ARKANSAS

Arkansas Development Finance Authority

Nov 20, 2025 $65,000,000

Single Family Mortgage Revenue Bonds, 2025 Series C (Mortgage-Backed Securities/Mortgage Loans Program) (R) (book entry)

Dated Dec 18, 2025. Interest accrues Dec 18, 2025.

Due Jul 1, 2026 to Jan 1, 2056.

First coupon Jul 1, 2026.

2034-2056 Callable Jan 1, 2034 at par.

Purchased through negotiation by Raymond James & Associates, Inc., Stephens Inc., Carty, Harding, & Hearn, Inc., Crews & Associates, Inc., as follows:

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

ARIZONA

Superstition Vistas Community Facilities District No. 1

Nov 21, 2025 $7,240,000

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

Dated Dec 10, 2025. Interest accrues Dec 10, 2025.

Due Jul 15, 2026 to 2050.

First coupon Jul 15, 2026.

2036-2050 Callable Jul 15, 2035 at par.

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

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

F.A.: Piper Sandler & Co, Phoenix, AZ.

Roosevelt Elementary School District No. 66

Nov 20, 2025 $47,535,000

School Improvement Bonds, Project of 2024, Series A (2025) (G) (book entry)

Dated Dec 11, 2025.

Due Jul 1, 2026 to 2045.

First coupon Jul 1, 2026.

2036-2045 Callable Jul 1, 2035 at par.

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

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

CALIFORNIA

Los Angeles Community College District

Nov 20, 2025 $300,000,000

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

Dated Dec 16, 2025.

Due Aug 1, 2026 to 2031.

First coupon Feb 1, 2026.

Non-callable.

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

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

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

Lassen View Union Elementary School District

Nov 20, 2025 $3,500,000

General Obligation Bonds, Election of 2024, Series 2025 (G) (bank qualified) (book entry)

Dated Dec 4, 2025. Interest accrues Dec 4, 2025.

Due Aug 1, 2027 to 2055.

First coupon Feb 1, 2026.

2035-2055 Callable Aug 1, 2034 at par.

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

L.O.: Orrick, Herrington & Sutcliffe, Irvine, CA.

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

California Municipal Financing Authority

Nov 21, 2025 $22,510,000

Improvement Area No.2 of Community Facilities District No, 2025-9 (County Of Placer - Placer One) Special Tax Bonds, Series 2025 (R) (book entry)

Dated Dec 4, 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.: Del Rio Advisors, LLC, Modesto, CA.

California Municipal Finance Authority

Nov 21, 2025 $12,025,000

Special Tax Bonds, Series 2025B (Improvement Area No.1) Community Facilities District No, 2025-9 (County of Placer Placer One) (R) (book entry)

Dated Dec 4, 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 Piper Sandler & Co, as follows:

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

F.A.: Del Rio Advisors, LLC, Modesto, CA.

San Francisco Infrastructure and Revitalization Financing District No. 1

Nov 20, 2025 $27,160,000

Tax Increment Revenue Bonds, Series 2025A (Facilities Increment) (T) (book entry) $22,415,000.

Dated Dec 11, 2025.

Due Sep 1, 2026 to 2055.

First coupon Mar 1, 2026.

2036-2055 Callable Sep 1, 2035 at par.

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

Tax Increment Revenue Bonds, Series 2025B (Housing Increment) (T) (book entry) $4,745,000.

Dated Dec 11, 2025.

Due Sep 1, 2026 to 2055.

First coupon Mar 1, 2026.

2036-2055 Callable Sep 1, 2035 at par.

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

F.A.: CSG Advisors Inc., San Francisco, CA.

California Municipal Finance Authority

Nov 20, 2025 $20,920,000

Charter School Revenue Bonds, Series 2025A (The Learning Choice Academy Obligated Group) (R) (book entry) $20,495,000.

Dated Dec 3, 2025. Interest accrues Dec 3, 2025.

