CONNECTICUT
Washington (Town)
Nov 19, 2025 $4,500,000
General Obligation Bonds, Issue of 2025 (bank qualified) (book entry).
Dated Dec 2, 2025.
Due Dec 1, 2026 to 2040.
Callable Dec 1, 2032 at par.
Winning bid: StoneX Fin Inc., at 108.6965, TIC 2.9821%.
L.O.: Shipman & Goodwin, Hartford, CT.
F.A.: Phoenix Advisors, LLC, Milford, CT.
Other bidders were:
Brownstone Inv Grp, TIC 3.0045%
Huntington Secs, TIC 3.061%
Roosevelt & Cross, TIC 3.07%
Baird, TIC 3.1016%
Fidelity Capital, TIC 3.2093%
ILLINOIS
Channahon Park District
Nov 20, 2025 $941,240
General Obligation Limited Tax Park Bonds, Series 2025B (bank qualified).
Dated Dec 8, 2025.
Due Nov 15, 2026.
Non-callable.
Winning bid: Time Bank, at n/a, NIC 3.06%.
L.O.: Chapman and Cutler LLP, Chicago, IL.
F.A.: Speer Financial, Inc., Chicago, IL.
Other bidders were:
First Secure Comm Bk, NIC 3.47%
Peoples Natl Bk, NIC 3.73%
American Veterans, NIC 4.95%
Sycamore Park District
Nov 20, 2025 $738,410
General Obligation Limited Tax Park Bonds, Series 2025 (bank qualified).
Dated Dec 10, 2025.
Due Dec 15, 2026.
Non-callable.
Winning bid: Time Bank, at n/a, NIC 3.08%.
L.O.: Chapman and Cutler LLP, Chicago, IL.
F.A.: Speer Financial, Inc., Chicago, IL.
Other bidders were:
Peoples Natl Bk, NIC 3.43%
First Secure Comm Bk, NIC 3.47%
Resource Bk, N.A., NIC 4.5%
INDIANA
Hanover Community School Corporation
Nov 20, 2025 $2,875,000
General Obligation Bonds of 2025 (Indiana State Aid Intercept Program) (bank qualified) (book entry).
Dated Dec 10, 2025.
Due Jul 15, 2026 to Jan 15, 2027.
Non-callable.
Winning bid: Baird, at 100.0643, NIC 3.9246%.
Other managers: CL King & Associates, Colliers Securities LLC, Crews & Associates, Inc., Northland Securities, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, Celadon Financial Group, LLC, FMSbonds, Inc., First Southern LLC, Dinosaur Securities, Blaylock Van, LLC, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., A.G.P./Alliance Global Partners, Caldwell Sutter Capital, Inc..
L.O.: TWPeterson Law Office LLP, Indianapolis, IN.
F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.
Other bidders were:
Bernardi Securities, NIC 4.5426%
North Daviess School Building Corporation
Nov 20, 2025 $6,085,000
Ad Valorem Property Tax First Mortgage Bonds, Series 2025 (Indiana State Aid Intercept Program) (bank qualified) (book entry).
Dated Dec 16, 2025.
Due Jul 15, 2026 to Jan 15, 2041.
Callable Jul 15, 2035 at par.
Winning bid: Baird, at 106.9471, TIC 3.5891%.
Other managers: CL King & Associates, Edward Jones, Fidelity Capital Markets, Crews & Associates, Inc., Oppenheimer & Co., Inc., Northland Securities, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, Celadon Financial Group, LLC, FMSbonds, Inc., First Kentucky Securities Corp., Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, Blaylock Van, LLC, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., A.G.P./Alliance Global Partners, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC.
L.O.: Ice Miller, Indianapolis, IN.
F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.
Other bidders were:
BOK Fin Secs, TIC 3.6028%
Wes-Del Community Schools
Nov 20, 2025 $1,325,000
General Obligation Bonds of 2025 (Indiana State Aid Intercept Program) (bank qualified) (book entry).
