ARKANSAS
Arkadelphia School District No. 1 of Clark County
Feb 12, 2026 $37,170,000
Construction Bonds (Arkansas State School District Credit Enhancement Program) (book entry).
Dated Mar 19, 2026.
Due May 1, 2027 to 2056.
Callable May 1, 2031 at par.
Winning bid: Raymond James, at 98.2618, TIC 4.4994%.
Other managers: Morgan Stanley & Co., Inc., Fidelity Capital Markets, Ramirez & Co., Inc., SAMCO Capital Markets, Zeus Financial, LLC, Advisors Asset Management Inc, American Veterans Group.
L.O.: Friday Eldredge & Clark, Little Rock, AR.
F.A.: Stephens Inc., Little Rock, AR.
Other bidders were:
Baird, TIC 4.5165%
Carty, Harding, TIC 4.5637%
Wells Fargo Corp, TIC 4.58%
BofA Securities, TIC 4.6791%
Mesirow Financial, TIC 4.7002%
Truist Secs, Inc., TIC 4.7365%
CALIFORNIA
San Diego County
Feb 10, 2026 $83,155,000
Certificates of Participation, 2026 Series A (Multiple Capital Projects) (book entry).
Dated Feb 25, 2026.
Due Oct 1, 2026 to 2046.
Callable Oct 1, 2035 at par.
Winning bid: Fifth Third Secs, at 115.4404, TIC 3.407%.
L.O.: Orrick, Herrington & Sutcliffe, Los Angeles, CA.
F.A.: Public Resources Advisory Group, Los Angeles, CA.
Other bidders were:
Wells Fargo Corp, TIC 3.419%
Hilltop Securities, TIC 3.4306%
JPMorgan, TIC 3.4442%
Mesirow Financial, TIC 3.4449%
Baird, TIC 3.4461%
BofA Securities, TIC 3.4484%
RBC Capital Mkts, TIC 3.45%
KeyBanc Cap Mkts, TIC 3.461%
Huntington Secs, TIC 3.4612%
Jefferies, TIC 3.4633%
Raymond James, TIC 3.4848%
Morgan Stanley, TIC 3.5043%
CONNECTICUT
South Windsor (Town)
Feb 11, 2026 $14,600,000
General Obligation Bonds, Issue of 2026 (book entry).
Dated Feb 25, 2026.
Due Feb 15, 2027 to 2044.
Callable Feb 15, 2033 at par.
Winning bid: Raymond James, at 109.3772, TIC 3.0401%.
Other managers: Fidelity Capital Markets, Morgan Stanley & Co., Inc., Ramirez & Co., Inc., Advisors Asset Management Inc, American Veterans Group, Zeus Financial, LLC.
L.O.: Robinson & Cole, Hartford, CT.
F.A.: Phoenix Advisors, LLC, Milford, CT.
Other bidders were:
FHN Fin Cap Mkts, TIC 3.0445%
Baker Group, TIC 3.0541%
Loop Capital, TIC 3.0639%
Huntington Secs, TIC 3.0802%
Brownstone Inv Grp, TIC 3.1121%
Baird, TIC 3.123%
Hilltop Securities, TIC 3.1235%
Mesirow Financial, TIC 3.1247%
Bancroft Capital, TIC 3.1267%
StoneX Fin Inc., TIC 3.1295%
ILLINOIS
Freeport Park District
Feb 12, 2026 $731,730
General Obligation Limited Tax Park Bonds, Series 2026A (bank qualified).
Dated Feb 27, 2026.
Due Dec 1, 2026.
Non-callable.
Winning bid: First Secure Comm Bk, at n/a, NIC 3.28%.
L.O.: Chapman and Cutler LLP, Chicago, IL.
F.A.: Speer Financial, Inc., Chicago, IL.
Other bidders were:
Peoples Natl Bk, NIC 3.37%
State Bank, NIC 4.25%
Gurnee Park District
Feb 12, 2026 $783,020
General Obligation Limited Tax Park Bonds, Series 2026A (bank qualified).
Dated Feb 26, 2026.
Due Dec 15, 2026.
Non-callable.
Winning bid: Wintrust Bank, at n/a, NIC 2.98%.
