Market Data
Results of negotiated sales: 05/22/2025

ALABAMA

Guin (City)

May 20, 2025 $5,225,000

General Obligation Warrants, Series 2025-B (D) (bank qualified) (book entry) $3,120,000.

Dated Jun 4, 2025. Interest accrues Jun 4, 2025.

Due Jun 1, 2033 to 2040.

First coupon Dec 1, 2025.

2035-2040 Callable Jun 1, 2034 at par.

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


Prattville (City)

May 21, 2025 $14,830,000

General Obligation Warrants, Series 2025 (G) (book entry)

Dated Jun 18, 2025. Interest accrues Jun 18, 2025.

Due Feb 1, 2026 to 2055.

First coupon Feb 1, 2026.

2036-2055 Callable Feb 1, 2035 at par.

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

L.O.: Maynard Nexsen PC, Birmingham, AL.

F.A.: Rice Advisory, LLC, Montgomery, AL.


ARIZONA

Phoenix Civic Improvement Corporation

May 20, 2025 $84,635,000

Junior Lien Airport Revenue Refunding Bonds, Series 2025 (R) (book entry)

Dated Jun 11, 2025. Interest accrues Jun 11, 2025.

Due Jul 1, 2026 to 2045.

First coupon Jan 1, 2026.

2036-2045 Callable Jul 1, 2035 at par.

Purchased through negotiation by Siebert Williams Shank & Co., L.L.C, RBC Capital Markets, Cabrera Capital Markets, LLC, Stern Brothers & Co., Mischler Financial Group, Inc., as follows:

L.O.: Greenberg Traurig, LLP, Phoenix, AZ.

F.A.: Frasca & Associates, L.L.C., New York, NY.


CALIFORNIA

Burton School District

May 20, 2025 $3,600,000

General Obligation Bonds, Election of 2024, Series A (G) (bank qualified) (book entry)

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

Due Aug 1, 2027 to 2055.

First coupon Aug 1, 2025.

2035-2055 Callable Aug 1, 2033 at par.

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

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

F.A.: Isom Advisors Inc., Walnut Creek, CA.


Community Facilities District No. 2023-1 of the Moreno Valley Unified School District

May 21, 2025 $8,535,000

Series 2025 Special Tax Bonds (R) (book entry)

Dated Jun 5, 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.: Stradling, Yocca, Carlson & Rauth, San Francisco, CA.

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


Petaluma City Elementary School District

May 20, 2025 $23,200,000

General Obligation Bonds, Election of 2024, 2025 Series A (G) (book entry) $23,030,000.

Dated Jun 4, 2025. Interest accrues Jun 4, 2025.

Due Aug 1, 2026 to 2054.

First coupon Aug 1, 2025.

2036-2054 Callable Aug 1, 2035 at par.

Purchased through negotiation by Baird, as follows:

L.O.: Dannis Woliver Kelley, Long Beach, CA.

F.A.: Isom Advisors Inc., Walnut Creek, CA.


Petaluma Joint Union High School District

May 20, 2025 $52,800,000

General Obligation Bonds, Election of 2024, 2025 Series A (G) (book entry) $51,150,000.

Dated Jun 4, 2025. Interest accrues Jun 4, 2025.

Due Aug 1, 2026 to 2054.

First coupon Aug 1, 2025.

2036-2054 Callable Aug 1, 2035 at par.

Purchased through negotiation by Baird, as follows:

L.O.: Dannis Woliver Kelley, Long Beach, CA.

F.A.: Isom Advisors Inc., Walnut Creek, CA.


San Benito County Water District Financing Authority

May 20, 2025 $37,030,000

2025 Water Revenue Bonds (R) (book entry)

Dated Jun 3, 2025.

Due Oct 1, 2026 to 2045.

First coupon Oct 1, 2025.

2036-2045 Callable Oct 1, 2035 at par.

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

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

F.A.: NHA Advisors, San Rafael, CA.


Duarte Unified School District

May 20, 2025 $9,995,000

Election of 2020 General Obligation Bonds, Series C (G) (book entry)

Dated Jun 11, 2025.

Due Aug 1, 2026 to 2049.

First coupon Feb 1, 2026.

