KENTUCKY
Bardstown Independent School District Finance Corporation
Sep 2, 2025 $21,100,000
School Building Revenue Bonds, Series of 2025 (Kentucky School District Enhancement Program) (book entry).
Dated Sep 23, 2025.
Due Sep 1, 2026 to 2048.
Callable Sep 1, 2033 at par.
Winning bid: Baird, at 98.0746, NIC 4.9817%.
Other managers: 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., Cadz Securities Inc,, First Kentucky Securities Corp., PNC Capital Markets, Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, BOK Financial Securities, Midland Securities Ltd, FMSbonds, Inc., First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, Valdes & Moreno, 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:
Mesirow Financial, NIC 5.0566%
Raymond James, NIC 5.0589%
StoneX Fin Inc., NIC 5.0599%
MASSACHUSETTS
Ludlow (Town)
Sep 2, 2025 $4,711,383
General Obligation Bond Anticipation Notes (bank qualified) (book entry).
Dated Sep 10, 2025.
Due Sep 10, 2026.
Purchased $4,711,383.00 by TD Bank, N.A., at 2.875%, plus $53,003.05, effective rate 2.875%.
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:
Oppenheimer, Effective Rate 3.007%
Oppenheimer, Effective Rate 3.007%
MINNESOTA
Farmington (City)
Sep 2, 2025 $2,950,000
General Obligation Street Reconstruction Bonds, Series 2025A (bank qualified) (book entry).
Dated Sep 30, 2025.
Due Feb 1, 2027 to 2037.
Callable Feb 1, 2033 at par.
Winning bid: Piper Sandler, at 107.5437, TIC 3.2814%.
L.O.: Dorsey & Whitney, Minneapolis, MN.
F.A.: Northland Securities, Inc., Minneapolis, MN.
Other bidders were:
Baird, TIC 3.2954%
D.A. Davidson, TIC 3.2959%
Hilltop Securities, TIC 3.2974%
Raymond James, TIC 3.3014%
BOK Fin Secs, TIC 3.3094%
Huntington Secs, TIC 3.3295%
Brownstone Inv Grp, TIC 3.3929%
TEXAS
Marble Falls (City)
Sep 2, 2025 $29,145,000
Combination Tax and Revenue Certificates of Obligation, Series 2025 (book entry).
Dated Aug 1, 2025.
Due Feb 1, 2027 to 2045.
Callable Feb 1, 2034 at par.
Winning bid: Fidelity Capital, at n/a, TIC 4.3499%.
Other managers: Raymond James & Associates, Inc., Ramirez & Co., Inc., SumRidge Partners, LLC, Zeus Financial, LLC.
L.O.: Bickerstaff Heath Delgado Acosta LLP, Austin, TX; and State Attorney General.
F.A.: SAMCO Capital Markets, San Antonio, TX.
Other bidders were:
Piper Sandler, TIC 4.3685%
Morgan Stanley, TIC 4.3903%
BOK Fin Secs, TIC 4.3971%
Baird, TIC 4.4157%
Jefferies, TIC 4.4259%
Hilltop Securities, TIC 4.4451%
Mesirow Financial, TIC 4.4479%
KeyBanc Cap Mkts, TIC 4.4824%
Wells Fargo Corp, TIC 4.497%
Montgomery County Municipal Utility District No. 140
Sep 2, 2025 $11,640,000
Unlimited Tax Bonds, Series 2025 (book entry).
Dated Sep 15, 2025.
Due Mar 1, 2028 to 2051.
Callable Mar 1, 2032 at par.
Winning bid: SAMCO Cap Mkts, at 97.0036, NIC 4.9757%.
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.: The Muller Law Group, Sugar Land, TX; and State Attorney General.
F.A.: Masterson Advisors LLC, Houston, TX.
Other bidders were:
Baird, NIC 4.9906%
UMB Bank, NIC 4.9934%
Crews & Associates, NIC 4.9943%
Hilltop Securities, NIC 5.0299%
Van Alstyne Municipal Utility District No. 1
Sep 2, 2025 $1,750,000
Unlimited Tax Road Bonds, Series 2025 (bank qualified) (book entry).
Dated Oct 1, 2025.
Due Sep 1, 2027 to 2050.
Callable Oct 1, 2031 at par.
Winning bid: Fidelity Capital, at 97.0240, NIC 4.9938%.
L.O.: Coats Rose, P.C, Dallas, TX; and State Attorney General.
F.A.: Baird, Irving, TX; and Baird, Houston, TX.
Other bidders were:
SAMCO Cap Mkts, NIC 5.0548%
Northland Securities, NIC 5.1089%
Hilltop Securities, NIC 5.112%
RBC Capital Mkts, NIC 5.1266%
Raymond James, NIC 5.1394%
WISCONSIN
Pardeeville Area School District
Sep 2, 2025 $2,200,000
Tax and Revenue Anticipation Promissory Notes (bank qualified) (book entry).
Dated Sep 10, 2025.
Due Aug 28, 2026.
Purchased $2,200,000.00 by BOK Fin Secs, at 4.0%, plus $14,058.00, effective rate 3.2925%.
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: Wisconsin Public Finance Professional, LLC, Brookfield, WI.
Other bidders were:
Piper Sandler, Effective Rate 3.4666%
Northland Securities, Effective Rate 3.5699%