Market Data
Results of negotiated sales: 05/08/2025

ARIZONA

Kingman (City)

May 6, 2025 $10,205,000

Excise Tax Revenue Obligation, Series 2025 (R) (book entry)

Dated May 22, 2025.

Due Jul 15, 2025 to 2044.

First coupon Jul 15, 2025.

2036-2044 Callable Jul 15, 2035 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Gust Rosenfeld, Phoenix, AZ.

F.A.: Columbia Capital Management, LLC, Phoenix, AZ.


CALIFORNIA

Riverside Unified School District

May 7, 2025 $27,980,000

The Community Facilities District No. 40 Series 2025A Special Tax Bonds (R) (book entry)

Dated May 20, 2025.

Due Sep 1, 2025 to 2055.

First coupon Sep 1, 2025.

2032-2055 Callable Sep 1, 2031 at 103.000%, declining to par Sep 1, 2031.

Purchased through negotiation by Piper Sandler & Co, as follows:

L.O.: Best, Best & Krieger LLP, Riverside, CA.

F.A.: Fieldman, Rolapp & Associates, Irvine, CA.


Mount Diablo Unified School District

May 6, 2025 $137,595,000

General Obligation Bonds, 2018 Election, Series C (G) (book entry) $55,000,000.

Dated May 22, 2025.

Due Aug 1, 2026 to 2042.

First coupon Aug 1, 2025.

2036-2042 Callable Aug 1, 2035 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:


2025 Refunding General Obligation Bonds (G) (book entry) $82,595,000.

Dated May 22, 2025.

Due Aug 1, 2025 to 2035.

First coupon Aug 1, 2025.

Non-callable.

L.O.: Jones Hall, San Francisco, CA.

F.A.: Fieldman, Rolapp & Associates, Irvine, CA.


Fullerton Joint Union High School District

May 6, 2025 $36,895,000

Certificates of Participation (2025 Financing Project) (C) (book entry)

Dated Jun 4, 2025.

Due Sep 1, 2025 to 2044.

First coupon Sep 1, 2025.

2036-2044 Callable Sep 1, 2035 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Stradling, Yocca, Carlson & Rauth, Newport Beach, CA.

F.A.: Fieldman, Rolapp & Associates, Irvine, CA.


Ontario Public Financing Authority

May 6, 2025 $192,435,000

2025A Lease Revenue Bonds (R) (book entry)

Dated May 29, 2025.

Due Nov 1, 2025 to 2055.

First coupon Nov 1, 2025.

2036-2055 Callable Nov 1, 2035 at par.

Purchased through negotiation by Ramirez & Co., Inc., as follows:

L.O.: Stradling, Yocca, Carlson & Rauth, Newport Beach, CA.

F.A.: Urban Futures, Inc., Walnut Creek, CA.


Long Beach (City)

May 6, 2025 $87,620,000

Marina Revenue Refunding Bonds, Series 2025 (Alamitos Bay Marina Project) (R) (book entry)

Dated May 20, 2025.

Due May 15, 2026 to 2045.

First coupon Nov 15, 2025.

2036-2045 Callable May 15, 2035 at par.

Purchased through negotiation by Morgan Stanley & Co., Inc., RBC Capital Markets, Cabrera Capital Markets Inc., as follows:

L.O.: Kutak Rock, Los Angeles, CA.

F.A.: KNN Public Finance, Los Angeles, CA.


COLORADO

Vail Home Partners Corporation

May 7, 2025 $126,035,000

Housing Facilities Revenue Bonds, Series 2025 (R) (book entry)

Dated May 20, 2025. Interest accrues May 20, 2025.

Due Oct 1, 2041 to 2064.

First coupon Oct 1, 2025.

2041-2064 Callable Apr 1, 2035 at par.

Purchased through negotiation by Piper Sandler & Co, as follows:

L.O.: Butler Snow, LLP, Denver, CO.

F.A.: Hilltop Securities Inc., Denver, CO.


