CALIFORNIA
San Jose Financing Authority
Jul 29, 2025 $47,810,000
Lease Revenue Bonds, Series 2025A (Civic Center Garage And Muni Water Building Projects) (book entry).
Dated Aug 19, 2025.
Due Jun 1, 2026 to 2055.
Callable Jun 1, 2035 at par.
Winning bid: Hilltop Securities, at 107.4059, TIC 4.2667%.
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:
Fifth Third Secs, TIC 4.2692%
Mesirow Financial, TIC 4.2811%
JPMorgan, TIC 4.2973%
KeyBanc Cap Mkts, TIC 4.2993%
UBS Financial Svcs, TIC 4.2996%
Jefferies, TIC 4.3016%
BofA Securities, TIC 4.3198%
Wells Fargo Corp, TIC 4.3255%
TD Securities, TIC 4.3256%
Baird, TIC 4.338%
Fidelity Capital, TIC 4.3398%
Morgan Stanley, TIC 4.3597%
Truist Secs, Inc., TIC 4.3856%
IOWA
Waukee Community School District
Jul 28, 2025 $29,710,000
General Obligation School Bonds, Series 2025A (book entry).
Dated Aug 27, 2025.
Due Jun 1, 2026 to 2045.
Callable Jun 1, 2033 at par.
Winning bid: Hilltop Securities, at 104.6346, TIC 4.2574%.
L.O.: Ahlers & Cooney, P.C., Des Moines, IA.
F.A.: PFM Financial Advisors LLC, Des Moines, IA.
Other bidders were:
Piper Sandler, TIC 4.2591%
Jefferies, TIC 4.2599%
Janney Montgomery, TIC 4.267%
UBS Financial Svcs, TIC 4.2698%
Huntington Secs, TIC 4.2782%
Fidelity Capital, TIC 4.3018%
Mesirow Financial, TIC 4.302%
Truist Secs, Inc., TIC 4.3434%
BofA Securities, TIC 4.382%
Baird, TIC 4.3826%
KENTUCKY
Edmonson County School District Finance Corporation
Jul 29, 2025 $7,570,000
School Building Revenue Bonds, Series of 2025 (Kentucky State School District Credit Enhancement Program) (book entry).
Dated Aug 19, 2025.
Due Feb 1, 2026 to 2050.
Callable Aug 1, 2033 at par.
Winning bid: StoneX Fin Inc., at 100.1037, TIC 4.8854%.
Other managers: CINCaP Investment Group, First Kentucky Securities Corp., CL King & Associates, Bancroft Capital, LLC, R. Seelaus & Co., Inc..
L.O.: Steptoe & Johnson PLLC, Louisville, KY.
F.A.: Baird, Louisville, KY.
Other bidders were:
Bernardi Securities, TIC 4.9026%
PNC Capital Markets, TIC 4.906%
Northland Securities, TIC 4.9371%
Fidelity Capital, TIC 4.9982%
MASSACHUSETTS
Canton (Town)
Jul 29, 2025 $35,000,000
General Obligation Bond Anticipation (book entry).
Dated Aug 14, 2025.
Due Aug 13, 2026.
Purchased $35,000,000.00 by Jefferies, at 3.5%, plus $299,950.00, effective rate 2.6406%.
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:
JPMorgan, Effective Rate 2.6442%
Truist Secs, Inc., Effective Rate 2.7415%
Fidelity Capital, Effective Rate 2.748%
TD Securities, Effective Rate 2.7796%
Janney Montgomery, Effective Rate 2.8348%
Oppenheimer, Effective Rate 2.8689%
BNY Mellon Cap Mkts, Effective Rate 2.895%
Lynnfield (Town)
Jul 29, 2025 $850,000
General Obligation Bond Anticipation Notes (book entry).
Dated Aug 15, 2025.
Due Aug 14, 2026.
Purchased $850,000.00 by Piper Sandler, at 3.75%, plus $1,870.00, effective rate 3.5294%.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Newburyport 5 Cents, Effective Rate 4.47%
MICHIGAN
Adrian Public Schools
Jul 29, 2025 $3,700,000
2025 School Improvement Bonds (General Obligation - Limited Tax) (bank qualified) (book entry).
Dated Aug 19, 2025.
Due May 1, 2026 to 2045.
Callable May 1, 2035 at par.
Winning bid: BOK Fin Secs, at 101.3420, TIC 4.2767%.
Other managers: Stifel, Nicolaus & Co., Inc..
L.O.: Thrun Law Firm, P.C., East Lansing, MI.
F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.
Other bidders were:
TD Securities, TIC 4.3339%
Baird, TIC 4.3417%
Raymond James, TIC 4.5283%
Delton Kellogg Schools
Jul 29, 2025 $4,595,000
2025 School Building and Site Bonds, Series I (General Obligation - Unlimited Tax) (bank qualified).
Dated Aug 26, 2025.