Dated Dec 11, 2025.
Due Jul 15, 2026 to Jan 15, 2036.
Non-callable.
Winning bid: Baird, at 100.1807, NIC 3.5415%.
Other managers: CL King & Associates, Fidelity Capital Markets, Crews & Associates, Inc., Northland Securities, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, Celadon Financial Group, LLC, Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, Blaylock Van, LLC, Mountainside Securities LLC, A.G.P./Alliance Global Partners, ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC.
L.O.: Ice Miller, Indianapolis, IN.
F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.
IOWA
Van Meter Community School District
Nov 19, 2025 $13,000,000
School Infrastructure Sales, Services and Use Tax Revenue Bonds, Series 2026 (book entry).
Dated Jan 7, 2026.
Due Jun 1, 2027 to 2046.
Callable Jun 1, 2034 at par.
Winning bid: Baird, at 102.4435, TIC 4.0699%.
Other managers: CL King & Associates, Edward Jones, Colliers Securities LLC, Stifel, Nicolaus & Co., Inc., Crews & Associates, Inc., Davenport & Company LLC, Bernardi Securities, Inc., Oppenheimer & Co., Inc., Carty, Harding, & Hearn, Inc., Northland Securities, Inc., Cadz Securities Inc,, Celadon Financial Group, LLC, The Baker Group, A.G.P./Alliance Global Partners, BOK Financial Securities, Midland Securities Ltd, FMSbonds, Inc., First Kentucky Securities Corp., Isaak Bond Investments, Inc., First Southern LLC, Multi-Bank Securities Inc., 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., Institutional Bond Network, LLC.
L.O.: Ahlers & Cooney, P.C., Des Moines, IA.
F.A.: Piper Sandler & Co, Des Moines, IA.
Other bidders were:
Huntington Secs, TIC 4.0899%
KeyBanc Cap Mkts, TIC 4.1171%
Fidelity Capital, TIC 4.1306%
KENTUCKY
Danville Independent Board of Education
Nov 20, 2025 $7,310,000
General Obligation Bonds, Series 2025 (Kentucky School District Credit Enhancement Program) (bank qualified) (book entry).
Dated Dec 11, 2025.
Due Feb 1, 2027 to 2051.
Callable Feb 1, 2035 at par.
Winning bid: Baird, at 99.1972, TIC 4.1713%.
Other managers: SouthState | DuncanWilliams Securities Corp., CL King & Associates, Colliers Securities LLC, Crews & Associates, Inc., Edward Jones, PNC Capital Markets, First Kentucky Securities Corp., Northland Securities, Inc., Celadon Financial Group, LLC, The Baker Group, Middlegate Securities, Cadz Securities Inc,, A.G.P./Alliance Global Partners, Isaak Bond Investments, Inc., Bernardi Securities, Inc., Carty, Harding, & Hearn, Inc., Oppenheimer & Co., Inc., FMSbonds, Inc., Midland Securities Ltd, First Southern LLC, Blaylock Van, LLC, Dinosaur Securities, Mountainside Securities LLC, StoneX Financial Inc., Valdes & Moreno, Inc., First Bankers' Banc Securities Inc., Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC.
L.O.: Steptoe & Johnson PLLC, Louisville, KY.
F.A.: Compass Municipal Advisors, Lexington, KY.
Other bidders were:
Raymond James, TIC 4.2469%
KeyBanc Cap Mkts, TIC 4.2769%
Stifel Nicolaus, TIC 4.2884%
Huntington Secs, TIC 4.4485%
Kentucky Bond Corporation
Nov 20, 2025 $12,500,000
Financing Program Revenue Bonds, 2025 First Series D (book entry).
Dated Dec 11, 2025.
Due Feb 1, 2027 to 2055.
Callable Feb 1, 2033 at par.
Winning bid: Baird, at 98.0000, TIC 4.4926%.
