Market Data
Results of negotiated sales: 07/14/2025

CALIFORNIA

Hartnell Community College District

Jul 11, 2025 $27,000,000

Election of 2016 General Obligation Bonds, Series C (G) (book entry)

Dated Jul 29, 2025.

Due Aug 1, 2026 to 2048.

First coupon Feb 1, 2026.

2034-2048 Callable Aug 1, 2033 at par.

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

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

F.A.: Keygent LLC, El Segundo, CA.


California State University Trustees

Jul 10, 2025 $1,623,180,000

Systemwide Revenue Bonds, Series 2025A (R) (book entry)

Dated Aug 5, 2025.

Due Nov 1, 2026 to 2056.

First coupon May 1, 2026.

2036-2056 Callable Nov 1, 2035 at par.

Purchased through negotiation by Goldman, Sachs & Co., Jefferies LLC, J.P. Morgan Securities LLC, Ramirez & Co., Inc., Academy Securities Inc., American Veterans Group, Amerivet Securities, Inc., Barclays Capital, Blaylock Van, LLC, BofA Securities, Cabrera Capital Markets, LLC, Hilltop Securities Inc., Loop Capital Markets, LLC, Mischler Financial Group, Inc., Morgan Stanley & Co., Inc., Raymond James & Associates, Inc., RBC Capital Markets, Siebert Williams Shank & Co., L.L.C, Stern Brothers & Co., Stifel, Nicolaus & Co., Inc., TD Securities, Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.

F.A.: KNN Public Finance, Berkeley, CA.


Irvine Ranch Water District

Jul 10, 2025 $57,890,000

Consolidated Refunding, Series 2025B (R) (book entry)

Dated Jul 15, 2025.

Due May 1, 2026 to 2035.

First coupon Nov 1, 2025.

Non-callable.

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

L.O.: Orrick, Herrington & Sutcliffe, Los Angeles, CA.

F.A.: PFM Financial Advisors LLC, Los Angeles, CA.


Lammersville Joint Unified District

Jul 10, 2025 $42,385,000

Special Tax Bonds, Series 2025 (Community Facilities District No. 2024-1) (Mountain House School Facilities) (R) (book entry)

Dated Jul 31, 2025.

Due Sep 1, 2027 to 2055.

First coupon Mar 1, 2026.

2033-2055 Callable Sep 1, 2032 at 103.000%, declining to par Sep 1, 2032.

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

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

F.A.: California Financial Services, Ladera Ranch, CA.


ILLINOIS

Illinois Finance Authority

Jul 11, 2025 $20,000,000

Graduate and Professional Student Loan Program Revenue Bonds, Senior Series 2025A (Midwestern University Foundation) (R) (book entry) (AMT)

Dated Jul 23, 2025.

Due Jul 1, 2029 to 2041.

First coupon Jan 1, 2026.

2041-2041 Callable Jul 1, 2035 at par.

Purchased through negotiation by RBC Capital Markets, as follows:

L.O.: Chapman and Cutler LLP, Chicago, IL.

F.A.: SL Capital Strategies, Washington, DC; and SJ Advisors, LLC, Eden Prairie, MN.


INDIANA

East Chicago (City)

Jul 10, 2025 $7,720,000

Economic Development Revenue Bonds, Series 2025 (Suppliers Business Park Area Project) (R) (book entry)

Dated Jul 22, 2025. Interest accrues Jul 22, 2025.

Due Jul 15, 2027 to 2044.

First coupon Jan 15, 2026.

2034-2044 Callable Jul 15, 2033 at par.

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

L.O.: Faegre Drinker Biddle & Reath LLP, Indianapolis, IN.

F.A.: Cender | Dalton Municipal Advisors, Valparaiso, IN.


MICHIGAN

Gobles Public Schools

Jul 11, 2025 $17,330,000

School Building and Site Bonds, 2025 Series II (General Obligation) (Michigan School Bond Qualification and Loan Program) (G) (book entry)

Dated Aug 7, 2025.

Due May 1, 2028 to 2051.

First coupon May 1, 2026.

2036-2051 Callable May 1, 2035 at par.

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

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

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


MINNESOTA

Woodbury (City)

Jul 11, 2025 $15,110,000

Charter School Lease Revenue Bonds, Series 2025A (Woodbury Leadership Academy Project) (R) (book entry) $14,225,000.

Dated Jul 22, 2025. Interest accrues Jul 22, 2025.

Due Jul 1, 2057 to 2065.

First coupon Jan 1, 2026.

2057-2065 Callable Jul 1, 2032 at 103.000%, declining to par Jul 1, 2032.

