Market Data
Results of negotiated sales: 12/05/2025

ARKANSAS

Arkansas Development Finance Authority

Dec 3, 2025 $150,000,000

Revolving Loan Fund Revenue Bonds, Series 2026 (R) (book entry)

Dated Jan 6, 2026. Interest accrues Jan 6, 2026.

Due Jun 1, 2027 to 2051.

First coupon Jun 1, 2026.

2036-2051 Callable Jun 1, 2035 at par.

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

L.O.: Friday Eldredge & Clark, Little Rock, AR.

F.A.: Hilltop Securities Inc., El Paso, TX.


ARIZONA

Festival Ranch Community Facilities District

Dec 3, 2025 $5,625,000

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

Dated Dec 18, 2025.

Due Jul 15, 2026 to 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.: Gust Rosenfeld, Phoenix, AZ.

F.A.: Hilltop Securities Inc., Phoenix, AZ.


Superstition Vistas Community Facilities District No. 1

Dec 3, 2025 $955,000

Special Assessment Bonds, Series 2025 (Assessment Area No. 6) (N) (bank qualified) (book entry)

Dated Dec 17, 2025. Interest accrues Dec 17, 2025.

Due Jul 1, 2027 to 2049.

First coupon Jul 1, 2026.

2036-2049 Callable Jul 1, 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.


CALIFORNIA

California Community Choice Financing Authority

Dec 3, 2025 $1,035,235,000

Clean Energy Project Revenue Bonds, Series 2025G (Green Bonds) (R) (book entry)

Dated Dec 19, 2025.

Due Dec 1, 2035.

First coupon Jun 1, 2026.

2035-2035 Callable Sep 1, 2035 at 100.282% plus accrued interest.

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

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

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


Golden Valley Unified School District No.2017-1

Dec 4, 2025 $8,300,000

Special Tax Bonds, Series 2025 (Improvement Area No. 3) (R) (book entry)

Dated Dec 18, 2025.

Due Sep 1, 2026 to 2055.

First coupon Mar 1, 2026.

2036-2055 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.: Dale Scott Co., San Francisco, CA.


San Rafael City Elementary School District

Dec 3, 2025 $28,265,000

Election of 2022 General Obligation Bonds, Series C (G) (book entry) $18,000,000.

Dated Dec 17, 2025.

Due Aug 1, 2027 to 2055.

First coupon Feb 1, 2026.

2036-2055 Callable Aug 1, 2035 at par.

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


2025 General Obligation Refunding Bonds (G) (book entry) $10,265,000.

Dated Dec 17, 2025.

Due Aug 1, 2026 to 2041.

First coupon Feb 1, 2026.

2036-2041 Callable Aug 1, 2035 at par.

L.O.: Dannis Woliver Kelley, Long Beach, CA.

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


San Rafael City High School District

Dec 3, 2025 $12,360,000

2025 General Obligation Refunding Bonds (G) (book entry)

Dated Dec 17, 2025.

Due Aug 1, 2026 to 2040.

First coupon Feb 1, 2026.

2036-2040 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.: Isom Advisors Inc., Walnut Creek, CA.


California Municipal Finance Authority

Dec 4, 2025 $78,090,000

Multifamily Housing Revenue Bonds, 2025 Series A 1 (Palmdale Family Apartments) (Mandatory Tender Date: 01/01/2028) (R) (book entry)

Dated Dec 10, 2025.

Due Jan 1, 2056.

First coupon Jul 1, 2026.

Non-callable.

Purchased through negotiation by Jefferies LLC, as follows:

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

F.A.: Sierra Management Group, Reno, NV.


California Municipal Finance Authority

Dec 4, 2025 $7,000,000

Subordinate Multifamily Housing Revenue Bonds, (Palmdale Family Apartments) 2025 Series A-S (Mandatory Tender Date: 08/01/2044) (R) (book entry)

Dated Dec 10, 2025.

Due Aug 1, 2056.

