CALIFORNIA
California Infrastructure and Economic Development Bank
Dec 9, 2025 $366,550,000
Revenue Bonds (Brightline West Passenger Rail Project), Series 2025C (Mandatory Put Date : 11/02/2026) (R) (book entry) (AMT)
Dated Dec 16, 2025.
Due Jan 1, 2065.
First coupon Nov 2, 2026.
Non-callable.
Purchased through negotiation by Morgan Stanley & Co., Inc., RBC Capital Markets, as follows:
L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.
F.A.: Omnicap Group LLC, El Segundo, CA.
Rincon Del Diablo Municipal Water District
Dec 9, 2025 $13,830,000
Revenue Certificates of Participation, Series 2025 (Water System Improvement Projects) (R) (book entry)
Dated Dec 18, 2025.
Due May 1, 2026 to 2055.
First coupon May 1, 2026.
2036-2055 Callable May 1, 2035 at par.
Purchased through negotiation by Oppenheimer & Co., Inc., as follows:
L.O.: Kutak Rock LLP, Irvine, CA.
F.A.: NHA Advisors, San Rafael, CA.
Placentia-Yorba Linda Unified School District
Dec 10, 2025 $23,490,000
2025 General Obligation Refunding Bonds (G) (book entry)
Dated Dec 23, 2025.
Due Aug 1, 2026 to 2030.
First coupon Feb 1, 2026.
Non-callable.
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.
University of California Regents
Dec 9, 2025 $2,200,000,000
General Revenue Bonds, 2025 Series CD (R) (book entry)
Dated Dec 16, 2025.
Due May 15, 2030 to 2040.
First coupon May 15, 2026.
2040-2040 Callable Nov 15, 2035 at par.
Purchased through negotiation by Jefferies LLC, BofA Securities, Goldman, Sachs & Co., Stifel, Nicolaus & Co., Inc., Academy Securities Inc., Alamo Capital, Backstrom McCarley Berry & Co., LLC, Bancroft Capital, LLC, Barclays Capital, D.A. Davidson & Co., Great Pacific Securities, J.P. Morgan Securities LLC, Loop Capital Markets, LLC, Mesirow Financial, Inc., Morgan Stanley & Co., Inc., Piper Sandler & Co, PNC Capital Markets, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Capital Markets, R. Seelaus & Co., Inc., Siebert Williams Shank & Co., L.L.C, TD Financial Products LLC, Wells Fargo Corporate & Investment Banking, as follows:
L.O.: Orrick, Herrington & Sutcliffe, Los Angeles, CA.
F.A.: PFM Financial Advisors LLC, Los Angeles, CA.
Chino Community Facilities District No. 2003-3
Dec 9, 2025 $14,485,000
2025 Special Tax Bonds (Improvement area No 11) (R) (book entry)
Dated Dec 18, 2025.
Due Sep 1, 2027 to 2055.
First coupon Mar 1, 2026.
2036-2055 Callable Sep 1, 2035 at par.
Purchased through negotiation by Raymond James & Associates, Inc., as follows:
L.O.: Stradling, Yocca, Carlson & Rauth, Newport Beach, CA.
F.A.: Urban Futures, Inc., Walnut Creek, CA.
COLORADO
Widefield School District No.
Dec 10, 2025 $77,390,000
General Obligation Bonds, Series 2025B (Colorado State Intercept Program) (G) (book entry)
Dated Dec 18, 2025.
Due Dec 1, 2026 to 2055.
First coupon Jun 1, 2026.
2035-2055 Callable Dec 1, 2034 at par.
Purchased through negotiation by Piper Sandler & Co, as follows:
L.O.: Kutak Rock, Denver, CO.
Aurora Crossroads Metropolitan District No. 2
Dec 10, 2025 $120,788,881
General Obligation Limited Tax Convertible Capital Appreciation Refunding Bonds Series 2025A-1, (L) (book entry) $50,474,379.
Dated Dec 18, 2025. Interest accrues Dec 18, 2025.