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

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


Princeton (City)

Jul 10, 2025 $1,260,000

General Obligation Bonds, Series 2025A (G) (bank qualified) (book entry)

Dated Aug 6, 2025. Interest accrues Aug 6, 2025.

Due Feb 1, 2027 to 2036.

First coupon Aug 1, 2026.

2034-2036 Callable Feb 1, 2033 at par.

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

L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.

F.A.: Blue Rose Capital Advisors, Minneapolis, MN.


NORTH CAROLINA

Dare County

Jul 11, 2025 $23,370,000

Limited Obligation Bonds, Series 2025A (R) (book entry)

Dated Jul 31, 2025.

Due Jun 1, 2027 to 2045.

First coupon Dec 1, 2025.

2036-2045 Callable Jun 1, 2035 at par.

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

L.O.: Parker, Poe, Adams & Bernstein, L.L.P., Charlotte, NC.


NEBRASKA

Douglas County Sanitary & Improvement District No. 583

Jul 10, 2025 $10,000,000

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

Dated Aug 15, 2025.

Due Aug 15, 2030 to 2045.

First coupon Feb 15, 2026.

2033-2045 Callable Aug 15, 2030 at par.

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

L.O.: Baird, Holm, LLP, Omaha, NE.


NEW YORK

Ithaca (City)

Jul 8, 2025 $8,295,727

Bond Anticipation Notes, 2025 (L) (book entry)

Dated Jul 17, 2025.

Due Jul 17, 2026.

First coupon Jul 17, 2026.

Non-callable.

Purchased through negotiation by Roosevelt & Cross, Inc., as follows:

L.O.: Orrick, Herrington & Sutcliffe, New York, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.


OHIO

Village of Silver Lake

Jul 1, 2025 $534,000

Limited Tax General Obligation Street Improvement Bonds, Series 2025 (L) (book entry)

Dated Jul 30, 2025.

Due Dec 1, 2034.

First coupon Dec 1, 2025.

Non-callable.

Privately placed by Baird, as follows:

L.O.: Roetzel & Andress, Canton, OH.


TEXAS

Spring Independent School District

Jul 10, 2025 $598,180,000

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

Dated Aug 1, 2025. Interest accrues Aug 14, 2025.

Due Aug 15, 2026 to 2055.

First coupon Aug 27, 2025.

2036-2055 Callable Aug 15, 2035 at par.

Purchased through negotiation by Siebert Williams Shank & Co., L.L.C, Piper Sandler & Co, Raymond James & Associates, Inc., Mesirow Financial, Inc., RBC Capital Markets, J.P. Morgan Securities LLC, as follows:

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

F.A.: Post Oak Municipal Advisors LLC, Houston, TX.


Dallas Housing Finance Corporation

Jul 10, 2025 $49,900,000

Multifamily Housing Revenue Bonds, Series 2025 (Palladium Buckner Station) (Mandatory Tender Date: 08/01/2028) (R) (book entry)

Dated Jul 17, 2025.

Due Aug 1, 2030.

First coupon Feb 1, 2026.

Non-callable.

Purchased through negotiation by RBC Capital Markets, as follows:

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

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


San Angelo Independent School District

Jul 11, 2025 $385,100,000

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

Dated Jul 15, 2025. Interest accrues Aug 8, 2025.

Due Feb 15, 2028 to 2055.

First coupon Aug 15, 2025.

2036-2055 Callable Feb 15, 2035 at par.

Purchased through negotiation by Piper Sandler & Co, SAMCO Capital Markets, BOK Financial Securities, Frost Bank, FHN Financial Capital Markets, as follows:

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

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


Houston Independent School District

Jul 10, 2025 $114,390,000

Variable Rate Maintenance Tax Notes, Series 2025A (Mandatory Tender Date: 07/15/2028) (Coupon Steps to 7%) (L) (book entry)

Dated Jul 31, 2025.

Due Jul 15, 2026 to 2045.

First coupon Jan 15, 2026.

Non-callable.

Purchased through negotiation by RBC Capital Markets, SAMCO Capital Markets, PNC Capital Markets, as follows:

L.O.: Jackson Walker L.L.P., Houston, TX; and State Attorney General.

F.A.: Estrada Hinojosa & Company, Inc., Houston, TX.


East Waller County Management District

Jul 10, 2025 $25,634,000

Special Assessment Revenue Bonds, Series 2025 (Sofi Lakes Sections 1 and 2 Project) (N) (book entry)

Dated Jul 23, 2025.

Due Sep 15, 2027 to 2055.

First coupon Mar 15, 2026.

2036-2055 Callable Sep 15, 2035 at par.

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

L.O.: Winstead PC, Dallas, TX; and State Attorney General.