2036-2049 Callable Aug 1, 2035 at par.

Purchased through negotiation by BofA Securities, as follows:

L.O.: Stradling, Yocca, Carlson & Rauth, San Francisco, CA.

F.A.: Piper Sandler & Co, El Segundo, CA.


COLORADO

Adams County Fire Protection District

May 20, 2025 $7,805,000

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

Dated Jun 4, 2025. Interest accrues Jun 4, 2025.

Due Dec 1, 2026 to 2055.

First coupon Dec 1, 2025.

2036-2055 Callable Dec 1, 2035 at par.

Purchased through negotiation by UMB Bank, N.A., as follows:

L.O.: Kline Alvarado Veio, P.C., Denver, CO.


Adams and Arapahoe Counties Joint School District #28J-Aurora

May 20, 2025 $450,000,000

General Obligation Bonds, Series 2025 (Colorado State Intercept Program) (G) (book entry)

Dated Jun 4, 2025.

Due Dec 1, 2025 to 2047.

First coupon Dec 1, 2025.

2036-2047 Callable Dec 1, 2035 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., Piper Sandler & Co, RBC Capital Markets, Loop Capital Markets, LLC, as follows:

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

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


FLORIDA

Osceola County School District

May 20, 2025 $109,185,000

Capital Outlay Sales Tax Revenue Bonds, Series 2025 (R) (book entry)

Dated Jun 5, 2025.

Due Oct 1, 2026 to 2036.

First coupon Oct 1, 2025.

2035-2036 Callable Oct 1, 2034 at par.

Purchased through negotiation by Raymond James & Associates, Inc., BofA Securities, Jefferies LLC, as follows:

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

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


Florida Housing Finance Corporation

May 21, 2025 $140,000,000

Homeowner Mortgage Revenue Bonds, 2025 Series 3 (R) (book entry)

Dated Jun 12, 2025.

Due Jan 1, 2027 to Jul 1, 2056.

First coupon Jan 1, 2026.

2034-2056 Callable Jul 1, 2033 at par.

Purchased through negotiation by RBC Capital Markets, BofA Securities, Morgan Stanley & Co., Inc., Raymond James & Associates, Inc., Stifel, Nicolaus & Co., Inc., Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Kutak Rock, Atlanta, GA.

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


GEORGIA

Charlton County School District

May 20, 2025 $16,500,000

General Obligation Bonds, Series 2025 (Georgia State Aid Intercept Program) (G) (book entry)

Dated Jun 11, 2025.

Due Apr 1, 2026 to 2043.

First coupon Oct 1, 2025.

2036-2043 Callable Apr 1, 2035 at par.

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

L.O.: Butler Snow, LLP, Atlanta, GA.


ILLINOIS

Chicago (City)

May 20, 2025 $38,440,000

Senior Special Facilities Revenue Bonds, Series 2025 (Transportation Infrastructure Properties, LLC ("TrIPS") Obligated Group) (Chicago O'Hare International Airport) (R) (book entry) (AMT)

Dated Jun 5, 2025.

Due Jul 1, 2036 to 2041.

First coupon Jan 1, 2026.

2036-2041 Callable Jul 1, 2035 at par.

Purchased through negotiation by J.P. Morgan Securities LLC, Goldman, Sachs & Co., Loop Capital Markets, LLC, as follows:

L.O.: Mayer Brown LLP, Chicago, IL; and Chico and Nunes, P.C., Chicago, IL.


INDIANA

Hamilton Southeastern Consolidated School Building Corporation

May 20, 2025 $31,905,000

Ad Valorem Property Tax First Mortgage Bonds, Series 2025 A (Fall Creek Intermediate) (Indiana State Aid Intercept Program) (R) (book entry)

Dated Jun 20, 2025.

Due Jan 15, 2027 to 2045.

First coupon Jul 15, 2026.

2036-2045 Callable Jul 15, 2035 at par.

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

L.O.: Barnes & Thornburg LLP, Indianapolis, IN.


KANSAS

Wamego (City)

May 20, 2025 $5,245,000

General Obligation Bonds, Series 2025 (G) (book entry)

Dated Jun 10, 2025.

Due Sep 1, 2036 to 2045.

First coupon Mar 1, 2026.