Due Dec 1, 2055.
2055-2055 Callable Dec 1, 2030 at 103.000%, declining to par Dec 1, 2030.
Purchased through negotiation by Piper Sandler & Co, as follows:
General Obligation Limited Tax Convertible Capital Appreciation Refunding Bonds Series 2025A-2 (L) (book entry) $18,304,502.
Dated Dec 18, 2025. Interest accrues Dec 18, 2025.
Due Dec 1, 2055.
2055-2055 Callable Dec 1, 2030 at 103.000%, declining to par Dec 1, 2030.
General Obligation Limited Tax Bonds, Series 2025A-3 (L) (book entry) $52,010,000.
Dated Dec 18, 2025. Interest accrues Dec 18, 2025.
Due Dec 1, 2028 to 2055.
First coupon Jun 1, 2026.
2031-2055 Callable Dec 1, 2030 at 103.000%, declining to par Dec 1, 2030.
L.O.: Taft Stettinius & Hollister LLP (formerly Sherman & Howard L.L.C, Denver, CO.
F.A.: Crews & Associates, Inc., Little Rock, AR.
FLORIDA
Margate (City)
Dec 10, 2025 $60,000,000
Water and Wastewater Improvement Revenue Bonds, Series 2025 (R) (book entry)
Dated Dec 23, 2025. Interest accrues Dec 23, 2025.
Due Oct 1, 2026 to 2055.
First coupon Apr 1, 2026.
2036-2055 Callable Oct 1, 2035 at par.
Purchased through negotiation by Hilltop Securities Inc., Loop Capital Markets, LLC, Ramirez & Co., Inc., as follows:
L.O.: Weiss Serota Helfman Pastoriza Cole & Beniske, P.L.,, Coral Gables, FL.
F.A.: Estrada Hinojosa & Company, Inc., Miami, FL.
Capital Trust Authority
Dec 9, 2025 $24,810,000
Educational Facilities Revenue Bonds, Series 2025 (The Classical Academy of Sarasota Project) (R) (book entry)
Dated Dec 18, 2025. Interest accrues Dec 18, 2025.
Due Jul 1, 2029 to 2060.
First coupon Jul 1, 2026.
2034-2060 Callable Jul 1, 2033 at 103.000%, declining to par Jul 1, 2033.
Purchased through negotiation by Ziegler Capital Markets Group, as follows:
L.O.: Bryant, Miller & Olive, Tampa, FL.
Polk County Industrial Development Authority
Dec 10, 2025 $39,135,000
Charter School Revenue Bonds, Series 2025 (Victory Ridge Academy Project) (R) (book entry)
Dated Dec 18, 2025. Interest accrues Dec 18, 2025.
Due Jun 15, 2029 to 2055.
First coupon Jun 15, 2026.
2035-2055 Callable Jun 15, 2034 at par.
Purchased through negotiation by SouthState | DuncanWilliams Securities Corp., as follows:
L.O.: Holland & Knight LLP, Lakeland, FL.
F.A.: PFM Financial Advisors LLC, Orlando, FL.
USF Financing Corporation
Dec 10, 2025 $98,230,000
Capital Improvement Refunding Revenue Bonds, Series 2025 (Student Housing Project) (R) (book entry)
Dated Dec 18, 2025.
Due Jul 1, 2026 to 2037.
First coupon Jul 1, 2026.
Non-callable.
Purchased through negotiation by J.P. Morgan Securities LLC, BofA Securities, Truist Securities, Inc., as follows:
L.O.: Bryant, Miller & Olive, Orlando, FL.
F.A.: PFM Financial Advisors LLC, Orlando, FL.
Florida Housing Finance Corporation
Dec 10, 2025 $13,660,000
Multifamily Mortgage Revenue Bonds, 2025 Series AA-2 (Citrus Glen Apartments) (Mandatory Tender Date: 01/01/2028) (R) (book entry)
Dated Dec 16, 2025.
Due Jan 1, 2029.
First coupon Jul 1, 2026.
