CALIFORNIA
San Francisco Airport Commission (City and County)
Dec 2, 2025 $900,885,000
Second Series Revenue Bonds, Series 2025D (San Francisco International Airport) (R) (book entry) (AMT) $847,850,000.
Dated Dec 17, 2025.
Due May 1, 2029 to 2055.
First coupon May 1, 2026.
2051-2055 Callable May 1, 2035 at par.
Purchased through negotiation by J.P. Morgan Securities LLC, Barclays Capital, BofA Securities, Goldman, Sachs & Co., Ramirez & Co., Inc., RBC Capital Markets, as follows:
Second Series Revenue Bonds, Series 2025E (Governmental Purpose) (San Francisco International Airport) (R) (book entry) $53,035,000.
Dated Dec 17, 2025.
Due May 1, 2045 to 2046.
First coupon May 1, 2026.
2045-2046 Callable May 1, 2035 at par.
L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.
F.A.: Backstrom McCarley Berry & Co., LLC, San Francisco, CA; and PFM Financial Advisors LLC, San Francisco, CA.
Moreno Valley Unified School District
Dec 3, 2025 $19,435,000
2025 General Obligation Refunding Bonds, Series B (G) (book entry)
Dated Dec 16, 2025.
Due Aug 1, 2026 to 2040.
First coupon Feb 1, 2026.
2037-2040 Callable Aug 1, 2035 at par.
Purchased through negotiation by Piper Sandler & Co, as follows:
L.O.: Stradling, Yocca, Carlson & Rauth, San Francisco, CA.
F.A.: Fieldman, Rolapp & Associates, Irvine, CA.
City of Lincoln Community Facilities District No. 2025-1
Dec 3, 2025 $11,995,000
Special Tax Bonds, Series 2025 (R) (book entry)
Dated Dec 18, 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.: Stradling, Yocca, Carlson & Rauth, Newport Beach, CA.
F.A.: PFM Financial Advisors LLC, San Francisco, CA.
Pasadena Unified School District
Dec 2, 2025 $300,000,000
Election of 2020, General Obligation Bonds, Series D (G) (book entry) $250,000,000.
Dated Dec 16, 2025.
Due Aug 1, 2027 to 2050.
First coupon Feb 1, 2026.
2036-2050 Callable Aug 1, 2035 at par.
Purchased through negotiation by Raymond James & Associates, Inc., Cabrera Capital Markets, LLC, Siebert Williams Shank & Co., L.L.C, as follows:
General Obligation Bonds, 2024 Election 2025 Series A (G) (book entry) $50,000,000.
Dated Dec 16, 2025.
Due Aug 1, 2027 to 2031.
First coupon Feb 1, 2026.
Non-callable.
L.O.: Dannis Woliver Kelley, Long Beach, CA.
F.A.: Dale Scott Co., San Francisco, CA.
Selma Unified School District
Dec 3, 2025 $13,000,000
Election Of 2022 General Obligation Bonds, Series B (G) (book entry)
Dated Dec 17, 2025.
Due Aug 1, 2027 to 2053.
First coupon Feb 1, 2026.
2034-2053 Callable Aug 1, 2033 at par.
Purchased through negotiation by Piper Sandler & Co, as follows:
L.O.: Stradling, Yocca, Carlson & Rauth, San Francisco, CA.
F.A.: Keygent LLC, El Segundo, CA.
Burlingame Elementary School District
Dec 2, 2025 $25,500,000
General Obligation Bonds, Election of 2020, Series C (G) (book entry)
Dated Dec 16, 2025.
Due Aug 1, 2027 to 2049.
First coupon Feb 1, 2026.
2036-2049 Callable Aug 1, 2035 at par.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:
L.O.: Dannis Woliver Kelley, Long Beach, CA.
F.A.: KNN Public Finance, Berkeley, CA.
Sutter Butte Flood Control Agency
Dec 2, 2025 $42,135,000
Assessment Revenue Refunding Bonds, Series 2025 (R) (book entry)
Dated Dec 18, 2025.
Due Oct 1, 2026 to 2040.
First coupon Apr 1, 2026.
2036-2040 Callable Oct 1, 2035 at par.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:
L.O.: Jones Hall LLP, San Mateo, CA.
F.A.: KNN Public Finance, Berkeley, CA.
