CONNECTICUT
Tolland (Town)
Oct 28, 2025 $5,815,000
General Obligation Bond Anticipation Notes (bank qualified) (book entry).
Dated Nov 12, 2025.
Due Nov 11, 2026.
Purchased $5,815,000.00 by Fidelity Capital, at 4.0%, plus $79,025.85, effective rate 2.6372%.
L.O.: Updike, Kelly & Spellacy, P.C., Hartford, CT.
F.A.: Phoenix Advisors, LLC, Milford, CT.
Other bidders were:
Jefferies, Effective Rate 2.6409%
Hilltop Securities, Effective Rate 2.6479%
Janney Montgomery, Effective Rate 2.6577%
TD Financial, Effective Rate 2.661%
Oppenheimer, Effective Rate 2.6763%
FLORIDA
Florida Department of Transportation
Oct 28, 2025 $240,970,000
Turnpike Revenue Bonds Series 2025D (book entry).
Dated Nov 18, 2025.
Due Jul 1, 2026 to 2055.
Callable Jul 1, 2035 at par.
Winning bid: BofA Securities, at 103.7110, TIC 4.1071%.
L.O.: Greenberg Traurig, P.A., Miami, FL.
F.A.: Division of Bond Finance, Tallahassee, FL.
Other bidders were:
Truist Secs, Inc., TIC 4.129%
RBC Capital Mkts, TIC 4.1401%
Morgan Stanley, TIC 4.1469%
Jefferies, TIC 4.1506%
Wells Fargo Corp, TIC 4.157%
JPMorgan, TIC 4.2213%
ILLINOIS
Lombard Park District
Oct 28, 2025 $1,049,285
General Obligation Limited Tax Park Bonds, Series 2025 (bank qualified).
Dated Nov 19, 2025.
Due Nov 1, 2026.
Purchased $1,049,285.00 by Time Bank, at 2.99%, effective rate 2.99%.
L.O.: Chapman and Cutler LLP, Chicago, IL.
F.A.: Speer Financial, Inc., Chicago, IL.
Other bidders were:
Republic Bank, Effective Rate 3.16%
First Secure Comm Bk, Effective Rate 3.67%
Peoples Natl Bk, Effective Rate 3.93%
MASSACHUSETTS
Brewster (Town)
Oct 23, 2025 $538,600
Bond Anticipation Notes (bank qualified).
Dated Nov 5, 2025.
Due Nov 5, 2026.
Purchased $538,600.00 by Oppenheimer, at 3.75%, plus $300.00, effective rate 3.694%.
F.A.: UniBank Fiscal Advisory Services, Inc., Whitinsville, MA.
Other bidders were:
UniBank Fiscal Adv, Effective Rate 4.1%
Cape Cod 5 Cents Svg, Effective Rate 4.35%
Great Barrington (Town)
Oct 28, 2025 $5,110,000
General Obligation Municipal Purpose Loan of 2025 Bonds (bank qualified) (book entry).
Dated Nov 20, 2025.
Due Nov 15, 2026 to 2040.
Callable Nov 15, 2034 at par.
Winning bid: Loop Capital, at 110.9344, TIC 2.8367%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Roosevelt & Cross, TIC 2.8601%
Baird, TIC 2.8647%
StoneX Fin Inc., TIC 2.8652%
Huntington Secs, TIC 2.8778%
Piper Sandler, TIC 2.8833%
Brownstone Inv Grp, TIC 2.9218%
Bancroft Capital, TIC 2.9435%
Littleton (Town)
Oct 28, 2025 $11,125,000
General Obligation Senior Center Bonds (book entry).
Dated Nov 12, 2025.
Due Nov 1, 2026 to 2045.
Callable Nov 1, 2033 at par.
Winning bid: Huntington Secs, at 108.3408, TIC 3.293%.
