ARIZONA
Pima County
Oct 7, 2025 $45,815,000
Sewer System Revenue Obligations, Series 2025 (book entry).
Dated Oct 23, 2025.
Due Jul 1, 2027 to 2036.
Non-callable.
Winning bid: JPMorgan, at 109.8049, TIC 2.6585%.
In association with: Academy Securities Inc..
In association with: Rice Financial Products Company, Stern Brothers & Co..
L.O.: Squire Patton Boggs (US) LLP, Phoenix, AZ.
F.A.: RBC Capital Markets, Phoenix, AZ.
Other bidders were:
Huntington Secs, TIC 2.6606%
Piper Sandler, TIC 2.6637%
Janney Montgomery, TIC 2.6648%
Fifth Third Secs, TIC 2.6673%
Cabrera Cap Mkts, TIC 2.6675%
Hilltop Securities, TIC 2.6683%
Fidelity Capital, TIC 2.6698%
Truist Secs, Inc., TIC 2.6715%
Stifel Nicolaus, TIC 2.672%
TRB Cap Mkts, TIC 2.6722%
StoneX Fin Inc., TIC 2.6726%
Morgan Stanley, TIC 2.674%
BofA Securities, TIC 2.6769%
Baird, TIC 2.6769%
Jefferies, TIC 2.6787%
Mesirow Financial, TIC 2.6819%
Wells Fargo Corp, TIC 2.692%
TD Financial, TIC 2.6998%
KeyBanc Cap Mkts, TIC 2.7446%
CONNECTICUT
Connecticut Regional School District No. 13
Oct 8, 2025 $20,000,000
General Obligation Bond Anticipation Notes (book entry).
Dated Oct 22, 2025.
Due Oct 21, 2026.
Purchased $20,000,000.00 by Truist Secs, Inc., at 3.5%, plus $182,600.00, effective rate 2.5845%.
L.O.: Shipman & Goodwin, Hartford, CT.
F.A.: Munistat Services, Inc., Madison, CT.
Other bidders were:
Fidelity Capital, Effective Rate 2.6372%
Jefferies, Effective Rate 2.6603%
Oppenheimer, Effective Rate 2.6613%
TD Financial, Effective Rate 2.6864%
INDIANA
Fort Wayne (City)
Oct 8, 2025 $18,000,000
Storm Water District Revenue Bonds of 2025 (book entry).
Dated Oct 22, 2025.
Due Aug 1, 2033 to 2046.
Callable Feb 1, 2034 at par.
Winning bid: Huntington Secs, at 104.1906, TIC 4.0278%.
L.O.: Ice Miller, Indianapolis, IN.
F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.
Other bidders were:
Baird, TIC 4.0364%
TD Financial, TIC 4.0469%
KeyBanc Cap Mkts, TIC 4.0518%
Fidelity Capital, TIC 4.0597%
StoneX Fin Inc., TIC 4.0962%
Mesirow Financial, TIC 4.12%
UMB Bank, TIC 4.1247%
Knox Middle School Building Corporation
Oct 8, 2025 $5,900,000
Ad Valorem Property Tax First Mortgage Bonds, Series 2025 (Indiana State Intercept Program) (bank qualified) (book entry).
Dated Oct 29, 2025.
Due Jul 15, 2026 to Jan 15, 2036.
Non-callable.
Winning bid: Baird, at 111.4381, TIC 3.0706%.
Other managers: CL King & Associates, Fidelity Capital Markets, Crews & Associates, Inc., Oppenheimer & Co., Inc., Northland Securities, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, Bernardi Securities, Inc., Celadon Financial Group, LLC, FMSbonds, Inc., Midland Securities Ltd, First Southern LLC, Dinosaur Securities, Blaylock Van, LLC, First Bankers' Banc Securities Inc., Mountainside Securities LLC, A.G.P./Alliance Global Partners, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Ice Miller, Indianapolis, IN.
F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.
Other bidders were:
StoneX Fin Inc., TIC 3.0949%
Brownstone Inv Grp, TIC 3.1046%
BOK Fin Secs, TIC 3.1315%
TD Financial, TIC 3.1779%
KANSAS
Bel Aire (City)
Oct 7, 2025 $10,540,000
General Obligation Temporary Notes, Series 2025B (book entry).
Dated Oct 28, 2025.
Due Dec 1, 2028.
Callable Dec 1, 2027 at par.
