CALIFORNIA
Santa Clara Valley Water District
Aug 26, 2025 $109,360,000
Water System Refunding Revenue Bonds Series 2025A (book entry).
Dated Sep 10, 2025.
Due Jun 1, 2028 to 2046.
Callable Jun 1, 2035 at par.
Winning bid: JPMorgan, at 111.9649, TIC 3.6608%.
In association with: Academy Securities Inc..
In association with: Estrada Hinojosa & Company, Inc., Rice Financial Products Company, Stern Brothers & Co., InspereX LLC, Oppenheimer & Co., Inc..
L.O.: Stradling, Yocca, Carlson & Rauth, Sacramento, CA.
F.A.: Public Resources Advisory Group, Los Angeles, CA.
Other bidders were:
Morgan Stanley, TIC 3.6641%
BofA Securities, TIC 3.6778%
Jefferies, TIC 3.6993%
Wells Fargo Corp, TIC 3.7001%
Mesirow Financial, TIC 3.7064%
TD Securities, TIC 3.7854%
ILLINOIS
Illinois
Aug 26, 2025 $235,000,000
General Obligation Bonds, Series of September 2025B (book entry).
Dated Sep 11, 2025.
Due Sep 1, 2026 to 2030.
Non-callable.
Winning bid: Wells Fargo Corp, at 106.7452, TIC 2.751%.
L.O.: Chapman and Cutler LLP, Chicago, IL; and Hardwick Law Firm, Chicago, IL.
F.A.: Frasca & Associates, L.L.C., New York, NY.
Other bidders were:
JPMorgan, TIC 2.7688%
BofA Securities, TIC 2.7697%
Morgan Stanley, TIC 2.7896%
RBC Capital Mkts, TIC 2.8009%
Jefferies, TIC 2.8479%
Goldman Sachs, TIC 2.8944%
Barclays Capital, TIC 2.9319%
Huntington Secs, TIC 2.9596%
PNC Capital Markets, TIC 3.0284%
Illinois
Aug 26, 2025 $235,000,000
General Obligation Bonds, Series of September 2025C (book entry).
Dated Sep 11, 2025.
Due Sep 1, 2031 to 2035.
Callable Sep 1, 2034 at par.
Winning bid: Wells Fargo Corp, at 111.0012, TIC 3.5324%.
L.O.: Chapman and Cutler LLP, Chicago, IL; and Hardwick Law Firm, Chicago, IL.
F.A.: Frasca & Associates, L.L.C., New York, NY.
Other bidders were:
BofA Securities, TIC 3.5404%
JPMorgan, TIC 3.6195%
Jefferies, TIC 3.6246%
RBC Capital Mkts, TIC 3.6359%
Morgan Stanley, TIC 3.6527%
Barclays Capital, TIC 3.6634%
Goldman Sachs, TIC 3.6668%
PNC Capital Markets, TIC 3.6833%
Huntington Secs, TIC 3.6985%
KENTUCKY
Johnson County School District Finance Corporation
Aug 26, 2025 $42,000,000
School Building Revenue Bonds, Series of 2025 (Kentucky State Intercept Program) (book entry).
Dated Sep 16, 2025.
Due Sep 1, 2026 to 2050.
Callable Sep 1, 2033 at par.
Winning bid: Baird, at 98.0000, NIC 4.7051%.
Other managers: SouthState | DuncanWilliams Securities Corp., CL King & Associates, Edward Jones, FHN Financial Capital Markets, Stifel, Nicolaus & Co., Inc., UBS Financial Services, Inc., Crews & Associates, Inc., Davenport & Company LLC, Isaak Bond Investments, Inc., Northland Securities, Inc., Oppenheimer & Co., Inc., Carty, Harding, & Hearn, Inc., First Kentucky Securities Corp., PNC Capital Markets, Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, BOK Financial Securities, Midland Securities Ltd, Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, InspereX LLC, First Bankers' Banc Securities Inc., Blaylock Van, LLC, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Steptoe & Johnson PLLC, Louisville, KY.
F.A.: RSA Advisors, LLC, Lexington, KY.