COLORADO
El Paso County Colorado School District 49
Dec 2, 2025 $43,300,000
Certificates of Participation, Series 2025 (C) (book entry)
Dated Dec 15, 2025.
Due Dec 15, 2026 to 2039.
First coupon Jun 15, 2026.
2036-2039 Callable Dec 15, 2035 at par.
Purchased through negotiation by RBC Capital Markets, as follows:
L.O.: Butler Snow, LLP, Denver, CO.
Redlands 360 Metropolitan District No. 2
Dec 3, 2025 $7,385,000
Special Improvement District No. 1, Special Assessment Revenue Bonds, Series 2025 (R) (book entry)
Dated Dec 9, 2025. Interest accrues Dec 9, 2025.
Due Dec 1, 2030 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.: Greenberg Traurig, LLP, Denver, CO.
Redlands 360 Metropolitan District No. 2
Dec 3, 2025 $9,575,000
Limited Tax General Obligation Senior Bonds, Series 2025A (L) (book entry)
Dated Dec 9, 2025. Interest accrues Dec 9, 2025.
Due Dec 1, 2031 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.: Greenberg Traurig, LLP, Denver, CO.
DELAWARE
Delaware State Housing Authority
Dec 3, 2025 $85,000,000
Senior Single Family Mortgage Revenue Bonds, 2025 Series E (R) (book entry)
Dated Dec 30, 2025.
Due Jan 1, 2027 to 2056.
First coupon Jul 1, 2026.
2034-2056 Callable Jan 1, 2034 at par.
Purchased through negotiation by J.P. Morgan Securities LLC, BofA Securities, Raymond James & Associates, Inc., RBC Capital Markets, Stifel, Nicolaus & Co., Inc., as follows:
L.O.: Greenberg Traurig, LLP, Wilmington, DE; and Greenberg Traurig, LLP, Washington, DC.
F.A.: CSG Advisors Inc., Bronxville, NY.
FLORIDA
Highland Trails Community Development District
Dec 2, 2025 $20,500,000
Capital Improvement Revenue Bonds, Series 2025 (Assessment Area Two) (R) (book entry)
Dated Dec 10, 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.
GEORGIA
Georgia Housing and Finance Authority
Dec 3, 2025 $203,660,000
Single Family Mortgage Bonds, 2025 Series G (R) (book entry)
Dated Dec 18, 2025.
Due Dec 1, 2035 to 2055.
First coupon Jun 1, 2026.
2035-2055 Callable Dec 1, 2033 at par.
Purchased through negotiation by Morgan Stanley & Co., Inc., Raymond James & Associates, Inc., BofA Securities, J.P. Morgan Securities LLC, RBC Capital Markets, Wells Fargo Corporate & Investment Banking, as follows:
L.O.: Kutak Rock, Atlanta, GA.
IOWA
Cascade (City)
Dec 3, 2025 $1,420,000
General Obligation Corporate Purpose Bonds, Series 2025 (G) (bank qualified) (book entry)
Dated Dec 30, 2025. Interest accrues Dec 30, 2025.
Due Jun 1, 2027 to 2036.
First coupon Dec 1, 2026.
2034-2036 Callable Jun 1, 2033 at par.
Purchased through negotiation by D.A. Davidson & Co., as follows:
L.O.: Dorsey & Whitney, Des Moines, IA.
INDIANA
IPS Multi-School Building Corporation
Dec 2, 2025 $121,205,000
Unlimited Ad Valorem Property Tax First Mortgage Bonds, Series 2025 (Social Bonds) (Indiana State Aid Intercept Program) (R) (book entry)
Dated Dec 18, 2025.
Due Jan 15, 2029 to Jul 15, 2045.
First coupon Jan 15, 2026.
2035-2045 Callable Jul 15, 2034 at par.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., Loop Capital Markets, LLC, Blaylock Van, LLC, as follows:
L.O.: Ice Miller, Indianapolis, IN.
F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.
Indiana Finance Authority
Dec 2, 2025 $175,000,000
Weekly Variable Rate Revenue Bonds, Series 2025D2 (Ascension Senior Credit Group) (R) (book entry)
Dated Dec 4, 2025.
Due Nov 15, 2052 to 2054.
First coupon Jan 2, 2026.
Callable any time at par.
Purchased through negotiation by Jefferies LLC, as follows:
L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.
F.A.: Kaufman, Hall & Associates, LLC, Chicago, IL.