First coupon Aug 1, 2026.

2056-2056 Callable Aug 1, 2035 at par.

Purchased through negotiation by Jefferies LLC, as follows:

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


Golden Valley Unified School District Financing Authority

Dec 4, 2025 $20,225,000

Local Agency Revenue Bonds, 2025 Series A (R) (book entry)

Dated Dec 18, 2025.

Due Sep 1, 2026 to 2056.

First coupon Mar 1, 2026.

2036-2056 Callable Sep 1, 2035 at par.

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

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

F.A.: Dale Scott Co., San Francisco, CA.


San Lucas Union Elementary School District

Dec 3, 2025 $1,600,000

2025 General Obligation Bond Anticipation Notes (L) (bank qualified) (book entry)

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

Due Aug 1, 2030.

First coupon Feb 1, 2026.

Non-callable.

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

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

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


COLORADO

Colorado State University System Board of Governors

Dec 3, 2025 $94,880,000

System Enterprise Revenue Bonds, Series 2025E (R) (book entry) $67,925,000.

Dated Dec 16, 2025.

Due Mar 1, 2028 to 2056.

First coupon Mar 1, 2026.

2036-2056 Callable Sep 1, 2035 at par.

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


System Enterprise Revenue Refunding Bonds, Series 2025F (R) (book entry) $26,955,000.

Dated Dec 16, 2025.

Due Mar 1, 2026 to 2038.

First coupon Mar 1, 2026.

2038-2038 Callable Sep 1, 2035 at par.

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

F.A.: North Slope Capital Advisors, Denver, CO.


Gunnison County Library District

Dec 3, 2025 $9,160,000

Certificates of Participation, Series 2025 (C) (bank qualified) (book entry)

Dated Dec 17, 2025. Interest accrues Dec 17, 2025.

Due Dec 1, 2026 to 2045.

First coupon Jun 1, 2026.

2036-2045 Callable Dec 1, 2035 at par.

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

L.O.: Butler Snow, LLP, Denver, CO.


Green Valley Ranch East Metropolitan District #9

Dec 4, 2025 $22,685,000

Limited Tax General Obligation Convertible Capital Appreciation Bonds, Series 2025A (Maturity Value) (L) (book entry) $19,615,000.

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

Due Dec 1, 2032 to 2055.

2032-2055 Callable Dec 1, 2030 at 103.000%, declining to par Dec 1, 2030.

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


Subordinate Limited Tax General Obligation Bonds, Series 2025B (L) (book entry) $3,070,000.

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

Due Dec 15, 2055.

First coupon Dec 15, 2026.

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

L.O.: Casey Parrot LLC, Broomfield, CO.


North Holly Metropolitan District

Dec 3, 2025 $13,020,000

Limited Tax (Convertible To Unlimited Tax) General Obligation Refunding Bonds, Series 2025 (L) (book entry)

Dated Dec 15, 2025.

Due Dec 1, 2026 to 2055.

First coupon Jun 1, 2026.

2031-2055 Callable Dec 1, 2030 at par.

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

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


CONNECTICUT

Connecticut

Dec 4, 2025 $1,551,420,000

Special Tax Obligation Bonds Transportation Infrastructure Purposes, 2025 Series A (R) (book entry)

Dated Dec 18, 2025.

Due Jul 1, 2026 to 2046.

First coupon Jul 1, 2026.

2036-2046 Callable Oct 1, 2035 at 100.500%, declining to par Oct 1, 2035.

Purchased through negotiation by Raymond James & Associates, Inc., Goldman, Sachs & Co., Piper Sandler & Co, RBC Capital Markets, Siebert Williams Shank & Co., L.L.C, Academy Securities Inc., American Veterans Group, Baird, Barclays Capital, Blaylock Van, LLC, BofA Securities, Drexel Hamilton, LLC, Fidelity Capital Markets, Janney Montgomery Scott LLC, Loop Capital Markets, LLC, Mesirow Financial, Inc., Mischler Financial Group, Inc., Morgan Stanley & Co., Inc., PNC Capital Markets, Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Pullman & Comley, Hartford, CT; and Bryant Burgher Jaffe & Roberts LLP, New York, NY.