Winning bid: Piper Sandler, at n/a, TIC 3.0586%.
L.O.: Gilmore & Bell, Wichita, KS.
F.A.: Columbia Capital Management, LLC, Merriam, KS.
Other bidders were:
Baird, TIC 3.2421%
KeyBanc Cap Mkts, TIC 3.3702%
Oppenheimer, TIC 3.5488%
Olathe (City)
Oct 7, 2025 $1,000,000
Storm Water System Revenue Bonds, Series 2025 (book entry).
Dated Oct 29, 2025.
Due Oct 1, 2026 to 2045.
Callable Oct 1, 2033 at par.
Winning bid: TD Financial, at n/a, TIC 4.0709%.
L.O.: Gilmore & Bell, P.C., Kansas City, MO.
F.A.: Columbia Capital Management, LLC, Merriam, KS.
Other bidders were:
Baird, TIC 4.1136%
Brownstone Inv Grp, TIC 4.252%
Olathe (City)
Oct 7, 2025 $37,815,000
Water and Sewer System Improvement Revenue Bonds, Series 2025 (book entry).
Dated Oct 29, 2025.
Due Jul 1, 2026 to 2045.
Callable Jul 1, 2033 at par.
Winning bid: Mesirow Financial, at n/a, TIC 3.8214%.
L.O.: Gilmore & Bell, P.C., Kansas City, MO.
F.A.: Columbia Capital Management, LLC, Merriam, KS.
Other bidders were:
TD Financial, TIC 3.8285%
UBS Financial Svcs, TIC 3.8332%
Janney Montgomery, TIC 3.8408%
Piper Sandler, TIC 3.8418%
Baird, TIC 3.8514%
KeyBanc Cap Mkts, TIC 3.8612%
JPMorgan, TIC 3.8624%
Hilltop Securities, TIC 3.8691%
Morgan Stanley, TIC 3.8846%
Huntington Secs, TIC 3.929%
MARYLAND
Maryland Department of Transportation
Oct 8, 2025 $345,000,000
Consolidated Transportation Bonds, Series 2025 B (book entry).
Dated Oct 21, 2025.
Due Oct 1, 2028 to 2040.
Callable Oct 1, 2033 at par.
Winning bid: Morgan Stanley, at 110.3177, TIC 3.4253%.
Other managers: Raymond James & Associates, Inc., Fidelity Capital Markets, FHN Financial Capital Markets, Advisors Asset Management Inc, American Veterans Group, R. Seelaus & Co., Inc., SumRidge Partners, LLC, Ramirez & Co., Inc., Siebert Williams Shank & Co., L.L.C, Loop Capital Markets, LLC, Cabrera Capital Markets, LLC.
L.O.: McKennon Shelton & Henn LLP, Baltimore, MD.
F.A.: Davenport & Company LLC, Towson, MD.
Other bidders were:
BofA Securities, TIC 3.4542%
JPMorgan, TIC 3.4744%
Wells Fargo Corp, TIC 3.477%
Jefferies, TIC 3.5354%
MASSACHUSETTS
Holyoke (City)
Oct 8, 2025 $30,500,000
General Obligation Bond Anticipation Notes (book entry).
Dated Oct 24, 2025.
Due Oct 23, 2026.
Purchased $30,500,000.00 by Jefferies, at 4.0%, plus $398,025.00, effective rate 2.6914%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Oppenheimer, Effective Rate 2.7766%
Fidelity Capital, Effective Rate 2.8368%
Randolph (Town)
Oct 8, 2025 $32,065,000
General Obligation Municipal Purpose Loan of 2025 Bonds (book entry).
Dated Oct 23, 2025.
Due Oct 15, 2026 to 2045.
Callable Oct 15, 2034 at par.
Winning bid: FHN Fin Cap Mkts, at 108.6155, TIC 3.3719%.
Other managers: Roosevelt & Cross, Inc., Stifel, Nicolaus & Co., Inc., Intercoastal Capital Markets, Inc., R. Seelaus & Co., Inc., CINCaP Investment Group, TRB Capital Markets, LLC.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Janney Montgomery, TIC 3.3856%
Baird, TIC 3.4018%
Jefferies, TIC 3.4491%
Wells Fargo Corp, TIC 3.4509%
TD Financial, TIC 3.4525%
Fidelity Capital, TIC 3.4882%
MINNESOTA
Kasson (City)
Oct 8, 2025 $3,075,000
General Obligation Water Revenue Bonds, Series 2025A (Minnesota Credit Enhancement Program) (bank qualified) (book entry).