Other bidders were:
Truist Secs, Inc., NIC 4.839%
Raymond James, NIC 4.8984%
Wells Fargo Corp, NIC 4.9267%
LOUISIANA
Parishwide School District of the Parish of Beauregard
Aug 26, 2025 $15,000,000
General Obligation School Bonds, Series 2025 (book entry).
Dated Sep 25, 2025.
Due Mar 1, 2026 to 2045.
Callable Mar 1, 2035 at par.
Winning bid: Baird, at 101.9833, TIC 4.3569%.
Other managers: CL King & Associates, Crews & Associates, Inc., Edward Jones, Davenport & Company LLC, Stifel, Nicolaus & Co., Inc., FHN Financial Capital Markets, Colliers Securities LLC, SouthState | DuncanWilliams Securities Corp., Northland Securities, Inc., Oppenheimer & Co., Inc., Carty, Harding, & Hearn, Inc., Celadon Financial Group, LLC, Cadz Securities Inc,, Midland Securities Ltd, FMSbonds, Inc., BOK Financial Securities, Multi-Bank Securities Inc., A.G.P./Alliance Global Partners, First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, D.A. Davidson & Co., First Bankers' Banc Securities Inc., Blaylock Van, LLC, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Middlegate Securities.
L.O.: Foley & Judell, New Orleans, LA.
F.A.: Raymond James & Associates, Inc., New Orleans, LA; and Raymond James & Associates, Inc., Memphis, TN.
Other bidders were:
StoneX Fin Inc., TIC 4.3823%
Fidelity Capital, TIC 4.4286%
Huntington Secs, TIC 4.4571%
MICHIGAN
Brighton No. 4 Drain Drainage District
Aug 26, 2025 $2,250,000
Brighton No. 4 Drain Bonds, Series 2025 (bank qualified) (book entry).
Dated Sep 16, 2025.
Due Jun 1, 2027 to 2045.
Callable Jun 1, 2032 at par.
Winning bid: Baird, at 100.4412, TIC 4.0269%.
Other managers: CL King & Associates, Fidelity Capital Markets, Edward Jones, Crews & Associates, Inc., Northland Securities, Inc., The Baker Group, Middlegate Securities, A.G.P./Alliance Global Partners, Cadz Securities Inc,, Carty, Harding, & Hearn, Inc., Celadon Financial Group, LLC, FMSbonds, Inc., Midland Securities Ltd, Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, Blaylock Van, LLC, Mountainside Securities LLC, StoneX Financial Inc., Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Oppenheimer & Co., Inc..
L.O.: Dickinson Wright PLLC, Troy, MI.
F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.
Other bidders were:
TD Securities, TIC 4.0646%
BOK Fin Secs, TIC 4.1512%
Raymond James, TIC 4.2287%
Bernardi Securities, TIC 4.4237%
MINNESOTA
Moorhead (City)
Aug 25, 2025 $11,320,000
General Obligation Temporary Improvement Bonds, Series 2025A (book entry).
Dated Sep 18, 2025.
Due Sep 1, 2028.
Callable Sep 1, 2026 at par.
Winning bid: Oppenheimer, at 100.0260, TIC 3.2411%.
L.O.: Ohnstad Twichell, West Fargo, ND.
F.A.: Baker Tilly Municipal Advisors, LLC, St. Paul, MN.
Other bidders were:
Baird, TIC 3.4577%
Piper Sandler, TIC 3.555%
Moorhead (City)
Aug 25, 2025 $16,220,000
General Obligation Improvement and Wastewater Refunding Bonds, Series 2025B (book entry).
Dated Sep 18, 2025.
Due Feb 1, 2027 to 2046.
Callable Feb 1, 2035 at par.
Winning bid: Janney Montgomery, at 107.5505, TIC 3.8894%.
L.O.: Ohnstad Twichell, West Fargo, ND.
F.A.: Baker Tilly Municipal Advisors, LLC, St. Paul, MN.