2036-2045 Callable Sep 1, 2035 at par.

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

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


MARYLAND

Maryland Community Development Administration Department of Housing and Community Development

May 20, 2025 $45,000,000

Residential Revenue Bonds, 2025 Series C (Social Bonds) (R) (book entry)

Dated Jun 18, 2025.

Due Sep 1, 2026 to Mar 1, 2056.

First coupon Sep 1, 2025.

2034-2056 Callable Sep 1, 2033 at par.

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

L.O.: Ballard Spahr LLP, Washington, DC.

F.A.: Caine, Mitter & Associates, New York, NY; and People First Financial Advisors, Landover, MD.


MICHIGAN

East Lansing School District

May 21, 2025 $30,300,000

2025 Building & Site, Series II & Refunding Bonds (General Obligation) (G) (book entry)

Dated Jun 18, 2025.

Due May 1, 2026 to 2033.

First coupon Nov 1, 2025.

Non-callable.

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

Adrian R-III School District

May 20, 2025 $6,700,000

General Obligation School Building Bonds, Series 2025 (Missouri Direct Deposit Program) (G) (bank qualified) (book entry)

Dated Jun 9, 2025.

Due Mar 1, 2027 to 2045.

First coupon Mar 1, 2026.

2035-2045 Callable Mar 1, 2034 at par.

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

L.O.: Gilmore & Bell, Kansas City, MO.


Adair County R-I School District

May 19, 2025 $1,200,000

General Obligation Bonds, Series 2025A (Missouri Direct Deposit Program) (G) (bank qualified) (book entry)

Dated Jun 4, 2025. Interest accrues Jun 4, 2025.

Due Mar 1, 2037 to 2045.

First coupon Mar 1, 2026.

2037-2045 Callable Mar 1, 2030 at par.

Purchased through negotiation by L.J. Hart & Company, as follows:

L.O.: Lathrop GPM, Clayton, MO.


MONTANA

Kalispell (City)

May 20, 2025 $50,880,000

Revenue and Refunding Bonds, Series 2025A (Immanuel Living at Buffalo Hill Project) (R) (book entry) $34,395,000.

Dated Jun 4, 2025. Interest accrues Jun 4, 2025.

Due May 15, 2031 to 2060.

First coupon Nov 1, 2025.

2033-2060 Callable May 15, 2032 at 103.000%, declining to par May 15, 2032.

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


Revenue and Refunding Bonds, Series 2025B-1 (Immanuel Living at Buffalo Hill Project) Tax Exempt Mandatory Paydown Securities (TEMPS-85) (R) (book entry) $6,775,000.

Dated Jun 4, 2025. Interest accrues Jun 4, 2025.

Due May 15, 2031.

First coupon Nov 15, 2025.

2031-2031 Callable Nov 15, 2026 at par.


Revenue and Refunding Bonds, Series 2025B-2 (Immanuel Living at Buffalo Hill Project) Tax Exempt Mandatory Paydown Securities (TEMPS-50) (R) (book entry) $9,200,000.

Dated Jun 4, 2025. Interest accrues Jun 4, 2025.

Due May 15, 2030.

First coupon Nov 15, 2025.

2030-2030 Callable Nov 15, 2026 at par.

L.O.: Ballard Spahr LLP, Minneapolis, MN.


NORTH CAROLINA

North Carolina Housing Finance Agency

May 21, 2025 $92,445,000

Home Ownership Revenue Bonds, Series 58-A (R) (book entry)

Dated Jun 26, 2025.

Due Jan 1, 2031 to 2056.

First coupon Jan 1, 2026.

2034-2056 Callable Jul 1, 2033 at par.

Purchased through negotiation by RBC Capital Markets, BofA Securities, Wells Fargo Corporate & Investment Banking, Morgan Stanley & Co., Inc., Raymond James & Associates, Inc., as follows:

L.O.: Womble Bond Dickinson LLP, Raleigh, NC.

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


NEBRASKA

Fairmont Rural Fire Protection District

May 21, 2025 $500,000

Fire Safety Bonds, Series 2025 (L) (bank qualified) (book entry)

Dated Jun 11, 2025. Interest accrues Jun 11, 2025.

