Results of negotiated sales: 10/30/2025

ARIZONA

Glendale Industrial Development Authority

Oct 29, 2025 $137,195,000

Revenue Bonds, Midwestern University, Series 2025 (R) (book entry)

Dated Nov 12, 2025. Interest accrues Nov 12, 2025.

Due May 15, 2026 to 2045.

First coupon May 15, 2026.

2036-2045 Callable May 15, 2035 at par.

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

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

F.A.: SJ Advisors, LLC, Eden Prairie, MN.

CALIFORNIA

Modesto (City)

Oct 28, 2025 $54,545,000

Wastewater Revenue Bonds, Series 2025 (R) (book entry)

Dated Nov 12, 2025. Interest accrues Nov 12, 2025.

Due Nov 1, 2026 to 2055.

First coupon May 1, 2026.

2036-2055 Callable Nov 1, 2035 at par.

Purchased through negotiation by Siebert Williams Shank & Co., L.L.C, as follows:

L.O.: Norton Rose Fulbright US LLP, San Francisco, CA.

F.A.: PFM Financial Advisors LLC, San Francisco, CA.

River Islands Public Financing Authority

Oct 29, 2025 $110,150,000

(Improvement Area No. 3 Community Facilities District No. 2023-1 (Public Facilities)) 2025 Special Tax Bonds (R) (book entry) $80,155,000.

Dated Nov 6, 2025. Interest accrues Nov 6, 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 Hilltop Securities Inc., as follows:

(Improvement Area No. 3 Community Facilities District No. 2023-1 (Public Facilities)) 2025 Special Tax Bonds, Series 2025 (Escrow Bonds) (R) (book entry) $29,995,000.

Dated Nov 6, 2025. Interest accrues Nov 6, 2025.

Due Sep 1, 2029 to 2055.

First coupon Mar 1, 2026.

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

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

Community Facilities District No. 57 (Rock Rose & Bayberry Place) of Jurupa Community Services District

Oct 28, 2025 $9,600,000

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

Dated Nov 13, 2025.

Due Sep 1, 2026 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.: Best, Best & Krieger LLP, Riverside, CA.

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

Roseville (City)

Oct 29, 2025 $9,120,000

Special Tax Bonds, Series 2025 (Amoruso Ranch Community Facilities District No. 1 Improvement Area No. 2) (R) (book entry)

Dated Nov 13, 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 Piper Sandler & Co, as follows:

L.O.: Jones Hall LLP, San Mateo, CA.

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

California Housing Finance Agency

Oct 28, 2025 $134,695,000

Affordable Housing Revenue Bonds, 2025 Series B (Sustainability Bonds) (R) (book entry)

Dated Nov 12, 2025.

Due Feb 1, 2026 to 2056.

First coupon Feb 1, 2026.

2034-2056 Callable Feb 1, 2034 at par.

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

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

Santa Cruz County Redevelopment Successor Agency

Oct 28, 2025 $36,515,000

Tax Allocation Refunding Bonds, 2025 Series B (R) (book entry)

Dated Nov 13, 2025.

Due Sep 1, 2026 to 2036.

First coupon Mar 1, 2026.

Non-callable.

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

L.O.: Norton Rose Fulbright US LLP, Los Angeles, CA.

F.A.: Harrell & Company Advisors, LLC, Tustin, CA.

CONNECTICUT

Connecticut Housing Finance Authority

Oct 29, 2025 $289,975,000

Housing Mortgage Finance Program Bonds, 2025 Subseries E-1 (Social Bonds) (R) (book entry) $20,000,000.

Dated Nov 13, 2025.

Due May 15, 2026 to 2047.

First coupon May 15, 2026.

2040-2047 Callable Nov 15, 2033 at par.

Purchased through negotiation by BofA Securities, Morgan Stanley & Co., Inc., RBC Capital Markets, Stern Brothers & Co., Wells Fargo Corporate & Investment Banking, Bancroft Capital, LLC, Barclays Capital, Drexel Hamilton, LLC., Janney Montgomery Scott LLC, Jefferies LLC, J.P. Morgan Securities LLC, Mischler Financial Group, Inc., Ramirez & Co., Inc., Roosevelt & Cross, Inc., as follows:

L.O.: Hawkins, Delafield & Wood, Hartford, CT; and Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.