MASSACHUSETTS
Massachusetts Housing Finance Agency
Dec 2, 2025 $62,385,000
Single Family Housing Revenue Bonds, Series 249 (Social Bonds) (R) (book entry)
Dated Dec 17, 2025.
Due Jun 1, 2038 to Dec 1, 2055.
First coupon Jun 1, 2026.
2038-2055 Callable Jun 1, 2033 at par.
Purchased through negotiation by Jefferies LLC, Blaylock Van, LLC, BofA Securities, Hilltop Securities Inc., Siebert Williams Shank & Co., L.L.C, Loop Capital Markets, LLC, Raymond James & Associates, Inc., Morgan Stanley & Co., Inc., RBC Capital Markets, Academy Securities Inc., American Veterans Group, Amerivet Securities, Inc., Bancroft Capital, LLC, Barclays Capital, Drexel Hamilton, LLC., Fidelity Capital Markets, J.P. Morgan Securities LLC, Mischler Financial Group, Inc., Ramirez & Co., Inc., Rice Financial Products Company, Stifel, Nicolaus & Co., Inc., TD Financial Products LLC, Wells Fargo Corporate & Investment Banking, as follows:
L.O.: Troutman Pepper Locke LLP, Providence, RI.
F.A.: CFX Incorporated, New York, NY.
MARYLAND
Maryland Community Development Administration
Dec 3, 2025 $22,250,000
Multifamily Development Revenue Bonds, Series 2025 I 1 (Fannie Mae MBS-Secured) (Sustainability Bonds) (Belvedere Place Apartments) (R) (book entry) $7,235,000.
Dated Dec 18, 2025.
Due Aug 1, 2029 to Feb 1, 2044.
First coupon Feb 1, 2026.
Non-callable.
Purchased through negotiation by Wells Fargo Corporate & Investment Banking, BofA Securities, J.P. Morgan Securities LLC, Jefferies LLC, Morgan Stanley & Co., Inc., RBC Capital Markets, American Veterans Group, Loop Capital Markets, LLC, as follows:
Multifamily Development Revenue Bonds, Series 2025 I 2 (Cash-Collateralized) (Sustainability Bonds) (Belvedere Place Apartments) (R) (book entry) $15,015,000.
Dated Dec 18, 2025.
Due Jan 1, 2028.
First coupon Feb 1, 2026.
Non-callable.
L.O.: Kutak Rock, Washington, DC.
F.A.: Caine, Mitter & Associates, New York, NY; and People First Financial Advisors, Landover, MD.
MISSOURI
Republic Reorganized School District No. 3
Dec 3, 2025 $1,130,000
General Obligation Refunding Bonds, Series 2025B (Missouri Direct Deposit Program) (G) (book entry)
Dated Dec 19, 2025.
Due Mar 1, 2031 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.
NEBRASKA
Centennial Public School District No. 0567
Dec 3, 2025 $7,900,000
General Obligation Bonds, Series 2025 (G) (bank qualified) (book entry)
Dated Dec 15, 2025. Interest accrues Dec 15, 2025.
Due Dec 15, 2026 to 2045.
First coupon Jun 15, 2026.
2031-2045 Callable Dec 15, 2030 at par.
Purchased through negotiation by D.A. Davidson & Co., as follows:
L.O.: Gilmore & Bell, Omaha, NE.
Alliance (City)
Dec 3, 2025 $1,110,000
Revenue Bonds, Series 2025 (R) (bank qualified) (book entry)
Dated Dec 16, 2025. Interest accrues Dec 16, 2025.
Due Dec 15, 2026 to 2035.
First coupon Jun 15, 2026.
2031-2035 Callable Dec 16, 2030 at par.
Purchased through negotiation by Northland Securities, Inc., as follows:
L.O.: Kutak Rock, Omaha, NE.
Ashland Rural Fire Protection District No. 1
Dec 3, 2025 $2,030,000
Limited Tax Bonds, Series 2025 (L) (bank qualified) (book entry)
Dated Dec 16, 2025.
Due Dec 15, 2026 to 2035.
First coupon Jun 15, 2026.
2031-2035 Callable Dec 16, 2030 at par.
Purchased through negotiation by Piper Sandler & Co, as follows:
L.O.: Baird, Holm, LLP, Omaha, NE.