Dated Oct 22, 2025.
Due Feb 1, 2027 to 2046.
Callable Feb 1, 2033 at par.
Winning bid: Baird, at 102.6297, NIC 3.7828%.
Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Fidelity Capital Markets, Crews & Associates, Inc., Bernardi Securities, Inc., The Baker Group, A.G.P./Alliance Global Partners, Cadz Securities Inc,, Celadon Financial Group, LLC, Isaak Bond Investments, Inc., Carty, Harding, & Hearn, Inc., UMB Bank, N.A.., United Banker's Bank, FMSbonds, Inc., Midland Securities Ltd, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, Blaylock Van, LLC, StoneX Financial Inc., Valdes & Moreno, Inc., Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.
F.A.: David Drown Associates, Minneapolis, MN.
Other bidders were:
Raymond James, NIC 3.8245%
BOK Fin Secs, NIC 3.8272%
Northland Securities, NIC 3.8786%
TD Financial, NIC 3.9136%
Brownstone Inv Grp, NIC 3.9267%
Mendota Heights (City)
Oct 7, 2025 $2,620,000
General Obligation Improvement Bonds, Series 2025A (bank qualified) (book entry).
Dated Oct 28, 2025.
Due Feb 1, 2028 to 2037.
Callable Feb 1, 2034 at par.
Winning bid: TD Financial, at 109.4066, TIC 2.9889%.
L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
Northland Securities, TIC 2.9897%
Brownstone Inv Grp, TIC 3.012%
BOK Fin Secs, TIC 3.0407%
Baird, TIC 3.0472%
Raymond James, TIC 3.0605%
Spring Lake Park Independent School District No. 16
Oct 7, 2025 $38,430,000
General Obligation School Building Refunding Bonds,Series 2025A (Minnesota School District Credit Enhancement Program) (book entry).
Dated Nov 10, 2025.
Due Feb 1, 2027 to 2035.
Non-callable.
Winning bid: UBS Financial Svcs, at 113.8413, TIC 2.712%.
L.O.: Kennedy & Graven, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
Janney Montgomery, TIC 2.7135%
Jefferies, TIC 2.714%
Loop Capital, TIC 2.7155%
BofA Securities, TIC 2.7163%
Huntington Secs, TIC 2.717%
Wells Fargo Corp, TIC 2.717%
KeyBanc Cap Mkts, TIC 2.7172%
Piper Sandler, TIC 2.7175%
Truist Secs, Inc., TIC 2.7179%
Hilltop Securities, TIC 2.7189%
Fidelity Capital, TIC 2.7198%
Baird, TIC 2.7239%
NEW JERSEY
Guttenberg (Town)
Oct 8, 2025 $14,449,584
Bond Anticipation Note (book entry).
Dated Oct 15, 2025.
Due Oct 14, 2026.
Purchased $14,449,584.00 by TD Financial, at 3.25%, plus $743,403.89, effective rate 2.74%.
L.O.: McManimon Scotland & Baumann, Roseland, NJ.
F.A.: Municipal Official(s).
Other bidders were:
BNY Mellon Cap Mkts, Effective Rate 2.7566%
Oppenheimer, Effective Rate 3.3772%
Phillipsburg (Town)
Oct 8, 2025 $18,253,000
Bond Anticipation Notes, Series 2025 Consisting of $13,753,000 General Improvement Notes, Series 2025 and $4,500,000 Sewer Utility Notes Series 2025 (book entry).
Dated Oct 23, 2025.
Due Oct 22, 2026.
Purchased $18,253,000.00 by Janney Montgomery, at 3.75%, plus $213,487.08, effective rate 2.5771%.
L.O.: Wilentz, Goldman & Spitzer, Woodbridge, NJ.
F.A.: Phoenix Advisors, Hamilton, NJ.
Other bidders were:
TD Financial, Effective Rate 2.5971%
BNY Mellon Cap Mkts, Effective Rate 2.6049%
Jefferies, Effective Rate 2.6653%
Oppenheimer, Effective Rate 2.6853%
Pohatcong Township
Oct 8, 2025 $3,120,000
Bond Anticipation Notes (bank qualified).
Dated Oct 23, 2025.
Due Jul 17, 2026.
Purchased $3,120,000.00 by Pennsville Natl Bk, at 3.15%, effective rate 3.15%.