Colorado Health Facilities Authority

May 6, 2025 $39,240,000

Improvement Revenue Bonds Second Tier, Series 2025 (Bethesda Project) (R) (book entry)

Dated May 29, 2025. Interest accrues May 29, 2025.

Due Mar 15, 2028 to Sep 15, 2059.

First coupon Sep 15, 2025.

2033-2059 Callable Sep 15, 2032 at 103.000%, declining to par Sep 15, 2032.

Purchased through negotiation by Ziegler Capital Markets Group, as follows:

L.O.: Kutak Rock, Denver, CO.

F.A.: PFM Financial Advisors LLC, New York, NY.


Sojourn at Idlewild Metropolitan District

May 6, 2025 $12,415,000

General Obligation Bonds, Series 2025A (Limited Tax Convertible To Unlimited Tax) (L) (book entry)

Dated May 13, 2025. Interest accrues May 13, 2025.

Due Dec 1, 2032 to 2055.

First coupon Dec 1, 2025.

2032-2055 Callable Jun 1, 2030 at 103.000%, declining to par Jun 1, 2030.

Purchased through negotiation by D.A. Davidson & Co., as follows:

L.O.: Taft Stettinius & Hollister LLP (formerly Sherman & Howard L.L.C, Denver, CO.


Vail (Town)

May 7, 2025 $63,155,000

Certificates of Participation, Series 2025 (C) (book entry)

Dated May 20, 2025.

Due Dec 1, 2040 to 2064.

First coupon Dec 1, 2025.

2040-2064 Callable Jun 1, 2035 at par.

Purchased through negotiation by Piper Sandler & Co, as follows:

L.O.: Butler Snow, LLP, Denver, CO.

F.A.: Hilltop Securities Inc., Denver, CO.


FLORIDA

Palm Beach County School Board

May 7, 2025 $275,425,000

Certificates of Participation, Series 2025A (C) (book entry)

Dated Jun 3, 2025.

Due Aug 1, 2026 to 2032.

First coupon Aug 1, 2025.

Non-callable.

Purchased through negotiation by BofA Securities, Morgan Stanley & Co., Inc., J.P. Morgan Securities LLC, Raymond James & Associates, Inc., RBC Capital Markets, as follows:

L.O.: Greenberg Traurig, P.A., Miami, FL.

F.A.: PFM Financial Advisors LLC, Orlando, FL.


INDIANA

Indianapolis Local Public Improvement Bond Bank

May 6, 2025 $283,260,000

Bonds, Series 2025B-1 (Indianapolis Airport Authority Project) (R) (book entry) $157,655,000.

Dated May 21, 2025.

Due Jan 1, 2031 to 2055.

First coupon Jan 1, 2026.

2036-2055 Callable Jan 1, 2035 at par.

Purchased through negotiation by Barclays Capital, Siebert Williams Shank & Co., L.L.C, Cabrera Capital Markets Inc., Piper Sandler & Co, as follows:


Bonds, Series 2025B-2 (AMT) (Indianapolis Airport Authority Project) (R) (book entry) (AMT) $125,605,000.

Dated May 21, 2025.

Due Jan 1, 2028 to 2055.

First coupon Jan 1, 2026.

2036-2055 Callable Jan 1, 2035 at par.

L.O.: Ice Miller, Indianapolis, IN.

F.A.: Sycamore Advisors, LLC, Indianapolis, IN.


KANSAS

Washburn University of Topeka

May 6, 2025 $19,435,000

Revenue Bonds, Series 2025A (R) (book entry) $14,995,000.

Dated May 20, 2025.

Due Jul 1, 2026 to 2050.

First coupon Jul 1, 2025.

2036-2050 Callable Jul 1, 2035 at par.

Purchased through negotiation by Raymond James & Associates, Inc., as follows:


Refunding Revenue Bonds, Series 2025B (R) (book entry) $4,440,000.

Dated May 20, 2025.

Due Jul 1, 2031 to 2035.

First coupon Jul 1, 2025.

Non-callable.

L.O.: Gilmore & Bell, Wichita, KS.

F.A.: Hilltop Securities Inc., Charlotte, NC.