Other managers: CL King & Associates, Edward Jones, Stifel, Nicolaus & Co., 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., Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, BOK Financial Securities, FMSbonds, Inc., First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, StoneX Financial Inc., Valdes & Moreno, Inc., Blaylock Van, LLC, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC.
L.O.: Dinsmore Shohl LLP, Lousville, KY.
F.A.: RSA Advisors, LLC, Lexington, KY.
Other bidders were:
KeyBanc Cap Mkts, TIC 4.5603%
MARYLAND
Cecil County
Nov 19, 2025 $49,650,000
Consolidated Public Improvement Bonds of 2025 (book entry).
Dated Dec 3, 2025.
Due Aug 1, 2026 to 2055.
Callable Aug 1, 2035 at par.
Winning bid: Mesirow Financial, at 107.2534, TIC 3.7444%.
L.O.: McGuireWoods LLP, Baltimore, MD.
F.A.: Davenport & Company LLC, Towson, MD.
Other bidders were:
KeyBanc Cap Mkts, TIC 3.7471%
Baird, TIC 3.76%
BofA Securities, TIC 3.7783%
Wells Fargo Corp, TIC 3.781%
Truist Secs, Inc., TIC 3.7814%
Piper Sandler, TIC 3.7931%
Huntington Secs, TIC 3.7975%
JPMorgan, TIC 3.7988%
Morgan Stanley, TIC 3.8198%
UBS Financial Svcs, TIC 3.8788%
MASSACHUSETTS
East Longmeadow (Town)
Nov 19, 2025 $3,110,000
General Obligation Municipal Purpose Loan of 2025 Bonds (bank qualified) (book entry).
Dated Dec 18, 2025.
Due Dec 1, 2026 to 2045.
Callable Dec 1, 2034 at par.
Winning bid: Brownstone Inv Grp, at 109.2117, TIC 3.3445%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Fidelity Capital, TIC 3.3996%
Baird, TIC 3.4271%
NEW JERSEY
Milltown Borough
Nov 20, 2025 $4,604,267
Bond Anticipation Notes, Series 2025 Consisting $3,883,267 Gen Imp Bnd Antic Notes, $476,000 Wtr & Swr Utility Bnd Antic Notes, $245,000 Electric Utility Bond Anticipation Notes (bank qualified) (book entry).
Dated Dec 4, 2025.
Due Dec 3, 2026.
Purchased $4,604,267.00 by Janney Montgomery, at 3.25%, plus $18,007.28, effective rate 2.8578%.
L.O.: Dilworth Paxson, Freehold, NJ.
F.A.: Phoenix Advisors, Hamilton, NJ.
Other bidders were:
Oppenheimer, Effective Rate 2.9267%
TD Financial, Effective Rate 2.9277%
Palmyra Borough
Nov 19, 2025 $4,747,900
Bond Anticipation Notes Consisting of $4,147,900 General Improvement Notes and $600,000 Sewer Utility Notes (bank qualified) (book entry).
Dated Dec 2, 2025.
Due Dec 1, 2026.
Purchased $4,747,900.00 by Piper Sandler, at 3.0%, plus $6,267.22, effective rate 2.8676%.
L.O.: Archer & Greiner P.C., Red Bank, NJ.
F.A.: Acacia Financial Group, Inc., Mount Laurel, NJ.
Other bidders were:
TD Financial, Effective Rate 2.8876%
Oppenheimer, Effective Rate 2.931%
Hilltop Securities, Effective Rate 2.9361%
South Bound Brook Borough
Nov 20, 2025 $3,085,046
Bond Anticipation Notes, Series 2025 (bank qualified) (book entry).
Dated Dec 10, 2025.
Due Dec 10, 2026.
Purchased $3,085,046.00 by Piper Sandler, at 3.0%, plus $2,282.93, effective rate 2.926%.
L.O.: Dilworth Paxson, Freehold, NJ.