Due May 1, 2026 to 2036.
Non-callable.
Winning bid: Baird, at 108.7402, TIC 3.6663%.
Other managers: CL King & Associates, Bernardi Securities, Inc., Fidelity Capital Markets, Crews & Associates, Inc., Northland Securities, Inc., Oppenheimer & Co., Inc., Middlegate Securities, A.G.P./Alliance Global Partners, Cadz Securities Inc,, Carty, Harding, & Hearn, Inc., Celadon Financial Group, LLC, FMSbonds, Inc., First Kentucky Securities Corp., Midland Securities Ltd, First Southern LLC, Dinosaur Securities, Blaylock Van, LLC, First Bankers' Banc Securities Inc., Mountainside Securities LLC, Falcon Square Capital, 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, Southfield, MI; and Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.
Other bidders were:
TD Securities, TIC 3.6917%
KeyBanc Cap Mkts, TIC 3.706%
BOK Fin Secs, TIC 3.7327%
StoneX Fin Inc., TIC 3.8018%
Huntington Secs, TIC 3.9195%
NEW JERSEY
Mendham Borough Board of Education
Jul 29, 2025 $19,281,000
School Bonds (book entry).
Dated Aug 19, 2025.
Due Aug 15, 2027 to 2050.
Callable Aug 15, 2032 at par.
Winning bid: TD Securities, at 100.0004, NIC 4.2607%.
L.O.: McManimon Scotland & Baumann, Roseland, NJ.
F.A.: Phoenix Advisors, LLC, Bordentown, NJ.
Other bidders were:
Roosevelt & Cross, NIC 4.2635%
Baird, NIC 4.3012%
Janney Montgomery, NIC 4.3291%
Mesirow Financial, NIC 4.3337%
UBS Financial Svcs, NIC 4.378%
Hilltop Securities, NIC 4.3878%
Fidelity Capital, NIC 4.4572%
Wildwood Crest Borough
Jul 29, 2025 $12,000,000
Bond Anticipation Notes (book entry).
Dated Aug 12, 2025.
Due Aug 12, 2026.
Purchased $12,000,000.00 by Jefferies, at 4.0%, plus $148,080.00, effective rate 2.766%.
L.O.: Hawkins, Delafield & Wood, Newark, NJ.
F.A.: Phoenix Advisors, Hamilton, NJ.
Other bidders were:
TD Securities, Effective Rate 2.785%
Oppenheimer, Effective Rate 2.904%
Fidelity Capital, Effective Rate 2.983%
Truist Secs, Inc., Effective Rate 3.027%
NEW YORK
Akron Central School District
Jul 29, 2025 $1,501,491
Bond Anticipation Notes, 2025A.
Dated Aug 14, 2025.
Due Aug 13, 2026.
Purchased $1,501,491.00 by Oppenheimer, at 4.0%, plus $10,906.00, effective rate 3.2716%.
L.O.: Hodgson, Russ LLP, Buffalo, NY.
F.A.: Municipal Solutions, Inc., LeRoy, NY; and Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
BNY Mellon Cap Mkts, Effective Rate 3.2753%
Piper Sandler, Effective Rate 3.3806%
NBT Bank, Effective Rate 3.55%
Roosevelt & Cross, Effective Rate 3.5738%
Islip (Town)
Jul 29, 2025 $9,685,000
Refunding Serial Bonds, 2025 (book entry).
Dated Aug 19, 2025.
Due Oct 15, 2025 to 2030.
Non-callable.
Winning bid: Loop Capital, at 107.4379, TIC 2.2414%.
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:
Janney Montgomery, TIC 2.2629%
Roosevelt & Cross, TIC 2.268%
UBS Financial Svcs, TIC 2.2832%
Cabrera Cap Mkts, TIC 2.2985%
Huntington Secs, TIC 2.3117%
Raymond James, TIC 2.3168%
Baird, TIC 2.3226%
StoneX Fin Inc., TIC 2.3397%
SWBC Investment Svcs, TIC 2.3632%
Brownstone Inv Grp, TIC 2.3771%
BNY Mellon Cap Mkts, TIC 2.3995%
Bancroft Capital, TIC 2.4344%
Mechanicville (City)
Jul 29, 2025 $990,000
Public Improvement (Serial) Bonds, 2025 (bank qualified).
Dated Aug 20, 2025.
Due Dec 15, 2025 to 2043.
Callable Dec 15, 2033 at par.
Winning bid: Bank of Greene Co, at n/a, NIC 4.5%.
L.O.: Barclay Damon LLP, Albany, NY.
F.A.: Bernard P. Donegan, Inc., Fairport, NY.
Other bidders were:
Roosevelt & Cross, NIC 4.7404%
Riverhead (Town)
Jul 29, 2025 $2,725,000
Bond Anticipation Notes, 2025 (Renewals) Series B.