KENTUCKY

Kentucky Housing Corporation

May 6, 2025 $60,000,000

Single Family Mortgage Revenue Bonds, 2025 Series C (R) (book entry)

Dated Jun 4, 2025.

Due Jul 1, 2026 to 2055.

First coupon Jan 1, 2026.

2034-2055 Callable Jul 1, 2033 at par, 2055-2055 Callable Jul 1, 2033 at 101.368%, declining to par Jul 1, 2033.

Purchased through negotiation by BofA Securities, Raymond James & Associates, Inc., Wells Fargo Corporate & Investment Banking, Baird, FHN Financial Capital Markets, First Kentucky Securities Corp., Huntington Securities, Inc., PNC Capital Markets, Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Kutak Rock, Washington, DC.

F.A.: Caine, Mitter & Associates, New York, NY.


Kentucky Housing Corporation

May 6, 2025 $60,000,000

Single Family Mortgage Revenue Bonds, 2025 Series C (R) (book entry)

Dated Jun 4, 2025.

Due Jul 1, 2026 to 2055.

First coupon Jan 1, 2026.

2034-2055 Callable Jul 1, 2033 at par, 2055-2055 Callable Jul 1, 2033 at 101.368%, declining to par Jul 1, 2033.

Purchased through negotiation by BofA Securities, Raymond James & Associates, Inc., Wells Fargo Corporate & Investment Banking, Baird, FHN Financial Capital Markets, First Kentucky Securities Corp., Huntington Securities, Inc., PNC Capital Markets, Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Kutak Rock, Washington, DC.

F.A.: Caine, Mitter & Associates, New York, NY.


MAINE

Regional School Unit No.114 (Windham & Raymond, Maine)

May 6, 2025 $100,700,000

2025 General Obligation Bonds (G) (book entry)

Dated May 13, 2025.

Due Nov 1, 2026 to 2045.

First coupon Nov 1, 2025.

2035-2045 Callable May 1, 2035 at par.

Purchased through negotiation by Raymond James & Associates, Inc., as follows:

L.O.: Drummond Woodsum & McMahon, Portland, ME.

F.A.: Moors & Cabot, Inc., Boston, MA.


MICHIGAN

Kentwood Public Schools

May 7, 2025 $26,500,000

2025 School Building and Site Bonds, Series III (General Obligation) (G) (book entry)

Dated May 28, 2025.

Due May 1, 2035 to 2053.

First coupon Nov 1, 2025.

2036-2053 Callable May 1, 2035 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., Huntington Securities, Inc., as follows:

L.O.: Thrun Law Firm, P.C., Grand Rapids, MI.

F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.


Oscoda Area School District

May 7, 2025 $7,720,000

2025 School Building and Site Bonds, Series 22 (General Obligation) (G) (bank qualified) (book entry)

Dated May 29, 2025.

Due May 1, 2028 to 2052.

First coupon Nov 1, 2025.

2036-2052 Callable May 1, 2035 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Thrun Law Firm, P.C., East Lansing, MI.

F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.


MISSOURI

Missouri Health and Educational Facilities Authority

May 6, 2025 $21,340,000

Educational Facilities Revenue Bonds, Series 2025A (Maryville University of Saint Louis Project) (R) (book entry)

Dated May 21, 2025.

Due Jun 15, 2032 to 2047.

First coupon Dec 15, 2025.

2036-2047 Callable Jun 15, 2035 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Dentons US LLP, St Louis, MO.

F.A.: Columbia Capital Management, LLC, Overland Park, KS.


NEW HAMPSHIRE

New Hampshire Housing Finance Authority

May 7, 2025 $60,000,000

Single Family Mortgage Acquisition Revenue Bonds, 2025 Series C (Social Bonds) (R) (book entry)

Dated May 27, 2025.

Due Jan 1, 2031 to Jul 1, 2056.

First coupon Jan 1, 2026.

2034-2056 Callable Jul 1, 2033 at par.

Purchased through negotiation by BofA Securities, RBC Capital Markets, Morgan Stanley & Co., Inc., as follows:

L.O.: McCarter & English, LLP, Boston, MA.

