ARKANSAS
North Little Rock School District No. 1 of Pulaski County
Jul 9, 2025 $9,935,000
Construction Bonds, Series A (Arkansas School District Credit Enhancement Program) (bank qualified) (book entry).
Dated Jul 30, 2025.
Due Feb 1, 2027 to 2055.
Callable Aug 1, 2030 at par.
Winning bid: Baird, at 99.0034, TIC 4.4361%.
Other managers: CL King & Associates, Edward Jones, SouthState | DuncanWilliams Securities Corp., FHN Financial Capital Markets, Stephens Inc., Oppenheimer & Co., Inc., Cadz Securities Inc,, The Baker Group, A.G.P./Alliance Global Partners, Isaak Bond Investments, Inc., Country Club Bank, Celadon Financial Group, LLC, Midland Securities Ltd, Valdes & Moreno, Inc., FMSbonds, Inc., Multi-Bank Securities Inc., First Bankers' Banc Securities Inc., First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, StoneX Financial Inc., Blaylock Van, LLC, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Friday Eldredge & Clark, Little Rock, AR.
F.A.: First Security Beardsley, Little Rock, AR.
Other bidders were:
Carty, Harding, TIC 4.6079%
Stifel Nicolaus, TIC 4.6173%
Raymond James, TIC 4.6328%
CALIFORNIA
San Diego County
Jul 8, 2025 $54,760,000
Refunding Certificates of Participation, Series 2025 (County Operations Center) (book entry).
Dated Jul 23, 2025.
Due Oct 1, 2026 to 2035.
Non-callable.
Winning bid: Hilltop Securities, at 112.1916, TIC 2.5916%.
L.O.: Orrick, Herrington & Sutcliffe, Los Angeles, CA.
F.A.: Public Resources Advisory Group, Los Angeles, CA.
Other bidders were:
Fidelity Capital, TIC 2.6093%
Huntington Secs, TIC 2.6399%
Morgan Stanley, TIC 2.6523%
Mesirow Financial, TIC 2.6633%
UBS Financial Svcs, TIC 2.668%
Wells Fargo Corp, TIC 2.685%
Baird, TIC 2.6972%
BofA Securities, TIC 2.7128%
Truist Secs, Inc., TIC 2.7313%
Jefferies, TIC 2.7402%
TD Securities, TIC 2.7449%
Fifth Third Secs, TIC 2.7601%
JPMorgan, TIC 2.7689%
Barclays Capital, TIC 2.7897%
San Jose (City)
Jul 9, 2025 $209,570,000
General Obligation Bonds (Disaster Preparedness, Public Safety, And Infrastructure) $183,975,000, Series 2025A (book entry). $181,740,000
Dated Jul 23, 2025.
Due Sep 1, 2030 to 2055.
Callable Mar 1, 2035 at par.
Winning bid: BofA Securities, at 106.4577, TIC 4.4315%.
L.O.: Anzel Galvan LLP, San Francisco, CA.
F.A.: Public Resources Advisory Group, Oakland, CA; and Public Resources Advisory Group, Los Angeles, CA.
Other bidders were:
TD Securities, TIC 4.4798%
Barclays Capital, TIC 4.4869%
Wells Fargo Corp, TIC 4.4931%
Morgan Stanley, TIC 4.4942%
Jefferies, TIC 4.5063%
RBC Capital Mkts, TIC 4.5275%
JPMorgan, TIC 4.5403%
Huntington Secs, TIC 4.5563%
Baird, TIC 4.6235%
Oppenheimer, TIC 148.7531%
ILLINOIS
Berkeley Village
Jul 9, 2025 $4,980,000
General Obligation Bonds, Series 2025 (bank qualified) (book entry).
Dated Jul 31, 2025.
Due Dec 1, 2026 to 2044.
Callable Dec 1, 2034 at par.
Winning bid: Baird, at n/a, TIC 4.2666%.
Other managers: CL King & Associates, Bernardi Securities, Inc., Edward Jones, Fidelity Capital Markets, Crews & Associates, Inc., SouthState | DuncanWilliams Securities Corp., Carty, Harding, & Hearn, Inc., Northland Securities, Inc., The Baker Group, Cadz Securities Inc,, Celadon Financial Group, LLC, FMSbonds, Inc., First Kentucky Securities Corp., First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, Blaylock Van, LLC, Valdes & Moreno, Inc., A.G.P./Alliance Global Partners, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., StoneX Financial Inc..
L.O.: Chapman and Cutler LLP, Chicago, IL.
F.A.: Speer Financial, Inc., Chicago, IL.
Other bidders were:
Stifel Nicolaus, TIC 4.2799%
Raymond James, TIC 4.6228%
IOWA
Spirit Lake (City)
Jul 8, 2025 $2,045,000
General Obligation Capital Loan Notes, Series 2025 (book entry).
Dated Aug 12, 2025.
Due Jun 1, 2027 to 2045.
Callable Jun 1, 2033 at par.
Winning bid: UMB Bank, at 99.8219, TIC 3.9977%.
L.O.: Ahlers & Cooney, P.C., Des Moines, IA.
F.A.: Piper Sandler & Co, Des Moines, IA.