2029-2029 Callable Sep 1, 2027 at par.
Purchased through negotiation by RBC Capital Markets, as follows:
L.O.: Bryant, Miller & Olive, Tallahassee, FL.
Florida Housing Finance Corporation
Dec 10, 2025 $37,740,000
Multifamily Mortgage Revenue Bonds, 2025 Series AA-1 (Fannie Mae MBS-Secured) (Citrus Glen Apartments) (R) (book entry)
Dated Dec 16, 2025.
Due Aug 1, 2026 to Feb 1, 2043.
First coupon Aug 1, 2026.
Non-callable.
Purchased through negotiation by RBC Capital Markets, as follows:
L.O.: Bryant, Miller & Olive, Tallahassee, FL.
Center Lake Ranch West Community Development District
Dec 10, 2025 $11,760,000
Capital Improvement Revenue Bonds, Series 2025 (Assessment Area Two) (R) (book entry)
Dated Dec 19, 2025.
Due May 1, 2026 to 2055.
First coupon May 1, 2026.
2037-2055 Callable May 1, 2036 at par.
Purchased through negotiation by FMSbonds, Inc., as follows:
L.O.: Nabors, Giblin & Nickerson, Tampa, FL.
GEORGIA
Vidalia School District
Dec 9, 2025 $11,660,000
General Obligation Refunding Bonds, Series 2026 (Georgia State Aid Intercept Program) (G) (book entry)
Dated Jan 15, 2026.
Due Aug 1, 2026 to 2037.
First coupon Aug 1, 2026.
Non-callable.
Purchased through negotiation by Raymond James & Associates, Inc., as follows:
L.O.: Gray Pannell & Woodward LLP, Savannah, GA.
Lee County Utilities Authority
Dec 9, 2025 $13,555,000
Revenue Bonds, Series 2025 (R) (book entry)
Dated Dec 18, 2025. Interest accrues Dec 18, 2025.
Due Aug 1, 2026 to 2037.
First coupon Feb 1, 2026.
Non-callable.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:
L.O.: Murray Barnes Finister LLP, Atlanta, GA.
Carrollton Independent School System
Dec 9, 2025 $65,080,000
General Obligation Refunding Bonds, Series 2026A (Georgia State Aid Intercept Program) (G) (book entry) $15,080,000.
Dated Jan 8, 2026.
Due Apr 1, 2027 to 2033.
First coupon Apr 1, 2026.
Non-callable.
Purchased through negotiation by Raymond James & Associates, Inc., as follows:
General Obligation Bonds, Series 2026B (Georgia State Aid Intercept Program) (G) (book entry) $50,000,000.
Dated Jan 8, 2026.
Due Apr 1, 2029 to 2038.
First coupon Apr 1, 2026.
Non-callable.
L.O.: Gray Pannell & Woodward LLP, Savannah, GA.
ILLINOIS
Illinois Finance Authority
Dec 9, 2025 $101,770,000
Revenue Bonds, Series 2025A (The Moorings of Arlington Heights) (R) (book entry) $63,870,000.
Dated Dec 30, 2025. Interest accrues Dec 30, 2025.
Due May 1, 2026 to Nov 1, 2055.
First coupon May 1, 2026.
2034-2055 Callable May 1, 2033 at 103.000%, declining to par May 1, 2033.
Purchased through negotiation by Ziegler Capital Markets Group, as follows:
Revenue Bonds, Series 2025B 1 (TEMPS 85) (The Moorings of Arlington Heights) (R) (book entry) $15,600,000.
Dated Dec 30, 2025. Interest accrues Dec 30, 2025.
Due May 1, 2031.
First coupon May 1, 2026.
2031-2031 Callable Nov 1, 2027 at par.
Revenue Bonds, Series 2025B 2 (TEMPS 50) (The Moorings of Arlington Heights) (R) (book entry) $22,300,000.
Dated Dec 30, 2025. Interest accrues Dec 30, 2025.
Due May 1, 2031.
First coupon May 1, 2026.
2031-2031 Callable May 1, 2027 at par.