F.A.: PFM Financial Advisors LLC, New York, NY; and Estrada Hinojosa & Company, Inc., Chicago, IL.


DELAWARE

Wilmington (City)

Dec 3, 2025 $78,595,000

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

Dated Dec 17, 2025.

Due Jan 1, 2027 to 2046.

First coupon Jul 1, 2026.

2037-2046 Callable Jan 1, 2036 at par.

Purchased through negotiation by Janney Montgomery Scott LLC, Stifel, Nicolaus & Co., Inc., PNC Capital Markets, as follows:

L.O.: Ballard Spahr LLP, Wilmington, DE.

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


FLORIDA

Miami-Dade County Housing Finance Authority

Dec 4, 2025 $16,985,000

Multifamily Housing Revenue Bonds, Series 2025 (Fannie Mae Mbs-Secured) (Sunrise Commons) (R) (book entry)

Dated Dec 10, 2025.

Due Aug 1, 2026 to Feb 1, 2042.

First coupon Aug 1, 2026.

Non-callable.

Purchased through negotiation by RBC Capital Markets, as follows:

L.O.: Foley & Lardner, Tampa, FL; and Law Offices of Richard Kuper, P.A.,, Miami, FL.

F.A.: Public Resources Advisory Group, Tampa, FL.


IDAHO

Bonneville Joint School District No. 93

Dec 4, 2025 $44,100,000

General Obligation Refunding Bonds, Series 2025 (Idaho State Bond Guaranty and Credit Enhancement Program) (G) (book entry)

Dated Dec 16, 2025.

Due Sep 15, 2026 to 2033.

First coupon Mar 15, 2026.

Non-callable.

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

L.O.: Hawley Troxell Ennis & Hawley, Boise, ID.

F.A.: Zions Public Finance, Boise, ID.


INDIANA

Tell City-Troy Township School Corporation

Dec 3, 2025 $10,000,000

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

Dated Dec 23, 2025.

Due Jul 15, 2027 to Jan 15, 2036.

First coupon Jul 15, 2026.

Non-callable.

Purchased through negotiation by Mesirow Financial, Inc., as follows:

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

F.A.: LWG CPAs & Advisors, Indianapolis, IN.


Center Grove Multi-Facility School Building Corporation

Dec 3, 2025 $11,500,000

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

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

Due Jul 10, 2026 to Jan 10, 2035.

First coupon Jul 10, 2026.

Non-callable.

Purchased through negotiation by Baird, as follows:

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

F.A.: Stifel, Nicolaus & Co., Inc., Indianapolis, IN.


South Newton School Building Corporation

Dec 4, 2025 $2,000,000

Ad Valorem Property Tax First Mortgage Bonds, Series 2025 (R) (bank qualified) (book entry)

Dated Dec 18, 2025.

Due Jul 15, 2027 to Jan 15, 2036.

First coupon Jul 15, 2026.

Non-callable.

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

L.O.: TWPeterson Law Office LLP, Indianapolis, IN.


Merrillville (Town)

Dec 3, 2025 $5,000,000

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

Dated Dec 18, 2025.

Due Jun 30, 2026 to Dec 30, 2035.

First coupon Jun 30, 2026.

Non-callable.

Purchased through negotiation by Mesirow Financial, Inc., as follows:

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

F.A.: LWG CPAs & Advisors, Indianapolis, IN.


Lakeland School Building Corporation

Dec 3, 2025 $11,630,000

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

Dated Dec 18, 2025.

Due Jul 15, 2026 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.


MASSACHUSETTS

Massachusetts

Dec 3, 2025 $1,018,210,000

General Obligation Bonds Consolidated Loan of 2025, Series G (O) (book entry) $750,000,000.

