Market Data
Results of competitive sales: 09/26/2025

CONNECTICUT

Berlin (Town)

Sep 24, 2025 $3,585,000

General Obligation Bonds, Issue of 2025 (bank qualified) (book entry).

Dated Oct 9, 2025.

Due Oct 1, 2026 to 2035.

Callable Oct 1, 2031 at par.

Winning bid: Raymond James, at 109.3628, TIC 2.518%.

Other managers: Fidelity Capital Markets.

L.O.: Pullman & Comley, Hartford, CT.

F.A.: Phoenix Advisors, LLC, Milford, CT.

Other bidders were:

Roosevelt & Cross, TIC 2.53%

Brownstone Inv Grp, TIC 2.6302%

Loop Capital, TIC 2.6341%

Baird, TIC 2.7108%

TD Securities, TIC 2.7323%

Huntington Secs, TIC 2.7471%

Bancroft Capital, TIC 2.7659%

Fifth Third Secs, TIC 2.7839%


FLORIDA

Pinellas County School District

Sep 25, 2025 $150,000,000

Tax Anticipation Notes, Series 2025 (book entry).

Dated Oct 2, 2025.

Due Jun 30, 2026.

Purchased $150,000,000.00 by Wells Fargo Corp, at 4.0%, plus $1,626,000.00, effective rate 2.5439%.

L.O.: Nabors, Giblin & Nickerson, Tampa, FL.

F.A.: Ford & Associates, Tampa, FL.

Other bidders were:

BofA Securities, Effective Rate 2.5493%

TD Securities, Effective Rate 2.5681%

Raymond James, Effective Rate 2.6581%

JPMorgan, Effective Rate 2.6621%

RBC Capital Mkts, Effective Rate 2.697%


INDIANA

Munster (Town)

Sep 25, 2025 $20,090,000

Waterworks Revenue Bonds, Series 2025 (book entry).

Dated Oct 9, 2025.

Due Jan 1, 2026 to Jul 1, 2045.

Callable Jan 1, 2034 at par.

Winning bid: Baird, at 99.0222, NIC 3.9853%.

Other managers: CL King & Associates, Edward Jones, Bernardi Securities, Inc., Colliers Securities LLC, Crews & Associates, Inc., Northland Securities, Inc., Davenport & Company LLC, Oppenheimer & Co., Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, A.G.P./Alliance Global Partners, Midland Securities Ltd, FMSbonds, Inc., First Kentucky Securities Corp., Celadon Financial Group, LLC, BOK Financial Securities, Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., Valdes & Moreno, Inc., InspereX LLC, Blaylock Van, LLC, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..

L.O.: Barnes & Thornburg LLP, Indianapolis, IN.

F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.

Other bidders were:

FHN Fin Cap Mkts, NIC 4.0521%

SAMCO Cap Mkts, NIC 4.08%

Huntington Secs, NIC 4.3126%


South Gibson School Corporation

Sep 24, 2025 $5,700,000

General Obligation Bonds of 2025 (Indiana State Aid Intercept Program) (bank qualified) (book entry).

Dated Oct 15, 2025.

Due Jul 15, 2028 to Jan 15, 2036.

Non-callable.

Winning bid: Brownstone Inv Grp, at 105.9060, NIC 3.1263%.

L.O.: Ice Miller, Indianapolis, IN.

F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.

Other bidders were:

Baird, NIC 3.1454%

StoneX Fin Inc., NIC 3.2126%

Raymond James, NIC 3.2194%

BOK Fin Secs, NIC 3.22%

TD Securities, NIC 3.2756%


KENTUCKY

Lincoln County School District Finance Corporation

Sep 25, 2025 $850,000

School Building Revenue Bonds, Series of 2025 (bank qualified) (book entry).

Dated Oct 16, 2025.

Due Oct 1, 2026 to 2045.

Callable Oct 1, 2033 at par.

Winning bid: Bernardi Securities, at 99.3469, NIC 4.0519%.

L.O.: Steptoe & Johnson PLLC, Louisville, KY.

F.A.: RSA Advisors, LLC, Lexington, KY.