L.O.: Gibbons P.C., Newark, NJ.
F.A.: Phoenix Advisors, Hamilton, NJ.
Other bidders were:
Piper Sandler, Effective Rate 3.2859%
Oppenheimer, Effective Rate 3.3739%
NEW YORK
Cambridge Central School District
Oct 7, 2025 $526,224
Bond Anticipation Notes, 2025.
Dated Oct 21, 2025.
Due Oct 21, 2026.
Purchased $526,224.00 by Roosevelt & Cross, at 4.0%, plus $3,505.00, effective rate 3.3339%.
L.O.: Barclay Damon LLP, Albany, NY.
F.A.: Bernard P. Donegan, Inc., Fairport, NY.
Other bidders were:
Oppenheimer, Effective Rate 3.5477%
Bank of Greene Co, Effective Rate 4.09%
Carmel Central School District
Oct 8, 2025 $7,500,000
Bond Anticipation Notes - 2025 (bank qualified).
Dated Oct 16, 2025.
Due Oct 16, 2026.
Purchased $7,500,000.00 by Jefferies, at 3.5%, plus $61,275.00, effective rate 2.683%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Capital Markets Advisors, LLC, Great Neck, NY.
Other bidders were:
BNY Mellon Cap Mkts, Effective Rate 2.739%
Piper Sandler, Effective Rate 2.782%
TD Financial, Effective Rate 2.795%
Oppenheimer, Effective Rate 2.8149%
Fidelity Capital, Effective Rate 2.885%
Bank of Greene Co, Effective Rate 3.49%
Greece Central School District
Oct 7, 2025 $3,757,419
General Obligation Bonds School District (Serial) Bonds, 2025 (bank qualified) (book entry).
Dated Oct 28, 2025.
Due Dec 15, 2025 to 2029.
Non-callable.
Winning bid: Huntington Secs, at 102.7391, NIC 2.4419%.
L.O.: Timothy R. McGill, Esq., Fairport, NY.
F.A.: Bernard P. Donegan, Inc., Fairport, NY.
Other bidders were:
Roosevelt & Cross, NIC 2.478%
StoneX Fin Inc., NIC 2.5006%
Brownstone Inv Grp, NIC 2.5174%
Bancroft Capital, NIC 2.5272%
Raymond James, NIC 2.5295%
Baird, NIC 2.5399%
Greene Village
Oct 8, 2025 $218,400
Bond Anticipation Notes, 2025 (bank qualified).
Dated Oct 28, 2025.
Due Oct 27, 2026.
Purchased $218,400.00 by Bank of Greene Co, at 3.49%, effective rate 3.49%.
L.O.: Harris Beach PLLC, New York, NY.
F.A.: Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
Roosevelt & Cross, Effective Rate 3.5647%
Tioga State Bank, Effective Rate 4.15%
Hoosick Falls Central School District
Oct 8, 2025 $650,000
School District (Serial) Bonds, 2025 (bank qualified).
Dated Oct 23, 2025.
Due Aug 15, 2026 to 2030.
Non-callable.
Winning bid: Roosevelt & Cross, at n/a, NIC 3.6838%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Oppenheimer, NIC 3.7237%
Bank of Greene Co, NIC 3.7928%
Arrow Bank, NIC 4.04%
Lakeland Central School District at Shrub Oak
Oct 8, 2025 $14,500,000
Bond Anticipation Notes For Capital Project - 2025.
Dated Oct 22, 2025.
Due Jun 23, 2026.
Purchased $14,500,000.00 by Jefferies, at 3.5%, plus $80,330.00, effective rate 2.6724%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Bernard P. Donegan, Inc., Fairport, NY.
Other bidders were:
Piper Sandler, Effective Rate 2.7432%
BNY Mellon Cap Mkts, Effective Rate 2.7691%
Oppenheimer, Effective Rate 2.8588%
Pleasantville Village
Oct 7, 2025 $5,640,000
General Obligations Public Improvement (Serial) Bonds, 2025 (bank qualified).
Dated Oct 21, 2025.
Due Oct 15, 2026 to 2040.
Callable Oct 15, 2033 at par.
Winning bid: Hilltop Securities, at n/a, NIC 3.2799%.