L.O.: Chapman and Cutler LLP, Chicago, IL.
F.A.: Kaufman, Hall & Associates, LLC, Chicago, IL.
Chicago (City)
Dec 9, 2025 $954,820,000
General Airport Senior Lien Revenue Refunding Bonds, Series 2025C (Chicago O’Hare International Airport) (R) (book entry) $429,525,000.
Dated Dec 18, 2025.
Due Jan 1, 2027 to 2054.
First coupon Jul 1, 2026.
2037-2054 Callable Jan 1, 2036 at par.
Purchased through negotiation by J.P. Morgan Securities LLC, Huntington Securities, Inc., Jefferies LLC, Cabrera Capital Markets, LLC, Drexel Hamilton, LLC., Goldman, Sachs & Co., Loop Capital Markets, LLC, Ramirez & Co., Inc., San Blas Securities LLC, as follows:
General Airport Senior Lien Revenue Refunding Bonds, Series 2025D (Chicago O’Hare International Airport) (R) (book entry) $525,295,000.
Dated Dec 18, 2025.
Due Jan 1, 2027 to 2039.
First coupon Jul 1, 2026.
2037-2039 Callable Jan 1, 2036 at par.
L.O.: Katten Muchin Rosenman LLP, Chicago, IL; and Neal & Leroy, LLC, Chicago, IL.
F.A.: Acacia Financial Group, Inc., Burlingame, CA; and PFM Financial Advisors LLC, San Francisco, CA.
Carl Sandburg Community College District No. 518
Dec 9, 2025 $40,140,000
General Obligation Debt Certificates (Limited Tax) , Series 2025 (L) (book entry)
Dated Dec 30, 2025.
Due Dec 1, 2026 to 2035.
First coupon Dec 1, 2026.
2026-2035 Callable Mar 1, 2026 at par.
Purchased through negotiation by Mesirow Financial, Inc., as follows:
L.O.: Chapman and Cutler LLP, Chicago, IL.
F.A.: PMA Securities, Inc, Naperville, IL.
INDIANA
Boonville (City)
Dec 9, 2025 $2,255,000
General Obligation Bonds, Series 2025 (L) (bank qualified) (book entry)
Dated Dec 23, 2025. Interest accrues Dec 23, 2025.
Due Jul 1, 2026 to Jan 1, 2045.
First coupon Jul 1, 2026.
2036-2045 Callable Jul 1, 2035 at par.
Purchased through negotiation by Baird, as follows:
L.O.: Bose McKinney & Evans LLP, Indianapolis, IN.
F.A.: O.W. Krohn & Associates, Westfield, IN.
KANSAS
Lyon County Public Building Commission
Dec 9, 2025 $4,715,000
Revenue Bonds, Series 2025 (County Facilities) (R) (bank qualified) (book entry)
Dated Dec 30, 2025.
Due Sep 1, 2026 to 2035.
First coupon Sep 1, 2026.
2034-2035 Callable Sep 1, 2033 at par.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:
L.O.: Gilmore & Bell, Wichita, KS.
MINNESOTA
Belle Plaine Independent School District No. 716
Dec 9, 2025 $14,055,000
General Obligation School Building Bonds, Series 2025A (Minnesota Credit Enhancement Program) (G) (book entry)
Dated Dec 22, 2025. Interest accrues Dec 22, 2025.
Due Feb 1, 2027 to 2052.
First coupon Aug 1, 2026.
2034-2052 Callable Feb 1, 2033 at par.
Purchased through negotiation by Baird, as follows:
L.O.: Dorsey & Whitney, Minneapolis, MN.
F.A.: David Drown Associates, Minneapolis, MN.
MISSOURI
Lafayette County C-1 School District
Dec 9, 2025 $4,955,000
General Obligation School Refunding Bonds, Series 2025 (Missouri Direct Deposit Program) (G) (bank qualified) (book entry)
Dated Dec 30, 2025. Interest accrues Dec 30, 2025.
Due Mar 1, 2032 to 2039.