Other bidders were:
Baird, TIC 3.8932%
UBS Financial Svcs, TIC 3.9095%
FHN Fin Cap Mkts, TIC 3.9252%
TD Securities, TIC 3.9291%
Hilltop Securities, TIC 3.9692%
UMB Bank, TIC 3.9839%
StoneX Fin Inc., TIC 3.9911%
Piper Sandler, TIC 4.0079%
Huntington Secs, TIC 4.0267%
Mesirow Financial, TIC 4.0451%
NEW JERSEY
New Brunswick (City)
Aug 26, 2025 $31,395,000
Bond Anticipation Notes, Series 2025 Consisting of : $17,395,000 General Improvement Bond Anticipation Note and $14,000,000 Water Utility Bond Anticipation Note (book entry).
Dated Sep 9, 2025.
Due Sep 8, 2026.
Purchased $31,395,000.00 by Jefferies, at 4.0%, plus $423,204.60, effective rate 2.6482%.
L.O.: McManimon Scotland & Baumann, Roseland, NJ.
F.A.: Phoenix Advisors, Hamilton, NJ.
Other bidders were:
JPMorgan, Effective Rate 2.6543%
Oppenheimer, Effective Rate 2.6603%
TD Securities, Effective Rate 2.6813%
BNY Mellon Cap Mkts, Effective Rate 2.83%
Fidelity Capital, Effective Rate 2.8378%
NEW YORK
Bethany (Town)
Aug 26, 2025 $600,000
Bond Anticipation Notes, 2025A (bank qualified).
Dated Sep 16, 2025.
Due Sep 15, 2026.
Purchased $600,000.00 by Roosevelt & Cross, at 3.5%, plus $822.00, effective rate 3.3626%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
Bank of Greene Co, Effective Rate 3.49%
Oppenheimer, Effective Rate 4.3215%
Kent (Town)
Aug 26, 2025 $570,000
Bond Anticipation Notes, 2025 Series A (bank qualified).
Dated Sep 10, 2025.
Due Sep 10, 2026.
Purchased $570,000.00 by Roosevelt & Cross, at 3.5%, plus $815.00, effective rate 3.357%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Capital Markets Advisors, LLC, Great Neck, NY.
Other bidders were:
Bank of Greene Co, Effective Rate 3.49%
Oppenheimer, Effective Rate 4.3224%
New Hartford Village
Aug 26, 2025 $2,066,000
Bond Anticipation Notes, 2025 (bank qualified).
Dated Sep 10, 2025.
Due Sep 10, 2026.
Purchased $2,066,000.00 by Roosevelt & Cross, at 3.5%, plus $1,405.00, effective rate 3.432%.
L.O.: Bond, Schoeneck & King, PLLC, Syracuse, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Piper Sandler, Effective Rate 3.458%
Bank of Greene Co, Effective Rate 3.49%
NBT Bank, Effective Rate 3.55%
Oppenheimer, Effective Rate 4.3874%
North Merrick Union Free School District
Aug 26, 2025 $2,000,000
Tax Anticipation Notes for 2025 - 2026 Taxes (bank qualified).
Dated Sep 9, 2025.
Due May 28, 2026.
Purchased $2,000,000.00 by Oppenheimer, at 4.0%, plus $14,680.00, effective rate 2.9798%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Munistat Services, Inc., Port Jefferson, NY.
Other bidders were:
Piper Sandler, Effective Rate 2.9897%
Fidelity Capital, Effective Rate 3.0826%
Bank of Greene Co, Effective Rate 3.49%
SOUTH CAROLINA
Berkeley County School District
Aug 26, 2025 $111,000,000
General Obligation Bonds, Series 2025A (book entry).
Dated Sep 11, 2025.
Due Jun 1, 2026.
Purchased $111,000,000.00 by BofA Securities, at 5.0%, plus $1,988,010.00, effective rate 2.4691%.
L.O.: Haynsworth Sinkler Boyd, P.A., Charleston, SC.
F.A.: First Tryon Advisors, Charlotte, NC.