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:
StoneX Fin Inc., TIC 3.2998%
Fidelity Capital, TIC 3.335%
FHN Fin Cap Mkts, TIC 3.345%
Mesirow Financial, TIC 3.3542%
Baird, TIC 3.3854%
Hilltop Securities, TIC 3.4039%
Stoughton (Town)
Oct 28, 2025 $400,000
General Obligation Bond Anticipation Notes (book entry).
Dated Nov 21, 2025.
Due Nov 20, 2026.
Purchased $400,000.00 by Oppenheimer, at 3.75%, plus $50.00, effective rate 3.7375%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Piper Sandler, Effective Rate 3.988%
MINNESOTA
Dilworth-Glyndon-Felton Independent School District No. 2164
Oct 27, 2025 $12,005,000
General Obligation School Building Refunding Bonds, Series 2025A (Minnesota School District Credit Enhancement Program) (book entry).
Dated Nov 20, 2025.
Due Feb 1, 2027 to 2034.
Non-callable.
Winning bid: Jefferies, at 110.2248, TIC 2.7315%.
L.O.: Kennedy & Graven, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; Ehlers, Waukesha, WI; and Ehlers, Minneapolis, MN.
Other bidders were:
Huntington Secs, TIC 2.733%
Hilltop Securities, TIC 2.7532%
TD Financial, TIC 2.7773%
Baird, TIC 2.7819%
Piper Sandler, TIC 2.7909%
UBS Financial Svcs, TIC 2.8481%
KeyBanc Cap Mkts, TIC 2.8864%
Eastern Carver County Independent School District No. 112
Oct 27, 2025 $37,245,000
General Obligation School Building Refunding Bonds, Series 2025B (Minnesota School District Credit Enhancement Program) (book entry).
Dated Nov 20, 2025.
Due Feb 1, 2027 to 2034.
Non-callable.
Winning bid: TD Financial, at 111.2429, TIC 2.5946%.
L.O.: Dorsey & Whitney, Minneapolis, MN.
F.A.: Ehlers, Waukesha, WI; and Ehlers, Minneapolis, MN.
Other bidders were:
JPMorgan, TIC 2.6084%
Wells Fargo Corp, TIC 2.62%
UBS Financial Svcs, TIC 2.6273%
PNC Capital Markets, TIC 2.6292%
Baird, TIC 2.6343%
Piper Sandler, TIC 2.6381%
Mesirow Financial, TIC 2.6622%
Hilltop Securities, TIC 2.6966%
FHN Fin Cap Mkts, TIC 2.7186%
Jefferies, TIC 2.7455%
NEW HAMPSHIRE
Manchester (City)
Oct 28, 2025 $78,425,000
General Obligation Bond Anticipation Notes, 2025 Series 1 (book entry).
Dated Nov 13, 2025.
Due Nov 12, 2026.
Purchased $78,425,000.00 by JPMorgan, at 4.0%, plus $1,123,046.00, effective rate 2.564%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: PFM Financial Advisors LLC, Boston, MA.
Other bidders were:
TD Financial, Effective Rate 2.6242%
Truist Secs, Inc., Effective Rate 2.6336%
Wells Fargo Corp, Effective Rate 2.6352%
Academy Secs, Effective Rate 2.6422%
BofA Securities, Effective Rate 2.6462%
Jefferies, Effective Rate 2.6523%
Oppenheimer, Effective Rate 2.8017%
Raymond James, Effective Rate 3.3131%
NEW JERSEY
Watchung Borough
Oct 28, 2025 $5,379,000
Bond Anticipation Notes (bank qualified) (book entry).
Dated Nov 12, 2025.
Due Nov 10, 2026.
Purchased $5,379,000.00 by Oppenheimer, at 4.0%, plus $65,731.38, effective rate 2.7712%.
L.O.: Archer & Greiner P.C., Red Bank, NJ.
F.A.: Phoenix Advisors, Hamilton, NJ.
Other bidders were:
Hilltop Securities, Effective Rate 2.7887%
TD Financial, Effective Rate 2.7947%
Janney Montgomery, Effective Rate 2.7989%
Jefferies, Effective Rate 2.8345%
Westfield (Town)
Oct 28, 2025 $12,146,000
General Obligations Bond Anticipation Notes.