L.O.: Chapman and Cutler LLP, Chicago, IL.
F.A.: Speer Financial, Inc., Chicago, IL.
Other bidders were:
Republic Bk- Chicago, NIC 3.0%
Time Bank, NIC 3.07%
First Secure Comm Bk, NIC 3.28%
Peoples Natl Bk, NIC 3.43%
MARYLAND
University System of Maryland
Feb 11, 2026 $90,915,000
Auxiliary Facility and Tuition Revenue Bonds 2026 Refunding Series B (book entry).
Dated Feb 25, 2026.
Due Apr 1, 2027 to 2036.
Non-callable.
Winning bid: Jefferies, at 112.4143, TIC 2.4536%.
L.O.: Miles & Stockbridge, Baltimore, MD.
F.A.: PFM Financial Advisors LLC, Boston, MA.
Other bidders were:
BofA Securities, TIC 2.4695%
Wells Fargo Corp, TIC 2.47%
Truist Secs, Inc., TIC 2.4702%
JPMorgan, TIC 2.4718%
Morgan Stanley, TIC 2.5139%
Baird, TIC 2.5484%
University System of Maryland
Feb 11, 2026 $104,925,000
Auxiliary Facility and Tuition Revenue Bonds 2026, Series A (book entry).
Dated Feb 25, 2026.
Due Apr 1, 2027 to 2056.
Callable Apr 1, 2036 at par.
Winning bid: Jefferies, at 109.8041, TIC 3.5374%.
L.O.: Miles & Stockbridge, Baltimore, MD.
F.A.: PFM Financial Advisors LLC, Boston, MA.
Other bidders were:
Wells Fargo Corp, TIC 3.5488%
Truist Secs, Inc., TIC 3.5537%
BofA Securities, TIC 3.5735%
JPMorgan, TIC 3.5745%
Baird, TIC 3.5926%
MICHIGAN
Marysville Public Schools
Feb 12, 2026 $33,205,000
2026 Refunding Bonds (Unlimited Tax General Obligation) (Michigan School Bond Qualification and Loan Program) (book entry).
Dated Mar 12, 2026.
Due May 1, 2027 to 2037.
Callable May 1, 2036 at par.
Winning bid: Jefferies, at 114.3417, TIC 2.591%.
L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.
F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.
Other bidders were:
UBS Financial Svcs, TIC 2.6295%
KeyBanc Cap Mkts, TIC 2.6299%
JPMorgan, TIC 2.6374%
PNC Capital Markets, TIC 2.7209%
Baird, TIC 2.724%
Fifth Third Secs, TIC 2.7258%
Raymond James, TIC 2.7379%
Hilltop Securities, TIC 2.7484%
TD Financial, TIC 2.767%
Huntington Secs, TIC 2.899%
NEVADA
Las Vegas Valley Water District
Feb 11, 2026 $59,020,000
General Obligation (Limited Tax) (Additionally Secured by Pledged Revenues) Water Refunding Bonds Series 2026B (book entry).
Dated Mar 4, 2026.
Due Jun 1, 2027 to 2036.
Non-callable.
Winning bid: JPMorgan, at 114.2241, TIC 2.4537%.
In association with: Academy Securities Inc..
In association with: Rice Financial Products Company, Stern Brothers & Co..
L.O.: Taft, Stettinius & Hollister LLP, Las Vegas, NV.
F.A.: Hobbs, Ong & Associates, Inc., Las Vegas, NV; and PFM Financial Advisors LLC, Seattle, WA.
Other bidders were:
Truist Secs, Inc., TIC 2.4913%
Wells Fargo Corp, TIC 2.5055%
Morgan Stanley, TIC 2.5095%
RBC Capital Mkts, TIC 2.5463%
Las Vegas Valley Water District
Feb 11, 2026 $335,060,000
General Obligation (Limited Tax) (Additionally Secured by SNWA Pledged Revenues) Water Refunding Bonds Series 2026A (book entry).
Dated Mar 4, 2026.
Due Jun 1, 2027 to 2046.
Callable Jun 1, 2036 at par.
Winning bid: JPMorgan, at 113.5220, TIC 3.582%.