F.A.: NW Financial Group, Hoboken, NJ.
Other bidders were:
Oppenheimer, Effective Rate 3.05%
Wenonah Borough
Nov 20, 2025 $963,575
Bond Anticipation Notes (bank qualified).
Dated Dec 2, 2025.
Due Dec 1, 2026.
Purchased $963,575.00 by Roosevelt & Cross, at 3.5%, plus $1,069.00, effective rate 3.3887%.
L.O.: Wilentz, Goldman & Spitzer, Woodbridge, NJ.
F.A.: Municipal Official(s).
Other bidders were:
Oppenheimer, Effective Rate 3.4591%
Wildwood (City)
Nov 20, 2025 $16,000,000
Bond Anticipation Notes, Series 2025A Consisting $15,000,000 General Improvement Notes $1,000,000 Water Utility Notes (book entry).
Dated Dec 10, 2025.
Due Oct 2, 2026.
Purchased $16,000,000.00 by TD Financial, at 4.0%, plus $161,760.00, effective rate 2.7536%.
L.O.: Gibbons P.C., Newark, NJ.
F.A.: Phoenix Advisors, Hamilton, NJ.
Other bidders were:
BNY Mellon Cap Mkts, Effective Rate 2.755%
Jefferies, Effective Rate 2.777%
Oppenheimer, Effective Rate 2.7847%
Woodbury (City)
Nov 20, 2025 $7,654,800
Bond Anticipation Notes of 2025, Series A Consisting of $4,681,100 General Capital Notes and $2,973,700 Water and Sewer Utility Notes (bank qualified) (book entry).
Dated Dec 10, 2025.
Due Dec 9, 2026.
Purchased $7,654,800.00 by TD Financial, at 4.0%, plus $93,465.10, effective rate 2.7756%.
L.O.: Parker, McCay, P.A., Mount Laurel, NJ.
F.A.: Acacia Financial Group, Inc., Mount Laurel, NJ.
Other bidders were:
Jefferies, Effective Rate 2.7783%
Oppenheimer, Effective Rate 2.8214%
Fidelity Capital, Effective Rate 3.0835%
NEW YORK
Albany (City)
Nov 20, 2025 $14,934,000
Bond Anticipation Notes, 2025 Series B
.
Dated Dec 4, 2025.
Due Mar 20, 2026.
Purchased $14,934,000.00 by Jefferies, at 4.0%, plus $48,839.00, effective rate 2.8893%.
L.O.: Roemer, Wallens & Mineaux, LLP, Albany, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
TD Financial, Effective Rate 2.9172%
BNY Mellon Cap Mkts, Effective Rate 2.9899%
Oppenheimer, Effective Rate 3.2293%
Batavia City School District
Nov 20, 2025 $14,800,000
Bond Anticipation Notes, 2025.
Dated Dec 9, 2025.
Due Jul 21, 2026.
Purchased $14,800,000.00 by Truist Secs, Inc., at 3.5%, plus $63,048.00, effective rate 2.8091%.
L.O.: Hodgson, Russ LLP, Buffalo, NY.
F.A.: Municipal Solutions, Inc., LeRoy, NY; and Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
Jefferies, Effective Rate 2.8745%
Oppenheimer, Effective Rate 2.9046%
East Greenbush Central School District
Nov 20, 2025 $26,261,100
Bond Anticipation Notes, 2025B.
Dated Dec 10, 2025.
Due Dec 10, 2026.
Purchased $26,261,100.00 by TD Financial, at 3.25%, plus $165,970.15, effective rate 2.618%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Capital Markets Advisors, LLC, Orchard Park, NY.
Other bidders were:
Jefferies, Effective Rate 2.664%
BNY Mellon Cap Mkts, Effective Rate 2.69%
Oppenheimer, Effective Rate 2.767%
Greene County
Nov 20, 2025 $20,000,000
General Obligations Bond Anticipation Notes, 2025 (Renewals).