Dated Dec 11, 2025.

Due Dec 1, 2028 to 2055.

First coupon Jun 1, 2026.

2039-2055 Callable Dec 1, 2035 at par.

Purchased through negotiation by BofA Securities, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Academy Securities Inc., Fidelity Capital Markets, Janney Montgomery Scott LLC, Mischler Financial Group, Inc., as follows:


General Obligation Refunding Bonds, 2025 Series B (O) (book entry) $268,210,000.

Dated Dec 11, 2025.

Due Jun 1, 2027 to 2046.

First coupon Jun 1, 2026.

2036-2046 Callable Jun 1, 2035 at par.

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

F.A.: PFM Financial Advisors LLC, Boston, MA.


MARYLAND

Maryland Health and Higher Educational Facilities Authority

Dec 3, 2025 $359,755,000

Revenue Bonds, Series 2025A (The Johns Hopkins Health System Issue) (R) (book entry)

Dated Dec 19, 2025.

Due May 15, 2026 to 2055.

First coupon May 15, 2026.

2032-2032 Callable Feb 15, 2032 at 100.534% plus accrued interest, 2035-2035 Callable Feb 15, 2035 at 100.486% plus accrued interest, 2053-2055 Callable Nov 15, 2035 at par.

Purchased through negotiation by J.P. Morgan Securities LLC, BofA Securities, Jefferies LLC, PNC Capital Markets, Raymond James & Associates, Inc., RBC Capital Markets, TD Financial Products LLC, as follows:

L.O.: McKennon Shelton & Henn LLP, Baltimore, MD.

F.A.: First Tryon Advisors, LLC, Annapolis, MD.


Maryland Health and Higher Educational Facilities Authority

Dec 3, 2025 $359,755,000

Revenue Bonds, Series 2025A (The Johns Hopkins Health System Issue) (R) (book entry)

Dated Dec 19, 2025.

Due May 15, 2026 to 2055.

First coupon May 15, 2026.

2032-2032 Callable Feb 15, 2032 at 100.534% plus accrued interest, 2035-2035 Callable Feb 15, 2035 at 100.486% plus accrued interest, 2053-2055 Callable Nov 15, 2035 at par.

Purchased through negotiation by J.P. Morgan Securities LLC, BofA Securities, Jefferies LLC, PNC Capital Markets, Raymond James & Associates, Inc., RBC Capital Markets, TD Financial Products LLC, as follows:

L.O.: McKennon Shelton & Henn LLP, Baltimore, MD.

F.A.: First Tryon Advisors, LLC, Annapolis, MD.


Maryland Health and Higher Educational Facilities Authority

Dec 3, 2025 $359,755,000

Revenue Bonds, Series 2025A (The Johns Hopkins Health System Issue) (R) (book entry)

Dated Dec 19, 2025.

Due May 15, 2026 to 2055.

First coupon May 15, 2026.

2032-2032 Callable Feb 15, 2032 at 100.534% plus accrued interest, 2035-2035 Callable Feb 15, 2035 at 100.486% plus accrued interest, 2053-2055 Callable Nov 15, 2035 at par.

Purchased through negotiation by J.P. Morgan Securities LLC, BofA Securities, Jefferies LLC, PNC Capital Markets, Raymond James & Associates, Inc., RBC Capital Markets, TD Financial Products LLC, as follows:

L.O.: McKennon Shelton & Henn LLP, Baltimore, MD.

F.A.: First Tryon Advisors, LLC, Annapolis, MD.


MAINE

Maine State Housing Authority

Dec 4, 2025 $70,000,000

Mortgage Purchase Bonds, 2025 Series E (Social Bonds) (R) (book entry)

Dated Dec 30, 2025.

Due Nov 15, 2028 to 2055.

First coupon May 15, 2026.

2038-2055 Callable Nov 15, 2033 at par.