NEW JERSEY
Camden County Improvement Authority
Dec 2, 2025 $27,825,000
County Guaranteed Loan Revenue Bonds, Series A of 2025 (County Capital Program) (R) (book entry) $13,985,000.
Dated Dec 11, 2025.
Due Jan 15, 2027 to 2042.
First coupon Jul 15, 2026.
2036-2042 Callable Jan 15, 2035 at par.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., Raymond James & Associates, Inc., as follows:
County Guaranteed Loan Revenue Bonds, Series B of 2025 (County Capital Program) (R) (book entry) $13,840,000.
Dated Dec 11, 2025.
Due Jan 15, 2027 to 2032.
First coupon Jul 15, 2026.
Non-callable.
L.O.: Parker, McCay, P.A., Mount Laurel, NJ.
F.A.: Acacia Financial Group, Inc., Mount Laurel, NJ.
Hudson County Improvement Authority
Dec 2, 2025 $44,220,000
County of Hudson Guaranteed Revenue Bonds, Series 2025 (Bayfront Promenade Project) (R) (book entry)
Dated Dec 11, 2025. Interest accrues Dec 11, 2025.
Due Feb 1, 2029 to 2038.
First coupon Feb 1, 2026.
Non-callable.
Purchased through negotiation by UMB Bank, N.A.., as follows:
L.O.: McManimon Scotland & Baumann, Roseland, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
NEW YORK
Monroe County Industrial Development Corporation
Dec 2, 2025 $224,495,000
Revenue Bonds, Series 2025A (University of Rochester Project) (R) (book entry) $122,515,000.
Dated Dec 16, 2025.
Due Jul 1, 2027 to 2045.
First coupon Jan 1, 2026.
2036-2045 Callable Jul 1, 2035 at par.
Purchased through negotiation by BofA Securities, Barclays Capital, Siebert Williams Shank & Co., L.L.C, as follows:
L.O.: Nixon Peabody LLP, New York, NY.
F.A.: PFM Financial Advisors LLC, New York, NY.
OHIO
Vandalia (City)
Dec 3, 2025 $18,000,000
Works Facility (General Obligation Limited Tax) Bond Anticipation Notes, Series 2025 (Ohio Market Access Program) (L) (book entry)
Dated Dec 17, 2025. Interest accrues Dec 17, 2025.
Due Dec 2, 2026.
Non-callable.
Purchased through negotiation by Raymond James & Associates, Inc., as follows:
North Ridgeville City School District
Dec 3, 2025 $21,170,000
General Obligation School Improvement Bonds, Series 2025 (G) (book entry)
Dated Dec 16, 2025.
Due Dec 1, 2026 to 2062.
First coupon Jun 1, 2026.
2031-2062 Callable Dec 1, 2030 at par.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:
L.O.: Squire Patton Boggs (US) LLP, Cleveland, OH.
F.A.: Sudsina & Associates, Aurora, OH.
Pataskala (City)
Dec 2, 2025 $3,475,000
Water System Improvement (General Obligation Limited tax) Bond Anticipation Notes, Series 2025 (Ohio Market Access Program) (L) (bank qualified) (book entry)
Dated Dec 16, 2025. Interest accrues Dec 16, 2025.
Due Dec 15, 2026.
First coupon Dec 15, 2026.
Non-callable.
Purchased through negotiation by D.A. Davidson & Co., as follows:
L.O.: Dinsmore & Shohl LLP, Columbus, OH.
F.A.: Bradley Payne Advisors, Cincinnati, OH.
PENNSYLVANIA
Mars Area School District
Dec 2, 2025 $10,000,000
General Obligation (Limited Tax) Bonds, Series of 2025 (L) (bank qualified) (book entry)
Dated Dec 23, 2025. Interest accrues Dec 23, 2025.
Due Sep 1, 2026 to 2043.
First coupon Mar 1, 2026.
2031-2043 Callable Mar 1, 2031 at par.
Purchased through negotiation by PNC Capital Markets, as follows:
L.O.: Dinsmore & Shohl LLP, Pittsburgh, PA.
Franklin Area School District
Dec 3, 2025 $1,790,000
General Obligation (Limited Tax) Bonds, Series of 2025 (L) (bank qualified) (book entry)
Dated Dec 23, 2025.
Due Nov 1, 2026 to 2040.
First coupon May 1, 2026.