Due Jul 1, 2029 to 2065.

First coupon Jul 1, 2026.

2036-2065 Callable Jul 1, 2035 at par.

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

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

F.A.: Key Charter Advisors, LLC, Sacramento, CA.

COLORADO

Meadowlark Metropolitan District

Nov 21, 2025 $8,670,000

General Obligations Refunding Bonds, Series 2025 (Limited Tax Convertible to Unlimited Tax) (L) (bank qualified) (book entry)

Dated Dec 4, 2025.

Due Dec 1, 2026 to 2055.

First coupon Jun 1, 2026.

2031-2055 Callable Dec 1, 2030 at 103.000%, declining to par Dec 1, 2030.

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

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

Johnstown Village Metropolitan District No. 2

Nov 21, 2025 $7,780,000

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

Dated Dec 2, 2025.

Due Dec 1, 2026 to 2055.

First coupon Jun 1, 2026.

2031-2055 Callable Dec 1, 2030 at 103.000%, declining to par Dec 1, 2030.

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

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

Hawkview Metropolitan District

Nov 19, 2025 $11,805,000

Special Assessment Revenue Bonds, Series 2025 (Special Improvement District) (N) (book entry)

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

Due Dec 1, 2028 to 2045.

First coupon Jun 1, 2026.

2031-2045 Callable Dec 1, 2030 at 103.000%, declining to par Dec 1, 2030.

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

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

MW Retail Business Improvement District

Nov 21, 2025 $1,140,000

Special Revenue Bonds, Series 2025A (R) (bank qualified) (book entry)

Dated Nov 26, 2025.

Due Dec 1, 2027 to 2054.

First coupon Jun 1, 2026.

2030-2054 Callable Dec 1, 2029 at 103.000%, declining to par Dec 1, 2029.

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

CONNECTICUT

Connecticut Housing Finance Authority

Nov 12, 2025 $80,000,000

Weekly Variable Rate Housing Mortgage Finance Program Bonds, 2025 Series E 3 (Social Bonds) (Letter of Credit issued by: JPMorgan Chase Bank, National Association) (R) (book entry)

Dated Nov 13, 2025.

Due May 15, 2047 to Nov 15, 2051.

First coupon May 15, 2026.

Callable any time at par.

Purchased through negotiation by J.P. Morgan Securities LLC, 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

Harvest Hills South Community Development District

Nov 20, 2025 $20,000,000

Capital Improvement Revenue Bonds, Series 2025 (Assessment Area One) (R) (book entry)

Dated Dec 4, 2025.

Due May 1, 2027 to 2056.

First coupon May 1, 2026.

2037-2056 Callable May 1, 2036 at par.

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

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

Hillsborough County Housing Finance Authority

Nov 20, 2025 $19,200,000

Multifamily Housing Revenue Bonds, Series 2025 (Riverside Apartments) (Mandatory Tender Date: 12/01/2027) (R) (book entry)

Dated Dec 11, 2025.

Due Dec 1, 2028.

First coupon Jun 1, 2026.

Non-callable.

Purchased through negotiation by RBC Capital Markets, as follows:

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

F.A.: Hendrickson Company, Tallahassee, FL.

GEORGIA

Valdosta School System

Nov 20, 2025 $32,210,000

General Obligation Refunding Bonds, Series 2025A (Georgia State Aid Intercept Program) (L) (book entry) $22,805,000.

Dated Dec 23, 2025.

Due Feb 1, 2027 to 2033.

First coupon Aug 1, 2026.

Non-callable.

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

General Obligation Bonds, Series 2025B (Georgia State Aid Intercept Program) (L) (book entry) $9,405,000.

Dated Dec 23, 2025.

Due Feb 1, 2034 to 2035.

First coupon Aug 1, 2026.

2034-2035 Callable Feb 1, 2033 at par.

L.O.: Gray Pannell & Woodward LLP, Savannah, GA.

