Market Data
Results of negotiated sales: 09/22/2025

ALABAMA

Bessemer (City)

Sep 19, 2025 $3,685,000

Water Revenue Warrants, Series 2025 (R) (bank qualified) (book entry)

Dated Sep 30, 2025.

Due Jan 1, 2027 to 2055.

First coupon Jul 1, 2026.

2036-2055 Callable Jan 1, 2035 at par.

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

L.O.: Butler Snow, LLP, Birmingham, AL.


COLORADO

Colorado Educational and Cultural Facilities Authority

Sep 18, 2025 $21,805,000

Charter School Refunding and Improvement Revenue Bonds, Series 2025 (Swallows Charter Academy Project) (Colorado Charter School Moral Obligation Program) (R) (book entry)

Dated Sep 30, 2025. Interest accrues Sep 30, 2025.

Due Jul 1, 2028 to 2060.

First coupon Jan 1, 2026.

2036-2060 Callable Jul 1, 2035 at par.

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

L.O.: Casey Parrot LLC, Broomfield, CO.

F.A.: PFM Financial Advisors LLC, Denver, CO.


FLORIDA

Florida Development Finance Corporation

Sep 18, 2025 $75,000,000

Solid Waste Disposal Revenue Bonds, Series 2025A (Waste Management, Inc. Project) (Mandatory Tender Date: 09/01/2028) (R) (book entry) (AMT)

Dated Sep 25, 2025.

Due Sep 1, 2050.

First coupon Mar 2, 2026.

2050-2050 Callable any time at par.

Purchased through negotiation by BofA Securities, U.S. Bancorp Investments, Inc., as follows:

L.O.: Bryant, Miller & Olive, Tampa, FL.

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


ILLINOIS

Prospect Heights School District No. 23

Sep 18, 2025 $22,725,000

General Obligation Limited Tax School Bonds, Series 2025A (L) (book entry) $20,445,000.

Dated Oct 3, 2025.

Due Dec 15, 2035 to Oct 1, 2055.

First coupon Dec 15, 2025.

2035-2055 Callable Dec 15, 2034 at par.

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

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


Columbia Community Unit School District No. 4

Sep 18, 2025 $28,330,000

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

Dated Oct 9, 2025.

Due Jan 1, 2027 to 2040.

First coupon Jan 1, 2026.

2035-2040 Callable Jan 1, 2034 at par.

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

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


INDIANA

Indiana Housing and Community Development Authority

Sep 18, 2025 $27,641,000

Multifamily Housing Revenue Bonds, Series 2025 (Vita of Lafayette Project) (Mandatory Tender Date: 10/01/2028) (Cash Collateralized) (R) (book entry)

Dated Sep 25, 2025. Interest accrues Sep 25, 2025.

Due Oct 1, 2045.

First coupon Apr 1, 2026.

2045-2045 Callable Oct 1, 2027 at par.

Purchased through negotiation by KeyBanc Capital Markets, as follows:

L.O.: Frost Brown Todd LLC, Indianapolis, IN.


KANSAS

Kansas Development Finance Authority

Sep 18, 2025 $24,000,000

Multifamily Housing Revenue Bonds, Series 2025J (The Bureau Lofts) (Mandatory Tender Date: 10/01/2028) (R) (book entry)

Dated Sep 25, 2025. Interest accrues Sep 25, 2025.

Due Oct 1, 2046.

First coupon Apr 1, 2026.

2046-2046 Callable Oct 1, 2027 at par.

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

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


MICHIGAN

Dexter Community Schools

Sep 19, 2025 $65,205,000

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

Dated Oct 16, 2025.

Due May 1, 2026 to 2055.

First coupon May 1, 2026.

2036-2055 Callable May 1, 2035 at par.

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

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.

F.A.: Baker Tilly Municipal Advisors, LLC, Southfield, MI.


Michigan Housing Development Authority

Sep 18, 2025 $37,500,000

Multifamily Housing Revenue Bonds, Series 2025 (Hom Flats at 28 West Project) (Mandatory Tender Date: 10/01/2028) (R) (book entry)

Dated Sep 25, 2025. Interest accrues Sep 25, 2025.

Due Oct 1, 2043.

First coupon Apr 1, 2026.

2043-2043 Callable Apr 1, 2028 at par.

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

L.O.: Hawkins, Delafield & Wood, New York, NY.


OKLAHOMA

Nowata County Educational Facilities Authority

Sep 18, 2025 $10,190,000

Educational Facilities Lease Revenue Bonds, Series 2025 (Nowata Public Schools Project) (R) (book entry)

Dated Sep 29, 2025. Interest accrues Sep 29, 2025.

Due Sep 1, 2027 to 2038.

First coupon Mar 1, 2026.

