Market Data
Results of negotiated sales: 11/25/2025

ARIZONA

Phoenix Industrial Development Authority

Nov 21, 2025 $79,145,000

Senior Rental Housing Revenue Refunding Bonds, Series 2025A (Christian Care Surprise, Inc. Project) (R) (book entry) $73,950,000.

Dated Dec 4, 2025.

Due Dec 1, 2033 to 2065.

First coupon Jun 1, 2026.

2034-2065 Callable Dec 1, 2033 at 102.000%, declining to par Dec 1, 2033.

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

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


COLORADO

Colorado Health Facilities Authority

Nov 6, 2025 $12,645,000

Revenue Bonds, Series 2025A (Mile High Behavioral Healthcare) (R) (book entry) $12,510,000.

Dated Nov 18, 2025.

Due Jun 15, 2028 to 2055.

First coupon Jun 15, 2026.

Callable any time at par.

Purchased through negotiation by Municipal Capital Markets Group, Inc., as follows:


Revenue Bonds, Series 2025B (Mile High Behavioral Healthcare) (R) (book entry) $135,000.

Dated Nov 18, 2025.

Due Jun 15, 2027.

First coupon Jun 15, 2026.

Non-callable.

L.O.: Kutak Rock, Denver, CO.

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


MINNESOTA

St. Paul Housing and Redevelopment Authority

Nov 7, 2025 $14,115,000

Charter School Lease Revenue Refunding Bonds, Series 2025A (Twin Cities Academy Project) (R) (book entry) $13,905,000.

Dated Dec 11, 2025.

Due Jul 1, 2028 to 2065.

First coupon Jan 1, 2026.

2033-2065 Callable Jul 1, 2032 at 103.000%, declining to par Jul 1, 2032.

Purchased through negotiation by Colliers Securities LLC, as follows:

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


NEBRASKA

Sanitary and Improvement District No. 365 of Sarpy County (Lakewood West)

Nov 17, 2025 $2,000,000

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

Dated 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 SouthState | DuncanWilliams Securities Corp., as follows:

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

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


TENNESSEE

Watts Bar Utility District

Nov 12, 2025 $13,055,000

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

Dated Nov 25, 2025.

Due Sep 1, 2028 to 2055.

First coupon Mar 1, 2026.

2036-2055 Callable Sep 1, 2035 at par.

Purchased through negotiation by Wiley Bros.-Aintree Capital LLC, as follows:

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


TEXAS

Denton Essential Investments PFC

Nov 13, 2025 $83,775,000

Essential Function Housing Development Bonds, (Jefferson Eden Village Townhomes) Series 2025A (R) (book entry) $74,395,000.

Dated Nov 20, 2025.

Due Jan 1, 2059.

First coupon Jan 1, 2026.

Non-callable.

Privately placed by Jefferies LLC, as follows:


Essential Function Housing Development Bonds, (Jefferson Eden Village Townhomes) Subordinate Series 2025B (R) (book entry) $9,380,000.

Dated Nov 20, 2025.

Due Jan 1, 2059.

First coupon Jan 1, 2026.

Non-callable.


UTAH

Utah Housing Corporation

Nov 6, 2025 $30,000,000

Single Family Mortgage Bonds, 2025 Series 2 (R) (book entry)

Dated Dec 18, 2025.

Due Jan 1, 2027 to 2056.

First coupon Jul 1, 2026.

Callable Jan 1, 2036 at par.

Purchased through negotiation by ZIONS BANK division of ZB, N.A., as follows:

L.O.: Gilmore & Bell, Salt Lake City, UT.

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


TAXABLE ISSUES


ARIZONA

Phoenix Industrial Development Authority

Nov 21, 2025 $79,145,000

Senior Rental Housing Revenue Refunding Bonds, Series 2025B (Christian Care Surprise, Inc. Project) (R) (book entry) (Taxable) $5,195,000.

Dated Dec 4, 2025.

Due Dec 1, 2026 to 2033.

First coupon Jun 1, 2026.

Non-callable.

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

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


ILLINOIS

Bridgeview Park District

Nov 18, 2025 $730,000

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

Dated Nov 28, 2025.

Due Dec 1, 2026.

First coupon Dec 1, 2026.

Non-callable.

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

L.O.: Louis F. Cainkar, Ltd., Chicago, IL.


Summit Park District

Nov 18, 2025 $987,000

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

Dated Nov 28, 2025.

Due Dec 1, 2028.

First coupon Jun 1, 2026.

Non-callable.

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

L.O.: Louis F. Cainkar, Ltd., Chicago, IL.


MINNESOTA

St. Paul Housing and Redevelopment Authority

Nov 7, 2025 $14,115,000

Charter School Lease Revenue Refunding Bonds, Series 2025B (Twin Cities Academy Project) (R) (book entry) (Taxable) $210,000.

Dated Dec 11, 2025.

Due Jul 1, 2026 to 2028.

First coupon Jan 1, 2026.

Non-callable.

Purchased through negotiation by Colliers Securities LLC, as follows:

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