Dated Nov 7, 2025.
Due Nov 6, 2026.
Purchased $12,146,000.00 by BNY Mellon Cap Mkts, at 4.0%, plus $110,761.80, effective rate 3.0855%.
L.O.: Rogut McCarthy LLC, Cranford, NJ.
F.A.: Municipal Official(s).
Other bidders were:
Piper Sandler, Effective Rate 3.1467%
NEW YORK
Holley Village
Oct 28, 2025 $325,000
Bond Anticipation Notes, 2025 (bank qualified).
Dated Nov 12, 2025.
Due Nov 10, 2026.
Purchased $325,000.00 by Roosevelt & Cross, at 4.0%, plus $864.00, effective rate 3.7326%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
Bank of Greene Co, Effective Rate 3.92%
Oppenheimer, Effective Rate 4.4845%
Penfield (Town)
Oct 28, 2025 $21,600,000
General Obligation Public Improvement (Serial) Bonds, 2025 (book entry).
Dated Nov 18, 2025.
Due Dec 15, 2026 to 2045.
Callable Dec 15, 2033 at par.
Winning bid: Mesirow Financial, at 105.2867, NIC 3.5554%.
L.O.: Timothy R. McGill, Esq., Fairport, NY.
F.A.: Bernard P. Donegan, Inc., Fairport, NY.
Other bidders were:
Roosevelt & Cross, NIC 3.5744%
Baker Group, NIC 3.5869%
Baird, NIC 3.6018%
UBS Financial Svcs, NIC 3.6111%
Hilltop Securities, NIC 3.6395%
RBC Capital Mkts, NIC 3.6529%
Raymond James, NIC 3.6537%
PENNSYLVANIA
Pennsylvania Higher Educational Facilities Authority
Oct 28, 2025 $67,295,000
State System of Higher Education Revenue Bonds, Series BA (Commonwealth of Pennsylvania) (book entry).
Dated Nov 12, 2025.
Due Jun 15, 2026 to 2055.
Callable Jun 15, 2035 at par.
Winning bid: Jefferies, at 102.6281, TIC 4.1029%.
L.O.: Ahmad Zaffarese LLC, Philadelphia, PA.
F.A.: Janney Montgomery Scott LLC, Philadelphia, PA.
Other bidders were:
BofA Securities, TIC 4.1337%
TD Financial, TIC 4.16%
Wells Fargo Corp, TIC 4.167%
Morgan Stanley, TIC 4.1938%
Baird, TIC 4.1948%
Mesirow Financial, TIC 4.2151%
JPMorgan, TIC 4.2446%
Truist Secs, Inc., TIC 4.2836%
TENNESSEE
Williamson County
Oct 28, 2025 $29,915,000
County District School Bonds, Series 2025 (book entry).
Dated Nov 18, 2025.
Due Apr 1, 2028 to 2046.
Callable Apr 1, 2035 at par.
Winning bid: Wells Fargo Corp, at 108.4407, TIC 3.5908%.
L.O.: Bass, Berry & Sims PLC, Nashville, TN.
F.A.: Stephens Inc., Nashville, TN.
Other bidders were:
KeyBanc Cap Mkts, TIC 3.6142%
TD Financial, TIC 3.6244%
Baird, TIC 3.647%
StoneX Fin Inc., TIC 3.658%
Huntington Secs, TIC 3.6583%
Raymond James, TIC 3.6622%
RBC Capital Mkts, TIC 3.6624%
Williamson County
Oct 28, 2025 $30,560,000
General Obligation Public Improvement and School Bonds, Series 2025 (book entry).
Dated Nov 18, 2025.
Due Apr 1, 2028 to 2046.
Callable Apr 1, 2035 at par.
Winning bid: Wells Fargo Corp, at 108.5406, TIC 3.5805%.
L.O.: Bass, Berry & Sims PLC, Nashville, TN.
F.A.: Stephens Inc., Nashville, TN.