Other bidders were:

Baird, NIC 4.0559%

CINCap Invest Grp, NIC 4.1578%

Stifel Nicolaus, NIC 4.2832%


Oldham County School District

Sep 23, 2025 $104,110,000

General Obligation Bonds, Series 2025B (Kentucky School District Enhancement Program) (book entry).

Dated Oct 14, 2025.

Due Feb 1, 2026 to 2045.

Callable Feb 1, 2035 at par.

Winning bid: Truist Secs, Inc., at 104.0293, TIC 4.0819%.

L.O.: Dinsmore Shohl LLP, Lousville, KY.

F.A.: Baird, Louisville, KY.

Other bidders were:

KeyBanc Cap Mkts, TIC 4.0914%

Janney Montgomery, TIC 4.0922%

JPMorgan, TIC 4.0958%

Jefferies, TIC 4.097%

UBS Financial Svcs, TIC 4.0977%

Mesirow Financial, TIC 4.1025%

Huntington Secs, TIC 4.1047%

StoneX Fin Inc., TIC 4.1117%

Morgan Stanley, TIC 4.1163%

Piper Sandler, TIC 4.1167%

Wells Fargo Corp, TIC 4.1191%


NEW JERSEY

Board of Fire Commissioners of Fire District No. 1 in the Township of Franklin

Sep 24, 2025 $1,370,000

Bond Anticipation Notes (bank qualified).

Dated Oct 1, 2025.

Due Jun 23, 2026.

Purchased $1,370,000.00 by Oppenheimer, at 3.0%, plus $1,918.00, effective rate 3.8076%.

L.O.: McManimon Scotland & Baumann, Roseland, NJ.

F.A.: Municipal Official(s).

Other bidders were:

Newfield Natl Bk, Effective Rate 4.25%

Chester Borough

Sep 25, 2025 $1,469,344

Bond Anticipation Note (bank qualified).

Dated Oct 9, 2025.

Due Oct 9, 2026.

Purchased $1,469,344.00 by Piper Sandler, at 4.5%, plus $1,763.21, effective rate 4.38%.

L.O.: Hawkins, Delafield & Wood, Newark, NJ.

F.A.: Municipal Official(s).


Ocean City (City)

Sep 25, 2025 $16,000,000

General Improvement Bonds, Series 2025 (book entry).

Dated Oct 9, 2025.

Due Oct 1, 2026 to 2045.

Callable Oct 1, 2032 at par.

Winning bid: Roosevelt & Cross, at 104.6512, TIC 3.5972%.

Other managers: FHN Financial Capital Markets, Stifel, Nicolaus & Co., Inc., Intercoastal Capital Markets, Inc., R. Seelaus & Co., Inc., Edward Jones, TRB Capital Markets, LLC.

L.O.: McManimon Scotland & Baumann, Roseland, NJ.

F.A.: Phoenix Advisors, Hamilton, NJ.

Other bidders were:

UBS Financial Svcs, TIC 3.6059%

Baird, TIC 3.6082%

Hilltop Securities, TIC 3.6166%

Janney Montgomery, TIC 3.6197%

Raymond James, TIC 3.6373%

StoneX Fin Inc., TIC 3.6647%

Mesirow Financial, TIC 3.6681%

TD Securities, TIC 3.7191%

Bancroft Capital, TIC 3.7279%

Ocean City (City)

Sep 25, 2025 $43,000,000

Bond Anticipation Note, Series 2025B (book entry).

Dated Oct 9, 2025.

Due Oct 8, 2026.

Purchased $43,000,000.00 by Janney Montgomery, at 3.75%, plus $533,372.00, effective rate 2.5061%.

L.O.: McManimon Scotland & Baumann, Roseland, NJ.

F.A.: Phoenix Advisors, Hamilton, NJ.

Other bidders were:

Oppenheimer, Effective Rate 2.5329%

Jefferies, Effective Rate 2.548%

TD Securities, Effective Rate 2.555%

BNY Mellon Cap Mkts, Effective Rate 2.5696%

Wells Fargo Corp, Effective Rate 2.6603%

JPMorgan, Effective Rate 2.6633%

Truist Secs, Inc., Effective Rate 2.7445%

Waldwick Borough

Sep 25, 2025 $10,360,000

General Obligations Bond Anticipation Notes.