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

FLORIDA

Broward County

Oct 28, 2025 $130,160,000

Port Facilities Revenue Bonds, Series 2025 (AMT) (R) (book entry) (AMT)

Dated Nov 19, 2025.

Due Sep 1, 2026 to 2055.

First coupon Mar 1, 2026.

2036-2055 Callable Sep 1, 2035 at par.

Purchased through negotiation by Jefferies LLC, Ramirez & Co., Inc., Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Bryant, Miller & Olive, Tampa, FL; and Marcelo Llorente, P.A., Miami, FL.

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

West Villages Improvement District

Oct 29, 2025 $17,255,000

Capital Improvement Revenue, Series 2025 (Unit of Development No. 11) (Assessment Area One) (R) (book entry)

Dated Nov 18, 2025.

Due May 1, 2032.

First coupon May 1, 2026.

Non-callable.

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

L.O.: Nabors, Giblin & Nickerson, Tampa, FL.

IOWA

Burlington Community School District

Oct 29, 2025 $5,545,000

General Obligation School Capital Loan Notes, Series 2025 (G) (bank qualified) (book entry)

Dated Nov 24, 2025.

Due Jun 1, 2027 to 2030.

First coupon Jun 1, 2026.

Non-callable.

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

L.O.: Ahlers & Cooney, P.C., Des Moines, IA.

ILLINOIS

Chicago Board of Education

Oct 29, 2025 $1,094,170,000

General Obligation Refunding Bonds, Sereis 2025B (Dedicated Revenues) (G) (book entry) $799,390,000.

Dated Nov 12, 2025.

Due Dec 1, 2027 to 2044.

First coupon Jun 1, 2026.

2036-2044 Callable Dec 1, 2035 at par.

Purchased through negotiation by BofA Securities, Cabrera Capital Markets, LLC, J.P. Morgan Securities LLC, Loop Capital Markets, LLC, Morgan Stanley & Co., Inc., PNC Capital Markets, Academy Securities Inc., Barclays Capital, Hilltop Securities Inc., Mesirow Financial, Inc., Oppenheimer & Co., Inc., Rice Financial Products Company, as follows:

General Obligation Refunding Bonds, Sereis 2025C (Dedicated Revenues) (G) (book entry) $294,780,000.

Dated Nov 12, 2025.

Due Dec 1, 2027 to 2045.

First coupon Jun 1, 2026.

2036-2045 Callable Dec 1, 2035 at par.

L.O.: Katten Muchin Rosenman LLP, Chicago, IL.

F.A.: Columbia Capital Management, LLC, Chicago, IL.

Pennoyer School District No. 79

Oct 28, 2025 $1,825,000

General Obligation School Bonds, Series 2025 (Alternate Revenue Source) (L) (bank qualified) (book entry)

Dated Nov 18, 2025.

Due Dec 1, 2036 to 2045.

First coupon Jun 1, 2026.

2036-2045 Callable Dec 1, 2034 at par.

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

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

F.A.: PMA Securities, Inc, Naperville, IL.

INDIANA

Richland-Bean Blossom 2000 School Building Corporation

Oct 28, 2025 $40,000,000

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

Dated Nov 19, 2025.

Due Jul 15, 2026 to Jan 15, 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.: Bose McKinney & Evans LLP, Indianapolis, IN.

Middlebury Schools Building Corporation

Oct 28, 2025 $9,500,000

Ad Valorem Property Tax First Mortgage Bonds, Series 2025 (Indiana State Aid Intercept Program) (L) (bank qualified) (book entry)

Dated Nov 18, 2025.

Due Jul 15, 2026 to Jan 15, 2031.

First coupon Jul 15, 2026.

Non-callable.

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

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

LOUISIANA

Terrebonne Parish

Oct 28, 2025 $25,000,000

Public Improvement Sales Tax Revenue Bonds, Series 2025 (R) (book entry)

Dated Nov 14, 2025. Interest accrues Nov 14, 2025.