2031-2040 Callable Nov 1, 2030 at par.
Purchased through negotiation by PNC Capital Markets, as follows:
L.O.: Knox McLauglin Gornall and Sennett, P.C., Erie, PA.
South Western School District
Dec 2, 2025 $7,875,000
General Obligation Bonds, Series A of 2025 (L) (book entry)
Dated Dec 30, 2025.
Due Nov 15, 2026 to 2034.
First coupon May 15, 2026.
Non-callable.
Purchased through negotiation by RBC Capital Markets, as follows:
L.O.: Saxton & Stump, LLC, Lancaster, PA.
F.A.: PFM Financial Advisors LLC, Harrisburg, PA.
TEXAS
Arlington Independent School District
Dec 2, 2025 $60,570,000
Refunding Bonds, Series 2025A (Permanant School Fund Guarantee Program) (G) (book entry)
Dated Dec 1, 2025. Interest accrues Dec 18, 2025.
Due Feb 15, 2026 to 2042.
First coupon Feb 15, 2026.
2036-2042 Callable Feb 15, 2035 at par.
Purchased through negotiation by Siebert Williams Shank & Co., L.L.C, Frost Bank, UMB Bank, N.A., as follows:
L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.
F.A.: Hilltop Securities Inc., Dallas, TX.
Springtown Independent School District
Dec 2, 2025 $27,745,000
Refunding Bonds, Series 2025 (Permanent School Fund Guarantee Program) (G) (book entry)
Dated Dec 1, 2025. Interest accrues Dec 1, 2025.
Due Feb 15, 2026 to 2038.
First coupon Feb 15, 2026.
2036-2038 Callable Aug 15, 2035 at par.
Purchased through negotiation by Jefferies LLC, Wells Fargo Corporate & Investment Banking, as follows:
L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.
F.A.: SAMCO Capital Markets, Plano, TX.
Jarrell Independent School District
Dec 2, 2025 $55,000,000
School Building Bonds, Series 2025 (Permanent School Fund Guarantee Program) (G) (book entry)
Dated Dec 15, 2025. Interest accrues Dec 18, 2025.
Due Feb 15, 2028 to 2055.
First coupon Feb 15, 2026.
2036-2055 Callable Feb 15, 2035 at par.
Purchased through negotiation by Cabrera Capital Markets, LLC, BOK Financial Securities, TRB Capital Markets, LLC, as follows:
L.O.: Leon Alcala, PLLC, Austin, TX; and State Attorney General.
F.A.: Frost Bank, San Antonio, TX.
Judson Independent School District
Dec 2, 2025 $99,415,000
Refunding Bonds, Series 2025A (Permanent School Fund Guarantee Program) (G) (book entry) $97,850,000.
Dated Dec 15, 2025. Interest accrues Dec 15, 2025.
Due Feb 1, 2028 to 2039.
First coupon Feb 1, 2026.
2036-2039 Callable Feb 1, 2035 at par.
Purchased through negotiation by TCBI Securities, Inc d/b/a Texas Capital Securities, RBC Capital Markets, TRB Capital Markets, LLC, Frost Bank, as follows:
Refunding Bonds, Series 2025B (G) (book entry) $1,565,000.
Dated Dec 15, 2025. Interest accrues Dec 15, 2025.
Due Feb 1, 2033 to 2038.
First coupon Feb 1, 2026.
2036-2038 Callable Feb 1, 2035 at par.
L.O.: Cantu Harden Montoya LLP, San Antonio, TX; Walsh Gallegos Kyle Robinson & Roalson P.C.,, San Antonio, TX; and State Attorney General.
F.A.: SAMCO Capital Markets, San Antonio, TX.
Tarrant County Cultural Education Facilities Finance Corporation
Dec 2, 2025 $175,000,000
Weekly Variable Rate Revenue Bonds, Series 2025E-1 (Ascension Senior Credit Group) (R) (book entry)
Dated Dec 4, 2025.
Due Nov 15, 2055 to 2065.
First coupon Jan 2, 2026.
Callable any time at par.
Purchased through negotiation by Morgan Stanley & Co., Inc., as follows:
L.O.: Orrick, Herrington & Sutcliffe, Austin, TX; and State Attorney General.
F.A.: Kaufman, Hall & Associates, LLC, Chicago, IL.