L.O.: Taft, Stettinius & Hollister LLP, Las Vegas, NV.
F.A.: Hobbs, Ong & Associates, Inc., Las Vegas, NV; and PFM Financial Advisors LLC, Seattle, WA.
Other bidders were:
Wells Fargo Corp, TIC 3.6159%
BofA Securities, TIC 3.6198%
Jefferies, TIC 3.6234%
Morgan Stanley, TIC 3.6449%
RBC Capital Mkts, TIC 3.6718%
NEW JERSEY
Hudson County
Feb 12, 2026 $210,954,561
Bond Anticipation Notes, Series 2026 (book entry).
Dated Feb 25, 2026.
Due Feb 24, 2027.
Purchased $210,954,561.00 by JPMorgan, at 4.0%, plus $3,757,100.73, effective rate 2.214%.
L.O.: Wilentz, Goldman & Spitzer, Woodbridge, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
Other bidders were:
TD Financial, Effective Rate 2.2345%
BofA Securities, Effective Rate 2.2466%
Jefferies, Effective Rate 2.3544%
Union Township (Union County)
Feb 12, 2026 $47,112,421
Bond Anticipation Notes, Series 2026 (book entry).
Dated Feb 27, 2026.
Due Feb 26, 2027.
Purchased $47,112,421.00 by JPMorgan, at 4.0%, plus $814,573.75, effective rate 2.2662%.
L.O.: Wilentz, Goldman & Spitzer, Woodbridge, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
Other bidders were:
BofA Securities, Effective Rate 2.2943%
Jefferies, Effective Rate 2.3253%
Raymond James, Effective Rate 2.3935%
Oppenheimer, Effective Rate 2.4631%
NEW YORK
Glens Falls (City)
Feb 12, 2026 $9,453,200
General Obligations Bond Anticipation Notes, 2026 (Renewals) (bank qualified).
Dated Feb 26, 2026.
Due Feb 26, 2027.
Purchased $9,453,200.00 by TD Financial, at 4.0%, plus $140,569.08, effective rate 2.513%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Jefferies, Effective Rate 2.7489%
Oppenheimer, Effective Rate 3.094%
Arrow Bank, Effective Rate 3.48%
New Paltz Village
Feb 12, 2026 $1,000,000
Bond Anticipation Notes, 2026 Series A (bank qualified).
Dated Feb 26, 2026.
Due Feb 26, 2027.
Purchased $1,000,000.00 by Oppenheimer, at 3.5%, plus $6,510.00, effective rate 2.849%.
L.O.: Squire Patton Boggs (US) LLP, New York, NY.
F.A.: Munistat Services, Inc., Port Jefferson, NY.
Other bidders were:
Piper Sandler, Effective Rate 2.931%
NBT Bank, Effective Rate 3.25%
Bank of Greene Co, Effective Rate 3.32%
Roosevelt & Cross, Effective Rate 3.349%
M & T Bank, Effective Rate 3.45%
Patchogue-Medford Union Free School District
Feb 12, 2026 $19,750,000
School District Serial Bonds - 2026 (book entry).
Dated Mar 4, 2026.
Due Oct 1, 2027 to 2041.
Callable Oct 1, 2033 at par.
Winning bid: Huntington Secs, at 109.9583, TIC 2.9477%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Munistat Services, Inc., Port Jefferson, NY.
Other bidders were:
Brownstone Inv Grp, TIC 2.9508%
Baker Group, TIC 2.9618%
Raymond James, TIC 2.9699%
Roosevelt & Cross, TIC 2.97%
Jefferies, TIC 2.9869%
UBS Financial Svcs, TIC 2.9885%
Baird, TIC 3.0084%
Mesirow Financial, TIC 3.0153%
Bancroft Capital, TIC 3.0918%
Peekskill (City)
Feb 12, 2026 $6,000,000
Tax Anticipation Notes, 2026 (bank qualified).
Dated Feb 26, 2026.
Due Nov 4, 2026.
Purchased $6,000,000.00 by Huntington Secs, at 3.75%, plus $51,312.00, effective rate 2.5086%.
L.O.: Harris Beach PLLC, White Plains, NY.