F.A.: Caine, Mitter & Associates, New York, NY.


OHIO

Fayette County

May 6, 2025 $87,315,000

Hospital Facilities Improvement Revenue Bonds, Series 2025 (Adena Health System Obligated Group Project) (R) (book entry)

Dated May 20, 2025. Interest accrues May 20, 2025.

Due Dec 1, 2028 to 2054.

First coupon Dec 1, 2025.

2035-2054 Callable Dec 1, 2034 at par.

Purchased through negotiation by KeyBanc Capital Markets, as follows:

L.O.: Dinsmore & Shohl LLP, Columbus, OH.


OKLAHOMA

Oklahoma Capitol Improvement Authority

May 6, 2025 $259,150,000

State Highways Capital Improvement Revenue Bonds, Series 2025A

(Oklahoma Department of Transportation Project) (R) (book entry)

Dated May 22, 2025.

Due Jul 1, 2026 to 2055.

First coupon Jan 1, 2026.

2036-2055 Callable Jul 1, 2035 at par.

Purchased through negotiation by Goldman, Sachs & Co., Jefferies LLC, Stifel, Nicolaus & Co., Inc., BOK Financial Securities, as follows:

L.O.: The Public Finance Law Group PLLC, Oklahoma City, OK; and State Attorney General.

F.A.: Hilltop Securities Inc., Charlotte, NC.


Oklahoma Agricultural and Mechanical Colleges Board of Regents

May 6, 2025 $11,615,000

General Revenue and Refunding Bonds, Series 2025A (R) (book entry)

Dated May 28, 2025.

Due Sep 1, 2026 to 2055.

First coupon Sep 1, 2025.

2036-2055 Callable Sep 1, 2035 at par.

Purchased through negotiation by Goldman, Sachs & Co., as follows:

L.O.: The Public Finance Law Group PLLC, Oklahoma City, OK; and State Attorney General.

F.A.: Hilltop Securities Inc., Charlotte, NC.


PENNSYLVANIA

Slippery Rock Area School District

May 6, 2025 $7,115,000

General Obligation Bonds, Series of 2025 (Limited Tax) (L) (bank qualified) (book entry)

Dated Jun 10, 2025.

Due Oct 1, 2025 to 2049.

First coupon Oct 1, 2025.

2031-2049 Callable Oct 1, 2030 at par.

Purchased through negotiation by PNC Capital Markets, as follows:

L.O.: Dinsmore & Shohl LLP, Pittsburgh, PA.


Economy Borough Municipal Authority

May 7, 2025 $2,400,000

Sewer Revenue Bonds, Series of 2025 (R) (bank qualified) (book entry)

Dated May 27, 2025.

Due Dec 15, 2031 to 2032.

First coupon Dec 15, 2025.

2031-2032 Callable Dec 15, 2030 at par.

Purchased through negotiation by Piper Sandler & Co, as follows:

L.O.: Dinsmore & Shohl LLP, Pittsburgh, PA.


TEXAS

Boyd (City)

May 6, 2025 $10,486,000

Special Assessment Revenue Bonds, Series 2025

(City of Boyd, Texas Public Improvement District No. 1 Improvement Area No.2 Project and Improvement Area No.3 Project)

(N) (book entry)

Dated May 29, 2025.

Due Sep 15, 2025 to 2055.

First coupon Sep 15, 2025.

2034-2055 Callable Sep 15, 2033 at par.

Purchased through negotiation by FMSbonds, Inc., as follows:

L.O.: Norton Rose Fulbright US LLP, Dallas, TX; and State Attorney General.

F.A.: Hilltop Securities Inc., Dallas, TX.


Portland (City)

May 6, 2025 $9,380,000

General Obligation Refunding Bonds, Series 2025 (L) (book entry)

Dated May 1, 2025. Interest accrues May 29, 2025.

Due Aug 15, 2026 to 2038.

First coupon Feb 15, 2026.

2035-2038 Callable Aug 15, 2034 at par.

Purchased through negotiation by Raymond James & Associates, Inc., Baird, as follows:

L.O.: McCall Parkhurst & Horton, San Antonio, TX; and State Attorney General.