Other bidders were:
RBC Capital Mkts, TIC 3.646%
BofA Securities, TIC 3.6529%
Piper Sandler, TIC 3.6534%
Hilltop Securities, TIC 3.6537%
Truist Secs, Inc., TIC 3.659%
Mesirow Financial, TIC 3.6598%
JPMorgan, TIC 3.6624%
TD Financial, TIC 3.6661%
FHN Fin Cap Mkts, TIC 3.6714%
StoneX Fin Inc., TIC 3.6752%
KeyBanc Cap Mkts, TIC 3.6835%
Raymond James, TIC 3.6853%
Baird, TIC 3.7075%
UMB Bank, TIC 3.7208%
TEXAS
Charleston Municipal Utility District
Oct 28, 2025 $5,000,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Nov 1, 2025.
Due May 1, 2028 to 2051.
Callable May 1, 2032 at par.
Winning bid: Baird, at 97.0000, NIC 4.6084%.
Other managers: CL King & Associates, Midland Securities Ltd, Oppenheimer & Co., Inc., 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..
L.O.: Schwartz, Page & Harding, Houston, TX; and State Attorney General.
F.A.: Masterson Advisors LLC, Houston, TX.
Other bidders were:
Fidelity Capital, NIC 4.6199%
Crews & Associates, NIC 4.6257%
SAMCO Cap Mkts, NIC 4.6372%
RBC Capital Mkts, NIC 4.6584%
Hilltop Securities, NIC 4.7045%
Raymond James, NIC 4.7735%
Denton County Fresh Water Supply District No. 8-A
Oct 28, 2025 $5,090,000
Unlimited Tax Road Bonds, Series 2025 (bank qualified) (book entry).
Dated Nov 1, 2025.
Due Sep 1, 2027 to 2050.
Callable Nov 1, 2031 at par.
Winning bid: Northland Securities, at 97.0000, NIC 4.4382%.
Other managers: Celadon Financial Group, LLC, Edward Jones, CL King & Associates.
L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.
F.A.: Baird, Irving, TX.
Other bidders were:
Fidelity Capital, NIC 4.4867%
Stifel Nicolaus, NIC 4.4929%
SAMCO Cap Mkts, NIC 4.4995%
Hilltop Securities, NIC 4.5111%
Crews & Associates, NIC 4.5412%
RBC Capital Mkts, NIC 4.5813%
Fort Bend County Municipal Utility District No. 253
Oct 28, 2025 $8,100,000
Unlimited Tax Road Bonds, Series 2025 (book entry).
Dated Nov 1, 2025.
Due Sep 1, 2027 to 2050.
Callable Sep 1, 2030 at par.
Winning bid: SAMCO Cap Mkts, at 97.0039, NIC 4.7853%.
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.: Baird, Houston, TX.
Other bidders were:
Northland Securities, NIC 4.7882%
Crews & Associates, NIC 4.8219%
RBC Capital Mkts, NIC 4.8697%
Hilltop Securities, NIC 4.892%
Galveston County Municipal Utility District No. 73
Oct 28, 2025 $5,000,000
Unlimited Tax Road Bonds, Series 2025 (book entry).
Dated Nov 25, 2025.
Due Sep 1, 2027 to 2051.
Callable Sep 1, 2030 at par.
Winning bid: SAMCO Cap Mkts, at 97.0080, NIC 4.7672%.
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.: RBC Capital Markets, Houston, TX.
Other bidders were:
Baird, NIC 4.8252%
Crews & Associates, NIC 4.8259%
Hilltop Securities, NIC 4.8822%
Mayde Creek Municipal Utility District
Oct 27, 2025 $5,555,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Dec 1, 2025.
Due Aug 1, 2031 to 2054.
Callable Aug 1, 2030 at par.
Winning bid: Baker Group, at 97.0814, NIC 4.3365%.
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: Rathmann & Associates, L.P., Houston, TX.