Due Jun 15, 2026 to 2035.

First coupon Dec 15, 2025.

2030-2035 Callable Jun 11, 2030 at par.

Purchased through negotiation by Northland Securities, Inc., as follows:

L.O.: Kutak Rock, Omaha, NE.


NEW JERSEY

New Jersey Educational Facilities Authority

May 20, 2025 $705,710,000

Princeton University Revenue Refunding Bonds, 2025 Series A (Mandatory Put Date: 07/01/2031, 07/01/2035) (R) (book entry) $594,830,000.

Dated May 29, 2025.

Due Jul 1, 2064.

First coupon Jan 1, 2026.

2064-2064 Callable Jan 1, 2031 at par, 2064-2064 Callable Jan 1, 2035 at par.

Purchased through negotiation by Morgan Stanley & Co., Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, TD Securities, as follows:


Princeton University Revenue Refunding Bonds, 2025 Series A (Mandatory Put Date: 07/01/2031, 07/01/2035) (R) (book entry) $594,830,000.

Dated May 29, 2025.

Due Jul 1, 2064.

First coupon Jan 1, 2026.

2064-2064 Callable Jan 1, 2031 at par, 2064-2064 Callable Jan 1, 2035 at par.

Purchased through negotiation by Morgan Stanley & Co., Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, TD Securities, as follows:

L.O.: McManimon Scotland & Baumann, Roseland, NJ.

F.A.: Hilltop Securities Inc., New York, NY; and The Yuba Group, LLC, New York, NY.


New Jersey Educational Facilities Authority

May 20, 2025 $705,710,000

Princeton University Revenue Bonds, 2025 Series B (R) (book entry) $110,880,000.

Dated May 29, 2025.

Due Jul 1, 2026 to 2035.

First coupon Jan 1, 2026.

Non-callable.


General Improvement Refunding Bonds, Series 2025 (G) (book entry) $12,545,000.

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

Due Jul 1, 2025 to 2034.

First coupon Jul 1, 2025.

2064-2064 Callable Jan 1, 2031 at par, 2064-2064 Callable Jan 1, 2035 at par.

Purchased through negotiation by Morgan Stanley & Co., Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, TD Securities, as follows:

L.O.: McManimon Scotland & Baumann, Roseland, NJ.

F.A.: Hilltop Securities Inc., New York, NY; and The Yuba Group, LLC, New York, NY.


OHIO

Cleveland Municipal School District

May 20, 2025 $75,000,000

General Obligation School Improvement Bonds, Series 2025 (Ohio School District Credit Enhancement Insured) (G) (book entry)

Dated Jun 10, 2025.

Due Dec 1, 2025 to 2052.

First coupon Dec 1, 2025.

2035-2052 Callable Jun 1, 2035 at par.

Purchased through negotiation by RBC Capital Markets, as follows:

L.O.: Squire Patton Boggs (US) LLP, Cleveland, OH.

F.A.: Baker Tilly Municipal Advisors, LLC, Columbus, OH.


OREGON

Forest Grove School District No. 15

May 21, 2025 $31,900,000

General Obligation Bonds, Series 2025 (Oregon School Bond Guaranty Act) (G) (book entry)

Dated Jun 3, 2025.

Due Jun 15, 2026 to 2043.

First coupon Dec 15, 2025.

2036-2043 Callable Jun 15, 2035 at par.

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

L.O.: Hawkins, Delafield & Wood, Portland, OR.


Oregon Facilities Authority

May 20, 2025 $95,100,000

Revenue and Refunding Bonds, 2025 Series A (University of Portland Projects) (R) (book entry) $92,750,000.

Dated Jun 5, 2025.

Due Apr 1, 2032 to 2055.

First coupon Oct 1, 2025.

2036-2055 Callable Apr 1, 2035 at par.

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

L.O.: Orrick, Herrington & Sutcliffe, Portland, OR.

F.A.: Sperry Capital Inc., San Francisco, CA.


PENNSYLVANIA

Pleasant Valley School District

May 20, 2025 $38,235,000

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

Dated Jun 18, 2025.

Due May 1, 2026 to 2045.

First coupon Nov 1, 2025.

2034-2045 Callable May 1, 2033 at par.

