4.7345%

Morgan Stanley, TIC 4.7377%

Mesirow Financial, TIC 4.7395%

JPMorgan, TIC 4.7438%

Baird, TIC 4.755%


IOWA

Jun 16, 2025 $3,100,000

General Obligation School Bonds Series 2025 (bank qualified) (book entry).

Dated Jun 30, 2025.

Due Dec 1, 2025 to Jun 1, 2044.

Callable Jun 1, 2033 at par.

Winning bid: Baird, at 100.0650, TIC 4.3608%.

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, Cadz Securities Inc,, Carty, Harding, & Hearn, Inc., Celadon Financial Group, LLC, Central States Capital Markets, LLC, FMSbonds, Inc., 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:

Northland Securities, TIC 4.4378%


Algona (City)

Jun 16, 2025 $4,675,000

General Obligation Capital Loan Notes, Series 2025 (bank qualified) (book entry).

Dated Jul 23, 2025.

Due Jun 1, 2026 to 2045.

Callable Jun 1, 2033 at par.

Winning bid: Baird, at 100.4420, TIC 4.1557%.

Other managers: CL King & Associates, Edward Jones, Fidelity Capital Markets, UMB Bank, N.A., Crews & Associates, Inc., SouthState | DuncanWilliams Securities Corp., Country Club Bank, The Baker Group, Cadz Securities Inc,, Carty, Harding, & Hearn, Inc., Celadon Financial Group, LLC, FMSbonds, Inc., First Southern LLC, Blaylock Van, LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., United Banker's Bank, A.G.P./Alliance Global Partners, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..

L.O.: Ahlers & Cooney, P.C., Des Moines, IA.

F.A.: PFM Financial Advisors LLC, Des Moines, IA.

Other bidders were:

BOK Fin Secs, TIC 4.2071%

Northland Securities, TIC 4.2391%

TD Securities, TIC 4.3022%


MICHIGAN

Northview Public Schools

Jun 16, 2025 $28,140,000

2025 School Building and Site Bonds, Series I (General Obligation-Unlimited Tax) (book entry).

Dated Jun 26, 2025.

Due Nov 1, 2025 to 2054.

Callable May 1, 2035 at par.

Winning bid: Baird, at 99.1651, TIC 4.9556%.

Other managers: CL King & Associates, Edward Jones, Davenport & Company LLC, Stifel, Nicolaus & Co., Inc., Crews & Associates, Inc., Northland Securities, Inc., Bernardi 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., BOK Financial Securities, Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., InspereX LLC, Blaylock Van, LLC, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..

L.O.: Thrun Law Firm, P.C., East Lansing, MI.

F.A.: Baker Tilly Municipal Advisors, LLC, East Lansing, MI.

Other bidders were:

Raymond James, TIC 4.9768%

Hilltop Securities, TIC 4.9912%

KeyBanc Cap Mkts, TIC 4.9924%

Janney Montgomery, TIC 5.0081%

Wells Fargo Corp, TIC 5.05%

UBS Financial Svcs, TIC 5.0695%


MINNESOTA

Waconia (City)

Jun 16, 2025 $8,740,000

General Obligation Bonds, Series 2025A (bank qualified) (book entry).

Dated Jul 1, 2025.

Due Feb 1, 2027 to 2036.

Callable Feb 1, 2033 at par.

Winning bid: Baird, at 106.7165, TIC 3.4442%.

Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Fidelity Capital Markets, Crews & Associates, Inc., Country Club Bank, Oppenheimer & Co., Inc., A.G.P./Alliance Global Partners, Cadz Securities Inc,, Celadon Financial Group, LLC, Isaak Bond Investments, Inc., Carty, Harding, & Hearn, Inc., FMSbonds, Inc., Midland Securities Ltd, First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, Blaylock Van, LLC, StoneX Financial Inc., Commerce Bank, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..

L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.

F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.

Other bidders were:

Piper Sandler, TIC 3.4483%

Brownstone Inv Grp, TIC 3.4645%

Stifel Nicolaus, TIC 3.4664%

Northland Securities, TIC 3.4817%

Hilltop Securities, TIC 3.5356%

Huntington Secs, TIC 3.6192%


NORTH DAKOTA

Central Cass Public School District No. 17

Jun 16, 2025 $1,760,000

State Aid Certificates of Indebtedness, Series 2025 (North Dakota School District Credit Enhancement Program) (bank qualified) (book entry).

Dated Jul 1, 2025.

Due Aug 1, 2026 to 2034.

Callable Aug 1, 2032 at par.

Winning bid: Bernardi Securities, at 107.6995, TIC 3.5907%.