First coupon Sep 1, 2026.
2036-2039 Callable Mar 1, 2035 at par.
Purchased through negotiation by Raymond James & Associates, Inc., as follows:
L.O.: Gilmore & Bell, P.C., Kansas City, MO.
East Newton County R-VI School District
Dec 3, 2025 $640,000
Lease Certificates of Participation, Series 2025A (C) (bank qualified) (book entry)
Dated Dec 18, 2025. Interest accrues Dec 18, 2025.
Due Mar 1, 2027 to 2033.
First coupon Sep 1, 2026.
2031-2033 Callable Mar 1, 2030 at par.
Purchased through negotiation by L.J. Hart & Company, as follows:
L.O.: Lathrop GPM, Clayton, MO.
Kansas City Industrial Development Authority
Dec 9, 2025 $29,500,000
Refunding and Improvement Revenue Bonds, Series 2025 (Platte Purchase Project A, C, & E) (R) (book entry)
Dated Dec 23, 2025.
Due Jan 1, 2048.
First coupon Jul 1, 2026.
2048-2048 Callable Jan 1, 2035 at par.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:
L.O.: Kutak Rock, Kansas City, MO.
F.A.: Columbia Capital Management, LLC, Merriam, KS.
MONTANA
Big Sky Resort Area District
Dec 9, 2025 $52,700,000
Resort Tax Revenue Bonds, Series 2026 (1% Resort Tax - Cold Smoke Project) (R) (book entry)
Dated Jan 6, 2026. Interest accrues Jan 6, 2026.
Due Jul 1, 2026 to 2055.
First coupon Jul 1, 2026.
2053-2055 Callable Jan 1, 2032 at par, 2037-2052 Callable Jan 1, 2036 at par.
Purchased through negotiation by D.A. Davidson & Co., as follows:
L.O.: Dorsey & Whitney, Missoula, MT.
Big Sky Resort Area District
Dec 9, 2025 $52,700,000
Resort Tax Revenue Bonds, Series 2026 (1% Resort Tax - Cold Smoke Project) (R) (book entry)
Dated Jan 6, 2026. Interest accrues Jan 6, 2026.
Due Jul 1, 2026 to 2055.
First coupon Jul 1, 2026.
2053-2055 Callable Jan 1, 2032 at par, 2037-2052 Callable Jan 1, 2036 at par.
Purchased through negotiation by D.A. Davidson & Co., as follows:
L.O.: Dorsey & Whitney, Missoula, MT.
NEBRASKA
McCook (City)
Dec 10, 2025 $5,500,000
Municipal Improvement Bond Anticipation Notes, Series 2025B (R) (book entry)
Dated Dec 18, 2025. Interest accrues Dec 18, 2025.
Due Sep 1, 2028.
First coupon Mar 1, 2026.
2028-2028 Callable Sep 1, 2026 at par.
Purchased through negotiation by D.A. Davidson & Co., as follows:
L.O.: Gilmore & Bell, Omaha, NE.
NEW JERSEY
Monmouth County Improvement Authority
Dec 10, 2025 $45,400,000
Governmental Pooled Loan Revenue Bonds, Series 2025 (R) (book entry)
Dated Dec 24, 2025.
Due Dec 1, 2026 to 2045.
First coupon Jun 1, 2026.
2036-2045 Callable Dec 1, 2035 at par.
Purchased through negotiation by Raymond James & Associates, Inc., as follows:
L.O.: Gibbons P.C., Newark, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
NEW YORK
Troy local Development Corporation
Dec 9, 2025 $10,605,000
Revenue Bonds, Series 2025 (Troy City Hall Project) (R) (book entry)
Dated Dec 18, 2025. Interest accrues Dec 18, 2025.
Due Sep 1, 2027 to 2056.
First coupon Mar 1, 2026.
2031-2056 Callable Sep 1, 2030 at 103.000%, declining to par Sep 1, 2030.
Purchased through negotiation by KeyBanc Capital Markets, as follows:
L.O.: Harris Beach Murtha Cullina PLLC, New York, NY.