Other bidders were:
JPMorgan, Effective Rate 2.4773%
Wells Fargo Corp, Effective Rate 2.5065%
TD Securities, Effective Rate 2.5104%
BNY Mellon Cap Mkts, Effective Rate 2.7551%
TEXAS
Baytown (City)
Aug 26, 2025 $82,535,000
Combination Tax and Revenue Certificates of Obligation, Series 2025 (book entry).
Dated Sep 1, 2025.
Due Feb 1, 2026 to 2050.
Callable Feb 1, 2034 at par.
Winning bid: Baird, at 101.0000, TIC 4.6026%.
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, Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., Blaylock Van, LLC, Caldwell Sutter Capital, Inc..
L.O.: Bracewell LLP, Houston, TX; and State Attorney General.
F.A.: Hilltop Securities Inc., Houston, TX.
Other bidders were:
Jefferies, TIC 4.6375%
Truist Secs, Inc., TIC 4.6786%
Morgan Stanley, TIC 4.7163%
JPMorgan, TIC 4.7181%
BOK Fin Secs, TIC 4.723%
Castroville (City)
Aug 26, 2025 $6,920,000
Combination Tax and Revenue Certificates of Obligation, Series 2025 (bank qualified) (book entry).
Dated Aug 15, 2025.
Due Aug 1, 2027 to 2045.
Callable Aug 1, 2034 at par.
Winning bid: BOK Fin Secs, at 102.8567, TIC 3.9066%.
Other managers: Stifel, Nicolaus & Co., Inc..
L.O.: McCall Parkhurst & Horton, San Antonio, TX; and State Attorney General.
F.A.: SAMCO Capital Markets, San Antonio, TX.
Other bidders were:
Baker Group, TIC 3.9787%
Hilltop Securities, TIC 3.9845%
Raymond James, TIC 3.9969%
Baird, TIC 4.0271%
FHN Fin Cap Mkts, TIC 4.1023%
Bancroft Capital, TIC 4.128%
SouthState | Duncan, TIC 4.237%
Fidelity Capital, TIC 4.2399%
SWBC Investment Svcs, TIC 4.3086%
Brownstone Inv Grp, TIC 4.3772%
Comal County Water Improvement District No.1D
Aug 26, 2025 $3,020,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Sep 1, 2025.
Due Sep 1, 2027 to 2051.
Callable Sep 1, 2031 at par.
Winning bid: Fidelity Capital, at 97.0171, NIC 4.9896%.
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: Masterson Advisors LLC, Houston, TX.
Other bidders were:
SAMCO Cap Mkts, NIC 5.0293%
Baird, NIC 5.0708%
Raymond James, NIC 5.0881%
Hilltop Securities, NIC 5.0917%
Crews & Associates, NIC 5.0964%
RBC Capital Mkts, NIC 5.0972%
Meadowhill Regional Municipal Utility District
Aug 26, 2025 $3,050,000
Waterworks and Sewer System Combination Unlimited Tax and Revenue Bonds, Series 2025 (bank qualified) (book entry).
Dated Oct 1, 2025.
Due Oct 1, 2038 to 2040.
Callable Oct 1, 2031 at par.
Winning bid: Baker Group, at 97.5222, NIC 4.1091%.
L.O.: Johnson Petrov LLP, Houston, TX; and State Attorney General.
F.A.: Blitch Associates, Inc., Houston, TX.
Other bidders were:
Hilltop Securities, NIC 4.2667%
Raymond James, NIC 4.2985%
Baird, NIC 4.354%
Stifel Nicolaus, NIC 4.3846%
SAMCO Cap Mkts, NIC 4.6085%
Presidential Glen Municipal Utility District
Aug 26, 2025 $1,600,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Sep 23, 2025.
Due Sep 1, 2026 to 2050.
Callable Sep 1, 2032 at par.
Winning bid: Hilltop Securities, at 97.0000, NIC 4.8929%.
Other managers: FMSbonds, Inc..
L.O.: McCall Parkhurst & Horton, Austin, TX; and State Attorney General.
F.A.: Public Finance Group LLC, Austin, TX.