IOWA

Arnolds Park (City)

Nov 21, 2025 $4,995,000

General Obligation Capital Loan Notes, Series 2026 (G) (bank qualified) (book entry)

Dated Jan 7, 2026.

Due Jun 1, 2028 to 2037.

First coupon Dec 1, 2026.

2036-2037 Callable Jun 1, 2035 at par.

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

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

INDIANA

Indianapolis Local Public Improvement Bond Bank

Nov 20, 2025 $20,275,000

Bonds, Series 2025E (Ad Valorem Property Tax Funded Projects) (R) (book entry)

Dated Dec 11, 2025.

Due Jul 15, 2026 to 2045.

First coupon Jul 15, 2026.

2035-2045 Callable Jul 15, 2034 at par.

Purchased through negotiation by Loop Capital Markets, LLC, as follows:

L.O.: Bose McKinney & Evans LLP, Indianapolis, IN.

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

Twin Lakes School Building Corporation

Nov 20, 2025 $6,000,000

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

Dated Dec 17, 2025.

Due Jul 15, 2026 to Jan 15, 2036.

First coupon Jul 15, 2026.

Non-callable.

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

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

Danville Multi- School Building Corporation

Nov 20, 2025 $39,285,000

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

Dated Dec 17, 2025.

Due Jul 15, 2028 to Jan 15, 2045.

First coupon Jul 15, 2026.

2035-2045 Callable Jul 15, 2034 at par.

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

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

Greenfield Middle School Building Corporation

Nov 20, 2025 $12,740,000

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

Dated Dec 11, 2025.

Due Jul 15, 2026 to Jan 15, 2035.

First coupon Jul 15, 2026.

Non-callable.

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

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

Hendricks County Redevelopment Authority

Nov 21, 2025 $27,945,000

Lease Rental Revenue Bonds, Series 2025 (Ad Valorem Special Benefits Tax) (R) (book entry)

Dated Dec 16, 2025. Interest accrues Dec 16, 2025.

Due Jul 15, 2026 to Jan 15, 2045.

First coupon Jul 15, 2026.

2034-2045 Callable Jan 15, 2034 at par.

Purchased through negotiation by Baird, as follows:

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

F.A.: Financial Solutions Group, Inc., Plainfield, IN.

MASSACHUSETTS

Massachusetts Development Finance Agency

Nov 21, 2025 $184,385,000

Revenue Bonds, Series F (2025) (Tufts Medicine Issue) (Fixed Mode) (R) (book entry) $30,245,000.

Dated Dec 1, 2025.

Due Oct 1, 2031 to 2045.

First coupon Apr 1, 2026.

2036-2045 Callable Oct 1, 2035 at par.

Purchased through negotiation by BofA Securities, as follows:

L.O.: Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, P.C., Boston, MA.

MICHIGAN

Oxford Community Schools

Nov 21, 2025 $21,455,000

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

Dated Dec 17, 2025.

Due May 1, 2027 to 2032.

First coupon May 1, 2026.

Non-callable.

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.

Grand Rapids Economic Development Corporation

Nov 20, 2025 $175,000,000

Limited Obligation Revenue Bonds, Series 2025A (Beacon Hill at Eastgate Project) (R) (book entry) $108,000,000.

Dated Dec 18, 2025. Interest accrues Dec 18, 2025.

Due Nov 1, 2031 to 2060.

First coupon May 1, 2026.

2033-2060 Callable Nov 1, 2032 at 103.000%, declining to par Nov 1, 2032.

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

Limited Obligation Revenue Bonds, Series 2025B-1 (Beacon Hill at Eastgate Project) (R) (book entry) $12,250,000.

Dated Dec 18, 2025. Interest accrues Dec 18, 2025.

Due Nov 1, 2030.

First coupon May 1, 2026.

2030-2030 Callable Nov 1, 2026 at par.

Limited Obligation Revenue Bonds, Series 2025B-2 (Beacon Hill at Eastgate Project) (R) (book entry) $15,750,000.