Other bidders were:
BOK Fin Secs, TIC 4.04%
Baird, TIC 4.1348%
Hilltop Securities, TIC 4.2065%
Bernardi Securities, TIC 4.214%
Northland Securities, TIC 4.2183%
TD Securities, TIC 4.3917%
MASSACHUSETTS
Berkshire Regional Transit Authority
Jul 9, 2025 $5,700,000
Revenue Anticipation Notes (bank qualified) (book entry).
Dated Jul 25, 2025.
Due Jul 24, 2026.
Purchased $5,700,000.00 by TD Securities, at 4.0%, plus $33,345.00, effective rate 3.4134%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
BNY Mellon Cap Mkts, Effective Rate 3.5018%
Oppenheimer, Effective Rate 3.7379%
Brockton Area Transit Authority
Jul 9, 2025 $5,700,000
Revenue Anticipation Notes (bank qualified) (book entry).
Dated Jul 25, 2025.
Due Jul 24, 2026.
Purchased $5,700,000.00 by TD Securities, at 4.0%, plus $33,345.00, effective rate 3.4134%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
BNY Mellon Cap Mkts, Effective Rate 3.5018%
Oppenheimer, Effective Rate 3.8281%
Greater Fall River Regional Vocational Technical School District
Jul 9, 2025 $100,330,000
State Qualified General Obligation School Project Loan, Chapter 70B Bonds (Massachusetts State Qualified Bond Program) (book entry).
Dated Jul 23, 2025.
Due Jun 1, 2027 to 2055.
Callable Jun 1, 2034 at par.
Winning bid: Jefferies, at 105.1610, TIC 4.5507%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: UniBank Fiscal Advisory Services, Inc., Whitinsville, MA.
Other bidders were:
BofA Securities, TIC 4.5517%
JPMorgan, TIC 4.5758%
Mesirow Financial, TIC 4.6118%
Baird, TIC 4.6803%
Wells Fargo Corp, TIC 4.7008%
Morgan Stanley, TIC 4.735%
Montachusett Regional Transit Authority
Jul 9, 2025 $19,000,000
Revenue Anticipation Notes (book entry).
Dated Jul 25, 2025.
Due Jul 24, 2026.
Purchased $19,000,000.00 by TD Securities, at 4.0%, plus $142,120.00, effective rate 3.2499%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
BNY Mellon Cap Mkts, Effective Rate 3.3177%
Oppenheimer, Effective Rate 3.6456%
Northborough-Southborough Regional School District
Jul 9, 2025 $7,500,000
General Obligation Bond Anticipation Notes (bank qualified) (book entry).
Dated Jul 23, 2025.
Due Jul 23, 2026.
Purchased $7,500,000.00 by Janney Montgomery, at 3.75%, plus $60,862.50, effective rate 2.9385%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: UniBank Fiscal Advisory Services, Inc., Whitinsville, MA.
Other bidders were:
Piper Sandler, Effective Rate 2.959%
TD Securities, Effective Rate 3.002%
Oppenheimer, Effective Rate 3.055%
Truist Secs, Inc., Effective Rate 3.084%
BNY Mellon Cap Mkts, Effective Rate 3.0927%
MICHIGAN
Chelsea School District
Jul 8, 2025 $26,390,000
2025 School Building and Site Bonds, Series III (General Obligation-Unlimited Tax) (Michigan School Bond Qualification and Loan Program).
Dated Aug 6, 2025.
Due May 1, 2026 to 2045.
Callable May 1, 2035 at par.
Winning bid: JPMorgan, at 104.2035, TIC 4.4416%.
In association with: Academy Securities Inc..
In association with: Estrada Hinojosa & Company, Inc., Rice Financial Products Company, Stern Brothers & Co..
L.O.: Thrun Law Firm, P.C., East Lansing, MI.
F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.
Other bidders were:
UBS Financial Svcs, TIC 4.4489%
Jefferies, TIC 4.4654%
Huntington Secs, TIC 4.4694%
TD Securities, TIC 4.4767%
Hilltop Securities, TIC 4.4786%
KeyBanc Cap Mkts, TIC 4.4791%
Janney Montgomery, TIC 4.4834%
StoneX Fin Inc., TIC 4.4874%
Fidelity Capital, TIC 4.4893%
Baird, TIC 4.4981%
Mesirow Financial, TIC 4.503%
Fraser (City)
Jul 9, 2025 $5,010,000
2025 Capital Improvement Bonds (Limited Tax General Obligation) (bank qualified) (book entry).
Dated Jul 29, 2025.
Due Oct 1, 2026 to 2039.
Callable Oct 1, 2034 at par.
Winning bid: Brownstone Inv Grp, at 106.3431, TIC 3.6752%.
L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.
F.A.: Bendzinski & Company, Grosse Pointe, MI.
Other bidders were:
Hilltop Securities, TIC 3.7095%
Northland Securities, TIC 3.7466%
BOK Fin Secs, TIC 3.7521%
Bernardi Securities, TIC 3.7827%
MINNESOTA
Austin Independent School District No. 492
Jul 8, 2025 $2,495,000
General Obligation Capital Facilities Bonds, Series 2025B (Minnesota School District Credit Enhancement Program) (bank qualified) (book entry).
Dated Aug 5, 2025.
Due Feb 1, 2030 to 2040.
Callable Feb 1, 2034 at par.