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

L.O.: Fox Rothschild LLP, Blue Bell, PA.

F.A.: PFM Financial Advisors LLC, Harrisburg, PA.


Carlisle Area School District

May 21, 2025 $14,995,000

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

Dated Jun 25, 2025.

Due Sep 1, 2026 to 2055.

First coupon Sep 1, 2025.

2033-2055 Callable Mar 1, 2033 at par.

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

L.O.: Saxton & Stump, LLC, Lancaster, PA.

F.A.: PFM Financial Advisors LLC, Harrisburg, PA.


RHODE ISLAND

Bristol-Warren Regional School District

May 20, 2025 $90,000,000

General Obligation Bond Anticipation Notes, 2025 Series 1 (G) (book entry)

Dated Jun 5, 2025.

Due Jun 4, 2026.

First coupon Jun 4, 2026.

Non-callable.

Purchased through negotiation by J.P. Morgan Securities LLC, Ramirez & Co., Inc., as follows:

L.O.: Mack Law Associates LLC, Providence, RI.

F.A.: PFM Financial Advisors LLC, Providence, RI.


SOUTH DAKOTA

Brandon Valley School District No. 49-2

May 20, 2025 $7,135,000

Limited Tax Capital Outlay Certificates, Series 2025 (State of South Dakota Credit Enhancement Insured) (L) (bank qualified) (book entry)

Dated Jun 4, 2025. Interest accrues Jun 4, 2025.

Due Aug 1, 2026 to 2033.

First coupon Feb 1, 2026.

2031-2033 Callable Aug 1, 2030 at par.

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


TEXAS

College Station Independent School District

May 20, 2025 $189,820,000

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

Dated Jun 1, 2025. Interest accrues Jun 18, 2025.

Due Aug 15, 2026 to 2050.

First coupon Aug 15, 2025.

2035-2050 Callable Aug 15, 2034 at par.

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

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

F.A.: Hilltop Securities Inc., San Antonio, TX.


Trinity River Authority of Texas

May 20, 2025 $15,085,000

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

Dated Jun 1, 2025. Interest accrues Jun 17, 2025.

Due Feb 1, 2027 to 2045.

First coupon Aug 1, 2025.

2036-2045 Callable Feb 1, 2035 at par.

Purchased through negotiation by Cabrera Capital Markets, LLC, Truist Securities, Inc., as follows:

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

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


Splendora Independent School District

May 21, 2025 $50,000,000

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

Dated Jun 1, 2025. Interest accrues Jun 18, 2025.

Due Feb 15, 2027 to 2055.

First coupon Aug 15, 2025.

2036-2055 Callable Feb 15, 2035 at par.

Purchased through negotiation by Texas Capital Bank, N.A., Huntington Securities, Inc., UMB Bank, N.A.., as follows:

L.O.: Orrick, Herrignton & Sutcliffe, Houston, TX; and State Attorney General.

F.A.: Frost Bank, San Antonio, TX.


Sweetwater Independent School District

May 20, 2025 $9,465,000

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

Dated Jun 1, 2025. Interest accrues Jun 5, 2025.

Due Aug 15, 2025 to Feb 15, 2053.

First coupon Aug 15, 2025.

2036-2053 Callable Feb 15, 2035 at par.

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

L.O.: Leon Alcala, PLLC, Austin, TX; and State Attorney General.

F.A.: Government Capital Securities Corporation, Southlake, TX.


VIRGIN ISLANDS

Virgin Islands Transportation and Infrastructure Corporation

May 20, 2025 $150,155,000

Grant Anticipation Revenue Bonds, Series 2025 (Federal Highway Grant Anticipation Revenue Loan Note) (R) (book entry)

Dated Jun 5, 2025.

Due Sep 1, 2025 to 2044.

First coupon Sep 1, 2025.

2036-2044 Callable Sep 1, 2035 at par.

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

L.O.: Duane Morris, LLP, Atlanta, GA.

F.A.: Fiscal Strategies Group, Inc., Swarthmore, PA.


WASHINGTON

Port Angeles School District No. 121

May 20, 2025 $29,265,000

General Obligation Bonds, 2025 (Washington State School District Credit Enhancement Program) (G) (book entry)

Dated Jun 5, 2025. Interest accrues Jun 5, 2025.