Dated Oct 10, 2025.

Due Oct 9, 2026.

Purchased $10,360,000.00 by Piper Sandler, at 3.5%, plus $14,504.00, effective rate 3.3596%.

L.O.: Rogut McCarthy LLC, Cranford, NJ.

F.A.: Municipal Official(s).

Washington Borough

Sep 25, 2025 $1,525,262

Bond Anticipation Note (bank qualified).

Dated Oct 9, 2025.

Due Oct 9, 2026.

Purchased $1,525,262.00 by Firstbank, at 3.81%, effective rate 3.81%.

L.O.: Hawkins, Delafield & Wood, Newark, NJ.

F.A.: Municipal Official(s).


Woodbridge Township

Sep 25, 2025 $16,155,000

General Improvement Bonds (book entry).

Dated Oct 1, 2025.

Due Oct 1, 2026 to 2039.

Callable Oct 1, 2032 at par.

Winning bid: Baird, at 105.0000, TIC 3.1376%.

Other managers: CL King & Associates, Midland Securities Ltd, Blaylock Van, LLC, Northland Securities, Inc., A.G.P./Alliance Global Partners, Crews & Associates, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, FMSbonds, Inc., Middlegate Securities, Celadon Financial Group, LLC, First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Oppenheimer & Co., Inc..

L.O.: Rogut McCarthy LLC, Cranford, NJ.

F.A.: Phoenix Advisors, Hamilton, NJ.

Other bidders were:

FHN Fin Cap Mkts, TIC 3.1426%

Janney Montgomery, TIC 3.1512%

RBC Capital Mkts, TIC 3.1551%

UBS Financial Svcs, TIC 3.1779%

Fifth Third Secs, TIC 3.1788%

Hilltop Securities, TIC 3.1887%

Loop Capital, TIC 3.1906%

StoneX Fin Inc., TIC 3.1988%

Brownstone Inv Grp, TIC 3.2368%

Mesirow Financial, TIC 3.2495%

Fidelity Capital, TIC 3.2707%


NEW YORK

Dewitt (Town)

Sep 25, 2025 $18,950,000

General Obligation (Serial) Bonds, 2025.

Dated Oct 10, 2025.

Due Oct 1, 2026 to 2045.

Callable Oct 1, 2033 at par.

Winning bid: UBS Financial Svcs, at n/a, NIC 3.6663%.

L.O.: Hancock Estabrook, LLP, Syracuse, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Janney Montgomery, NIC 3.6817%

Fidelity Capital, NIC 3.6894%

Brownstone Inv Grp, NIC 3.6898%

Baird, NIC 3.6901%

Hilltop Securities, NIC 3.6933%

Cabrera Cap Mkts, NIC 3.699%

Roosevelt & Cross, NIC 3.7001%

Mesirow Financial, NIC 3.7174%

SWBC Investment Svcs, NIC 3.7338%

Harrietstown (Town)

Sep 25, 2025 $150,000

Bond Anticipation Notes, 2025 (Renewals) (bank qualified).

Dated Oct 8, 2025.

Due Oct 8, 2026.

Purchased $150,000.00 by Bank of Greene Co, at 3.88%, effective rate 3.88%.

L.O.: Trespasz & Marquardt, LLP, Syracuse, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Roosevelt & Cross, Effective Rate 3.996%

NBT Bank, Effective Rate 4.0%


Hermon-DeKalb Central School District

Sep 25, 2025 $340,000

School District (Serial) Bonds, 2025 (bank qualified) (book entry).

Dated Oct 9, 2025.

Due Sep 1, 2026 to 2030.

Non-callable.

Winning bid: Roosevelt & Cross, at n/a, NIC 3.8401%.

L.O.: Trespasz Law Offices LLP, Syracuse, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Bank of Greene Co, NIC 3.8925%


Niagara (Town)

Sep 25, 2025 $700,000

Public Improvement Serial Bonds, 2025 (bank qualified).

Dated Oct 15, 2025.

Due Mar 1, 2026 to 2040.

Callable Mar 1, 2033 at par.

Winning bid: Bank of Greene Co, at n/a, NIC 4.05%.