Other bidders were:
Baird, NIC 4.3591%
Raymond James, NIC 4.3787%
Stifel Nicolaus, NIC 4.4574%
Hilltop Securities, NIC 4.4584%
SWBC Investment Svcs, NIC 4.5271%
SAMCO Cap Mkts, NIC 4.5531%
Fidelity Capital, NIC 4.5869%
Montgomery County Municipal Utility District No. 138
Oct 28, 2025 $15,470,000
Unlimited Tax Bonds, Series 2025 (book entry).
Dated Dec 1, 2025.
Due Mar 1, 2027 to 2050.
Callable Mar 1, 2032 at par.
Winning bid: SAMCO Cap Mkts, at 97.0032, NIC 4.4319%.
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.: Masterson Advisors LLC, Houston, TX.
Other bidders were:
Baird, NIC 4.4718%
Crews & Associates, NIC 4.4929%
Hilltop Securities, NIC 4.5305%
Raymond James, NIC 4.5919%
Trenton Independent School District
Oct 28, 2025 $6,980,000
Unlimited Tax School Building Bonds, Series 2025 (The Permanent School Fund Guarantee Program) (bank qualified) (book entry).
Dated Nov 1, 2025.
Due Feb 1, 2026 to 2053.
Callable Feb 1, 2035 at par.
Winning bid: Raymond James, at 101.9227, TIC 4.2441%.
L.O.: McCall Parkhurst & Horton, San Antonio, TX; and State Attorney General.
F.A.: SAMCO Capital Markets, Plano, TX.
Other bidders were:
Baird, TIC 4.2606%
BOK Fin Secs, TIC 4.2948%
Hilltop Securities, TIC 4.3677%
Bancroft Capital, TIC 4.4995%
VIRGINIA
Virginia Resources Authority
Oct 28, 2025 $22,835,000
Infrastructure Revenue Bonds (Virginia Pooled Financing Program), Series 2025C (book entry).
Dated Nov 18, 2025.
Due Nov 1, 2026 to 2050.
Callable Nov 1, 2035 at par.
Winning bid: Huntington Secs, at 109.0806, TIC 3.5187%.
L.O.: McGuireWoods LLP, Richmond, VA.
F.A.: Davenport & Company LLC, Richmond, VA.
Other bidders were:
UBS Financial Svcs, TIC 3.5591%
Baird, TIC 3.5641%
Crews & Associates, TIC 3.5706%
Jefferies, TIC 3.5815%
JPMorgan, TIC 3.5931%
Hilltop Securities, TIC 3.5997%
Raymond James, TIC 3.601%
Truist Secs, Inc., TIC 3.6038%
KeyBanc Cap Mkts, TIC 3.6056%
Wells Fargo Corp, TIC 3.607%
Loop Capital, TIC 3.6165%
Mesirow Financial, TIC 3.6267%
WASHINGTON
Washington
Oct 28, 2025 $37,255,000
Certificates of Participation, Series 2025C (State and Local Agency Real and Personal Property) (book entry).
Dated Nov 18, 2025.
Due Jan 1, 2027 to 2046.
Callable Jan 1, 2036 at par.
Winning bid: Wells Fargo Corp, at 110.5480, TIC 3.519%.
L.O.: Foster Garvey, Seattle, WA.
F.A.: Piper Sandler & Co, Seattle, WA.
Other bidders were:
Morgan Stanley, TIC 3.5701%
JPMorgan, TIC 3.5774%
Jefferies, TIC 3.5851%
KeyBanc Cap Mkts, TIC 3.5994%
Mesirow Financial, TIC 3.6104%
Truist Secs, Inc., TIC 3.6254%
TD Financial, TIC 3.6276%
Huntington Secs, TIC 3.6298%
Hilltop Securities, TIC 3.641%
Baird, TIC 3.6955%
WISCONSIN
Milwaukee Area Technical College District
Oct 28, 2025 $1,500,000
General Obligation Promissory Notes, Series 2025-26E (book entry).
Dated Nov 13, 2025.
Due Jun 1, 2027 to 2030.
Non-callable.
Winning bid: Huntington Secs, at 103.1855, TIC 2.8234%.