Due Mar 1, 2027 to 2050.

First coupon Mar 1, 2026.

2036-2050 Callable Mar 1, 2035 at par.

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

L.O.: LaFleur & Laborde, LLC, New Orleans, LA.

F.A.: Government Consultants of Louisiana, Inc, Baton Rouge, LA.

MISSOURI

Springfield School District R-12

Oct 29, 2025 $30,000,000

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

Dated Nov 18, 2025.

Due Mar 1, 2027 to 2045.

First coupon Mar 1, 2026.

2042-2045 Callable Mar 1, 2035 at par.

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

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

NORTH CAROLINA

North Carolina Housing Finance Agency

Oct 29, 2025 $200,000,000

Home Ownership Revenue Bonds, Series 59-A (1998 Trust Agreement) (R) (book entry)

Dated Nov 18, 2025.

Due Jan 1, 2027 to 2057.

First coupon Jul 1, 2026.

2034-2057 Callable Jan 1, 2034 at par.

Purchased through negotiation by BofA Securities, RBC Capital Markets, 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.

NEVADA

Sparks (City)

Oct 28, 2025 $30,385,000

Senior Sales Tax Anticipation Revenue Bonds, Series 2025 (Tourism Improvement District No. 1 (Legends at Sparks Marina)) (R) (book entry)

Dated Nov 13, 2025.

Due Jun 15, 2028.

First coupon Jun 15, 2026.

Non-callable.

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

L.O.: Taft, Stettinius & Hollister LLP, Reno, NV.

F.A.: JNA Consulting Group LLC, Boulder City, NV.

OHIO

North Royalton City School District

Oct 28, 2025 $65,700,000

General Olbigation School Improvement Refunding Bonds, Series 2025 (G) (book entry)

Dated Nov 18, 2025.

Due Dec 1, 2026 to 2047.

First coupon Jun 1, 2026.

2036-2047 Callable Dec 1, 2035 at par.

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

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

PENNSYLVANIA

Canonsburg-Houston Joint Authority

Oct 28, 2025 $21,845,000

Sewer Revenue Bonds, Series 2025 (R) (book entry)

Dated Nov 17, 2025.

Due Dec 1, 2027 to 2040.

First coupon Jun 1, 2026.

2034-2040 Callable Dec 1, 2033 at par.

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

L.O.: Eckert, Seamans, Cherin & Mellott, Harrisburg, PA.

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

Altoona Area School District

Oct 28, 2025 $13,305,000

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

Dated Dec 2, 2025.

Due Dec 1, 2026 to 2039.

First coupon Jun 1, 2026.

2033-2039 Callable Dec 1, 2032 at par.

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

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

Rochester Area School District

Oct 28, 2025 $2,365,000

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

Dated Dec 2, 2025.

Due May 1, 2026 to 2038.

First coupon May 1, 2026.

2031-2038 Callable Nov 1, 2030 at par.

Purchased through negotiation by PNC Capital Markets, as follows:

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

SOUTH CAROLINA

Clemson University

Oct 28, 2025 $173,915,000

Higher Education Revenue Bonds, Series 2025A (R) (book entry)

Dated Nov 12, 2025.

Due May 1, 2027 to 2055.

First coupon May 1, 2026.

2036-2055 Callable May 1, 2035 at par.

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

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

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

TEXAS

Royse City (City)

Oct 28, 2025 $13,870,000

Special Assessment Revenue Bonds, Series 2025 (Bahamas Public Improvement District No. 2 Zone A Remainder Area Project) (N) (book entry)

Dated Nov 12, 2025. Interest accrues Nov 12, 2025.

Due Sep 15, 2027 to 2055.

First coupon Mar 15, 2026.

2034-2055 Callable Sep 15, 2033 at par.

Purchased through negotiation by Jefferies LLC, as follows:

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

F.A.: Specialized Public Finance Inc., Dallas, TX.

Angleton (City)

Oct 28, 2025 $8,090,000

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

Dated Nov 15, 2025. Interest accrues Nov 25, 2025.

Due Feb 15, 2026 to 2050.