L.O.: Hodgson, Russ LLP, Buffalo, NY.

F.A.: Municipal Solutions, Inc., Canandaigua, NY.

Other bidders were:

Roosevelt & Cross, NIC 4.2976%

Rensselaer County Board of Cooperative Educational Services

Sep 25, 2025 $5,000,000

Revenue Anticipation Notes, 2025 (bank qualified).

Dated Oct 9, 2025.

Due Mar 27, 2026.

Purchased $5,000,000.00 by Bank of Greene Co, at 3.49%, effective rate 3.49%.

L.O.: Barclay Damon LLP, Albany, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

M & T Bank, Effective Rate 3.83%

Oppenheimer, Effective Rate 3.8334%

Sag Harbor Union Free School District

Sep 25, 2025 $9,000,000

Tax Anticipation Notes for 2025-2026 Taxes (bank qualified).

Dated Oct 9, 2025.

Due Jun 25, 2026.

Purchased $9,000,000.00 by Fidelity Capital, at 4.0%, plus $96,660.00, effective rate 2.4897%.

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:

BNY Mellon Cap Mkts, Effective Rate 2.5697%

Huntington Secs, Effective Rate 2.5994%

Piper Sandler, Effective Rate 2.6063%

Jefferies, Effective Rate 2.6478%

TD Securities, Effective Rate 2.6559%

Hilltop Securities, Effective Rate 2.693%

Springs Union Free School District

Sep 25, 2025 $6,000,000

Tax Anticipation Notes For 2025 - 2026 Taxes (bank qualified).

Dated Oct 9, 2025.

Due Jun 24, 2026.

Purchased $6,000,000.00 by Fidelity Capital, at 4.0%, plus $61,200.00, effective rate 2.56%.

L.O.: Hawkins, Delafield & Wood, New York, NY.

F.A.: Munistat Services, Inc., Port Jefferson, NY.

Other bidders were:

Piper Sandler, Effective Rate 2.6456%

Jefferies, Effective Rate 2.66%

Oppenheimer, Effective Rate 2.6845%

TD Securities, Effective Rate 2.7138%

Hilltop Securities, Effective Rate 2.7526%

Waverly Village

Sep 25, 2025 $3,285,545

Bond Anticipation Notes, 2025A (bank qualified).

Dated Oct 16, 2025.

Due Jul 15, 2026.

Purchased $3,285,545.00 by Bank of Greene Co, at 3.81%, effective rate 3.81%.

L.O.: Hodgson, Russ LLP, Buffalo, NY.

F.A.: Municipal Solutions, Inc., Canandaigua, NY.

Other bidders were:

Oppenheimer, Effective Rate 3.8654%

Westhampton Beach Union Free School District

Sep 25, 2025 $10,000,000

Tax Anticipation Notes For 2025 - 2026 Taxes.

Dated Oct 7, 2025.

Due Jun 24, 2026.

Purchased $10,000,000.00 by Truist Secs, Inc., at 3.25%, plus $56,500.00, effective rate 2.4586%.

L.O.: Hawkins, Delafield & Wood, New York, NY.

F.A.: Munistat Services, Inc., Port Jefferson, NY.

Other bidders were:

Fidelity Capital, Effective Rate 2.4886%

Jefferies, Effective Rate 2.6882%

Hilltop Securities, Effective Rate 2.7116%

Piper Sandler, Effective Rate 2.7176%

BNY Mellon Cap Mkts, Effective Rate 2.8149%


OHIO

Sidney (City)

Sep 24, 2025 $6,600,000

Fire Station Improvement Limited Tax General Obligation Bonds, Series 2025 (book entry).

Dated Oct 7, 2025.

Due Dec 1, 2026 to 2055.

Callable Dec 1, 2030 at par.

Winning bid: Hilltop Securities, at 101.7762, TIC 4.5845%.

L.O.: Dinsmore & Shohl LLP, Columbus, OH.

F.A.: Sudsina & Associates, Aurora, OH.

Other bidders were:

Baird, TIC 4.586%

StoneX Fin Inc., TIC 4.6956%

Raymond James, TIC 4.7047%

Bernardi Securities, TIC 4.7174%


SOUTH CAROLINA

Spartanburg County School District No. 7

Sep 25, 2025 $47,000,000

General Obligation Bond Anticipation Notes, Series 2025 (book entry).