Dated Dec 18, 2025. Interest accrues Dec 18, 2025.

Due Nov 1, 2030.

First coupon May 1, 2026.

2030-2030 Callable Nov 1, 2026 at par.

Limited Obligation Revenue Bonds, Series 2025B-3 (Beacon Hill at Eastgate Project) (R) (book entry) $39,000,000.

Dated Dec 18, 2025. Interest accrues Dec 18, 2025.

Due Nov 1, 2030.

First coupon May 1, 2026.

2030-2030 Callable Nov 1, 2026 at par.

L.O.: Dickinson Wright PLLC, Grand Rapids, MI.

MISSOURI

Marion C. Early R-V School District

Nov 21, 2025 $965,000

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

Dated Dec 10, 2025.

Due Mar 1, 2027 to 2036.

First coupon Sep 1, 2026.

Non-callable.

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

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

Cape Girardeau County Reorganized School District No. V

Nov 12, 2025 $785,000

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

Dated Dec 4, 2025. Interest accrues Dec 4, 2025.

Due Mar 1, 2028 to 2034.

First coupon Sep 1, 2026.

2032-2034 Callable Mar 1, 2031 at par.

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

L.O.: Kutak Rock, Kansas City, MO.

MONTANA

Helena School District No. 1

Nov 20, 2025 $31,500,000

General Obligation School Building Bonds, Series 2025 (O) (book entry)

Dated Dec 18, 2025. Interest accrues Dec 18, 2025.

Due Jul 1, 2028 to 2046.

First coupon Jan 1, 2027.

2036-2046 Callable Jan 1, 2036 at par.

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

Helena High School District No. 1

Nov 20, 2025 $130,000,000

General Obligation School Building Bonds, Series 2025 (O) (book entry)

Dated Dec 18, 2025. Interest accrues Dec 18, 2025.

Due Jul 1, 2028 to 2056.

First coupon Jan 1, 2027.

2036-2056 Callable Jan 1, 2036 at par.

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

NORTH CAROLINA

Sampson County

Nov 20, 2025 $23,000,000

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

Dated Dec 10, 2025.

Due Dec 1, 2026 to 2035.

First coupon Jun 1, 2026.

Non-callable.

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

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

F.A.: DEC Associates, Charlotte, NC.

NEBRASKA

Douglas County Sanitary and Improvement District No. 625 (Stratford West)

Nov 20, 2025 $1,500,000

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

Dated Dec 18, 2025. Interest accrues Dec 18, 2025.

Due Dec 15, 2030 to 2045.

First coupon Jun 15, 2026.

2031-2045 Callable Dec 15, 2030 at par.

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

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

F.A.: Bluestem Capital Partners, Elkhorn, NE.

Knox County School District 0096 (Crofton Community School)

Nov 21, 2025 $5,900,000

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

Dated Dec 15, 2025.

Due Dec 15, 2027 to 2045.

First coupon Jun 15, 2026.

2031-2045 Callable Dec 15, 2030 at par.

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

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

F.A.: Northland Securities, Inc., Minneapolis, MN.

NEW JERSEY

Burlington County Bridge Commission

Nov 20, 2025 $75,000,000

Lease Revenue Notes Series 2025D (R) (book entry)

Dated Dec 10, 2025.

Due Dec 9, 2026.

First coupon Dec 9, 2026.

Non-callable.

Purchased through negotiation by NW Capital a division of Windsor Financial Group, as follows:

L.O.: Malamut & Associates, LLC, Cherry Hill, NJ.

F.A.: Acacia Financial Group, Inc., Mount Laurel, NJ.

NEW YORK

New York City Municipal Water Finance Authority

Nov 20, 2025 $1,027,915,000

Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2026 Subseries AA-1 (R) (book entry) $600,000,000.

Dated Dec 2, 2025. Interest accrues Dec 2, 2025.

Due Jun 15, 2055.