L.O.: Bond, Schoeneck & King, PLLC, Syracuse, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Raymond James, NIC 3.283%
Brownstone Inv Grp, NIC 3.2848%
StoneX Fin Inc., NIC 3.2884%
BNY Mellon Cap Mkts, NIC 3.2908%
Huntington Secs, NIC 3.2922%
Baird, NIC 3.2945%
Roosevelt & Cross, NIC 3.3302%
Ridge Road Fire District
Oct 8, 2025 $7,000,000
Bond Anticipation Notes - 2025 (bank qualified).
Dated Oct 22, 2025.
Due Oct 21, 2026.
Purchased $7,000,000.00 by BNY Mellon Cap Mkts, at 4.0%, plus $82,745.60, effective rate 2.8146%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Municipal Solutions, Inc., LeRoy, NY; and Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
Jefferies, Effective Rate 2.82%
Oppenheimer, Effective Rate 3.0576%
Sewanhaka Central High School District
Oct 8, 2025 $8,000,000
Tax Anticipation Notes For 2025 - 2026 Taxes (bank qualified).
Dated Oct 23, 2025.
Due Jun 18, 2026.
Purchased $8,000,000.00 by Piper Sandler, at 3.25%, plus $27,760.00, effective rate 2.7184%.
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:
Jefferies, Effective Rate 2.7371%
Oppenheimer, Effective Rate 2.7775%
TD Financial, Effective Rate 2.7971%
BNY Mellon Cap Mkts, Effective Rate 2.8644%
Southampton (Town)
Oct 8, 2025 $11,265,000
Public Improvement (Serial) Bonds - 2025 (book entry).
Dated Oct 22, 2025.
Due Oct 15, 2026 to 2039.
Callable Oct 15, 2033 at par.
Winning bid: Raymond James, at 109.2680, TIC 2.9847%.
Other managers: Fidelity Capital Markets, Morgan Stanley & Co., Inc., Ramirez & Co., Inc., SumRidge Partners, LLC, Advisors Asset Management Inc, American Veterans Group, Zeus Financial, LLC.
L.O.: Norton Rose Fulbright US LLP, New York, NY.
F.A.: Munistat Services, Inc., Port Jefferson, NY.
Other bidders were:
Brownstone Inv Grp, TIC 2.9851%
Loop Capital, TIC 2.9862%
Piper Sandler, TIC 2.9925%
Cabrera Cap Mkts, TIC 2.9951%
UBS Securities, TIC 2.9969%
Huntington Secs, TIC 2.9986%
Hilltop Securities, TIC 2.9988%
Baker Group, TIC 2.9992%
BNY Mellon Cap Mkts, TIC 3.0032%
Janney Montgomery, TIC 3.0066%
Roosevelt & Cross, TIC 3.02%
StoneX Fin Inc., TIC 3.0244%
SWBC Investment Svcs, TIC 3.0399%
Baird, TIC 3.0476%
TD Financial, TIC 3.049%
OKLAHOMA
Hughes County Independent School District No. 35 (Holdenville)
Oct 7, 2025 $1,225,000
Building Bonds of 2025 (bank qualified) (book entry).
Dated Dec 1, 2025.
Due Dec 1, 2027 to 2028.
Non-callable.
Winning bid: Northland Securities, at n/a, NIC 3.3164%.
In association with: First United Bank.
L.O.: State Attorney General.
F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.
Other bidders were:
BOK Fin Secs, NIC 3.3167%
Baker Group, NIC 3.3637%
Exchange Bank, NIC 4.1%
Legacy Bank, NIC 4.6%
Oklahoma County
Oct 8, 2025 $215,000,000
General Obligation Limited Tax Bonds, Series 2025 (book entry).
Dated Nov 1, 2025.
Due Nov 1, 2028 to 2045.
Callable Nov 1, 2035 at par.
Winning bid: BofA Securities, at 103.9407, TIC 3.6703%.
L.O.: The Public Finance Law Group PLLC, Oklahoma City, OK; Williams, Box, Forshee & Bullard, P.C., Oklahoma City, OK; and State Attorney General.
F.A.: BOK Financial Securities, Oklahoma City, OK.
Other bidders were:
Jefferies, TIC 3.6843%
Morgan Stanley, TIC 3.6908%
Goldman Sachs, TIC 3.7571%
JPMorgan, TIC 3.775%
Wells Fargo Corp, TIC 3.7857%
Baird, TIC 3.8062%
OREGON
Portland (City)
Oct 7, 2025 $35,275,000
Limited Tax Revenue Bonds 2025 Series B (Curb and Street Improvement Projects) (book entry).
Dated Oct 21, 2025.
