Market Data
Results of competitive sales: 11/25/2025

INDIANA

Boone Township Schools Building Corporation

Nov 24, 2025 $14,120,000

Ad Valorem Property Tax First Mortgage Bonds, Series 2025 (Indiana State Aid Intercept Program) (book entry).

Dated Dec 16, 2025.

Due Jul 15, 2031 to Jan 15, 2045.

Callable Jul 15, 2034 at par.

Winning bid: Baird, at 99.5659, TIC 4.1442%.

Other managers: CL King & Associates, Edward Jones, Bernardi Securities, Inc., 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., 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., Blaylock Van, LLC, 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:

FHN Fin Cap Mkts, TIC 4.316%


MINNESOTA

Brooklyn Center (City)

Nov 24, 2025 $6,180,000

General Obligation Utility Revenue Bonds, Series 2025A (Minnesota City Credit Enhancement Program) (bank qualified) (book entry).

Dated Dec 18, 2025.

Due Feb 1, 2027 to 2036.

Callable Feb 1, 2033 at par.

Winning bid: Huntington Secs, at 108.7554, TIC 2.9791%.

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

F.A.: Ehlers, Minneapolis, MN; and Ehlers, Waukesha, WI.

Other bidders were:

FHN Fin Cap Mkts, TIC 3.0084%

Brownstone Inv Grp, TIC 3.0183%

Raymond James, TIC 3.0474%

Stifel Nicolaus, TIC 3.0753%

Baird, TIC 3.0896%

Northland Securities, TIC 3.1098%

TD Financial, TIC 3.1232%


Minnetonka (City)

Nov 24, 2025 $10,000,000

General Obligation Utility Revenue Bonds, Series 2025B (bank qualified) (book entry).

Dated Dec 17, 2025.

Due Feb 1, 2027 to 2046.

Callable Feb 1, 2036 at par.

Winning bid: Piper Sandler, at 108.6340, TIC 3.5339%.

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

F.A.: Ehlers, Minneapolis, MN; and Ehlers, Waukesha, WI.

Other bidders were:

FHN Fin Cap Mkts, TIC 3.5465%

Northland Securities, TIC 3.5705%

Baird, TIC 3.5707%

Brownstone Inv Grp, TIC 3.6046%

Raymond James, TIC 3.605%

Stifel Nicolaus, TIC 3.632%

TD Financial, TIC 3.6374%

Huntington Secs, TIC 3.7091%


TEXAS

Harris-Fort Bend Counties Municipal Utility District No. 3

Nov 24, 2025 $4,925,000

Unlimited Tax Park Bonds, Series 2025 (bank qualified) (book entry).

Dated Dec 1, 2025.

Due Apr 1, 2027 to 2050.

Callable Apr 1, 2032 at par.

Winning bid: Baker Group, at 97.0145, NIC 4.2236%.

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 4.2952%

Baird, NIC 4.3305%

Hilltop Securities, NIC 4.3477%

Stifel Nicolaus, NIC 4.3612%

Crews & Associates, NIC 4.3805%

Raymond James, NIC 4.3932%

TD Financial, NIC 4.4697%


WISCONSIN

Cross Plains Village

Nov 24, 2025 $3,865,000

General Obligation Promissory Notes, Series 2025A (bank qualified) (book entry).

Dated Dec 18, 2025.

Due Apr 1, 2026 to 2045.

Callable Apr 1, 2033 at par.

Winning bid: BOK Fin Secs, at 102.2170, TIC 3.8787%.

L.O.: Quarles & Brady, Milwaukee, WI.

F.A.: Ehlers, Waukesha, WI; and Ehlers, Minneapolis, MN.

Other bidders were:

Northland Securities, TIC 3.8893%

Bernardi Securities, TIC 3.918%

Baird, TIC 3.9258%

Bankers' Bank, TIC 4.0885%