2036-2038 Callable Sep 1, 2035 at par.

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

L.O.: Floyd & Driver, PLLC, Norman, OK; and State Attorney General.

F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.


PENNSYLVANIA

Dallas School District

Sep 18, 2025 $4,340,000

General Obligation Notes, Series 2025 (Pennsylvania School District State Aid Intercept Program) (L) (bank qualified) (book entry)

Dated Sep 30, 2025.

Due Apr 1, 2027 to 2040.

First coupon Apr 1, 2026.

2031-2040 Callable Oct 1, 2030 at par.

Purchased through negotiation by PNC Capital Markets, as follows:

L.O.: Stevens & Lee, Forty Fort, PA.

F.A.: FSL Public Finance, LLC, Scranton, PA.


SOUTH CAROLINA

Woodruff-Roebuck Water District

Sep 19, 2025 $19,290,000

Water System Improvement Revenue Bonds, Series 2025 (R) (book entry)

Dated Oct 2, 2025.

Due Jun 1, 2026 to 2055.

First coupon Jun 1, 2026.

2036-2055 Callable Jun 1, 2035 at par.

Purchased through negotiation by Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Pope Flynn LLC, Columbia, SC.

F.A.: First Tryon Advisors, Charlotte, NC.


TEXAS

Leander (City)

Sep 18, 2025 $124,880,000

Combination Tax and Revenue Certificates of Obligation, Series 2025 (C) (book entry)

Dated Sep 30, 2025. Interest accrues Sep 30, 2025.

Due Aug 15, 2027 to 2055.

First coupon Feb 15, 2026.

2036-2055 Callable Aug 15, 2035 at par.

Purchased through negotiation by FHN Financial Capital Markets, Hilltop Securities Inc., Raymond James & Associates, Inc., Baird, as follows:

L.O.: Bickerstaff Heath Delgado Acosta LLP, Austin, TX; and State Attorney General.

F.A.: RBC Capital Markets, Houston, TX.


Denton County

Sep 18, 2025 $93,510,000

Permanent Improvement Refunding Bonds, Series 2025 (L) (book entry) $51,950,000.

Dated Oct 1, 2025. Interest accrues Oct 9, 2025.

Due Jul 15, 2026 to 2033.

First coupon Jan 15, 2026.

Non-callable.

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


Tax Notes, Series 2025 (L) (book entry) $41,560,000.

Dated Oct 1, 2025. Interest accrues Oct 9, 2025.

Due Jul 15, 2026 to 2032.

First coupon Jan 15, 2026.

Non-callable.

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

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


Elmendorf (City)

Sep 18, 2025 $10,247,000

Special Assessment Revenue Bonds, Series 2025 (Hickory Ridge Public Improvement District Improvement Area No 2 Project) (N) (book entry)

Dated Oct 9, 2025.

Due Sep 1, 2028 to 2055.

First coupon Mar 1, 2026.

2036-2055 Callable Sep 1, 2035 at par.

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

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

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


Legacy Denton Public Facility Corporation

Sep 19, 2025 $44,200,000

Multifamily Housing Revenue Bonds, Series 2025 (Waterford at Spencer Oaks) (Mandatory Tender Date: 10/01/2028) (R) (book entry)

Dated Sep 25, 2025.

Due Oct 1, 2043.

First coupon Apr 1, 2026.

2043-2043 Callable Apr 1, 2028 at par.

Purchased through negotiation by Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Coats Rose, P.C, Houston, TX; and State Attorney General.


VIRGINIA

Virginia Small Business Financing Authority

Sep 18, 2025 $77,540,000

Refunding Revenue Bonds, Series 2025 (Hampton University) (R) (book entry)

Dated Sep 25, 2025.

Due Oct 1, 2025 to 2038.

First coupon Oct 1, 2025.

Non-callable.

Purchased through negotiation by Ramirez & Co., Inc., Rice Financial Products Company, Truist Securities, Inc., as follows:

L.O.: Butler Snow, LLP, Richmond, VA.

F.A.: Bretwood Capital Partners, Atlanta, GA.


TAXABLE ISSUES


COLORADO

Avon (Town)

Sep 19, 2025 $5,890,000

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

Dated Oct 1, 2025.

Due Dec 1, 2026 to 2045.

First coupon Jun 1, 2026.

2031-2045 Callable Dec 1, 2030 at par.

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

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


ILLINOIS

Prospect Heights School District No. 23

Sep 18, 2025 $22,725,000

General Obligation Limited Tax Refunding School Bonds, Series 2025B (L) (book entry) (Taxable) $2,280,000.

Dated Oct 3, 2025.

Due Dec 15, 2031 to 2035.

First coupon Dec 15, 2025.

2035-2035 Callable Dec 15, 2034 at par.

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

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