First coupon Feb 15, 2026.

2035-2050 Callable Feb 15, 2034 at par.

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

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

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

Corpus Christi (City)

Oct 28, 2025 $32,625,000

General Improvement Refunding Bonds, Series 2025C (L) (book entry)

Dated Dec 9, 2025. Interest accrues Dec 9, 2025.

Due Mar 1, 2026 to 2038.

First coupon Mar 1, 2026.

2036-2038 Callable Mar 1, 2035 at par.

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

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

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

Royse City (City)

Oct 28, 2025 $15,457,000

Special Assessment Revenue Bonds, Series 2025 (Bahamas Public Improvement District No. 2 Zone A Improvement Area No 1 Project) (N) (book entry)

Dated Nov 12, 2025. Interest accrues Nov 12, 2025.

Due Sep 15, 2027 to 2055.

First coupon Mar 15, 2026.

2034-2055 Callable Sep 15, 2033 at par.

Purchased through negotiation by Jefferies LLC, as follows:

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

F.A.: Specialized Public Finance Inc., Dallas, TX.

Denton Independent School District

Oct 28, 2025 $90,545,000

Refunding Bonds, Series 2035-C (Permanent School Fund Guarantee Program) (G) (book entry)

Dated Oct 15, 2025. Interest accrues Nov 18, 2025.

Due Aug 15, 2026 to 2036.

First coupon Feb 15, 2026.

2036-2036 Callable Aug 15, 2035 at par.

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

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

F.A.: BOK Financial Securities, Plano, TX.

VIRGINIA

Roanoke Economic Development Authority

Oct 29, 2025 $50,000,000

Weekly Variable Rate Hospital Revenue Bonds, Series 2025B (Carilion Clinic Obligated Group) (Letter of Credit Issued by: PNC Bank, N.A.) (R) (book entry)

Dated Oct 30, 2025.

Due Jul 1, 2058.

First coupon Nov 3, 2025.

Non-callable.

Purchased through negotiation by PNC Capital Markets, as follows:

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

F.A.: Kaufman Hall & Associates, Skokie, IL.

Virginia Housing Development Authority

Oct 28, 2025 $300,000,000

Commonwealth Mortgage Bonds, 2025 Series E (R) (book entry) $75,000,000.

Dated Nov 12, 2025.

Due Jan 1, 2027 to Jul 1, 2056.

First coupon Jan 1, 2026.

2034-2056 Callable Jan 1, 2034 at par.

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

Commonwealth Mortgage Bonds, 2025 Series G (Mandatory Tender Date: 04/01/2027) (R) (book entry) $225,000,000.

Dated Nov 12, 2025.

Due Jul 1, 2056.

First coupon Jan 1, 2026.

Non-callable.

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

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

WISCONSIN

Public Finance Authority

Oct 29, 2025 $53,203,000

Revenue Anticipation Capital Appreciation Bonds, Series 2025 (Fair Meadows Project) Texas Infrastructure Program) (Maturity Value) (R) (book entry)

Dated Nov 4, 2025. Interest accrues Nov 4, 2025.

Due Dec 15, 2039.

2039-2039 Callable Dec 1, 2027 at par.

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

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

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

TAXABLE ISSUES

CONNECTICUT

Connecticut Housing Finance Authority

Oct 29, 2025 $289,975,000

Housing Mortgage Finance Program Bonds, 2025 Subseries E-2 (Social Bonds) (R) (book entry) (Taxable) $269,975,000.

Dated Nov 13, 2025.

Due May 15, 2027 to Nov 15, 2055.

First coupon May 15, 2026.

2034-2055 Callable Nov 15, 2033 at par.

L.O.: Hawkins, Delafield & Wood, Hartford, CT; and Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.

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

VIRGINIA

Virginia Housing Development Authority

Oct 28, 2025 $150,000,000

Commonwealth Mortgage Bonds, 2025 Series F (R) (book entry) (Taxable)

Dated Nov 12, 2025.

Due Jan 1, 2027 to Jul 1, 2056.

First coupon Jan 1, 2026.

2034-2056 Callable Jan 1, 2034 at par.

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

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

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