L.O.: Arntson Stewart Wegner PC, Bismarck, ND.

F.A.: PFM Financial Advisors LLC, Minneapolis, MN.

Other bidders were:

Northland Securities, TIC 3.6823%

Baird, TIC 3.7293%

Stifel Nicolaus, TIC 3.7836%


OKLAHOMA

Tulsa County Independent School District No. 1 (Tulsa)

Jun 16, 2025 $46,500,000

Combined Purpose General Obligation Bonds, Series 2025B (book entry).

Dated Aug 1, 2025.

Due Aug 1, 2027 to 2030.

Non-callable.

Winning bid: Baird, at 103.8870, TIC 3.1451%.

Other managers: CL King & Associates, Davenport & Company LLC, Crews & Associates, Inc., SouthState | DuncanWilliams Securities Corp., Oppenheimer & Co., Inc., Northland Securities, Inc., Isaak Bond Investments, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, BOK Financial Securities, A.G.P./Alliance Global Partners, Celadon Financial Group, LLC, First Southern LLC, Multi-Bank Securities Inc., 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.: Hilborne & Weidman, Tulsa, OK; and State Attorney General.

F.A.: Municipal Finance Services, Inc., Edmond, OK.

Other bidders were:

KeyBanc Cap Mkts, TIC 3.1739%


TEXAS

County Line Special Utility District

Jun 16, 2025 $24,000,000

Utility System Revenue Bonds, Series 2025 (book entry).

Dated Jul 1, 2025.

Due Feb 1, 2026 to 2055.

Callable Feb 1, 2034 at par.

Winning bid: Baird, at 99.0000, NIC 4.8478%.

Other managers: CL King & Associates, Edward Jones, Davenport & Company LLC, Northland Securities, Inc., Oppenheimer & Co., Inc., Bernardi Securities, Inc., Midland Securities Ltd, Celadon Financial Group, LLC, First Southern LLC, Multi-Bank Securities Inc., Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, Blaylock Van, LLC, A.G.P./Alliance Global Partners, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..

L.O.: Norton Rose Fulbright US LLP, Austin, TX; and State Attorney General.

F.A.: SAMCO Capital Markets, San Antonio, TX.

Other bidders were:

Hilltop Securities, NIC 4.9469%

Bancroft Capital, NIC 4.9552%

Raymond James, NIC 4.992%


Las Lomas Municipal Utility District No. 4A

Jun 16, 2025 $6,235,000

Unlimited Tax Utility Bonds, Series 2025 (book entry).

Dated Jul 1, 2025.

Due Sep 1, 2027 to 2049.

Callable Jul 1, 2031 at par.

Winning bid: Northland Securities, at 97.0000, NIC 5.0228%.

Other managers: Celadon Financial Group, LLC, CL King & Associates.

L.O.: Coats Rose, P.C, Dallas, TX; and State Attorney General.

F.A.: Baird, Irving, TX.

Other bidders were:

SAMCO Cap Mkts, NIC 5.0353%

Crews & Associates, NIC 5.1333%

Hilltop Securities, NIC 5.1555%


WISCONSIN

Waterford Union High School District

Jun 16, 2025 $14,000,000

General Obligation Promissory Notes, Series 2025 (book entry).

Dated Jul 7, 2025.

Due Mar 1, 2026 to 2035.

Non-callable.

Winning bid: UBS Financial Svcs, at 106.2867, TIC 3.5854%.

L.O.: Quarles & Brady, Milwaukee, WI.

F.A.: PMA Securities, Inc., Milwaukee, WI.

Other bidders were:

Piper Sandler, TIC 3.5939%

Baird, TIC 3.6191%

KeyBanc Cap Mkts, TIC 3.6255%

Huntington Secs, TIC 3.668%

Mesirow Financial, TIC 3.6824%

StoneX Fin Inc., TIC 3.6901%

Baker Group, TIC 3.6926%


TAXABLE ISSUES


OKLAHOMA

Tulsa County Independent School District No. 1 (Tulsa)

Jun 16, 2025 $7,630,000

Combined Purpose General Obligation Bonds, Taxable Series 2025C (book entry).

Dated Aug 1, 2025.

Due Aug 1, 2027 to 2030.

Non-callable.

Winning bid: Piper Sandler, at 101.7645, TIC 4.3981%.

L.O.: Hilborne & Weidman, Tulsa, OK; and State Attorney General.

F.A.: Municipal Finance Services, Inc., Edmond, OK.

Other bidders were:

Baird, TIC 4.4171%

Northland Securities, TIC 4.467%