L.O.: Michael, Best & Friedrich, Milwaukee, WI.
F.A.: Baird, Milwaukee, WI.
Other bidders were:
Brownstone Inv Grp, TIC 2.8333%
Loop Capital, TIC 2.8667%
TD Financial, TIC 2.8722%
FHN Fin Cap Mkts, TIC 3.1025%
Platteville (City)
Oct 28, 2025 $8,125,000
General Obligation Promissory Notes, Series 2025A (book entry).
Dated Nov 13, 2025.
Due Mar 1, 2027 to 2045.
Callable Mar 1, 2034 at par.
Winning bid: Baird, at 105.7922, TIC 3.8208%.
Other managers: CL King & Associates, Edward Jones, Colliers Securities LLC, Crews & Associates, Inc., Isaak Bond Investments, Inc., Northland Securities, Inc., Bernardi Securities, Inc., Oppenheimer & Co., Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, Midland Securities Ltd, BOK Financial Securities, Celadon Financial Group, LLC, FMSbonds, Inc., 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., ZIONS BANK division of ZB, N.A..
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: Ehlers, Waukesha, WI; and Ehlers, Minneapolis, MN.
Other bidders were:
UMB Bank, TIC 3.8227%
KeyBanc Cap Mkts, TIC 3.8486%
TD Financial, TIC 3.8577%
Fidelity Capital, TIC 3.9395%
Racine County
Oct 28, 2025 $7,500,000
General Obligation Promissory Notes, Series 2025C (book entry).
Dated Nov 19, 2025.
Due Mar 1, 2026 to 2045.
Callable Mar 1, 2035 at par.
Winning bid: Hilltop Securities, at 102.0000, TIC 3.7745%.
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: PFM Financial Advisors LLC, Milwaukee, WI.
Other bidders were:
Piper Sandler, TIC 3.7812%
TD Financial, TIC 3.8443%
Fidelity Capital, TIC 3.8517%
Baird, TIC 3.8802%
Racine County
Oct 28, 2025 $23,510,000
General Obligation Promissory Notes, Series 2025B (book entry).
Dated Nov 19, 2025.
Due Mar 1, 2026 to 2045.
Callable Mar 1, 2035 at par.
Winning bid: Piper Sandler, at 102.0000, TIC 3.7576%.
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: PFM Financial Advisors LLC, Milwaukee, WI.
Other bidders were:
Hilltop Securities, TIC 3.7738%
TRB Cap Mkts, TIC 3.7739%
Huntington Secs, TIC 3.7747%
Baird, TIC 3.7997%
TD Financial, TIC 3.8168%
Fidelity Capital, TIC 3.8177%
UBS Financial Svcs, TIC 3.8186%
KeyBanc Cap Mkts, TIC 3.8575%
TAXABLE ISSUES
MINNESOTA
Iron Range Resources and Rehabilitation Department
Oct 28, 2025 $2,255,000
Taxable Revenue Bonds, Series 2025B (book entry).
Dated Nov 25, 2025.
Due Oct 1, 2026 to 2028.
Non-callable.
Winning bid: Northland Securities, at 99.5345, TIC 3.9928%.
L.O.: Kutak Rock, Minneapolis, MN.
F.A.: PFM Financial Advisors LLC, Minneapolis, MN.
Other bidders were:
Baird, TIC 4.1198%
WISCONSIN
Eau Claire (City)
Oct 28, 2025 $6,620,000
Taxable General Obligation Promissory Notes, Series 2025B (book entry).
Dated Nov 25, 2025.
Due Apr 1, 2026 to 2035.
Callable Apr 1, 2032 at par.
Winning bid: BOK Fin Secs, at 102.0877, TIC 4.0171%.
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: Ehlers, Waukesha, WI; and Ehlers, Minneapolis, MN.
Other bidders were:
Baird, TIC 4.0745%
Piper Sandler, TIC 4.1103%
Northland Securities, TIC 4.1269%
Stifel Nicolaus, TIC 4.2256%