Winning bid: TD Securities, at 105.1125, TIC 3.684%.
L.O.: Dorsey & Whitney, Minneapolis, MN.
F.A.: PMA Securities, Inc., Albertville, MN.
Other bidders were:
Stifel Nicolaus, TIC 3.6873%
Brownstone Inv Grp, TIC 3.694%
Hilltop Securities, TIC 3.7014%
Baird, TIC 3.7136%
Raymond James, TIC 3.7353%
Northland Securities, TIC 3.7354%
Falcon Heights (City)
Jul 9, 2025 $1,885,000
General Obligation Tax Abatement and Improvement Bonds, Series 2025A (bank qualified) (book entry).
Dated Jul 24, 2025.
Due Feb 1, 2027 to 2041.
Callable Feb 1, 2035 at par.
Winning bid: Baird, at 107.7032, TIC 3.484%.
Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Fidelity Capital Markets, Crews & Associates, Inc., Country Club Bank, Middlegate Securities, A.G.P./Alliance Global Partners, Cadz Securities Inc,, Celadon Financial Group, LLC, Isaak Bond Investments, Inc., Carty, Harding, & Hearn, Inc., UMB Bank, N.A., United Banker's Bank, FMSbonds, Inc., First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, Blaylock Van, LLC, StoneX Financial Inc., 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:
TD Securities, TIC 3.4951%
Stifel Nicolaus, TIC 3.5227%
Northland Securities, TIC 3.5421%
Hilltop Securities, TIC 3.5635%
St. Anthony (City)
Jul 8, 2025 $1,570,000
General Obligation Improvement Bonds, Series 2025A (bank qualified) (book entry).
Dated Jul 29, 2025.
Due Feb 1, 2028 to 2041.
Callable Feb 1, 2035 at par.
Winning bid: TD Securities, at 108.6675, TIC 3.4707%.
L.O.: Dorsey & Whitney, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
Brownstone Inv Grp, TIC 3.4795%
Baird, TIC 3.4943%
Northland Securities, TIC 3.5874%
NEW HAMPSHIRE
Bedford (Town)
Jul 9, 2025 $2,890,000
General Obligation Bonds, 2025 Series A (bank qualified) (book entry).
Dated Jul 23, 2025.
Due Jul 15, 2026 to 2035.
Non-callable.
Winning bid: Hilltop Securities, at 110.0786, TIC 2.9482%.
L.O.: Devine, Millimet & Branch, P.A., Manchester, NH.
F.A.: PFM Financial Advisors LLC, Boston, MA.
Other bidders were:
Huntington Secs, TIC 2.9735%
Loop Capital, TIC 2.9836%
Baird, TIC 2.993%
SWBC Investment Svcs, TIC 2.9992%
Brownstone Inv Grp, TIC 3.0068%
Roosevelt & Cross, TIC 3.0107%
Fidelity Capital, TIC 3.0108%
TD Securities, TIC 3.0258%
Piper Sandler, TIC 3.0502%
StoneX Fin Inc., TIC 3.0586%
NEW JERSEY
Cranford Township
Jul 9, 2025 $9,700,000
General Obligation Bond Anticipation Notes (bank qualified).
Dated Jul 18, 2025.
Due Jul 17, 2026.
Purchased $9,700,000.00 by Piper Sandler, at 3.5%, plus $9,700.00, effective rate 3.3997%.
L.O.: Rogut McCarthy LLC, Cranford, NJ.
F.A.: Municipal Official(s).
New Providence Borough
Jul 9, 2025 $16,481,000
General Improvement Bonds, Series 2025 (book entry).
Dated Jul 24, 2025.
Due Jul 15, 2026 to 2037.
Callable Jul 15, 2033 at par.
Winning bid: Hilltop Securities, at 104.0000, TIC 3.199%.
L.O.: McManimon Scotland & Baumann, Roseland, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
Other bidders were:
UBS Securities, TIC 3.1794%
Mesirow Financial, TIC 3.199%
Janney Montgomery, TIC 3.1992%
Jefferies, TIC 3.1992%
Huntington Secs, TIC 3.2076%
Loop Capital, TIC 3.2225%
StoneX Fin Inc., TIC 3.2294%
FHN Fin Cap Mkts, TIC 3.2296%
Baird, TIC 3.2465%
TD Securities, TIC 3.26%
Fidelity Capital, TIC 3.3405%
Oradell Borough
Jul 9, 2025 $5,255,560
Bond Anticipation Note, Series 2025 (bank qualified) (book entry).
Dated Jul 22, 2025.
Due Jul 21, 2026.
Purchased $5,255,560.00 by TD Securities, at 4.0%, plus $39,206.47, effective rate 3.2519%.
L.O.: McManimon Scotland & Baumann, Roseland, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
Other bidders were:
Piper Sandler, Effective Rate 3.3171%
BNY Mellon Cap Mkts, Effective Rate 3.3492%
Oppenheimer, Effective Rate 3.3522%
Fidelity Capital, Effective Rate 3.3803%
NEW YORK
Bemus Point Central School District
Jul 9, 2025 $1,143,000
Bond Anticipation Notes, Series 2025 A (bank qualified).
Dated Jul 24, 2025.
Due Jul 23, 2026.