Due May 1, 2035 to 2040.
Callable May 1, 2035 at par.
Winning bid: JPMorgan, at n/a, TIC 3.5981%.
In association with: Academy Securities Inc..
In association with: Rice Financial Products Company, Stern Brothers & Co..
L.O.: Hawkins, Delafield & Wood, Portland, OR.
F.A.: PFM Financial Advisors LLC, Portland, OR.
Other bidders were:
BofA Securities, TIC 3.5984%
KeyBanc Cap Mkts, TIC 3.6011%
Mesirow Financial, TIC 3.6058%
Loop Capital, TIC 3.6081%
Wells Fargo Corp, TIC 3.6202%
Janney Montgomery, TIC 3.6281%
Huntington Secs, TIC 3.6295%
Baird, TIC 3.6343%
Cabrera Cap Mkts, TIC 3.6443%
Fidelity Capital, TIC 3.6457%
TD Financial, TIC 3.6788%
PENNSYLVANIA
Mechanicsburg Area School District
Oct 7, 2025 $8,870,000
General Obligation Bonds, Series of 2025 (bank qualified) (book entry).
Dated Nov 17, 2025.
Due May 15, 2026 to 2035.
Non-callable.
Winning bid: Janney Montgomery, at n/a, TIC 2.8438%.
L.O.: Saxton & Stump, LLC, Lancaster, PA.
F.A.: PFM Financial Advisors LLC, Harrisburg, PA.
Other bidders were:
PNC Capital Markets, TIC 2.8443%
Brownstone Inv Grp, TIC 2.8575%
Baird, TIC 2.8775%
Hilltop Securities, TIC 2.879%
Piper Sandler, TIC 2.8857%
Bancroft Capital, TIC 2.8867%
TD Financial, TIC 2.8883%
Huntington Secs, TIC 2.9043%
TENNESSEE
Carroll County
Oct 8, 2025 $9,650,000
Electric System Revenue and Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Oct 31, 2025.
Due Jun 1, 2026 to 2045.
Callable Jun 1, 2032 at par.
Winning bid: Raymond James, at 102.8401, TIC 3.7775%.
L.O.: Bass, Berry & Sims PLC, Nashville, TN.
F.A.: Cumberland Securities Co., Inc., Knoxville, TN.
Other bidders were:
Piper Sandler, TIC 3.8214%
FHN Fin Cap Mkts, TIC 3.8223%
Baird, TIC 3.8463%
Stifel Nicolaus, TIC 3.9067%
Hilltop Securities, TIC 3.9138%
TD Financial, TIC 3.9623%
TEXAS
Cedar Port Navigation and Improvement District
Oct 8, 2025 $25,075,000
Unlimited Tax Bonds Series 2025A (book entry).
Dated Nov 1, 2025.
Due Mar 1, 2028 to 2055.
Callable Mar 1, 2031 at par.
Winning bid: Baird, at 97.0000, NIC 4.775%.
Other managers: CL King & Associates, Edward Jones, Davenport & Company LLC, 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., ZIONS BANK division of ZB, N.A., BOK Financial Securities, Crews & Associates, Inc., The Baker Group, D.A. Davidson & Co..
L.O.: Smith, Murdaugh, Little & Bonham, Houston, TX; and State Attorney General.
F.A.: Masterson Advisors LLC, Houston, TX; and Masterson Advisors LLC, Austin, TX.
Other bidders were:
Hilltop Securities, NIC 4.8012%
Wells Fargo Corp, NIC 4.926%
SAMCO Cap Mkts, NIC 4.9708%
Chambers County Municipal Utility District No. 3
Oct 8, 2025 $1,720,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Nov 1, 2025.
Due May 1, 2027 to 2051.
Callable May 1, 2032 at par.
Winning bid: Baird, at 97.0000, NIC 4.8545%.
Other managers: CL King & Associates, Midland Securities Ltd, Multi-Bank Securities Inc., Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, Northland Securities, Inc., First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, Blaylock Van, LLC, Falcon Square Capital, Caldwell Sutter Capital, Inc., Crews & Associates, Inc..
L.O.: Schwartz, Page & Harding, Houston, TX; and State Attorney General.
F.A.: Masterson Advisors LLC, Houston, TX; and Masterson Advisors LLC, Austin, TX.