Dated Oct 15, 2025.

Due Oct 15, 2026.

Purchased $47,000,000.00 by BNY Mellon Cap Mkts, at 4.0%, plus $686,312.80, effective rate 2.4877%.

L.O.: Burr & Forman, Columbia, SC.

F.A.: Compass Municipal Advisors, Columbia, SC.

Other bidders were:

Truist Secs, Inc., Effective Rate 2.4945%

TD Securities, Effective Rate 2.5249%

Oppenheimer, Effective Rate 2.5259%

Wells Fargo Corp, Effective Rate 2.5281%

Jefferies, Effective Rate 2.5349%

JPMorgan, Effective Rate 2.6102%


TEXAS

Fort Bend County Municipal Utility District No. 152

Sep 25, 2025 $15,540,000

Unlimited Tax Bonds, Series 2025 (book entry).

Dated Oct 1, 2025.

Due Sep 1, 2027 to 2050.

Callable Sep 1, 2030 at par.

Winning bid: Baird, at 97.1438, NIC 4.6384%.

Other managers: CL King & Associates, Edward Jones, Northland Securities, Inc., Oppenheimer & Co., Inc., Bernardi Securities, Inc., Midland Securities Ltd, Celadon Financial Group, LLC, First Southern LLC, Multi-Bank Securities Inc., Dinosaur Securities, Mountainside Securities LLC, Blaylock Van, LLC, Falcon Square Capital, Caldwell Sutter Capital, Inc., BOK Financial Securities.

L.O.: Smith, Murdaugh, Little & Bonham, Houston, TX; and State Attorney General.

F.A.: Rathmann & Associates, L.P., Houston, TX.

Other bidders were:

Raymond James, NIC 4.6457%

SAMCO Cap Mkts, NIC 4.6485%

Hilltop Securities, NIC 4.6726%

RBC Capital Mkts, NIC 4.7052%


Fort Bend County Municipal Utility District No. 207

Sep 24, 2025 $11,400,000

Unlimited Tax Bonds, Series 2025 (book entry).

Dated Oct 1, 2025.

Due Sep 1, 2027 to 2050.

Callable Sep 1, 2031 at par.

Winning bid: GMS Group, at 97.0000, NIC 5.049%.

L.O.: Schwartz, Page & Harding, Houston, TX; and State Attorney General.

F.A.: Masterson Advisors LLC, Houston, TX.

Other bidders were:

RBC Capital Mkts, NIC 5.0639%

Hilltop Securities, NIC 5.0776%


Harris-Montgomery Counties Municipal Utility District No. 386

Sep 25, 2025 $4,640,000

Enclave at the Woodlands Defined Area, Unlimited Tax Bonds, Series 2025A (bank qualified) (book entry).

Dated Oct 1, 2025.

Due Sep 1, 2027 to 2051.

Callable Sep 1, 2031 at par.

Winning bid: Fidelity Capital, at 97.1496, NIC 4.659%.

L.O.: Schwartz, Page & Harding, Houston, TX; and State Attorney General.

F.A.: Masterson Advisors LLC, Houston, TX.

Other bidders were:

SAMCO Cap Mkts, NIC 4.7154%

Crews & Associates, NIC 4.7424%

Baird, NIC 4.7852%

Raymond James, NIC 4.7933%


Van Alstyne Municipal Utility District No. 3

Sep 25, 2025 $2,605,000

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: SAMCO Cap Mkts, at 97.0033, NIC 4.8485%.

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.: Coats Rose, P.C, Dallas, TX; and State Attorney General.

F.A.: Baird, Dallas, TX; and Baird, Irving, TX.

Other bidders were:

Fidelity Capital, NIC 4.8581%

RBC Capital Mkts, NIC 4.8995%

Hilltop Securities, NIC 4.9278%

Raymond James, NIC 4.9683%

Northland Securities, NIC 5.0353%


VIRGINIA

Henrico County Economic Development Authority

Sep 24, 2025 $45,000,000

Revenue Bonds, Series 2025B (Henrico County Government Project) (book entry).