Waxahachie Independent School District
Dec 2, 2025 $31,580,000
Refunding Bonds, Series 2025 (Permanent School Fund Guarantee Program) (G) (book entry)
Dated Dec 1, 2025. Interest accrues Dec 1, 2025.
Due Feb 15, 2026 to 2039.
First coupon Feb 15, 2026.
2036-2039 Callable Aug 15, 2035 at par.
Purchased through negotiation by Wells Fargo Corporate & Investment Banking, Hilltop Securities Inc., as follows:
L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.
F.A.: SAMCO Capital Markets, Plano, TX.
Lavon (City)
Dec 2, 2025 $13,225,000
Special Assessment Revenue Bonds, Series 2025 (Elevon Public Improvement District Zone 2 Remainder Area Project) (N) (book entry)
Dated Dec 18, 2025.
Due Sep 15, 2027 to 2055.
First coupon Mar 15, 2026.
2036-2055 Callable Sep 15, 2035 at par.
Purchased through negotiation by FMSbonds, Inc., as follows:
L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.
F.A.: Hilltop Securities Inc., Dallas, TX.
Lavon (City)
Dec 2, 2025 $23,740,000
Special Assessment Revenue Bonds, Series 2025 (Elevon Public Improvement District Improvement Area No 3-5 Project) (N) (book entry)
Dated Dec 18, 2025.
Due Sep 15, 2027 to 2055.
First coupon Mar 15, 2026.
2036-2055 Callable Sep 15, 2035 at par.
Purchased through negotiation by FMSbonds, Inc., as follows:
L.O.: McCall Parkhurst & Horton, Dallas, TX; and State Attorney General.
F.A.: Hilltop Securities Inc., Dallas, TX.
WISCONSIN
Public Finance Authority
Nov 20, 2025 $28,765,000
Educational Facilities Revenue Bonds, Series 2025A (Rethinkforward, Inc. Projects) (R) (book entry) $27,345,000.
Dated Nov 21, 2025.
Due Jul 1, 2028 to 2054.
First coupon Jan 1, 2026.
2033-2054 Callable Jul 1, 2032 at 102.000%, declining to par Jul 1, 2032.
Purchased through negotiation by HJ Sims & Co., as follows:
Educational Facilities Revenue Bonds, Subordinate Series 2025B (Rethinkforward, Inc. Projects) (R) (book entry) $1,000,000.
Dated Nov 21, 2025.
Due Jul 1, 2054.
First coupon Jan 1, 2026.
2054-2054 Callable Jul 1, 2032 at par.
L.O.: Adams & Reese LLP, Nashville, TN.
Sparta Area School District
Dec 3, 2025 $8,450,000
General Obligation Promissory Notes (G) (bank qualified) (book entry)
Dated Dec 22, 2025. Interest accrues Dec 22, 2025.
Due Mar 1, 2038 to 2045.
First coupon Mar 1, 2026.
2038-2045 Callable Mar 1, 2034 at par.
Purchased through negotiation by Baird, as follows:
L.O.: Quarles & Brady, Milwaukee, WI.
Public Finance Authority
Dec 2, 2025 $29,640,000
Education Revenue Bonds, Series 2025A (Pinecrest Academy of Nevada) Pinecrest Academy Springs Campus Project) (R) (book entry) $29,230,000.
Dated Dec 10, 2025. Interest accrues Dec 10, 2025.
Due Jul 15, 2029 to 2033.
First coupon Jul 15, 2026.
2030-2033 Callable Jul 15, 2029 at par.
Purchased through negotiation by Baird, D.A. Davidson & Co., as follows:
L.O.: Gilmore & Bell, Salt Lake City, UT.
F.A.: Specialized Public Finance Inc., Dallas, TX.
FORWARDS
CALIFORNIA
San Mateo Union High School District
Dec 2, 2025 $79,555,000
2026 General Obligation Refunding Bonds, (Forward Delivery) (G) (book entry)
Dated Jun 4, 2026.
Due Sep 1, 2026 to 2039.
First coupon Sep 1, 2026.
2037-2039 Callable Sep 1, 2036 at par.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:
L.O.: Stradling, Yocca, Carlson & Rauth, San Francisco, CA.
F.A.: Keygent LLC, El Segundo, CA.
TAXABLE ISSUES
GEORGIA
Georgia Housing and Finance Authority
Dec 3, 2025 $38,115,000
Single Family Mortgage Bonds, 2025 Series H (R) (book entry) (Taxable)
Dated Dec 18, 2025.
