Market Data
Results of negotiated sales: 12/03/2025

IOWA

Indianola Community School District

Dec 2, 2025 $29,995,000

School Infrastructure Sales, Services and Use Tax Revenue Bonds, Series 2025 (R) (book entry)

Dated Dec 18, 2025.

Due Jun 1, 2030 to 2050.

First coupon Jun 1, 2026.

2035-2050 Callable Jun 1, 2034 at par.

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

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


Mitchell County

Dec 2, 2025 $4,545,000

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

Dated Dec 30, 2025. Interest accrues Dec 30, 2025.

Due Jun 1, 2027 to 2029.

First coupon Jun 1, 2026.

Non-callable.

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

L.O.: Dorsey & Whitney, Des Moines, IA.


ILLINOIS

Shawnee Community College District No. 531 (Union, Alexander, Massac, et al Cos)

Dec 2, 2025 $5,305,000

General Obligation Community College Bonds, Series 2025D (G) (bank qualified) (book entry) $2,420,000.

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

Due Dec 1, 2030 to 2032.

First coupon Dec 1, 2026.

Non-callable.

Purchased through negotiation by Baird, as follows:

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

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


MARYLAND

Maryland Community Development Administration Department of Housing and Community Development

Dec 2, 2025 $7,420,000

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

Dated Dec 18, 2025.

Due Oct 1, 2027 to Jul 1, 2045.

First coupon Jan 1, 2026.

2034-2045 Callable Jul 1, 2033 at par.

Purchased through negotiation by RBC Capital Markets, BofA Securities, Jefferies LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co., Inc., Wells Fargo Corporate & Investment Banking, American Veterans Group, Loop Capital Markets, LLC, as follows:

L.O.: Kutak Rock, Washington, DC.

F.A.: Caine, Mitter & Associates, New York, NY; and People First Financial Advisors, Landover, MD.


MISSOURI

Neosho School District

Dec 2, 2025 $3,880,000

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

Dated Dec 18, 2025.

Due Mar 1, 2028 to 2037.

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.


NEW YORK

New York State Housing Finance Agency

Dec 2, 2025 $185,640,000

Affordable Housing Revenue Bonds, 2025 Series F Subseries F 1 (Sustainability Bonds) (R) (book entry) $38,770,000.

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

Due May 1, 2029 to 2056.

First coupon May 1, 2026.

2031-2056 Callable May 1, 2031 at par.

Purchased through negotiation by Siebert Williams Shank & Co., L.L.C, J.P. Morgan Securities LLC, Jefferies LLC, Morgan Stanley & Co., Inc., Ramirez & Co., Inc., RBC Capital Markets, Bancroft Capital, LLC, Barclays Capital, BofA Securities, Loop Capital Markets, LLC, Stern Brothers & Co., Wells Fargo Corporate & Investment Banking, as follows:


Affordable Housing Revenue Bonds, 2025 Series F Subseries F 2 (Sustainability Bonds) (Mandatory Put Date: 05/01/2030) (Mandatory Tender Date: 05/01/2031) (R) (book entry) $146,870,000.

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

Due May 1, 2056.

First coupon May 1, 2026.

2056-2056 Callable May 1, 2028 at par, 2056-2056 Callable May 1, 2029 at par.

L.O.: Hawkins, Delafield & Wood, New York, NY; and Pearlman & Miranda, LLC, New York, NY.

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


New York State Housing Finance Agency

Dec 2, 2025 $185,640,000

Affordable Housing Revenue Bonds, 2025 Series F Subseries F 2 (Sustainability Bonds) (Mandatory Put Date: 05/01/2030) (Mandatory Tender Date: 05/01/2031) (R) (book entry) $146,870,000.

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

Due May 1, 2056.

First coupon May 1, 2026.

2056-2056 Callable May 1, 2028 at par, 2056-2056 Callable May 1, 2029 at par.


Contract Assessment Revenue Bonds, Series 2025 (Wildhorse Ranch Public Improvement District Improvement Area No. 2 Project) (R) (book entry) $5,419,000.

Dated Dec 1, 2025. Interest accrues Dec 30, 2025.

Due Sep 1, 2026 to 2055.

First coupon Mar 1, 2026.

2031-2056 Callable May 1, 2031 at par.

Purchased through negotiation by Siebert Williams Shank & Co., L.L.C, J.P. Morgan Securities LLC, Jefferies LLC, Morgan Stanley & Co., Inc., Ramirez & Co., Inc., RBC Capital Markets, Bancroft Capital, LLC, Barclays Capital, BofA Securities, Loop Capital Markets, LLC, Stern Brothers & Co., Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Hawkins, Delafield & Wood, New York, NY; and Pearlman & Miranda, LLC, New York, NY.

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


TEXAS

Hays County

Dec 2, 2025 $12,251,000

Special Assessment Revenue Refunding Bonds, Series 2025 (La Cima Public Improvement District Major Improvement Project) (N) (book entry)

Dated Dec 18, 2025.

Due Sep 15, 2026 to 2045.

First coupon Mar 15, 2026.

2036-2045 Callable Sep 15, 2035 at par.

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

L.O.: Orrick, Herrington & Sutcliffe, Austin, TX; and State Attorney General.

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


Hays County

Dec 2, 2025 $4,495,000

Special Assessment Revenue Bonds, Series 2025 (La Cima Public Improvement District Neighborhood Improvement Area No 3 Project) (N) (book entry)

Dated Dec 1, 2025. Interest accrues Dec 18, 2025.

Due Sep 15, 2026 to 2052.

First coupon Mar 15, 2026.

2034-2052 Callable Sep 15, 2033 at par.

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

L.O.: Orrick, Herrington & Sutcliffe, Austin, TX; and State Attorney General.

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


TAXABLE ISSUES


ILLINOIS

Shawnee Community College District No. 531 (Union, Alexander, Massac, et al Cos)

Dec 2, 2025 $5,305,000

General Obligation Community College Bonds, Series 2025C (G) (book entry) (Taxable) $2,885,000.

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

Due Dec 1, 2026 to 2030.

First coupon Dec 1, 2026.

Non-callable.

Purchased through negotiation by Baird, as follows:

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

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


INDIANA

Scott County

Dec 1, 2025 $4,855,000

Judgement Funding Bonds, Series 2025 (L) (book entry) (Taxable)

Dated Dec 9, 2025.

Due Jul 1, 2026 to Jan 1, 2045.

First coupon Jul 1, 2026.

2036-2045 Callable Jul 1, 2035 at par.

Privately placed by Baird, as follows:

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

F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.