INDIANA
Madison Consolidated School Building Corporation
Aug 25, 2025 $6,000,000
Ad Valorem Property Tax First Mortgage Bonds, Series 2025 (Indiana State Aid Intercept Program) (bank qualified) (book entry).
Dated Sep 16, 2025.
Due Jul 15, 2026 to Jan 15, 2036.
Non-callable.
Winning bid: BOK Fin Secs, at 109.4782, TIC 3.2708%.
L.O.: Ice Miller, Indianapolis, IN.
F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.
Other bidders were:
Brownstone Inv Grp, TIC 3.2756%
StoneX Fin Inc., TIC 3.3052%
Piper Sandler, TIC 3.3082%
Bernardi Securities, TIC 3.3249%
Baird, TIC 3.3254%
Raymond James, TIC 3.3771%
TD Securities, TIC 3.5221%
IOWA
Council Bluffs (City)
Aug 25, 2025 $5,205,000
General Obligation Bonds, Series 2025A (bank qualified) (book entry).
Dated Sep 24, 2025.
Due Jun 1, 2026 to 2035.
Callable Jun 1, 2033 at par.
Winning bid: Baird, at 107.8916, TIC 3.0933%.
Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Fidelity Capital Markets, Crews & Associates, Inc., Country Club Bank, Middlegate Securities, Oppenheimer & Co., Inc., Cadz Securities Inc,, Bernardi Securities, Inc., Carty, Harding, & Hearn, Inc., Celadon Financial Group, LLC, FMSbonds, Inc., Commerce Bank, Isaak Bond Investments, 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:
Brownstone Inv Grp, TIC 3.1131%
Raymond James, TIC 3.1336%
Piper Sandler, TIC 3.1553%
Huntington Secs, TIC 3.1793%
Stifel Nicolaus, TIC 3.1935%
Hilltop Securities, TIC 3.1974%
Northland Securities, TIC 3.2165%
TD Securities, TIC 3.3077%
Underwood Community School District
Aug 25, 2025 $12,520,000
General Obligation School Bonds, Series 2025 (book entry).
Dated Sep 30, 2025.
Due Jun 1, 2026 to 2045.
Callable Jun 1, 2033 at par.
Winning bid: Baird, at 101.3567, TIC 4.3432%.
Other managers: CL King & Associates, Stifel, Nicolaus & Co., Inc., Colliers Securities LLC, Edward Jones, Crews & Associates, Inc., Davenport & Company LLC, SouthState | DuncanWilliams Securities Corp., The Baker Group, Middlegate Securities, Oppenheimer & Co., Inc., Cadz Securities Inc,, Bernardi Securities, Inc., Carty, Harding, & Hearn, Inc., Celadon Financial Group, 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, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., BOK Financial Securities, Northland Securities, Inc..
L.O.: Ahlers & Cooney, P.C., Des Moines, IA.
F.A.: Piper Sandler & Co, Des Moines, IA.
Other bidders were:
Raymond James, TIC 4.3744%
MINNESOTA
Albert Lea (City)
Aug 25, 2025 $1,895,000
General Obligation Bonds, Series 2025B (bank qualified) (book entry).
Dated Sep 11, 2025.
Due Feb 1, 2027 to 2047.
Callable Feb 1, 2035 at par.
Winning bid: Northland Securities, at 105.1767, TIC 3.7247%.
L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
Baird, TIC 3.7698%
Raymond James, TIC 3.8847%
Stifel Nicolaus, TIC 3.9687%
Brownstone Inv Grp, TIC 4.092%
NEW YORK
Portville Central School District
Aug 25, 2025 $1,676,038
General obligation Bond Anticipation Notes, 2025 (bank qualified).
Dated Sep 4, 2025.
Due Sep 4, 2026.
Purchased $1,676,038.00 by Fidelity Capital, at 4.0%, plus $17,816.28, effective rate 2.937%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Piper Sandler, Effective Rate 3.092%
Oppenheimer, Effective Rate 3.2703%
Roosevelt & Cross, Effective Rate 3.307%
Bank of Greene Co, Effective Rate 3.59%
TEXAS
Kemah Municipal Management District #1
Aug 25, 2025 $4,230,000
Unlimited Tax Road Bonds, Series 2025 (book entry).
Dated Sep 1, 2025.
Due Sep 1, 2026 to 2050.
Callable Sep 1, 2030 at par.
Winning bid: SAMCO Cap Mkts, at 97.0004, NIC 4.9887%.
Other managers: FHN Financial Capital Markets, Intercoastal Capital Markets, Inc., M. E. Allison & Co., Inc., R. Seelaus & Co., Inc., Ramirez & Co., Inc., CINCaP Investment Group, Estrada Hinojosa & Company, Inc., Carty, Harding, & Hearn, Inc., Bancroft Capital, LLC, StoneX Financial Inc., Cadz Securities Inc,.
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: Baird, Houston, TX.
Other bidders were:
Hilltop Securities, NIC 5.0257%
Northland Securities, NIC 5.0394%
Crews & Associates, NIC 5.0442%
RBC Capital Mkts, NIC 5.0979%
Medina County
Aug 25, 2025 $4,280,000
Tax Notes, Series 2025 (bank qualified) (book entry).
Dated Sep 1, 2025.
Due Feb 1, 2026 to 2032.
Non-callable.
Winning bid: Hilltop Securities, at 108.0860, TIC 2.8729%.
