CALIFORNIA
Los Angeles County Capital Asset Leasing Corporation
Jul 24, 2025 $15,845,000
Lease Revenue Bonds, 2025 Series A (LAC-CAL Equipment Program) (book entry).
Dated Aug 7, 2025.
Due Dec 1, 2025 to 2028.
Non-callable.
Winning bid: JPMorgan, at 104.0959, TIC 2.2787%.
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, Los Angeles, CA.
F.A.: Public Resources Advisory Group, Los Angeles, CA.
Other bidders were:
Cabrera Cap Mkts, TIC 2.2891%
BofA Securities, TIC 2.29%
Goldman Sachs, TIC 2.3063%
Loop Capital, TIC 2.3102%
Morgan Stanley, TIC 2.3159%
Jefferies, TIC 2.319%
Wells Fargo Corp, TIC 2.32%
Huntington Secs, TIC 2.3239%
FHN Fin Cap Mkts, TIC 2.3285%
Baird, TIC 2.3319%
Hilltop Securities, TIC 2.3385%
UBS Financial Svcs, TIC 2.3427%
Mesirow Financial, TIC 2.349%
Stifel Nicolaus, TIC 2.3662%
KeyBanc Cap Mkts, TIC 2.5136%
FLORIDA
Okaloosa County
Jul 24, 2025 $33,115,000
Water and Sewer Revenue Refunding Bonds, Series 2025 (book entry).
Dated Aug 12, 2025.
Due Jul 1, 2026 to 2036.
Non-callable.
Winning bid: Wells Fargo Corp, at 108.5884, TIC 3.204%.
L.O.: Nabors, Giblin & Nickerson, Tampa, FL.
F.A.: Hilltop Securities Inc., Orlando, FL; and Hilltop Securities Inc., Dallas, TX.
Other bidders were:
Jefferies, TIC 3.2168%
UBS Financial Svcs, TIC 3.2174%
Loop Capital, TIC 3.2203%
Raymond James, TIC 3.2206%
Mesirow Financial, TIC 3.2213%
PNC Capital Markets, TIC 3.2252%
TD Securities, TIC 3.2255%
Janney Montgomery, TIC 3.2277%
Truist Secs, Inc., TIC 3.2349%
Huntington Secs, TIC 3.2395%
StoneX Fin Inc., TIC 3.2488%
TRB Cap Mkts, TIC 3.2549%
KeyBanc Cap Mkts, TIC 3.2619%
Baird, TIC 3.3207%
MINNESOTA
Apple Valley (City)
Jul 24, 2025 $32,450,000
General Obligation Bonds, Series 2025A (book entry).
Dated Aug 20, 2025.
Due Dec 15, 2026 to 2045.
Callable Dec 15, 2033 at par.
Winning bid: FHN Fin Cap Mkts, at 104.0292, TIC 4.0894%.
Other managers: Morgan Stanley & Co., Inc., Raymond James & Associates, Inc., Fidelity Capital Markets, Ramirez & Co., Inc., Advisors Asset Management Inc, SumRidge Partners, LLC, Zeus Financial, LLC.
L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.
F.A.: Northland Securities, Inc., Minneapolis, MN.
Other bidders were:
JPMorgan, TIC 4.1258%
Piper Sandler, TIC 4.1279%
Truist Secs, Inc., TIC 4.1314%
UBS Financial Svcs, TIC 4.1479%
Mesirow Financial, TIC 4.1493%
Janney Montgomery, TIC 4.1665%
Huntington Secs, TIC 4.1697%
TD Securities, TIC 4.1703%
KeyBanc Cap Mkts, TIC 4.1762%
Wells Fargo Corp, TIC 4.1938%
Baird, TIC 4.2028%