Other bidders were:
Fidelity Capital, NIC 4.8593%
SWBC Investment Svcs, NIC 4.8764%
SAMCO Cap Mkts, NIC 4.8922%
Raymond James, NIC 4.9317%
Hilltop Securities, NIC 4.932%
Crosswinds Municipal Utility District
Oct 8, 2025 $10,810,000
Unlimited Tax Utility Bonds, Series 2025 (book entry).
Dated Nov 1, 2025.
Due Apr 1, 2028 to 2051.
Callable Apr 1, 2030 at par.
Winning bid: Baird, at 97.0000, NIC 4.6153%.
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, A.G.P./Alliance Global Partners, Falcon Square Capital, Caldwell Sutter Capital, Inc., BOK Financial Securities.
L.O.: Winstead PC, Austin, TX; and State Attorney General.
F.A.: GMS Group, L.L.C., Houston, TX.
Other bidders were:
Raymond James, NIC 4.6533%
Hilltop Securities, NIC 4.6804%
SAMCO Cap Mkts, NIC 4.7027%
Harris County Municipal Utility District No. 433
Oct 8, 2025 $12,460,000
Unlimited Tax Bonds, Series 2025 (book entry).
Dated Nov 1, 2025.
Due Sep 1, 2026 to 2050.
Callable Sep 1, 2031 at par.
Winning bid: Baird, at 97.0000, NIC 4.5164%.
Other managers: CL King & Associates, Edward Jones, Northland Securities, Inc., Oppenheimer & Co., Inc., Bernardi Securities, Inc., Celadon Financial Group, LLC, First Southern LLC, Multi-Bank Securities Inc., Dinosaur Securities, Mountainside Securities LLC, Blaylock Van, LLC, Middlegate Securities, A.G.P./Alliance Global Partners, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., BOK Financial Securities, Crews & Associates, Inc..
L.O.: Norton Rose Fulbright US LLP, Houston, TX; and State Attorney General.
F.A.: Public Finance Group LLC, Austin, TX.
Other bidders were:
Raymond James, NIC 4.586%
SAMCO Cap Mkts, NIC 4.5991%
TD Financial, NIC 4.612%
Hilltop Securities, NIC 4.6515%
Houston (City)
Oct 8, 2025 $121,000,000
Tax and Revenue Notes, Series 2025 (book entry).
Dated Oct 23, 2025.
Due Jun 30, 2026.
Purchased $121,000,000.00 by PNC Capital Markets, at 4.0%, plus $105,700.00, effective rate 2.4404%.
L.O.: Holland & Knight LLP, Houston, TX; Francisco G. Medina, Houston, TX; and State Attorney General.
F.A.: Masterson Advisors LLC, Houston, TX; and Knight & Day Group, LLC,, Houston, TX.
Other bidders were:
Goldman Sachs, Effective Rate 2.4649%
BOK Fin Secs, Effective Rate 2.4679%
Hilltop Securities, Effective Rate 2.4687%
JPMorgan, Effective Rate 2.4694%
JPMorgan, Effective Rate 2.4694%
PNC Capital Markets, Effective Rate 2.47%
Hilltop Securities, Effective Rate 2.4727%
Hilltop Securities, Effective Rate 2.4728%
RBC Capital Mkts, Effective Rate 2.4803%
Hilltop Securities, Effective Rate 2.4919%
Huntington Secs, Effective Rate 2.4988%
PNC Capital Markets, Effective Rate 2.5203%
Huntington Secs, Effective Rate 2.5223%
BofA Securities, Effective Rate 2.5223%
Mesirow Financial, Effective Rate 2.5253%
Loop Capital, Effective Rate 2.5253%
Loop Capital, Effective Rate 2.5253%
Raymond James, Effective Rate 2.5268%
Oppenheimer, Effective Rate 2.5307%
TD Financial, Effective Rate 2.5381%
RBC Capital Mkts, Effective Rate 2.5409%
PNC Capital Markets, Effective Rate 2.5515%
Huntington Secs, Effective Rate 2.5562%
Academy Secs, Effective Rate 2.5604%
PNC Capital Markets, Effective Rate 2.5707%
Huntington Secs, Effective Rate 2.596%
PNC Capital Markets, Effective Rate 2.6019%
Huntington Secs, Effective Rate 2.6181%
Mesirow Financial, Effective Rate 2.6255%
Wells Fargo Corp, Effective Rate 2.6284%
Piper Sandler, Effective Rate 2.6583%
Piper Sandler, Effective Rate 2.6583%
Piper Sandler, Effective Rate 2.6583%
Jefferies, Effective Rate 2.662%
Truist Secs, Inc., Effective Rate 2.6687%
Academy Secs, Effective Rate 2.6747%
Mesirow Financial, Effective Rate 2.6771%
Truist Secs, Inc., Effective Rate 2.6984%
Jefferies, Effective Rate 2.7122%
Raymond James, Effective Rate 2.7214%
Mesirow Financial, Effective Rate 2.731%
Goldman Sachs, Effective Rate 2.7628%
Raymond James, Effective Rate 2.8974%
WISCONSIN
Milwaukee County
Oct 7, 2025 $10,950,000
General Obligation Capital Improvement Promissory Notes, Series 2025A (book entry).