Dated Dec 11, 2025.
Due Dec 11, 2026.
Purchased $20,000,000.00 by TD Financial, at 3.75%, plus $206,200.00, effective rate 2.719%.
L.O.: Bond, Schoeneck & King, PLLC, Syracuse, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
BNY Mellon Cap Mkts, Effective Rate 2.7499%
Jefferies, Effective Rate 2.7849%
Oppenheimer, Effective Rate 2.8237%
Irvington Village
Nov 20, 2025 $2,351,000
Bond Anticipation Notes - 2025 (bank qualified).
Dated Dec 2, 2025.
Due Dec 2, 2026.
Purchased $2,351,000.00 by Oppenheimer, at 4.0%, plus $26,155.00, effective rate 2.8875%.
L.O.: Harris Beach Murtha Cullina PLLC, New York, NY.
F.A.: Capital Markets Advisors, LLC, Great Neck, NY.
Other bidders were:
Piper Sandler, Effective Rate 2.941%
Hilltop Securities, Effective Rate 2.9886%
Bank of Greene Co, Effective Rate 3.79%
Jamesville-Dewitt Central School District
Nov 20, 2025 $6,500,000
General Obligations Bond Anticipation Notes, 2025 (bank qualified).
Dated Dec 4, 2025.
Due Jul 24, 2026.
Purchased $6,500,000.00 by Truist Secs, Inc., at 3.5%, plus $31,980.00, effective rate 2.7299%.
L.O.: Bond, Schoeneck & King, PLLC, Syracuse, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Jefferies, Effective Rate 2.8828%
Hilltop Securities, Effective Rate 2.8955%
Oppenheimer, Effective Rate 2.9064%
Bank of Greene Co, Effective Rate 3.79%
Red Hook Central School District
Nov 20, 2025 $5,000,000
General Obligation Bond Anticipation Notes, 2025 (New Issue) (bank qualified).
Dated Dec 16, 2025.
Due Jun 25, 2026.
Purchased $5,000,000.00 by Jefferies, at 3.75%, plus $22,200.00, effective rate 2.9043%.
L.O.: Barclay Damon LLP, Albany, NY.
F.A.: Bernard P. Donegan, Inc., Fairport, NY.
Other bidders were:
TD Financial, Effective Rate 3.1505%
Fidelity Capital, Effective Rate 3.2952%
M & T Bank, Effective Rate 3.64%
Bank of Greene Co, Effective Rate 3.79%
Scio Central School District
Nov 20, 2025 $175,600
School District (Serial) Bonds, 2025 (bank qualified).
Dated Dec 9, 2025.
Due Oct 15, 2026 to 2030.
Non-callable.
Winning bid: Bank of Greene Co, at n/a, NIC 3.683%.
L.O.: Timothy R. McGill, Esq., Fairport, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Roosevelt & Cross, NIC 3.9083%
South Blooming Grove Village
Nov 20, 2025 $1,000,000
Bond Anticipation Notes - 2025 Series D (bank qualified).
Dated Dec 3, 2025.
Due Aug 26, 2026.
Purchased $1,000,000.00 by Oppenheimer, at 4.0%, plus $3,855.00, effective rate 3.4723%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Munistat Services, Inc., Port Jefferson, NY.
Yonkers (City)
Nov 20, 2025 $5,500,000
General Obligation Bond Anticipation Notes-2025.
Dated Dec 4, 2025.
Due Dec 3, 2026.
Purchased $5,500,000.00 by Piper Sandler, at 3.5%, plus $11,880.00, effective rate 3.2834%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Capital Markets Advisors, LLC, Great Neck, NY.
Other bidders were:
Oppenheimer, Effective Rate 3.37%
OHIO
Hudson (City)
Nov 20, 2025 $9,695,000
General Obligation (Limited Tax) Various Purpose Bonds, Series 2025 (book entry).
Dated Dec 11, 2025.
Due Dec 1, 2026 to 2050.