First coupon Jun 15, 2026.

2055-2055 Callable Dec 15, 2035 at par.

Purchased through negotiation by Barclays Capital, BofA Securities, Goldman, Sachs & Co., Loop Capital Markets, LLC, Raymond James & Associates, Inc., Siebert Williams Shank & Co., L.L.C, Academy Securities Inc., Blaylock Van, LLC, Drexel Hamilton, LLC., FHN Financial Capital Markets, Fidelity Capital Markets, Great Pacific Securities, J.P. Morgan Securities LLC, Jefferies LLC, Morgan Stanley & Co., Inc., Ramirez & Co., Inc., RBC Capital Markets, Rice Financial Products Company, Roosevelt & Cross, Inc., Stern Brothers & Co., Stifel, Nicolaus & Co., Inc., TD Financial Products LLC, U.S. Bancorp Investments, Inc., Wells Fargo Corporate & Investment Banking, as follows:

Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2026 Subseries AA-2 (R) (book entry) $427,915,000.

Dated Dec 2, 2025. Interest accrues Dec 2, 2025.

Due Jun 15, 2031 to 2050.

First coupon Jun 15, 2026.

2036-2050 Callable Dec 15, 2035 at par.

L.O.: Nixon Peabody LLP, New York, NY; and Hardwick Law Firm, New York, NY.

F.A.: Frasca & Associates, L.L.C., Washington, DC.

Genesee County Funding Corporation

Nov 20, 2025 $150,000,000

Revenue Bonds, Series 2025A (Rochester Regional Health Energy Projects) (R) (book entry) $143,825,000.

Dated Dec 2, 2025.

Due Dec 1, 2039 to 2055.

First coupon Jun 1, 2026.

2039-2055 Callable Dec 1, 2035 at par.

Purchased through negotiation by BofA Securities, as follows:

L.O.: Harris Beach Murtha Cullina PLLC, New York, NY.

F.A.: Raymond James & Associates, Inc., New York, NY.

OHIO

Strongsville (City)

Nov 20, 2025 $22,075,000

General Obligation (Limited Tax) Various Purpose Improvement and Refunding Bonds, Series 2025 (L) (book entry)

Dated Dec 9, 2025.

Due Dec 1, 2026 to 2040.

First coupon Jun 1, 2026.

2035-2040 Callable Dec 1, 2034 at par.

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

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

F.A.: MAS Financial Advisory Services, Strongsville, OH.

Strongsville (City)

Nov 20, 2025 $10,000,000

General Obligation Fire Station Construction Notes, Series 2025 (Limited Tax) (L) (book entry)

Dated Dec 9, 2025.

Due Dec 9, 2026.

First coupon Dec 9, 2026.

Non-callable.

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

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

F.A.: MAS Financial Advisory Services, Strongsville, OH.

Huber Heights City School District

Nov 21, 2025 $32,295,000

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

Dated Dec 16, 2025. Interest accrues Dec 16, 2025.

Due Dec 1, 2026 to 2034.

First coupon Jun 1, 2026.

Non-callable.

Purchased through negotiation by Baird, as follows:

L.O.: Bricker Graydon LLP, Cleveland, OH.

F.A.: Bradley Payne LLC, Circleville, OH.

Hamilton County

Nov 20, 2025 $207,000,000

Sales Tax Bond Anticipation Notes Subordinate Series 2025 (Paycor Stadium Improvement Project) (R) (book entry)

Dated Dec 11, 2025.

Due Dec 1, 2026.

First coupon Dec 1, 2026.

Non-callable.

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

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

F.A.: PFM Financial Advisors LLC, Cleveland, OH.

OKLAHOMA

Cleveland County Home Loan Authority

Nov 20, 2025 $25,000,000

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

Dated Dec 10, 2025.

Due Jan 1, 2027 to Jul 1, 2056.

First coupon Jul 1, 2026.

2036-2056 Callable Jan 1, 2036 at par.