Purchased through negotiation by Barclays Capital, BofA Securities, Morgan Stanley & Co., Inc., Raymond James & Associates, Inc., RBC Capital Markets, Siebert Williams Shank & Co., L.L.C, as follows:

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


MICHIGAN

Romulus (City)

Dec 4, 2025 $8,600,000

Refunding Bonds, Series 2025B (Limited Tax General Obligation) (L) (book entry) $6,065,000.

Dated Dec 23, 2025.

Due Nov 1, 2026 to 2033.

First coupon May 1, 2026.

Non-callable.

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


Refunding Bonds, Series 2025C (Limited Tax General Obligation) (L) (book entry) $2,535,000.

Dated Dec 23, 2025.

Due Apr 1, 2026 to 2034.

First coupon Apr 1, 2026.

Non-callable.

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.

F.A.: Sudsina & Associates, Grosse Pointe Park, MI.


NORTH DAKOTA

North Dakota Housing Finance Agency

Dec 3, 2025 $185,000,000

Housing Finance Program Bonds, Home Mortgage Finance Program 2025 Series C (Social Bonds) (R) (book entry)

Dated Dec 30, 2025.

Due Jan 1, 2027 to Jul 1, 2056.

First coupon Jul 1, 2026.

2034-2056 Callable Jan 1, 2034 at par.

Purchased through negotiation by RBC Capital Markets, Fidelity Capital Markets, J.P. Morgan Securities LLC, Raymond James & Associates, Inc., as follows:

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

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


NEBRASKA

La Vista (City)

Dec 4, 2025 $7,035,000

Tax Supported Municipal Improvement Bonds, Series 2025 (R) (bank qualified) (book entry)

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

Due Sep 15, 2026 to 2045.

First coupon Mar 15, 2026.

2031-2045 Callable Dec 18, 2030 at par.

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

L.O.: Gilmore & Bell, Omaha, NE.


NEW JERSEY

New Jersey Housing and Mortgage Finance Agency

Dec 4, 2025 $21,590,000

Multifamily Conduit Revenue Bonds, Rowan Towers Gnma Collateralized, Series 2025D-1 (R) (book entry)

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

Due Sep 1, 2067.

First coupon Sep 1, 2026.

2067-2067 Callable Jan 1, 2036 at par.

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

L.O.: M. Jeremy Ostow, Esq, South Orange, NJ.


NEW YORK

Battery Park City Authority

Dec 3, 2025 $657,835,000

Senior Revenue Bonds, Series 2025 (Sustainability Bonds) (R) (book entry)

Dated Dec 9, 2025.

Due Nov 1, 2039 to 2055.

First coupon May 1, 2026.

2039-2055 Callable Nov 1, 2035 at par.

Purchased through negotiation by RBC Capital Markets, Loop Capital Markets, LLC, Morgan Stanley & Co., Inc., Academy Securities Inc., Ramirez & Co., Inc., TD Financial Products LLC, as follows:

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

F.A.: Acacia Financial Group, Inc., Anchorage, AK.


OHIO

Summit County Development Finance Authority

Dec 3, 2025 $158,495,000

Student Housing Revenue Bonds, Series 2025A (PRG - Akron Properties Llc - University of Akron Project) (R) (book entry) $158,205,000.

Dated Dec 17, 2025.

Due Jul 1, 2031 to 2065.

First coupon Jul 1, 2026.

2036-2065 Callable Jul 1, 2035 at par.

Purchased through negotiation by RBC Capital Markets, as follows:

L.O.: Roetzel & Andress, Akron, OH.

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


Ohio

Dec 4, 2025 $174,875,000

Capital Facilities Lease Appropriation Bonds, Series 2025A (Mental Health Facilities Improvement Fund Projects) (A) (book entry) $89,960,000.

Dated Dec 16, 2025.

Due Feb 1, 2027 to 2036.

First coupon Aug 1, 2026.

2036-2036 Callable Feb 1, 2035 at par.