Callable Dec 1, 2030 at par.
Winning bid: Baird, at 102.0967, TIC 3.8889%.
Other managers: CL King & Associates, Edward Jones, Crews & Associates, Inc., Colliers Securities LLC, Northland Securities, Inc., Oppenheimer & Co., Inc., Bernardi Securities, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, Isaak Bond Investments, Inc., Celadon Financial Group, LLC, Midland Securities Ltd, FMSbonds, Inc., BOK Financial Securities, Middlegate Securities, First Kentucky Securities Corp., First Southern LLC, Dinosaur Securities, First Bankers' Banc Securities Inc., Mountainside Securities LLC, StoneX Financial Inc., D.A. Davidson & Co., Blaylock Van, LLC, Falcon Square Capital, Valdes & Moreno, Inc., ZIONS BANK division of ZB, N.A., Institutional Bond Network, LLC.
L.O.: Squire Patton Boggs (US) LLP, Cleveland, OH.
F.A.: Sudsina & Associates, Aurora, OH.
Other bidders were:
FHN Fin Cap Mkts, TIC 3.9263%
KeyBanc Cap Mkts, TIC 3.9761%
TD Financial, TIC 4.0034%
Hudson (City)
Nov 20, 2025 $50,600,000
Various Purpose General Obligation (Limited Tax) Bond Anticipation Notes, Series 2025 (book entry).
Dated Dec 11, 2025.
Due Dec 11, 2026.
Purchased $50,600,000.00 by BofA Securities, at 4.0%, plus $710,424.00, effective rate 2.596%.
L.O.: Squire Patton Boggs (US) LLP, Cleveland, OH.
F.A.: Sudsina & Associates, Aurora, OH.
Other bidders were:
JPMorgan, Effective Rate 2.62%
TD Financial, Effective Rate 2.696%
Jefferies, Effective Rate 2.722%
Piper Sandler, Effective Rate 2.761%
Oppenheimer, Effective Rate 2.813%
TEXAS
Blue Meadow Municipal Utility District No. 3 of Collin County
Nov 20, 2025 $3,125,000
Unlimited Tax Road Bonds, Series 2025 (bank qualified) (book entry).
Dated Dec 1, 2025.
Due Sep 1, 2028 to 2050.
Callable Dec 1, 2031 at par.
Winning bid: SAMCO Cap Mkts, at 97.0000, NIC 4.9964%.
L.O.: Coats Rose, P.C, Dallas, TX; and State Attorney General.
F.A.: Baird, Dallas, TX.
Other bidders were:
GMS Group, NIC 5.0055%
Conroe Municipal Management District No. 1
Nov 20, 2025 $5,000,000
Unlimited Tax Road Bonds, Series 2025 (book entry).
Dated Dec 1, 2025.
Due Sep 1, 2027 to 2050.
Callable Sep 1, 2030 at par.
Winning bid: Northland Securities, at 98.0000, NIC 4.5357%.
Other managers: Celadon Financial Group, LLC, CL King & Associates.
L.O.: The Muller Law Group, Sugar Land, TX; and State Attorney General.
F.A.: Baird, Houston, TX.
Other bidders were:
Crews & Associates, NIC 4.5541%
SAMCO Cap Mkts, NIC 4.5867%
Fort Worth (City)
Nov 19, 2025 $23,165,000
Tax Notes, Series 2025B (book entry).
Dated Dec 10, 2025.
Due Mar 1, 2027 to 2032.
Non-callable.
Winning bid: Cabrera Cap Mkts, at 108.3833, TIC 2.7191%.
L.O.: McCall Parkhurst & Horton, Dallas, TX; Kelly Hart & Hallman, Fort Worth, TX; and State Attorney General.
F.A.: PFM Financial Advisors LLC, Dallas, TX; Tijerina Financial Consulting LLC, Dallas, TX; and PFM Financial Advisors LLC, Austin, TX.