Purchased $1,143,000.00 by Oppenheimer, at 4.0%, plus $4,810.00, effective rate 3.578%.
L.O.: Hodgson, Russ LLP, Buffalo, NY.
F.A.: Municipal Solutions, Inc., LeRoy, NY; and Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
Roosevelt & Cross, Effective Rate 3.7353%
Bank of Greene Co, Effective Rate 3.99%
Briarcliff Manor Village
Jul 9, 2025 $5,926,768
General Obligations Bond Anticipation Notes, 2025 (bank qualified).
Dated Jul 24, 2025.
Due Jan 22, 2026.
Purchased $5,926,768.00 by Oppenheimer, at 4.0%, plus $19,056.00, effective rate 3.3497%.
L.O.: Harris Beach PLLC, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
BNY Mellon Cap Mkts, Effective Rate 3.7%
Bank of Greene Co, Effective Rate 3.99%
Clarence Central School District
Jul 9, 2025 $3,174,253
Bond Anticipation Notes, 2025 (bank qualified).
Dated Jul 24, 2025.
Due Jul 23, 2026.
Purchased $3,174,253.00 by Piper Sandler, at 4.0%, plus $22,378.48, effective rate 3.293%.
L.O.: Hodgson, Russ LLP, Buffalo, NY.
F.A.: Municipal Solutions, Inc., LeRoy, NY; and Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
Oppenheimer, Effective Rate 3.3767%
Janney Montgomery, Effective Rate 3.4328%
NBT Bank, Effective Rate 3.75%
Bank of Greene Co, Effective Rate 3.99%
Clarkstown Central School District
Jul 9, 2025 $25,000,000
General Obligations Tax Anticipation Notes for 2025-2026 Taxes.
Dated Jul 21, 2025.
Due Oct 21, 2025.
Purchased $25,000,000.00 by TD Securities, at 3.5%, plus $34,500.00, effective rate 2.948%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Huntington Secs, Effective Rate 3.12%
Truist Secs, Inc., Effective Rate 3.18%
Jefferies, Effective Rate 3.22%
BNY Mellon Cap Mkts, Effective Rate 3.24%
Oppenheimer, Effective Rate 3.5874%
Cuba-Rushford Central School District
Jul 9, 2025 $1,400,000
General Obligations Bond Anticipation Notes, 2025A (bank qualified).
Dated Jul 23, 2025.
Due Jul 23, 2026.
Purchased $1,400,000.00 by Piper Sandler, at 4.0%, plus $7,854.00, effective rate 3.439%.
L.O.: Hodgson, Russ LLP, Buffalo, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Oppenheimer, Effective Rate 3.5551%
Roosevelt & Cross, Effective Rate 3.734%
Bank of Greene Co, Effective Rate 3.99%
Franklin Central School District
Jul 9, 2025 $542,000
Bond Anticipation Notes, 2025 (bank qualified).
Dated Jul 24, 2025.
Due Jul 24, 2026.
Purchased $542,000.00 by Roosevelt & Cross, at 4.0%, plus $228.00, effective rate 3.9579%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Bank of Greene Co, Effective Rate 3.99%
Oppenheimer, Effective Rate 4.1061%
General Brown Central School District
Jul 9, 2025 $14,000,000
General Obligations Bond Anticipation Notes, 2025.
Dated Jul 24, 2025.
Due Jul 24, 2026.
Purchased $14,000,000.00 by TD Securities, at 4.0%, plus $104,160.00, effective rate 3.256%.
L.O.: WJ Marquardt PLLC, Skaneateles, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Oppenheimer, Effective Rate 3.2796%
BNY Mellon Cap Mkts, Effective Rate 3.3241%
Hammond Central School District
Jul 9, 2025 $4,772,368
Bond Anticipation Notes, 2025 (bank qualified).
Dated Jul 23, 2025.
Due Jul 23, 2026.
Purchased $4,772,368.00 by Oppenheimer, at 4.0%, plus $19,999.00, effective rate 3.5809%.
L.O.: Trespasz Law Offices LLP, Syracuse, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Bank of Greene Co, Effective Rate 3.99%
Harrison Central School District
Jul 9, 2025 $10,000,000
General Obligations Bond Anticipation Notes, 2025.
Dated Jul 24, 2025.
Due Jul 24, 2026.
Purchased $10,000,000.00 by Jefferies, at 3.75%, plus $84,505.00, effective rate 2.905%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Truist Secs, Inc., Effective Rate 2.969%
Oppenheimer, Effective Rate 3.0292%
TD Securities, Effective Rate 3.071%
BNY Mellon Cap Mkts, Effective Rate 3.1748%
Harrison Central School District
Jul 9, 2025 $25,000,000
General Obligations School District Serial Bonds, 2025 (book entry).
Dated Jul 24, 2025.
Due Jul 15, 2026 to 2050.
Callable Jul 15, 2033 at par.
Winning bid: Mesirow Financial, at n/a, NIC 4.2325%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
FHN Fin Cap Mkts, NIC 4.2352%
Janney Montgomery, NIC 4.2508%
UBS Financial Svcs, NIC 4.2694%
Morgan Stanley, NIC 4.2763%
Baird, NIC 4.2874%
Milton (Town)
Jul 9, 2025 $10,500,000
Bond Anticipation Notes, 2025 (Renewals)
.