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


Flour Bluff Independent School District

Jul 10, 2025 $188,165,000

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

Dated Aug 5, 2025.

Due Aug 15, 2025 to 2055.

First coupon Aug 15, 2025.

2035-2055 Callable Feb 15, 2035 at par.

Purchased through negotiation by Ramirez & Co., Inc., Piper Sandler & Co, Estrada Hinojosa & Company, Inc., UMB Bank, N.A.., as follows:

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

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


Lake Dallas (City)

Jul 9, 2025 $6,965,000

Combination Tax and Revenue Certificates of Obligation, Series 2025 (G) (bank qualified) (book entry)

Dated Aug 7, 2025. Interest accrues Aug 7, 2025.

Due Aug 1, 2029 to 2045.

First coupon Feb 1, 2026.

2035-2045 Callable Aug 1, 2034 at par.

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

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

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


Housing Options, Inc.

Jul 10, 2025 $33,000,000

Multifamily Housing Revenue Bonds, Series 2025 (Mandatory Tender Date: 02/01/2028) (R) (book entry)

Dated Jul 17, 2025. Interest accrues Jul 17, 2025.

Due Feb 1, 2045.

First coupon Feb 1, 2026.

2045-2045 Callable Aug 1, 2027 at par.

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

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

F.A.: Hilltop Securities Inc., Austin, TX; and Tijerina Financial Consulting LLC, Dallas, TX.


El Paso (City)

Jul 10, 2025 $79,360,000

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

Dated Aug 1, 2025. Interest accrues Aug 7, 2025.

Due Aug 15, 2026 to 2036.

First coupon Feb 15, 2026.

2035-2036 Callable Aug 15, 2034 at par.

Purchased through negotiation by Jefferies LLC, Raymond James & Associates, Inc., RBC Capital Markets, as follows:

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

F.A.: Hilltop Securities Inc., El Paso, TX.


New Hope Cultural Education Facilities Finance Corporation

Jul 9, 2025 $72,540,000

Retirement Facility Revenue Bonds, Series 2025 (Legacy Midtown Park Project) (R) (book entry)

Dated Jul 23, 2025. Interest accrues Jul 23, 2025.

Due Jul 1, 2028 to 2056.

First coupon Jan 1, 2026.

2033-2056 Callable Jul 1, 2032 at 103.000%, declining to par Jul 1, 2032.

Purchased through negotiation by HJ Sims & Co., as follows:

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

F.A.: Kaufman, Hall & Associates, LLC, Chicago, IL.


UTAH

Alpine School District Local Building Authority

Jul 10, 2025 $200,580,000

Lease Revenue Bonds, Series 2025 (West School District) (R) (book entry)

Dated Jul 23, 2025.

Due Mar 15, 2029 to 2045.

First coupon Sep 15, 2025.

2036-2045 Callable Mar 15, 2035 at par.

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

L.O.: Farnsworth Johnson PLLC, Provo, UT.

F.A.: Stifel, Nicolaus & Co., Inc., Salt Lake City, UT.


TAXABLE ISSUES


CALIFORNIA

California State University Trustees

Jul 10, 2025 $113,935,000

Systemwide Revenue Bonds, Series 2025B (R) (book entry) (Taxable)

Dated Aug 5, 2025.

Due Nov 1, 2026 to 2051.

First coupon May 1, 2026.

2036-2051 Callable Nov 1, 2035 at par.

Purchased through negotiation by Goldman, Sachs & Co., Jefferies LLC, J.P. Morgan Securities LLC, Ramirez & Co., Inc., Academy Securities Inc., American Veterans Group, Amerivet Securities, Inc., Barclays Capital, Blaylock Van, LLC, BofA Securities, Cabrera Capital Markets, LLC, Hilltop Securities Inc., Loop Capital Markets, LLC, Mischler Financial Group, Inc., Morgan Stanley & Co., Inc., Raymond James & Associates, Inc., RBC Capital Markets, Siebert Williams Shank & Co., L.L.C, Stern Brothers & Co., Stifel, Nicolaus & Co., Inc., TD Securities, Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.

F.A.: KNN Public Finance, Berkeley, CA.


MINNESOTA

Woodbury (City)

Jul 11, 2025 $15,110,000

Charter School Lease Revenue Bonds, Series 2025B (Woodbury Leadership Academy Project) (R) (book entry) (Taxable) $885,000.

Dated Jul 22, 2025. Interest accrues Jul 22, 2025.

Due Jul 1, 2026 to 2036.

First coupon Jan 1, 2026.

2033-2036 Callable Jul 1, 2032 at 103.000%, declining to par Jul 1, 2032.

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

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