Due Jun 1, 2026 to Dec 1, 2035.
First coupon Jun 1, 2026.
2034-2035 Callable Dec 1, 2033 at par.
Purchased through negotiation by Morgan Stanley & Co., Inc., Raymond James & Associates, Inc., BofA Securities, J.P. Morgan Securities LLC, RBC Capital Markets, Wells Fargo Corporate & Investment Banking, as follows:
L.O.: Kutak Rock, Atlanta, GA.
MASSACHUSETTS
Massachusetts Housing Finance Agency
Dec 2, 2025 $34,305,000
Single Family Housing Revenue Bonds, Series 250 (Social Bonds) (R) (book entry) (Taxable)
Dated Dec 17, 2025.
Due Dec 1, 2026 to Jun 1, 2038.
First coupon Jun 1, 2026.
2033-2038 Callable Jun 1, 2033 at par.
Purchased through negotiation by Jefferies LLC, Blaylock Van, LLC, BofA Securities, Hilltop Securities Inc., Siebert Williams Shank & Co., L.L.C, Loop Capital Markets, LLC, Raymond James & Associates, Inc., Morgan Stanley & Co., Inc., RBC Capital Markets, Academy Securities Inc., American Veterans Group, Amerivet Securities, Inc., Bancroft Capital, LLC, Barclays Capital, Drexel Hamilton, LLC., Fidelity Capital Markets, J.P. Morgan Securities LLC, Mischler Financial Group, Inc., Ramirez & Co., Inc., Rice Financial Products Company, Stifel, Nicolaus & Co., Inc., TD Financial Products LLC, Wells Fargo Corporate & Investment Banking, as follows:
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: CFX Incorporated, New York, NY.
NEW YORK
Monroe County Industrial Development Corporation
Dec 2, 2025 $224,495,000
Revenue Bonds, Series 2025B (University of Rocheste Project) (R) (book entry) (Taxable) $101,980,000.
Dated Dec 16, 2025.
Due Jul 1, 2030 to 2033.
First coupon Jan 1, 2026.
2030-2030 Callable Apr 1, 2030 at par, 2033-2033 Callable Apr 1, 2033 at par.
Purchased through negotiation by BofA Securities, Barclays Capital, Siebert Williams Shank & Co., L.L.C, as follows:
L.O.: Nixon Peabody LLP, New York, NY.
F.A.: PFM Financial Advisors LLC, New York, NY.
Monroe County Industrial Development Corporation
Dec 2, 2025 $224,495,000
Revenue Bonds, Series 2025B (University of Rocheste Project) (R) (book entry) (Taxable) $101,980,000.
Dated Dec 16, 2025.
Due Jul 1, 2030 to 2033.
First coupon Jan 1, 2026.
2030-2030 Callable Apr 1, 2030 at par, 2033-2033 Callable Apr 1, 2033 at par.
Purchased through negotiation by BofA Securities, Barclays Capital, Siebert Williams Shank & Co., L.L.C, as follows:
L.O.: Nixon Peabody LLP, New York, NY.
F.A.: PFM Financial Advisors LLC, New York, NY.
WISCONSIN
Public Finance Authority
Nov 20, 2025 $28,765,000
Educational Facilities Revenue Bonds, Series 2025C (Rethinkforward, Inc. Projects) (R) (book entry) (Taxable) $420,000.
Dated Nov 21, 2025.
Due Jul 1, 2027 to 2028.
First coupon Jan 1, 2026.
Non-callable.
Purchased through negotiation by HJ Sims & Co., as follows:
L.O.: Adams & Reese LLP, Nashville, TN.
Public Finance Authority
Dec 2, 2025 $29,640,000
Education Revenue Bonds, Series 2025B (Pinecrest Academy of Nevada) Pinecrest Academy Springs Campus Project) (R) (book entry) (Taxable) $410,000.
Dated Dec 10, 2025. Interest accrues Dec 10, 2025.
Due Jul 15, 2028 to 2029.
First coupon Jul 15, 2026.
Non-callable.
Purchased through negotiation by Baird, D.A. Davidson & Co., as follows:
L.O.: Gilmore & Bell, Salt Lake City, UT.
F.A.: Specialized Public Finance Inc., Dallas, TX.