F.A.: Munistat Services, Inc., Port Jefferson, NY.
Other bidders were:
Jefferies, Effective Rate 2.5181%
TD Financial, Effective Rate 2.5898%
Piper Sandler, Effective Rate 2.6363%
Oppenheimer, Effective Rate 2.8337%
Bank of Greene Co, Effective Rate 3.59%
Town of Delhi
Feb 12, 2026 $292,885
Public Improvement (Serial) Bonds, 2026 (bank qualified).
Dated Feb 26, 2026.
Due Feb 15, 2027 to 2031.
Non-callable.
Winning bid: Bank of Greene Co, at n/a, NIC 3.4907%.
L.O.: WJ Marquardt PLLC, Skaneateles, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Roosevelt & Cross, NIC 4.7373%
NORTH DAKOTA
North Dakota Board of Higher Education
Feb 12, 2026 $2,240,000
Student Services Facilities Revenue Bonds, Series 2026 (Minot State University) (book entry).
Dated Mar 4, 2026.
Due Aug 1, 2027 to 2036.
Callable Aug 1, 2034 at par.
Winning bid: Baird, at 105.8919, TIC 3.2601%.
Other managers: CL King & Associates, Crews & Associates, Inc., Isaak Bond Investments, Inc., Northland Securities, Inc., Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, Celadon Financial Group, LLC, BOK Financial Securities, Midland Securities Ltd, FMSbonds, Inc., Middlegate Securities, Multi-Bank Securities Inc., First Southern LLC, A.G.P./Alliance Global Partners, First Bankers' Banc Securities Inc., Mountainside Securities LLC, Blaylock Van, LLC, Falcon Square Capital, Caldwell Sutter Capital, Inc., Institutional Bond Network, LLC, Colliers Securities LLC, StoneX Financial Inc..
L.O.: Arntson Stewart Wegner PC, Bismarck, ND.
F.A.: PFM Financial Advisors LLC, Minneapolis, MN.
Other bidders were:
Hilltop Securities, TIC 3.2884%
Stifel Nicolaus, TIC 3.3036%
FHN Fin Cap Mkts, TIC 3.3557%
SOUTH CAROLINA
Hampton County School District
Feb 11, 2026 $25,000,000
General Obligation Bonds, Series 2026 (book entry).
Dated Mar 4, 2026.
Due Mar 1, 2027 to 2050.
Callable Mar 1, 2035 at par.
Winning bid: StoneX Fin Inc., at 106.1993, TIC 3.8794%.
L.O.: Burr & Forman, Columbia, SC.
F.A.: Compass Municipal Advisors, Columbia, SC.
Other bidders were:
Fidelity Capital, TIC 3.8816%
Huntington Secs, TIC 3.8904%
KeyBanc Cap Mkts, TIC 3.8968%
JPMorgan, TIC 3.9307%
Baird, TIC 3.9503%
Truist Secs, Inc., TIC 3.9573%
TRB Cap Mkts, TIC 3.9595%
Mesirow Financial, TIC 4.0147%
TD Financial, TIC 4.0479%
TENNESSEE
Anderson County
Feb 11, 2026 $9,780,000
Rural Elementary School Bonds, Series 2026 (bank qualified) (book entry).
Dated Mar 6, 2026.
Due Mar 1, 2029 to 2056.
Callable Mar 1, 2033 at par.
Winning bid: Stifel Nicolaus, at 100.9490, TIC 4.0207%.
L.O.: Bass, Berry & Sims PLC, Knoxville, TN.
F.A.: Cumberland Securities Co., Inc., Knoxville, TN.
Other bidders were:
Hilltop Securities, TIC 4.0403%
Baird, TIC 4.0468%
Raymond James, TIC 4.0811%
FHN Fin Cap Mkts, TIC 4.1653%
Crews & Associates, TIC 4.229%
TEXAS
Tomball Business Improvement District No.1
Feb 12, 2026 $17,000,000
Unlimited Tax Bonds, Series 2026 (book entry).
Dated Mar 1, 2026.
Due Nov 15, 2027 to 2051.
Callable Nov 15, 2031 at par.