Dated Oct 8, 2025.

Due Aug 1, 2026 to 2045.

Callable Aug 1, 2035 at par.

Winning bid: Mesirow Financial, at 109.0601, TIC 3.4391%.

L.O.: Hawkins, Delafield & Wood, New York, NY.

F.A.: Davenport & Company LLC, Richmond, VA.

Other bidders were:

Hilltop Securities, TIC 3.459%

Baird, TIC 3.4629%

RBC Capital Mkts, TIC 3.4667%

Wells Fargo Corp, TIC 3.47%

UBS Financial Svcs, TIC 3.4722%

Truist Secs, Inc., TIC 3.4739%

BofA Securities, TIC 3.4797%

Jefferies, TIC 3.4876%

TD Securities, TIC 3.4911%

JPMorgan, TIC 3.4983%

Fidelity Capital, TIC 3.5294%


WISCONSIN

Green Bay Metropolitan Sewerage District

Sep 24, 2025 $17,915,000

General Obligation Promissory Notes, Series 2025B (book entry).

Dated Oct 15, 2025.

Due May 1, 2026 to 2045.

Callable May 1, 2035 at par.

Winning bid: Janney Montgomery, at 101.9997, TIC 3.7982%.

L.O.: Griggs Law Office LLC, Milwaukee, WI.

F.A.: PFM Financial Advisors LLC, Milwaukee, WI.

Other bidders were:

Baird, TIC 3.8013%

Fidelity Capital, TIC 3.8021%

Mesirow Financial, TIC 3.8464%

Piper Sandler, TIC 3.8633%

Hilltop Securities, TIC 3.8924%

TD Securities, TIC 3.8956%

Huntington Secs, TIC 3.9292%


Milwaukee (City)

Sep 24, 2025 $83,000,000

General Obligation Promissory Notes, Series 2025 N2 (book entry).

Dated Oct 15, 2025.

Due Dec 1, 2026 to 2040.

Callable Dec 1, 2034 at par.

Winning bid: Jefferies, at 108.2500, TIC 3.5834%.

L.O.: Foley & Lardner, Milwaukee, WI; and MWH Law Group LLP, Milwaukee, WI.

F.A.: PFM Financial Advisors LLC, Milwaukee, WI.

Other bidders were:

Baird, TIC 3.6179%

Wells Fargo Corp, TIC 3.65%

BofA Securities, TIC 3.6967%


TAXABLE ISSUES


MINNESOTA

Minnesota

Sep 23, 2025 $25,450,000

General Obligation Taxable State Various Purpose Bonds, Series 2025C (book entry).

Dated Oct 7, 2025.

Due Aug 1, 2026 to 2035.

Non-callable.

Winning bid: Piper Sandler, at 100.6452, TIC 3.8831%.

L.O.: Kutak Rock, Minneapolis, MN.

F.A.: Public Resources Advisory Group, New York, NY.

Other bidders were:

BofA Securities, TIC 3.9032%

Wells Fargo Corp, TIC 3.918%

FHN Fin Cap Mkts, TIC 3.9278%

Commerce Bank, TIC 3.9423%

JPMorgan, TIC 3.961%

Northland Securities, TIC 3.9666%

Fifth Third Secs, TIC 3.9706%

Raymond James, TIC 3.9774%

Baird, TIC 3.9825%

Huntington Secs, TIC 4.0472%

Morgan Stanley, TIC 4.1006%


WISCONSIN

Milwaukee (City)

Sep 24, 2025 $7,000,000

Taxable General Obligation Promissory Notes, Series 2025 T3 (book entry).

Dated Oct 15, 2025.

Due Dec 1, 2026 to 2030.

Non-callable.

Winning bid: Piper Sandler, at 99.6954, TIC 4.0838%.

L.O.: Foley & Lardner, Milwaukee, WI; and MWH Law Group LLP, Milwaukee, WI.

F.A.: PFM Financial Advisors LLC, Milwaukee, WI.

Other bidders were:

Wells Fargo Corp, TIC 4.1491%

Baird, TIC 4.1622%

Northland Securities, TIC 4.4946%

Huntington Secs, TIC 4.5487%