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

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

Muskogee County Public Safety Authority

Nov 20, 2025 $39,435,000

Capital Improvement Revenue Bonds, Series 2025 (R) (book entry)

Dated Dec 11, 2025. Interest accrues Dec 11, 2025.

Due Dec 1, 2026 to 2035.

First coupon Jun 1, 2026.

2031-2035 Callable Dec 1, 2030 at par.

Purchased through negotiation by SAMCO Capital Markets, as follows:

L.O.: Hilborne & Weidman, Tulsa, OK; and State Attorney General.

F.A.: The Baker Group, Oklahoma City, OK.

PENNSYLVANIA

Ellwood City Area School District

Nov 20, 2025 $10,000,000

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

Dated Dec 18, 2025. Interest accrues Dec 18, 2025.

Due Nov 15, 2026 to 2050.

First coupon May 15, 2026.

2031-2050 Callable Nov 15, 2030 at par.

Purchased through negotiation by PNC Capital Markets, as follows:

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

Hazleton Area School District

Nov 20, 2025 $9,825,000

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

Dated Dec 17, 2025.

Due Mar 1, 2027 to 2045.

First coupon Mar 1, 2026.

2032-2045 Callable Mar 1, 2031 at par.

Purchased through negotiation by RBC Capital Markets, as follows:

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

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

Pennsylvania Housing Finance Agency

Nov 20, 2025 $13,860,000

Special Limited Obligation Multifamily Housing Development Bonds, Series 2025 (Baldwin Towers) (Fannie Mae MBS-Secured) (R) (book entry)

Dated Dec 1, 2025.

Due May 1, 2026 to Nov 1, 2042.

First coupon May 1, 2026.

Non-callable.

Purchased through negotiation by Jefferies LLC, as follows:

L.O.: Saul Ewing LLP, Philadelphia, PA; and Wong Fleming, P.C., Philadelphia, PA.

SOUTH CAROLINA

South Carolina Housing Finance and Development Authority

Nov 20, 2025 $30,000,000

Multifamily Housing Revenue Bonds, Series 2025 (Seneca Mill Lofts Apartments Project) (Mandatory Put Date: 02/01/2030) (Conversion Date: 08/01/2028) (R) (book entry)

Dated Nov 28, 2025. Interest accrues Nov 28, 2025.

Due Jan 1, 2046.

First coupon Aug 1, 2026.

2046-2046 Callable Aug 1, 2028 at par.

Purchased through negotiation by KeyBanc Capital Markets, as follows:

L.O.: Parker, Poe, Adams & Bernstein, L.L.P., Columbia, SC.

The Summerville Municipal Facilities Corporation

Nov 20, 2025 $42,065,000

Installment Purchase Revenue Bonds, Series 2025 (Town of Summerville Project) (R) (book entry)

Dated Dec 10, 2025.

Due Oct 1, 2028 to 2055.

First coupon Oct 1, 2026.

2036-2055 Callable Oct 1, 2035 at par.

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

L.O.: Haynsworth Sinkler Boyd, P.A., Columbia, SC.

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

Medical University Hospital Authority

Nov 21, 2025 $254,370,000

FHA Insured Hospital Mortgage Revenue Bonds, Series 2025 (Indian Land Project) (R) (book entry)

Dated Dec 18, 2025.

Due Nov 15, 2028 to 2054.

First coupon May 15, 2026.

2033-2054 Callable Nov 15, 2032 at par.

Purchased through negotiation by BofA Securities, J.P. Morgan Securities LLC, PNC Capital Markets, as follows:

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

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

TENNESSEE

Oak Ridge Housing Authority

Nov 20, 2025 $24,500,000

Multifamily Housing Revenue Bonds, Series 2025 (Oak Ridge Redevelopment) (Mandatory Tender Date: 12/01/2028) (R) (book entry)

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

Due Dec 1, 2044.

First coupon Jun 1, 2026.