Dated Jul 24, 2025.
Due Jul 24, 2026.
Purchased $10,500,000.00 by BNY Mellon Cap Mkts, at 4.0%, plus $45,748.50, effective rate 3.5643%.
L.O.: Miller, Mannix, Schachner & Hafner, LLC, Glens Falls, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Oppenheimer, Effective Rate 4.275%
Panama Central School District
Jul 9, 2025 $6,700,000
General Obligation Bond Anticipation Notes, 2025A (bank qualified).
Dated Jul 24, 2025.
Due Jul 24, 2026.
Purchased $6,700,000.00 by Oppenheimer, at 4.0%, plus $41,807.00, effective rate 3.376%.
L.O.: Hodgson, Russ LLP, Buffalo, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Piper Sandler, Effective Rate 3.569%
BNY Mellon Cap Mkts, Effective Rate 3.6492%
Bank of Greene Co, Effective Rate 3.99%
Potsdam Central School District
Jul 9, 2025 $1,200,000
General Obligations Bond Anticipation Notes, 2025.
Dated Jul 23, 2025.
Due Jul 23, 2026.
Purchased $1,200,000.00 by Piper Sandler, at 4.0%, plus $5,352.00, effective rate 3.554%.
L.O.: Timothy R. McGill, Esq., Fairport, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Oppenheimer, Effective Rate 3.8353%
Roosevelt & Cross, Effective Rate 3.892%
JPMorgan Chase, Effective Rate 4.43%
Bank of Greene Co, Effective Rate 4.5%
Romulus Central School District
Jul 9, 2025 $9,600,000
General Obligations Bond Anticipation Notes, 2025 (bank qualified).
Dated Jul 23, 2025.
Due Jun 26, 2026.
Purchased $9,600,000.00 by TD Securities, at 4.0%, plus $60,288.00, effective rate 3.3211%.
L.O.: Trespasz Law Offices LLP, Syracuse, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Oppenheimer, Effective Rate 3.3697%
Fidelity Capital, Effective Rate 3.4054%
BNY Mellon Cap Mkts, Effective Rate 3.4096%
Schenectady City School District
Jul 9, 2025 $50,000,000
General Obligation Bond Anticipation Notes, 2025.
Dated Jul 23, 2025.
Due Jul 23, 2026.
Purchased $50,000,000.00 by Jefferies, at 4.0%, plus $491,010.00, effective rate 3.018%.
L.O.: Barclay Damon LLP, Albany, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
TD Securities, Effective Rate 3.12%
Oppenheimer, Effective Rate 3.2375%
BNY Mellon Cap Mkts, Effective Rate 3.3794%
South Glens Falls Central School District
Jul 9, 2025 $4,000,000
Bond Anticipation Notes, 2025 (bank qualified).
Dated Jul 23, 2025.
Due Jun 23, 2026.
Purchased $4,000,000.00 by Piper Sandler, at 4.0%, plus $25,880.00, effective rate 3.2942%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Bernard P. Donegan, Inc., Fairport, NY.
Other bidders were:
Oppenheimer, Effective Rate 3.349%
BNY Mellon Cap Mkts, Effective Rate 3.5694%
NBT Bank, Effective Rate 3.75%
Bank of Greene Co, Effective Rate 3.99%
Arrow Bank, Effective Rate 4.65%
South Jefferson Central School District
Jul 9, 2025 $17,475,000
General Obligations Bond Anticipation Notes, 2025.
Dated Jul 23, 2025.
Due Jun 26, 2026.
Purchased $17,475,000.00 by TD Securities, at 4.0%, plus $130,188.75, effective rate 3.1946%.
L.O.: Trespasz Law Offices LLP, Syracuse, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Oppenheimer, Effective Rate 3.332%
BNY Mellon Cap Mkts, Effective Rate 3.4064%
Thiells Roseville Fire District
Jul 9, 2025 $23,490,000
Fire District Serial Bonds, 2025 (book entry).
Dated Jul 23, 2025.
Due Jul 15, 2026 to 2054.
Callable Jul 15, 2033 at par.
Winning bid: Fidelity Capital, at 100.4684, TIC 4.4988%.
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.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Capital Markets Advisors, LLC, Great Neck, NY.
Other bidders were:
Baird, TIC 4.5968%
Janney Montgomery, TIC 4.6048%
Roosevelt & Cross, TIC 4.613%
KeyBanc Cap Mkts, TIC 4.6254%
Wallkill (Town)
Jul 9, 2025 $22,699,000
Bond Anticipation Notes, 2025.
Dated Jul 23, 2025.
Due Jul 23, 2026.
Purchased $22,699,000.00 by TD Securities, at 4.0%, plus $166,383.67, effective rate 3.267%.
L.O.: Norton Rose Fulbright US LLP, New York, NY.
F.A.: Capital Markets Advisors, LLC, Great Neck, NY.
Other bidders were:
Oppenheimer, Effective Rate 5.6005%
Wawarsing (Town)
Jul 9, 2025 $8,850,000
General Obligations Public Improvement (Serial) Bonds. 2025 (bank qualified) (book entry).
Dated Jul 23, 2025.
Due Jul 15, 2026 to 2046.
Callable Jul 15, 2033 at par.