Other bidders were:
TD Financial, TIC 2.7289%
Wells Fargo Corp, TIC 2.73%
KeyBanc Cap Mkts, TIC 2.7316%
BOK Fin Secs, TIC 2.7566%
PNC Capital Markets, TIC 2.7629%
Mesirow Financial, TIC 2.7989%
Piper Sandler, TIC 2.8038%
Jefferies, TIC 2.8071%
TRB Cap Mkts, TIC 2.8346%
JPMorgan, TIC 2.8627%
Baird, TIC 2.9689%
Huntington Secs, TIC 3.0094%
Galveston County Municipal Utility District No. 59
Nov 20, 2025 $13,400,000
Unlimited Tax Bonds, Series 2025 (book entry).
Dated Dec 1, 2025.
Due Jun 1, 2027 to 2051.
Callable Jun 1, 2031 at par.
Winning bid: SAMCO Cap Mkts, at 97.0029, NIC 4.6642%.
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, TRB Capital Markets, LLC, 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 4.6674%
Crews & Associates, NIC 4.6711%
Harris County Municipal Utility District No. 304
Nov 20, 2025 $8,100,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Dec 1, 2025.
Due Sep 1, 2036 to 2054.
Callable Sep 1, 2032 at par.
Winning bid: Baker Group, at 97.0050, NIC 4.3386%.
L.O.: Norton Rose Fulbright US LLP, Houston, TX; and State Attorney General.
F.A.: GMS Group, L.L.C., Houston, TX.
Other bidders were:
Baird, NIC 4.4931%
SAMCO Cap Mkts, NIC 4.5091%
TD Financial, NIC 4.671%
Harris County Municipal Utility District No. 535
Nov 20, 2025 $8,155,000
Unlimited Tax Road Bonds, Series 2025 (bank qualified) (book entry).
Dated Dec 1, 2025.
Due Sep 1, 2027 to 2051.
Callable Sep 1, 2030 at par.
Winning bid: Northland Securities, at 97.0000, NIC 4.7903%.
Other managers: Celadon Financial Group, LLC, CL King & Associates.
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: Baird, Houston, TX.
Other bidders were:
SAMCO Cap Mkts, NIC 4.8268%
Horizon Regional Municipal Utility District
Nov 20, 2025 $3,630,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Dec 1, 2025.
Due Feb 1, 2026 to 2053.
Callable Feb 1, 2031 at par.
Winning bid: Baird, at 97.0000, NIC 4.7406%.
Other managers: CL King & Associates, 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., Institutional Bond Network, LLC, BOK Financial Securities.
L.O.: Johnson Petrov LLP, Houston, TX; and State Attorney General.
F.A.: SAMCO Capital Markets, Austin, TX.
Other bidders were:
Bancroft Capital, NIC 4.7662%
Kaufman County Fresh Water Supply District No. 7-A
Nov 19, 2025 $3,560,000
Unlimited Tax Road Bonds, Series 2025 (bank qualified) (book entry).
Dated Dec 1, 2025.
Due Sep 15, 2028 to 2055.
Callable Sep 15, 2033 at par.
Winning bid: RBC Capital Mkts, at 97.0000, NIC 4.9906%.
L.O.: Winstead PC, Dallas, TX; and State Attorney General.
F.A.: Hilltop Securities Inc., Dallas, TX.
Other bidders were:
SAMCO Cap Mkts, NIC 5.0332%
GMS Group, NIC 5.1264%
Crews & Associates, NIC 5.166%
Montgomery County Municipal Utility District No. 178
Nov 19, 2025 $2,700,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Dec 1, 2025.
Due Sep 1, 2027 to 2050.
Callable Sep 1, 2031 at par.
Winning bid: SAMCO Cap Mkts, at 97.0013, NIC 4.7545%.
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, TRB Capital Markets, LLC, 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 4.777%
Noble Ridge Municipal Utility District
Nov 20, 2025 $4,125,000
Unlimited Tax Road Bonds, Series 2025 (bank qualified) (book entry).