Due Dec 1, 2026 to 2044.

First coupon Dec 1, 2025.

2035-2044 Callable Jun 1, 2035 at par.

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


WISCONSIN

Public Finance Authority

May 21, 2025 $29,004,792

Capital Appreciation Revenue Anticipation Bonds, Series 2025 (Northspur Project) (Texas Infrastructure Program) (R) (book entry)

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

Due Dec 15, 2032.

2032-2032 Callable Jun 1, 2027 at par.

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

L.O.: Orrick, Herrignton & Sutcliffe, Houston, TX.


TAXABLE ISSUES


ALABAMA

Guin (City)

May 20, 2025 $5,225,000

General Obligation Warrants, Series 2025-A (D) (book entry) (Taxable) $2,105,000.

Dated Jun 4, 2025. Interest accrues Jun 10, 2025.

Due Jun 1, 2026 to 2033.

First coupon Dec 1, 2025.

Non-callable.

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


CALIFORNIA

Petaluma City Elementary School District

May 20, 2025 $23,200,000

General Obligation Bonds, Election of 2024, 2025 Series A (G) (book entry) (Taxable) $170,000.

Dated Jun 4, 2025. Interest accrues Jun 4, 2025.

Due Aug 1, 2025.

First coupon Aug 1, 2025.

Non-callable.

Purchased through negotiation by Baird, as follows:

L.O.: Dannis Woliver Kelley, Long Beach, CA.

F.A.: Isom Advisors Inc., Walnut Creek, CA.


Petaluma Joint Union High School District

May 20, 2025 $52,800,000

General Obligation Bonds, Election of 2024, 2025 Series A (G) (book entry) (Taxable) $1,650,000.

Dated Jun 4, 2025. Interest accrues Jun 4, 2025.

Due Aug 1, 2025.

First coupon Aug 1, 2025.

Non-callable.

Purchased through negotiation by Baird, as follows:

L.O.: Dannis Woliver Kelley, Long Beach, CA.

F.A.: Isom Advisors Inc., Walnut Creek, CA.


MARYLAND

Maryland Community Development Administration Department of Housing and Community Development

May 20, 2025 $155,000,000

Residential Revenue Bonds, 2025 Series D (Social Bonds) (R) (book entry) (Taxable)

Dated Jun 18, 2025.

Due Mar 1, 2026 to Sep 1, 2055.

First coupon Sep 1, 2025.

2034-2055 Callable Sep 1, 2033 at par.

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

L.O.: Ballard Spahr LLP, Washington, DC.

F.A.: Caine, Mitter & Associates, New York, NY; and People First Financial Advisors, Landover, MD.


MONTANA

Kalispell (City)

May 20, 2025 $50,880,000

Revenue and Refunding Bonds, Series 2025C (Immanuel Living at Buffalo Hill Project) Taxable Mandatory Paydown Securities (TMPS) (R) (book entry) (Taxable) $510,000.

Dated Jun 4, 2025. Interest accrues Jun 4, 2025.

Due May 15, 2029.

First coupon Nov 15, 2025.

2029-2029 Callable Nov 15, 2026 at par.

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

L.O.: Ballard Spahr LLP, Minneapolis, MN.


NORTH CAROLINA

North Carolina Housing Finance Agency

May 21, 2025 $206,555,000

Home Ownership Revenue Bonds, Series 58-B (R) (book entry) (Taxable)

Dated Jun 26, 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, BofA Securities, Wells Fargo Corporate & Investment Banking, Morgan Stanley & Co., Inc., Raymond James & Associates, Inc., as follows:

L.O.: Womble Bond Dickinson LLP, Raleigh, NC.

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


OREGON

Oregon Facilities Authority

May 20, 2025 $95,100,000

Revenue Refunding Bonds, 2025 Series B (University of Portland Projects) (R) (book entry) (Taxable) $2,350,000.

Dated Jun 5, 2025.

Due Apr 1, 2031 to 2032.

First coupon Oct 1, 2025.

Non-callable.

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

L.O.: Orrick, Herrington & Sutcliffe, Portland, OR.

F.A.: Sperry Capital Inc., San Francisco, CA.