Winning bid: Baird, at n/a, NIC 4.2215%.
Other managers: CL King & Associates, Crews & Associates, Inc., A.G.P./Alliance Global Partners, Dinosaur Securities, Blaylock Van, LLC, Multi-Bank Securities Inc., The Baker Group, Cadz Securities Inc,, Carty, Harding, & Hearn, Inc., Celadon Financial Group, LLC, FMSbonds, Inc., StoneX Financial Inc., First Southern LLC, Mountainside Securities LLC, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Fidelity Capital, NIC 4.269%
Roosevelt & Cross, NIC 4.2941%
Wolcott (Town)
Jul 9, 2025 $3,095,000
Bond Anticipation Notes, 2025 (New Issue) (bank qualified).
Dated Jul 23, 2025.
Due Jul 23, 2026.
Purchased $3,095,000.00 by Bank of Greene Co, at 3.99%, effective rate 3.99%.
L.O.: Timothy R. McGill, Esq., Fairport, NY.
F.A.: Bernard P. Donegan, Inc., Fairport, NY.
Other bidders were:
Oppenheimer, Effective Rate 4.2488%
OKLAHOMA
Kay County Independent School District No. 125 (Newkirk)
Jul 9, 2025 $700,000
Building Bonds of 2025 (book entry).
Dated Sep 1, 2025.
Due Sep 1, 2027.
Non-callable.
Winning bid: BOK Fin Secs, at n/a, NIC 3.935%.
L.O.: Phillips Murrah, P.C., Oklahoma City, OK; and State Attorney General.
F.A.: Stephen L. Smith Corp., Jenks, OK.
Other bidders were:
Country Club Bank, NIC 4.25%
Exchange Bank, NIC 4.62%
OREGON
Washington County
Jul 9, 2025 $136,900,000
Full Faith and Credit Obligations, Series 2025 (book entry).
Dated Jul 17, 2025.
Due Jun 1, 2026 to 2042.
Callable Jun 1, 2035 at par.
Winning bid: Morgan Stanley, at n/a, TIC 3.7759%.
Other managers: Ramirez & Co., Inc., R. Seelaus & Co., Inc., American Veterans Group, Siebert Williams Shank & Co., L.L.C, FHN Financial Capital Markets, Raymond James & Associates, Inc., Fidelity Capital Markets, SumRidge Partners, LLC.
L.O.: Hawkins, Delafield & Wood, Portland, OR.
F.A.: Piper Sandler & Co, Portland, OR.
Other bidders were:
BofA Securities, TIC 3.7858%
Jefferies, TIC 3.7859%
Wells Fargo Corp, TIC 3.7899%
JPMorgan, TIC 3.8199%
Huntington Secs, TIC 3.8405%
Truist Secs, Inc., TIC 3.8423%
Baird, TIC 3.9415%
TENNESSEE
Harpeth Valley Utilities District of Davidson and Williamson Counties
Jul 9, 2025 $25,415,000
Utilities Revenue Refunding Bonds, Series 2025A (book entry).
Dated Jul 23, 2025.
Due Sep 1, 2026 to 2042.
Callable Sep 1, 2035 at par.
Winning bid: Baird, at 105.5163, TIC 3.6703%.
Other managers: CL King & Associates, Edward Jones, Stifel, Nicolaus & Co., Inc., Davenport & Company LLC, Crews & Associates, Inc., SouthState | DuncanWilliams Securities Corp., Northland Securities, Inc., Bernardi Securities, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, Oppenheimer & Co., Inc., Celadon Financial Group, LLC, Middlegate Securities, A.G.P./Alliance Global Partners, D.A. Davidson & Co., BOK Financial Securities, FMSbonds, Inc., Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, 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.: Bass, Berry & Sims PLC, Nashville, TN.
F.A.: Stephens Inc., Nashville, TN.
Other bidders were:
Janney Montgomery, TIC 3.6831%
Hilltop Securities, TIC 3.7089%
Fidelity Capital, TIC 3.7296%
Mesirow Financial, TIC 3.7303%
KeyBanc Cap Mkts, TIC 3.7445%
Huntington Secs, TIC 3.7992%
Loudon County
Jul 9, 2025 $35,000,000
Rural School Bonds, Series 2025 (book entry).
Dated Jul 25, 2025.
Due Jun 1, 2026 to 2050.
Callable Jun 1, 2032 at par.
Winning bid: Baird, at 101.8745, TIC 4.4225%.
Other managers: CL King & Associates, Edward Jones, Stifel, Nicolaus & Co., Inc., Davenport & Company LLC, Crews & Associates, Inc., SouthState | DuncanWilliams Securities Corp., Northland Securities, Inc., Bernardi Securities, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, Oppenheimer & Co., Inc., Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, FMSbonds, Inc., Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, StoneX Financial Inc., InspereX LLC, Blaylock Van, LLC, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Bass, Berry & Sims PLC, Knoxville, TN.
F.A.: Cumberland Securities Co., Inc., Knoxville, TN.