Winning bid: SAMCO Cap Mkts, at 97.0181, NIC 4.6606%.
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: Post Oak Municipal Advisors LLC, Houston, TX.
Other bidders were:
Hilltop Securities, NIC 4.9624%
GMS Group, NIC 5.0241%
Washington County Junior College District
Feb 12, 2026 $54,520,000
Combined Fee Revenue Bonds, Series 2026 (book entry).
Dated Feb 1, 2026.
Due Oct 1, 2029 to 2056.
Callable Oct 1, 2035 at par.
Winning bid: Baird, at 101.9527, TIC 4.3377%.
Other managers: CL King & Associates, Edward Jones, Davenport & Company LLC, Crews & Associates, Inc., Oppenheimer & Co., Inc., Isaak Bond Investments, Inc., Carty, Harding, & Hearn, Inc., Bernardi Securities, Inc., Northland Securities, Inc., Cadz Securities Inc,, BOK Financial Securities, Celadon Financial Group, LLC, A.G.P./Alliance Global Partners, Midland Securities Ltd, Multi-Bank Securities Inc., First Southern LLC, First Bankers' Banc Securities Inc., FMSbonds, 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.: Norton Rose Fulbright US LLP, Dallas, TX; and State Attorney General.
F.A.: Specialized Public Finance Inc., Dallas, TX.
Other bidders were:
Wells Fargo Corp, TIC 4.35%
Jefferies, TIC 4.3849%
KeyBanc Cap Mkts, TIC 4.3864%
JPMorgan, TIC 4.3899%
Hilltop Securities, TIC 4.4223%
Raymond James, TIC 4.5008%
VIRGINIA
Virginia Beach (City)
Feb 12, 2026 $146,630,000
General Obligation Public Improvement Bonds, Series 2026A (book entry).
Dated Mar 5, 2026.
Due Aug 1, 2026 to 2045.
Callable Aug 1, 2036 at par.
Winning bid: BofA Securities, at 110.7113, TIC 3.235%.
L.O.: Kutak Rock, Richmond, VA.
F.A.: Davenport & Company LLC, Richmond, VA.
Other bidders were:
Morgan Stanley, TIC 3.2487%
Jefferies, TIC 3.2492%
JPMorgan, TIC 3.2567%
Wells Fargo Corp, TIC 3.2615%
Huntington Secs, TIC 3.2647%
Mesirow Financial, TIC 3.2728%
Baird, TIC 3.2752%
KeyBanc Cap Mkts, TIC 3.2861%
TD Financial, TIC 3.3047%
WASHINGTON
Bellingham (City)
Feb 12, 2026 $16,580,000
Limited Tax General Obligation and Refunding Bonds, 2026 (book entry).
Dated Feb 26, 2026.
Due Dec 1, 2026 to 2045.
Callable Dec 1, 2035 at par.
Winning bid: Huntington Secs, at 109.5280, TIC 3.4853%.
L.O.: Pacifica Law Group, Seattle, WA.
F.A.: Piper Sandler & Co, Seattle, WA.
Other bidders were:
UBS Financial Svcs, TIC 3.4994%
KeyBanc Cap Mkts, TIC 3.526%
TD Financial, TIC 3.5402%
UMB Bank, TIC 3.5512%
Baird, TIC 3.5519%
Hilltop Securities, TIC 3.5712%
Raymond James, TIC 3.5998%
StoneX Fin Inc., TIC 3.6418%
WISCONSIN
Markesan School District
Feb 11, 2026 $12,000,000
General Obligation Promissory Notes (book entry).
Dated Mar 5, 2026.
Due Mar 1, 2027 to 2046.
Callable Mar 1, 2034 at par.
Winning bid: StoneX Fin Inc., at 104.0059, TIC 3.4537%.
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: Baird, Milwaukee, WI.
Other bidders were:
Raymond James, TIC 3.4978%
UMB Bank, TIC 3.5004%
Hilltop Securities, TIC 3.52%
Northland Securities, TIC 3.5455%
KeyBanc Cap Mkts, TIC 3.5502%
TD Financial, TIC 3.5763%
BOK Fin Secs, TIC 3.5836%
Huntington Secs, TIC 3.7881%