F.A.: Specialized Public Finance Inc., Corpus Christi, TX.


Arlington Higher Education Finance Corporation

May 6, 2025 $37,735,000

Education Revenue Bonds, Series 2025C (Uplift Education) (Permanent School Fund Guarantee Program) (R) (book entry)

Dated Jun 10, 2025. Interest accrues Jun 10, 2025.

Due Dec 1, 2027 to 2050.

First coupon Dec 1, 2025.

2035-2050 Callable Dec 1, 2034 at par.

Purchased through negotiation by Baird, as follows:

L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.

F.A.: Buck Financial Advisors, Englewood, CO.


Liberty Hill Independent School District

May 7, 2025 $122,685,000

School Building Bonds, Series 2025 (Permanent School Fund Guarantee Program) (G) (book entry)

Dated May 15, 2025. Interest accrues May 15, 2025.

Due Feb 1, 2026 to 2058.

First coupon Aug 1, 2025.

2036-2058 Callable Feb 1, 2035 at par.

Purchased through negotiation by Piper Sandler & Co, Baird, BOK Financial Securities, as follows:

L.O.: McCall Parkhurst & Horton, San Antonio, TX; and State Attorney General.

F.A.: SAMCO Capital Markets, San Antonio, TX.


Brady Independent School District

May 6, 2025 $7,970,000

Refunding Bonds, Series 2025 (Permanent School Fund Guarantee Program) (G) (bank qualified) (book entry)

Dated May 15, 2025. Interest accrues May 27, 2025.

Due Aug 15, 2026 to 2032.

First coupon Aug 15, 2025.

Non-callable.

Purchased through negotiation by FHN Financial Capital Markets, as follows:

L.O.: Walsh Gallegos Kyle Robinson & Roalson P.C.,, San Antonio, TX; Cantu Harden Montoya LLP, San Antonio, TX; and State Attorney General.

F.A.: Live Oak Public Finance, LLC, Austin, TX.


Royse City Independent School District

May 6, 2025 $42,230,000

Refunding Bonds, Series 2025 (Permanent School Fund Guarantee Program) (G) (book entry) $29,005,000.

Dated May 15, 2025. Interest accrues Jun 3, 2025.

Due Feb 15, 2033 to 2037.

First coupon Aug 15, 2025.

2036-2037 Callable Aug 15, 2035 at par.

Purchased through negotiation by FHN Financial Capital Markets, BOK Financial Securities, as follows:


Capital Appreciation Refunding Bonds, Series 2025 (Permanent School Fund Guarantee Program) (Maturity Value) (G) (book entry) $13,225,000.

Dated May 15, 2025. Interest accrues Jun 3, 2025.

Due Aug 15, 2025 to Feb 15, 2032.

Non-callable.

L.O.: Orrick, Herrington & Sutcliffe, Austin, TX; and State Attorney General.

F.A.: Hilltop Securities Inc., Dallas, TX.


Portland (City)

May 6, 2025 $22,515,000

Combination Tax and Limited Pledged Revenue Certificates of Obligation, Series 2025 (L) (book entry)

Dated May 1, 2025. Interest accrues May 29, 2025.

Due Aug 15, 2026 to 2050.

First coupon Feb 15, 2026.

2035-2050 Callable Aug 15, 2034 at par.

Purchased through negotiation by Raymond James & Associates, Inc., Baird, as follows:

L.O.: McCall Parkhurst & Horton, San Antonio, TX; and State Attorney General.

F.A.: Specialized Public Finance Inc., Corpus Christi, TX.


Texas Department of Housing and Community Affairs

May 6, 2025 $187,500,000

Residential Mortgage Revenue and Refunding Bonds, Series 2025B (R) (book entry)

Dated Jun 10, 2025.

Due Jul 1, 2026 to Jan 1, 2056.

First coupon Jan 1, 2026.

2034-2056 Callable Jul 1, 2033 at par.