Other bidders were:
UBS Financial Svcs, TIC 4.429%
BofA Securities, TIC 4.4293%
FHN Fin Cap Mkts, TIC 4.4332%
Janney Montgomery, TIC 4.4377%
Piper Sandler, TIC 4.4468%
Raymond James, TIC 4.454%
Truist Secs, Inc., TIC 4.4556%
Jefferies, TIC 4.4569%
Hilltop Securities, TIC 4.4593%
Mesirow Financial, TIC 4.4641%
Huntington Secs, TIC 4.4922%
KeyBanc Cap Mkts, TIC 4.588%
TEXAS
Fort Bend County Municipal Utility District No. 222
Jul 9, 2025 $25,000,000
Unlimited Tax Road Bonds, Series 2025 (book entry).
Dated Aug 1, 2025.
Due Jul 1, 2027 to 2050.
Callable Jul 1, 2031 at par.
Winning bid: Hilltop Securities, at 98.0379, NIC 4.8931%.
Other managers: FMSbonds, Inc..
L.O.: Coats Rose, P.C, Houston, TX; and State Attorney General.
F.A.: Tierra Financial Advisors, LLC, Arlington, TX.
Other bidders were:
Baird, NIC 4.9129%
SAMCO Cap Mkts, NIC 4.9221%
Northeast Harris County Municipal Utility District No. 1
Jul 9, 2025 $4,100,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Aug 1, 2025.
Due Sep 1, 2028 to 2054.
Callable Sep 1, 2030 at par.
Winning bid: Raymond James, at 97.0985, NIC 4.9479%.
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: Rathmann & Associates, L.P., Houston, TX.
Other bidders were:
Fidelity Capital, NIC 4.9562%
Baird, NIC 4.9738%
SAMCO Cap Mkts, NIC 4.977%
Stifel Nicolaus, NIC 4.9821%
Hilltop Securities, NIC 5.0361%
Pittsburg Independent School District
Jul 9, 2025 $24,545,000
Unlimited Tax School Building Bonds, Series 2025 (Permanent School Fund Guarantee Program) (book entry).
Dated Jul 15, 2025.
Due Feb 15, 2030 to 2054.
Callable Aug 15, 2035 at par.
Winning bid: Truist Secs, Inc., at 103.4995, TIC 4.7172%.
L.O.: Frost Brown Todd LLP, Houston, TX; Powell Law Group, LLP, Austin, TX; and State Attorney General.
F.A.: SAMCO Capital Markets, Plano, TX.
Other bidders were:
KeyBanc Cap Mkts, TIC 4.7484%
Baird, TIC 4.7494%
Fidelity Capital, TIC 4.7577%
FHN Fin Cap Mkts, TIC 4.7619%
TRB Cap Mkts, TIC 4.7657%
Hilltop Securities, TIC 4.7834%
Janney Montgomery, TIC 4.7839%
Piper Sandler, TIC 4.7882%
Frost Bank, TIC 4.8086%
Willow Creek Farms Municipal Utility District
Jul 8, 2025 $12,000,000
Unlimited Tax Bonds, Series 2025 (book entry).
Dated Aug 1, 2025.
Due Mar 1, 2027 to 2051.
Callable Mar 1, 2032 at par.
Winning bid: UMB Bank, at 97.0208, NIC 4.7852%.
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: Masterson Advisors LLC, Houston, TX.
Other bidders were:
Crews & Associates, NIC 4.8156%
Baird, NIC 4.8176%
SAMCO Cap Mkts, NIC 4.8274%
Raymond James, NIC 4.8338%
Hilltop Securities, NIC 4.8637%
RBC Capital Mkts, NIC 4.9006%
VIRGINIA
Chesterfield County
Jul 9, 2025 $28,630,000
General Obligation Refunding Bonds, Series 2025B (book entry).
Dated Oct 7, 2025.
Due Jan 1, 2026 to 2029.
Non-callable.
Winning bid: Truist Secs, Inc., at 104.8766, TIC 2.5386%.
L.O.: Hunton Andrews Kurth LLP, Richmond, VA.
F.A.: Davenport & Company LLC, Richmond, VA.
Other bidders were:
KeyBanc Cap Mkts, TIC 2.5685%
TD Securities, TIC 2.5983%
Huntington Secs, TIC 2.6216%
Jefferies, TIC 2.76%
Baird, TIC 3.3926%
Chesterfield County
Jul 9, 2025 $75,000,000
General Obligation Public Improvement Bonds Series 2025A (book entry).
Dated Jul 22, 2025.
Due Jan 1, 2026 to 2045.
Callable Jan 1, 2035 at par.
Winning bid: Truist Secs, Inc., at 106.4327, TIC 3.796%.
L.O.: Hunton Andrews Kurth LLP, Richmond, VA.
F.A.: Davenport & Company LLC, Richmond, VA.
Other bidders were:
UBS Financial Svcs, TIC 3.8166%
JPMorgan, TIC 3.8178%
BofA Securities, TIC 3.8257%
Hilltop Securities, TIC 3.8325%
Morgan Stanley, TIC 3.8339%
Wells Fargo Corp, TIC 3.8371%
Piper Sandler, TIC 3.8479%
Cabrera Cap Mkts, TIC 3.8613%
Jefferies, TIC 3.8642%
TD Securities, TIC 3.8704%
Huntington Secs, TIC 3.8762%
Baird, TIC 3.8941%
KeyBanc Cap Mkts, TIC 3.898%
Mesirow Financial, TIC 3.909%
Virginia Housing Development Authority
Jul 8, 2025 $36,675,000
Rental Housing Bonds 2025 Series C-Non-AMT (book entry).