Purchased through negotiation by Jefferies LLC, Janney Montgomery Scott LLC, KeyBanc Capital Markets, Loop Capital Markets, LLC, Raymond James & Associates, Inc., as follows:


Capital Facilities Lease Appropriation Refunding Bonds, Series 2025A (Parks and Recreation Improvement Fund Projects) (A) (book entry) $56,940,000.

Dated Dec 16, 2025.

Due Dec 1, 2026 to 2032.

First coupon Jun 1, 2026.

Non-callable.


Capital Facilities Leas Appropriation Refunding Bonds, Series 2025C (Adult Correctional Building Fund Projects) (A) (book entry) $27,975,000.

Dated Dec 16, 2025.

Due Oct 1, 2028 to 2037.

First coupon Apr 1, 2026.

2036-2037 Callable Oct 1, 2035 at par.

L.O.: Tucker Ellis LLP, Cleveland, OH.

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


Hamilton (City)

Dec 3, 2025 $55,770,000

Various Purpose General Obligation (Limited Tax) Bond Anticipation Notes, Series 2025 (Ohio Market Access Program) (L) (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 Huntington Securities, Inc., as follows:

L.O.: Frost Brown Todd LLC, Cincinnati, OH.

F.A.: Bradley Payne Advisors, Cincinnati, OH.


Elyria (City)

Dec 3, 2025 $5,000,000

General Obligation (Limited Tax) Central Maintenance Facility Construction Notes, Series 2025 (L) (book entry)

Dated Dec 17, 2025.

Due Dec 17, 2026.

First coupon Dec 17, 2026.

Non-callable.

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.


Elyria (City)

Dec 3, 2025 $16,000,000

General Obligation (Limited Tax) Central Maintenance Facility Construction Bonds, Series 2025 (L) (book entry)

Dated Dec 17, 2025.

Due Dec 1, 2026 to 2050.

First coupon Jun 1, 2026.

2031-2050 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.


PENNSYLVANIA

Erie County Industrial Development Authority

Dec 4, 2025 $74,150,000

School Facility Refunding Revenue Bonds, Series 2025A (City School District of the City of Buffalo Project) (R) (book entry)

Dated Dec 16, 2025.

Due May 1, 2026 to 2029.

First coupon May 1, 2026.

Non-callable.

Purchased through negotiation by Ramirez & Co., Inc., Loop Capital Markets, LLC, as follows:

L.O.: Hodgson, Russ LLP, Albany, NY.

F.A.: Capital Markets Advisors, LLC, New York, NY.


Pennsylvania Turnpike Commission

Dec 3, 2025 $205,490,000

Registration Fee Revenue Refunding Bonds, Series of 2025 (R) (book entry)

Dated Dec 11, 2025.

Due Jul 15, 2030 to 2041.

First coupon Jan 15, 2026.

2038-2041 Callable Jul 15, 2035 at par.

Purchased through negotiation by BofA Securities, Goldman, Sachs & Co., RBC Capital Markets, J.P. Morgan Securities LLC, Morgan Stanley & Co., Inc., TD Financial Products LLC, Truist Securities, Inc., as follows:

L.O.: Clark Hill P.L.C., Philadelphia, PA; and Steptoe & Johnson PLLC, Huntington, WV.

F.A.: Phoenix Capital Partners, LLP, Philadelphia, PA; and Public Resources Advisory Group, Media, PA.


TEXAS

Cibolo Creek Municipal Authority

Dec 3, 2025 $8,390,000

Contract Revenue Bonds, Series 2025 (South Wastewater Treatment Plant Expansion Project) (R) (bank qualified) (book entry)

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

Due Sep 1, 2026 to 2045.

First coupon Sep 1, 2026.

2036-2045 Callable Sep 1, 2035 at par.