Dated Nov 6, 2025.
Due Oct 1, 2026 to 2035.
Non-callable.
Winning bid: Jefferies, at 102.0000, TIC 3.0611%.
L.O.: Quarles & Brady, Milwaukee, WI; and Emile Banks & Associates, LLC, Milwaukee, WI.
F.A.: PFM Financial Advisors LLC, Milwaukee, WI; and Independent Public Advisors, LLC, Kansas City, MO.
Other bidders were:
Baird, TIC 3.0806%
Wauwatosa (City)
Oct 7, 2025 $26,635,000
General Obligation Promissory Notes, Series 2025A (book entry).
Dated Nov 3, 2025.
Due Nov 1, 2026 to 2045.
Callable Nov 1, 2033 at par.
Winning bid: Hilltop Securities, at 105.2700, TIC 3.6621%.
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: Baird, Milwaukee, WI.
Other bidders were:
Huntington Secs, TIC 3.6687%
FHN Fin Cap Mkts, TIC 3.6691%
Piper Sandler, TIC 3.6785%
Janney Montgomery, TIC 3.7021%
BOK Fin Secs, TIC 3.7459%
TD Financial, TIC 3.7502%
StoneX Fin Inc., TIC 3.7527%
UMB Bank, TIC 3.7818%
KeyBanc Cap Mkts, TIC 3.8149%
Northland Securities, TIC 3.8298%
TAXABLE ISSUES
MASSACHUSETTS
Norwood (Town)
Oct 8, 2025 $4,450,000
General Obligation Electric Light Plant Bonds (Subject to Federal and Massachusetts Income Taxation) (book entry).
Dated Oct 29, 2025.
Due Oct 15, 2026 to 2034.
Non-callable.
Winning bid: Baird, at 102.8118, TIC 4.3473%.
Other managers: CL King & Associates, Colliers Securities LLC, Crews & Associates, Inc., Northland Securities, Inc., Oppenheimer & Co., Inc., Cadz Securities Inc,, First Bankers' Banc Securities Inc., Bernardi Securities, Inc., Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, First Southern LLC, Midland Securities Ltd, Multi-Bank Securities Inc., Dinosaur Securities, Mountainside Securities LLC, StoneX Financial Inc., Valdes & Moreno, Inc., Blaylock Van, LLC, Carty, Harding, & Hearn, Inc., Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Swampscott (Town)
Oct 8, 2025 $6,966,964
General Obligation Bond Anticipation Notes (Interest Subject to Federal and Massachusetts Taxation) (book entry).
Dated Oct 22, 2025.
Due Oct 22, 2026.
Purchased $6,966,964.00 by Hilltop Securities, at 4.35%, plus $29,377.59, effective rate 3.9283%.
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:
Piper Sandler, Effective Rate 4.038%
OREGON
Portland (City)
Oct 7, 2025 $40,195,000
Limited Tax Revenue Bonds 2025 Series A (Curb and Street Improvement Projects) (Federally Taxable) (book entry).
Dated Oct 21, 2025.
Due May 1, 2026 to 2034.
Non-callable.
Winning bid: Fifth Third Secs, at 99.7593, TIC 4.0847%.
L.O.: Hawkins, Delafield & Wood, Portland, OR.
F.A.: PFM Financial Advisors LLC, Portland, OR.
Other bidders were:
JPMorgan, TIC 4.1596%
Wells Fargo Corp, TIC 4.195%
UBS Financial Svcs, TIC 4.1974%
Piper Sandler, TIC 4.2213%
Raymond James, TIC 4.2474%
Baird, TIC 4.2681%
Morgan Stanley, TIC 4.3431%
FHN Fin Cap Mkts, TIC 4.4945%