Dated Jul 22, 2025.
Due Jul 1, 2028 to 2062.
Callable Jul 1, 2026 at par.
Winning bid: JPMorgan, at 99.5264, TIC 4.9141%.
In association with: Academy Securities Inc..
In association with: Estrada Hinojosa & Company, Inc., Rice Financial Products Company, Stern Brothers & Co..
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Municipal Official(s).
Other bidders were:
Raymond James, TIC 4.9277%
Truist Secs, Inc., TIC 4.9647%
Baird, TIC 4.9724%
BofA Securities, TIC 4.9891%
Hilltop Securities, TIC 5.0206%
Wells Fargo Corp, TIC 5.04%
Morgan Stanley, TIC 5.08%
Janney Montgomery, TIC 5.1059%
WISCONSIN
McFarland Village
Jul 8, 2025 $4,200,000
General Obligation Promissory Notes (book entry).
Dated Aug 1, 2025.
Due Mar 1, 2026 to 2035.
Callable Mar 1, 2033 at par.
Winning bid: Hilltop Securities, at 102.8862, TIC 3.5975%.
L.O.: Griggs Law Office LLC, Milwaukee, WI.
F.A.: Wisconsin Public Finance Professional, LLC, Brookfield, WI.
Other bidders were:
TD Securities, TIC 3.6398%
Brownstone Inv Grp, TIC 3.6931%
Baird, TIC 3.7067%
FHN Fin Cap Mkts, TIC 3.724%
Bernardi Securities, TIC 3.7464%
TAXABLE ISSUES
CALIFORNIA
San Jose (City)
Jul 9, 2025 $209,570,000
General Obligation Bonds (Disaster Preparedness, Public Safety, And Infrastructure) $15,190,000 Series 2025B (Federally Taxable) (book entry). $15,190,000
Dated Jul 23, 2025.
Due Sep 1, 2026 to 2030.
Non-callable.
Winning bid: BofA Securities, at 106.4577, TIC 4.4315%.
General Obligation Bonds (Disaster Preparedness, Public Safety, And Infrastructure) $10,405,000 Series 2025C (Federally Taxable) (book entry). $12,640,000
Dated Jul 23, 2025.
Due Sep 1, 2025.
Non-callable.
Winning bid: BofA Securities, at 106.4577, TIC 4.4315%.
L.O.: Anzel Galvan LLP, San Francisco, CA.
F.A.: Public Resources Advisory Group, Oakland, CA; and Public Resources Advisory Group, Los Angeles, CA.
Other bidders were:
TD Securities, TIC 4.4798%
Barclays Capital, TIC 4.4869%
Wells Fargo Corp, TIC 4.4931%
Morgan Stanley, TIC 4.4942%
Jefferies, TIC 4.5063%
RBC Capital Mkts, TIC 4.5275%
JPMorgan, TIC 4.5403%
Huntington Secs, TIC 4.5563%
Baird, TIC 4.6235%
Oppenheimer, TIC 148.7531%
MARYLAND
Maryland Economic Development Corporation
Jul 8, 2025 $6,635,000
Lease Revenue Bonds (Maryland Department of Health Headquarters Project), Taxable Series 2025C (book entry).
Dated Jul 17, 2025.
Due Jun 1, 2028 to 2029.
Non-callable.
Winning bid: Hilltop Securities, at 102.0671, TIC 4.2936%.
L.O.: Ballard Spahr LLP, Baltimore, MD; McKennon Shelton & Henn LLP, Baltimore, MD; and Ballard Spahr LLP, Wilmington, DE.
F.A.: First Tryon Advisors, LLC, Annapolis, MD; and First Tryon Advisors, Charlotte, NC.
Other bidders were:
Huntington Secs, TIC 4.334%
Baird, TIC 4.5906%
Wells Fargo Corp, TIC 4.5999%
Raymond James, TIC 4.6267%
OKLAHOMA
Murray County Independent School District No. 10 (Davis)
Jul 9, 2025 $3,735,000
Building Bonds of 2025
(Federally Taxable) (book entry).
Dated Aug 1, 2025.
Due Aug 1, 2027 to 2028.
Non-callable.
Winning bid: UMB Bank, at n/a, NIC 4.5904%.
In association with: First National Bank.
L.O.: State Attorney General.
F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.
Other bidders were:
Country Club Bank, NIC 4.7625%
BOK Fin Secs, NIC 4.7736%
Baker Group, NIC 4.7844%
Legacy Bank, NIC 5.1%
Pittsburgh County Independent School District No. 80 (McAllester)
Jul 8, 2025 $1,565,000
Building Bonds of 2025 (Federally Taxable) (book entry).
Dated Aug 1, 2025.
Due Aug 1, 2027.
Non-callable.
Winning bid: UMB Bank, at n/a, NIC 4.5345%.
In association with: First National Bank & Trust Company.
L.O.: Hilborne & Weidman, Tulsa, OK; and State Attorney General.
F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.
Other bidders were:
Exchange Bank, NIC 4.75%
Baker Group, NIC 4.7897%
Legacy Bank, NIC 5.1%
BOK Fin Secs, NIC 5.218%