Other bidders were:
Baker Group, NIC 4.9089%
Baird, NIC 4.912%
Raymond James, NIC 4.9372%
SAMCO Cap Mkts, NIC 4.9803%
Fidelity Capital, NIC 4.9939%
Smith County
Aug 25, 2025 $19,375,000
General Obligation Bonds, Series 2025 (book entry).
Dated Aug 15, 2025.
Due Aug 15, 2026 to 2045.
Callable Aug 15, 2035 at par.
Winning bid: JPMorgan, at 104.0447, TIC 4.1926%.
L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.
F.A.: Specialized Public Finance Inc., Dallas, TX; and Specialized Public Finance Inc., Austin, TX.
Other bidders were:
Hilltop Securities, TIC 4.1963%
Piper Sandler, TIC 4.2122%
Huntington Secs, TIC 4.2177%
Janney Montgomery, TIC 4.2589%
Baird, TIC 4.267%
Fidelity Capital, TIC 4.28%
BOK Fin Secs, TIC 4.3255%
WISCONSIN
Madison Area Technical College District
Aug 26, 2025 $5,000,000
General Obligation Promissory Notes Series 2025- 26B (book entry).
Dated Sep 15, 2025.
Due Mar 1, 2026 to 2029.
Non-callable.
Winning bid: Loop Capital, at 103.2327, TIC 3.0833%.
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: PMA Securities, Inc., Milwaukee, WI.
Other bidders were:
UMB Bank, TIC 3.1458%
TD Securities, TIC 3.1585%
Brownstone Inv Grp, TIC 3.1649%
FHN Fin Cap Mkts, TIC 3.2002%
Huntington Secs, TIC 3.2324%
Baird, TIC 3.2347%
Piper Sandler, TIC 3.2473%
StoneX Fin Inc., TIC 3.298%
TAXABLE ISSUES
CALIFORNIA
Santa Clara Valley Water District
Aug 26, 2025 $90,720,000
Water System Refunding Revenue Bonds Taxable, Series 2025B (book entry).
Dated Sep 10, 2025.
Due Jun 1, 2026 to 2055.
Callable Jun 1, 2035 at par.
Winning bid: Raymond James, at 99.4538, TIC 5.4493%.
L.O.: Stradling, Yocca, Carlson & Rauth, Sacramento, CA.
F.A.: Public Resources Advisory Group, Los Angeles, CA.
Other bidders were:
JPMorgan, TIC 5.4659%
Wells Fargo Corp, TIC 5.49%
BofA Securities, TIC 5.4972%
Morgan Stanley, TIC 5.5029%
Piper Sandler, TIC 5.5071%
ILLINOIS
Illinois
Aug 26, 2025 $240,000,000
General Obligation Bonds, Taxable Series of September Series 2025A (Taxable) (book entry).
Dated Sep 11, 2025.
Due Sep 1, 2026 to 2035.
Non-callable.
Winning bid: Wells Fargo Corp, at 99.9351, TIC 4.55%.
L.O.: Chapman and Cutler LLP, Chicago, IL; and Hardwick Law Firm, Chicago, IL.
F.A.: Frasca & Associates, L.L.C., New York, NY.
Other bidders were:
JPMorgan, TIC 4.578%
Morgan Stanley, TIC 4.7574%
Oppenheimer, TIC 4.8264%
RBC Capital Mkts, TIC 4.8703%
PNC Capital Markets, TIC 4.9333%
BofA Securities, TIC 4.9999%
Jefferies, TIC 5.122%
Goldman Sachs, TIC 5.158%
SOUTH CAROLINA
Berkeley County School District
Aug 26, 2025 $1,450,000
General Obligation Bonds, Taxable Series 2025B (book entry).
Dated Sep 11, 2025.
Due Mar 2, 2026.
Purchased $1,450,000.00 by Oppenheimer, at 5.0%, plus $145.00, effective rate 4.9815%.
L.O.: Haynsworth Sinkler Boyd, P.A., Charleston, SC.
F.A.: First Tryon Advisors, Charlotte, NC.
Other bidders were:
Piper Sandler, Effective Rate 5.0441%