2044-2044 Callable Apr 1, 2028 at par.

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

L.O.: Bass, Berry & Sims PLC, Knoxville, TN.

TEXAS

Alvin College

Nov 20, 2025 $47,805,000

Maintenance Tax and Refunding Notes, Series 2025 (R) (book entry)

Dated Nov 15, 2025. Interest accrues Dec 11, 2025.

Due Feb 15, 2026 to 2045.

First coupon Feb 15, 2026.

2036-2045 Callable Feb 15, 2035 at par.

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

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

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

WISCONSIN

Public Finance Authority

Nov 21, 2025 $85,110,000

Revenue Anticipation Bonds, Series 2025 (Legacy Hills Project) (Texas Infrastructure Program) (R) (book entry)

Dated Nov 26, 2025. Interest accrues Nov 26, 2025.

Due Nov 15, 2045.

First coupon Nov 15, 2026.

2045-2045 Callable Nov 15, 2027 at par.

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

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

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

Phillips (City)

Nov 20, 2025 $2,040,000

General Obligation Promissory Notes (G) (bank qualified) (book entry)

Dated Dec 15, 2025. Interest accrues Dec 15, 2025.

Due Mar 1, 2026 to 2040.

First coupon Mar 1, 2026.

2036-2040 Callable Mar 1, 2033 at par.

Purchased through negotiation by Baird, as follows:

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

TAXABLE ISSUES

CALIFORNIA

California Municipal Finance Authority

Nov 20, 2025 $20,920,000

Charter School Revenue Bonds, Series 2025B (The Learning Choice Academy Obligated Group) (R) (book entry) (Taxable) $425,000.

Dated Dec 3, 2025. Interest accrues Dec 3, 2025.

Due Jul 1, 2026 to 2028.

First coupon Jul 1, 2026.

Non-callable.

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

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

F.A.: Key Charter Advisors, LLC, Sacramento, CA.

MASSACHUSETTS

Massachusetts Development Finance Agency

Nov 21, 2025 $184,385,000

Revenue Bonds, Series G (2025) (Tufts Medicine Issue) (R) (book entry) (Taxable) $154,140,000.

Dated Dec 1, 2025.

Due Oct 1, 2028 to 2030.

First coupon Apr 1, 2026.

Non-callable.

Purchased through negotiation by BofA Securities, as follows:

L.O.: Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, P.C., Boston, MA.

NEW YORK

Genesee County Funding Corporation

Nov 20, 2025 $150,000,000

Revenue Bonds, Series 2025B (Rochester Regional Health Energy Projects) (R) (book entry) (Taxable) $6,175,000.

Dated Dec 2, 2025.

Due Dec 1, 2032 to 2038.

First coupon Jun 1, 2026.

Non-callable.

Purchased through negotiation by BofA Securities, as follows:

L.O.: Harris Beach Murtha Cullina PLLC, New York, NY.

F.A.: Raymond James & Associates, Inc., New York, NY.

OHIO

Columbus Metropolitan Housing Authority

Nov 20, 2025 $17,200,000

General Revenue Bonds, Series 2025E (Aspirecolumbus Project) (R) (book entry) (Taxable)

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

Due Dec 1, 2028 to 2043.

First coupon Jun 1, 2026.

2028-2028 Callable Nov 1, 2027 at par, 2036-2043 Callable Dec 1, 2035 at par.

Purchased through negotiation by KeyBanc Capital Markets, as follows:

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

Columbus Metropolitan Housing Authority

Nov 20, 2025 $17,200,000

General Revenue Bonds, Series 2025E (Aspirecolumbus Project) (R) (book entry) (Taxable)

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

Due Dec 1, 2028 to 2043.

First coupon Jun 1, 2026.

2028-2028 Callable Nov 1, 2027 at par, 2036-2043 Callable Dec 1, 2035 at par.

Purchased through negotiation by KeyBanc Capital Markets, as follows:

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