Dated Aug 14, 2025.
Due Aug 14, 2026.
Purchased $2,725,000.00 by Oppenheimer, at 4.0%, plus $24,077.00, effective rate 3.1164%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Munistat Services, Inc., Port Jefferson, NY.
Other bidders were:
BNY Mellon Cap Mkts, Effective Rate 3.2164%
Piper Sandler, Effective Rate 3.268%
Roosevelt & Cross, Effective Rate 3.559%
M & T Bank, Effective Rate 3.75%
Southampton Union Free School District
Jul 29, 2025 $18,000,000
Tax Anticipation Notes For 2025-2026 Taxes.
Dated Aug 12, 2025.
Due Jun 25, 2026.
Purchased $18,000,000.00 by Jefferies, at 4.0%, plus $195,840.00, effective rate 2.7486%.
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:
TD Securities, Effective Rate 2.8199%
Oppenheimer, Effective Rate 2.976%
Fidelity Capital, Effective Rate 2.981%
SOUTH CAROLINA
Orangeburg County School District
Jul 29, 2025 $190,000,000
General Obligation Bond Anticipation Notes, Series 2025 (book entry).
Dated Aug 13, 2025.
Due Aug 13, 2026.
Purchased $190,000,000.00 by JPMorgan, at 5.0%, plus $4,335,800.00, effective rate 2.6399%.
L.O.: Burr & Forman, Columbia, SC.
F.A.: Compass Municipal Advisors, Columbia, SC.
Other bidders were:
Wells Fargo Corp, Effective Rate 2.6816%
Jefferies, Effective Rate 2.7014%
BofA Securities, Effective Rate 2.7321%
Truist Secs, Inc., Effective Rate 2.7419%
TD Securities, Effective Rate 2.782%
Oppenheimer, Effective Rate 2.9084%
TEXAS
Bee Cave (City)
Jul 29, 2025 $16,950,000
Combination Tax and Revenue Certificates of Obligation, Series 2025 (book entry).
Dated Aug 19, 2025.
Due Sep 1, 2026 to 2045.
Callable Sep 1, 2034 at par.
Winning bid: BOK Fin Secs, at 106.4073, TIC 4.3055%.
L.O.: Orrick, Herrington & Sutcliffe, Austin, TX; and State Attorney General.
F.A.: Specialized Public Finance Inc., Austin, TX.
Other bidders were:
Hilltop Securities, TIC 4.3533%
Janney Montgomery, TIC 4.3725%
Baird, TIC 4.3987%
TRB Cap Mkts, TIC 4.4005%
Fidelity Capital, TIC 4.4139%
SWBC Investment Svcs, TIC 4.429%
Mesirow Financial, TIC 4.4299%
Truist Secs, Inc., TIC 4.5528%
Bancroft Capital, TIC 4.5564%
Como-Pickton Consolidated Independent School District
Jul 28, 2025 $7,430,000
Unlimited Tax School Building Bonds, Series 2025 (The Permanent School Fund Guarantee Program) (bank qualified) (book entry).
Dated Aug 15, 2025.
Due Aug 15, 2026 to 2050.
Callable Aug 15, 2035 at par.
Winning bid: Stifel Nicolaus, at 104.6611, TIC 3.8045%.
Other managers: BOK Financial Securities.
L.O.: Frost Brown Todd LLP, Houston, TX; Powell Law Group, LLP, Austin, TX; and State Attorney General.
F.A.: Live Oak Public Finance, LLC, Austin, TX.
Cypresswood Utility District
Jul 28, 2025 $3,000,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Aug 1, 2025.
Due Sep 1, 2043 to 2054.
Callable Sep 1, 2030 at par.
Winning bid: Raymond James, at 97.0913, NIC 4.987%.
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: Rathmann & Associates, L.P., Houston, TX.
Other bidders were:
Stifel Nicolaus, NIC 5.0381%
SAMCO Cap Mkts, NIC 5.0603%
Baird, NIC 5.1042%
Hilltop Securities, NIC 5.1247%
Sunfield Municipal Utility District No. 4
Jul 29, 2025 $6,940,000
Unlimited Contract Tax Revenue Bonds, Series 2025 (book entry).
Dated Aug 1, 2025.
Due Sep 1, 2027 to 2051.
Callable Sep 1, 2030 at par.
Winning bid: Northland Securities, at 97.0000, NIC 4.8987%.
Other managers: Celadon Financial Group, LLC, Edward Jones, CL King & Associates.
L.O.: Coats Rose, P.C, Houston, TX; and State Attorney General.
F.A.: Baird, Houston, TX.
Other bidders were:
SAMCO Cap Mkts, NIC 4.9127%
Raymond James, NIC 4.9591%
Hilltop Securities, NIC 4.9669%
Bernardi Securities, NIC 4.9873%