Purchased through negotiation by Baird, TCBI Securities, Inc d/b/a Texas Capital Securities, as follows:

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

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


Burleson Independent School District

Dec 3, 2025 $77,670,000

Refunding Bonds, Series 2025 (Permanent School Fund Guarantee Program Insured) (G) (book entry)

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

Due Aug 1, 2026 to 2036.

First coupon Feb 1, 2026.

2036-2036 Callable Aug 1, 2035 at par.

Purchased through negotiation by FHN Financial Capital Markets, BOK Financial Securities, RBC Capital Markets, Piper Sandler & Co, as follows:

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

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


Longview Independent School District

Dec 3, 2025 $64,210,000

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 2036.

First coupon Feb 15, 2026.

2036-2036 Callable Aug 15, 2035 at par.

Purchased through negotiation by J.P. Morgan Securities LLC, Siebert Williams Shank & Co., L.L.C, Stephens Inc., as follows:

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

F.A.: SAMCO Capital Markets, Plano, TX.


Lovejoy Independent School District

Dec 4, 2025 $18,755,000

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 2040.

First coupon Feb 15, 2026.

2036-2040 Callable Aug 15, 2035 at par.

Purchased through negotiation by Piper Sandler & Co, FHN Financial Capital Markets, BOK Financial Securities, as follows:

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

F.A.: SAMCO Capital Markets, Plano, TX.


Irving Independent School District

Dec 3, 2025 $118,330,000

Refunding Bonds, Series 2025 (Permanent School Fund Guarantee Program) (G) (book entry)

Dated Dec 1, 2025. Interest accrues Dec 23, 2025.

Due Feb 15, 2026 to 2038.

First coupon Feb 15, 2026.

2036-2038 Callable Aug 15, 2035 at par.

Purchased through negotiation by BOK Financial Securities, Frost Bank, Hilltop Securities Inc., Piper Sandler & Co, Raymond James & Associates, Inc., as follows:

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

F.A.: RBC Capital Markets, Dallas, TX.


UTAH

Grand County School District Local Building Authority

Dec 3, 2025 $20,170,000

Lease Revenue Refunding Bonds, Series 2025 (R) (book entry)

Dated Dec 16, 2025.

Due Dec 15, 2026 to 2039.

First coupon Jun 15, 2026.

2036-2039 Callable Dec 15, 2035 at par.

Purchased through negotiation by BofA Securities, as follows:

L.O.: Farnsworth Johnson PLLC, Provo, UT.

F.A.: Zions Public Finance, Salt Lake City, UT.


WISCONSIN

New Richmond School District

Dec 3, 2025 $18,030,000

General Obligation Promissory Notes (G) (book entry)

Dated Jan 5, 2026. Interest accrues Jan 5, 2026.

Due Apr 1, 2026 to 2035.

First coupon Apr 1, 2026.

2035-2035 Callable Apr 1, 2031 at par.

Purchased through negotiation by Baird, as follows:

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


TAXABLE ISSUES


OHIO

Summit County Development Finance Authority

Dec 3, 2025 $158,495,000

Student Housing Revenue Bonds, Series 2025B (PRG - Akron Properties Llc - University of Akron Project) (R) (book entry) (Taxable) $290,000.

Dated Dec 17, 2025.

Due Jul 1, 2030.

First coupon Jul 1, 2026.

Non-callable.

Purchased through negotiation by RBC Capital Markets, as follows:

L.O.: Roetzel & Andress, Akron, OH.

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


Ohio

Dec 4, 2025 $38,250,000

Capital Facilities Lease-Appropriation Bonds, Series 2025C (Administrative Building Fund Projects) (A) (book entry) (Taxable)

Dated Dec 16, 2025.

Due Oct 1, 2026 to 2030.

First coupon Apr 1, 2026.

Non-callable.

Purchased through negotiation by Jefferies LLC, Janney Montgomery Scott LLC, KeyBanc Capital Markets, Loop Capital Markets, LLC, Raymond James & Associates, Inc., as follows:

L.O.: Tucker Ellis LLP, Cleveland, OH.

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