L.O.: McCall Parkhurst & Horton, San Antonio, TX; and State Attorney General.
F.A.: SAMCO Capital Markets, San Antonio, TX.
Other bidders were:
Baird, TIC 2.9381%
Piper Sandler, TIC 2.9919%
Bancroft Capital, TIC 3.0463%
BOK Fin Secs, TIC 3.053%
Raymond James, TIC 3.2208%
Mont Belvieu (City)
Aug 25, 2025 $54,775,000
Combination Tax and Revenue Certificates of Obligation, Series 2025 (book entry).
Dated Sep 1, 2025.
Due Aug 15, 2026 to 2045.
Callable Aug 15, 2034 at par.
Winning bid: Baird, at 103.5014, TIC 4.2741%.
Other managers: CL King & Associates, Edward Jones, Davenport & Company LLC, SouthState | DuncanWilliams Securities Corp., Stifel, Nicolaus & Co., Inc., Crews & Associates, Inc., Oppenheimer & Co., Inc., Isaak Bond Investments, Inc., Carty, Harding, & Hearn, Inc., Northland Securities, Inc., Cadz Securities Inc,, Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, Midland Securities Ltd, Multi-Bank Securities Inc., Dinosaur Securities, First Bankers' Banc Securities Inc., FMSbonds, Inc., Mountainside Securities LLC, InspereX LLC, StoneX Financial Inc., Blaylock Van, LLC, Caldwell Sutter Capital, Inc..
L.O.: Norton Rose Fulbright US LLP, Houston, TX; and State Attorney General.
F.A.: Hilltop Securities Inc., Houston, TX.
Other bidders were:
Janney Montgomery, TIC 4.2837%
JPMorgan, TIC 4.291%
BOK Fin Secs, TIC 4.2948%
Jefferies, TIC 4.2954%
Piper Sandler, TIC 4.2992%
Huntington Secs, TIC 4.3078%
Raymond James, TIC 4.3083%
Mesirow Financial, TIC 4.31%
FHN Fin Cap Mkts, TIC 4.311%
KeyBanc Cap Mkts, TIC 4.3224%
Morgan Stanley, TIC 4.4861%
Montgomery County Municipal Utility District No. 108
Aug 25, 2025 $13,680,000
Unlimited Tax Bonds, Series 2025 (book entry).
Dated Sep 1, 2025.
Due Mar 1, 2027 to 2052.
Callable Mar 1, 2032 at par.
Winning bid: Baird, at 97.0000, NIC 4.7293%.
Other managers: CL King & Associates, Edward Jones, Northland Securities, Inc., Oppenheimer & Co., Inc., Midland Securities Ltd, Celadon Financial Group, LLC, First Southern LLC, Multi-Bank Securities Inc., Dinosaur Securities, Mountainside Securities LLC, Blaylock Van, LLC, A.G.P./Alliance Global Partners, Caldwell Sutter Capital, Inc..
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: Masterson Advisors LLC, Houston, TX.
Other bidders were:
RBC Capital Mkts, NIC 4.7513%
UMB Bank, NIC 4.7542%
SAMCO Cap Mkts, NIC 4.7752%
Hilltop Securities, NIC 4.7984%
Crews & Associates, NIC 4.8302%
Raymond James, NIC 4.8321%
Trophy Club (Town)
Aug 25, 2025 $7,885,000
Combination Tax and Revenue Certificates of Obligation, Series 2025 (bank qualified) (book entry).
Dated Aug 1, 2025.
Due Mar 1, 2026 to 2040.
Callable Mar 1, 2034 at par.
Winning bid: Piper Sandler, at 105.0220, TIC 3.6283%.
L.O.: Bracewell LLP, Dallas, TX; and State Attorney General.
F.A.: SAMCO Capital Markets, San Antonio, TX.
Other bidders were:
BOK Fin Secs, TIC 3.6384%
Baird, TIC 3.6772%
Hilltop Securities, TIC 3.679%
Fidelity Capital, TIC 3.7546%
Raymond James, TIC 3.8161%
Bancroft Capital, TIC 3.8717%
Brownstone Inv Grp, TIC 3.9012%
WISCONSIN
Buffalo County
Aug 25, 2025 $2,400,000
General Obligation Promissory Notes, Series 2025 (bank qualified) (book entry).
Dated Sep 15, 2025.
Due Sep 1, 2026 to 2029.
Non-callable.
Winning bid: BOK Fin Secs, at 101.6941, TIC 3.2898%.
L.O.: Fryberger, Buchanan, Smith & Frederick, Duluth, MN.
F.A.: PMA Securities, Inc., Milwaukee, WI.
Other bidders were:
Bernardi Securities, TIC 3.3303%
Baird, TIC 3.4026%
Northland Securities, TIC 3.5041%
Oppenheimer, TIC 3.98%
TAXABLE ISSUES
IOWA
Council Bluffs (City)
Aug 25, 2025 $2,200,000
Taxable General Obligation Bonds, Series 2025B (book entry).
Dated Sep 24, 2025.
Due Jun 1, 2026 to 2027.
Non-callable.
Winning bid: Piper Sandler, at 99.8143, TIC 4.1866%.
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 4.2672%
Hilltop Securities, TIC 4.2846%
UMB Bank, TIC 4.3036%
SWBC Investment Svcs, TIC 4.3618%
Baird, TIC 4.4047%
Northland Securities, TIC 4.4729%
Bernardi Securities, TIC 4.7862%
Oppenheimer, TIC 5.0855%