Dated Dec 1, 2025.
Due Sep 1, 2027 to 2050.
Callable Dec 1, 2031 at par.
Winning bid: SAMCO Cap Mkts, at 97.0005, NIC 4.9986%.
L.O.: Coats Rose, P.C, Dallas, TX; and State Attorney General.
F.A.: Baird, Irving, TX.
Williamson County Municipal Utility District No. 19G
Nov 19, 2025 $5,155,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Dec 11, 2025.
Due Aug 15, 2028 to 2055.
Callable Aug 15, 2031 at par.
Winning bid: SAMCO Cap Mkts, at 97.0031, NIC 4.8961%.
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, TRB Capital Markets, LLC, Carty, Harding, & Hearn, Inc., Bancroft Capital, LLC, StoneX Financial Inc., Cadz Securities Inc,.
L.O.: McCall Parkhurst & Horton, Austin, TX; and State Attorney General.
F.A.: Specialized Public Finance Inc., Austin, TX.
Other bidders were:
Raymond James, NIC 5.0561%
UTAH
Davis School District Board of Education
Nov 20, 2025 $100,000,000
General Obligation Bonds (Utah School District Bond Guaranty Program), Series 2025B (book entry).
Dated Dec 10, 2025.
Due Jun 1, 2026 to 2045.
Callable Dec 1, 2035 at par.
Winning bid: BofA Securities, at 108.2984, TIC 3.5695%.
L.O.: Gilmore & Bell, Salt Lake City, UT.
F.A.: Zions Public Finance, Salt Lake City, UT.
Other bidders were:
JPMorgan, TIC 3.5893%
Baird, TIC 3.5919%
Morgan Stanley, TIC 3.5919%
Huntington Secs, TIC 3.5963%
Wells Fargo Corp, TIC 3.5984%
Truist Secs, Inc., TIC 3.6064%
VERMONT
Burlington (City)
Nov 20, 2025 $31,000,000
General Obligation Public Improvement Bonds, Series 2025A (book entry).
Dated Dec 4, 2025.
Due Nov 1, 2026 to 2045.
Callable Nov 1, 2035 at par.
Winning bid: TD Financial, at 112.0087, TIC 3.6491%.
L.O.: Paul Frank + Collins P.C., Burlington, VT.
F.A.: PFM Financial Advisors LLC, Minneapolis, MN.
Other bidders were:
BofA Securities, TIC 3.6519%
Janney Montgomery, TIC 3.6589%
Huntington Secs, TIC 3.6598%
FHN Fin Cap Mkts, TIC 3.6652%
Baird, TIC 3.6806%
Truist Secs, Inc., TIC 3.6868%
Jefferies, TIC 3.6972%
TAXABLE ISSUES
IOWA
North Iowa Area Community College
Nov 20, 2025 $1,080,000
Taxable Industrial New Jobs Training Certificates, Series 2025-2 (book entry).
Dated Dec 11, 2025.
Due Jun 1, 2026 to 2035.
Callable Jun 1, 2031 at par.
Winning bid: Northland Securities, at 99.3720, TIC 4.2026%.
L.O.: Ahlers & Cooney, P.C., Des Moines, IA.
F.A.: Piper Sandler & Co, Des Moines, IA.
Other bidders were:
Central States Cap, TIC 4.2099%
UMB Bank, TIC 4.234%
Baird, TIC 4.2558%
OKLAHOMA
Marshall County Independent School District No. 2 (Madill)
Nov 19, 2025 $3,530,000
Combined Purpose Bonds of 2026 (Federally Taxable) (book entry).
Dated Jan 1, 2026.
Due Jan 1, 2028 to 2029.
Non-callable.
Winning bid: Northland Securities, at n/a, NIC 3.9764%.
In association with: First United Bank.
L.O.: State Attorney General.
F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.