Purchased through negotiation by RBC Capital Markets, Jefferies LLC, Morgan Stanley & Co., Inc., J.P. Morgan Securities Inc., Loop Capital Markets, LLC, Piper Sandler & Co, Ramirez & Co., Inc., Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Bracewell LLP, Dallas, TX; and State Attorney General.

F.A.: CSG Advisors Inc., Atlanta, GA.


UTAH

Lehi (City)

May 6, 2025 $16,255,000

Franchise and Sales Tax Revenue Bonds, Series 2025 (Broadband Project) (R) (book entry)

Dated May 28, 2025.

Due Feb 1, 2031 to 2055.

First coupon Aug 1, 2025.

2035-2055 Callable Feb 1, 2034 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Gilmore & Bell, Salt Lake City, UT.

F.A.: LRB Public Finance Advisors, Inc., Salt Lake, UT.


WISCONSIN

Mukwonago Area School District

May 6, 2025 $82,100,000

General Obligation Promissory Notes (G) (book entry)

Dated May 28, 2025. Interest accrues May 28, 2025.

Due Apr 1, 2026 to 2045.

First coupon Apr 1, 2026.

2035-2045 Callable Apr 1, 2034 at par.

Purchased through negotiation by Baird, as follows:

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


WEST VIRGINIA

West Virginia Economic Development Authority

May 6, 2025 $150,000,000

Solid Waste Disposal Facilities Revenue Bonds, (Commercial Metals Company Project) Series 2025 (Mandatory Tender Date: 05/15/2032) (R) (book entry) (AMT)

Dated May 15, 2025.

Due Apr 15, 2055.

First coupon Oct 15, 2025.

2055-2055 Callable May 15, 2030 at 102.000%, declining to par May 15, 2030.

Purchased through negotiation by Wells Fargo Corporate & Investment Banking, Truist Securities, Inc., BofA Securities, PNC Capital Markets, BMO Capital Markets GKST, Inc, Fifth Third Securities, Inc., U.S. Bancorp Investments, Inc., as follows:

L.O.: Ballard Spahr LLP, Phoenix, AZ.


TAXABLE ISSUES


INDIANA

Indianapolis Local Public Improvement Bond Bank

May 6, 2025 $10,365,000

Bonds, Series 2025B (Indianapolis Airport Authority Project) 2025B-3 (R) (book entry) (Taxable)

Dated May 21, 2025.

Due Jan 1, 2027 to 2045.

First coupon Jan 1, 2026.

2036-2045 Callable Jan 1, 2035 at par.

Purchased through negotiation by Barclays Capital, Siebert Williams Shank & Co., L.L.C, Cabrera Capital Markets, LLC, Piper Sandler & Co, as follows:

L.O.: Ice Miller, Indianapolis, IN.

F.A.: Sycamore Advisors, LLC, Indianapolis, IN.


NEW HAMPSHIRE

New Hampshire Housing Finance Authority

May 7, 2025 $40,000,000

Single Family Mortgage Acquistion Revenue Bonds, 2025 Series D (Social Bonds) (R) (book entry) (Taxable)

Dated May 27, 2025.

Due Jul 1, 2026 to Jan 1, 2050.

First coupon Jan 1, 2026.

2034-2050 Callable Jul 1, 2033 at par.

Purchased through negotiation by BofA Securities, RBC Capital Markets, Morgan Stanley & Co., Inc., as follows:

L.O.: McCarter & English, LLP, Boston, MA.

F.A.: Caine, Mitter & Associates, New York, NY.


OKLAHOMA

Oklahoma Agricultural and Mechanical Colleges Board of Regents

May 6, 2025 $7,390,000

General Revenue Bonds, Series 2025B (Oklahoma State University) (R) (book entry) (Taxable)

Dated May 28, 2025.

Due Sep 1, 2026 to 2055.

First coupon Sep 1, 2025.

2036-2055 Callable Sep 1, 2035 at par.

Purchased through negotiation by Goldman, Sachs & Co., as follows:

L.O.: The Public Finance Law Group PLLC, Oklahoma City, OK; and State Attorney General.

F.A.: Hilltop Securities Inc., Charlotte, NC.