Build NYC Resource Corporation
Dec 9, 2025 $96,690,000
Revenue Bonds, Series 2025A (The Renaissance Charter School 2 Project) (R) (book entry) $95,860,000.
Dated Dec 18, 2025. Interest accrues Dec 18, 2025.
Due Jun 15, 2029 to 2060.
First coupon Jun 15, 2026.
2036-2060 Callable Jun 15, 2035 at par.
Purchased through negotiation by Baird, as follows:
L.O.: Hawkins, Delafield & Wood, New York, NY.
New York City Housing Development Corporation
Dec 9, 2025 $536,475,000
Multi-Family Housing Revenue Bonds, 2026 Series A-1 (Sustainable Development Bonds) (R) (book entry) $149,875,000.
Dated Jan 8, 2026.
Due Nov 1, 2030 to 2065.
First coupon May 1, 2026.
2032-2065 Callable May 1, 2032 at par.
Purchased through negotiation by Jefferies LLC, BofA Securities, Morgan Stanley & Co., Inc., Academy Securities Inc., Bancroft Capital, LLC, Barclays Capital, J.P. Morgan Securities LLC, Loop Capital Markets, LLC, Oppenheimer & Co., Inc., PNC Capital Markets, Ramirez & Co., Inc., Raymond James & Associates, Inc., RBC Capital Markets, Roosevelt & Cross, Inc., Wells Fargo Corporate & Investment Banking, as follows:
Multi-Family Housing Revenue Bonds, 2026 Series A-2 (Sustainable Development Bonds) (Mandatory Tender Date: 02/01/2030) (R) (book entry) $386,600,000.
Dated Jan 8, 2026.
Due Nov 1, 2065.
First coupon May 1, 2026.
2065-2065 Callable May 1, 2029 at par.
L.O.: Hawkins, Delafield & Wood, New York, NY.
OHIO
Olmsted Falls City School District
Dec 9, 2025 $13,530,000
General Obligation School Improvement Refunding Bonds, Series 2025 (Ohio School District Credit Enhancement) (G) (book entry)
Dated Dec 30, 2025.
Due Dec 1, 2026 to 2042.
First coupon Jun 1, 2026.
2038-2042 Callable Jun 1, 2036 at par.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:
L.O.: Squire Patton Boggs (US) LLP, Cleveland, OH.
American Municipal Power Inc.
Dec 9, 2025 $49,730,000
Revenue Bonds Refunding Series 2025A (Meldahl Hydroelectric Project) (R) (book entry)
Dated Dec 17, 2025.
Due Feb 15, 2027 to 2046.
First coupon Feb 15, 2026.
2037-2046 Callable Feb 15, 2036 at par.
Purchased through negotiation by BofA Securities, RBC Capital Markets, Huntington Securities, Inc., PNC Capital Markets, as follows:
L.O.: Dinsmore & Shohl LLP, Columbus, OH.
F.A.: Ramirez & Co., Inc., New York, NY.
Ohio
Dec 9, 2025 $204,960,000
Common Schools General Obligation Refunding Bonds, Series 2025B (G) (book entry) $177,340,000.
Dated Dec 23, 2025.
Due Sep 15, 2029 to 2037.
First coupon Mar 15, 2026.
2036-2037 Callable Jun 15, 2035 at par.
Purchased through negotiation by Jefferies LLC, Loop Capital Markets, LLC, Academy Securities Inc., J.P. Morgan Securities LLC, Oppenheimer & Co., Inc., as follows:
Infrastructure Improvement General Obligation Refunding Bonds, Series 2025B (G) (book entry) $27,620,000.
Dated Dec 23, 2025.
Due Aug 1, 2029 to 2035.
First coupon Feb 1, 2026.
Non-callable.
L.O.: Dinsmore & Shohl LLP, Columbus, OH.
F.A.: PFM Financial Advisors LLC, Cleveland, OH.
RHODE ISLAND
Pawtucket Redevelopment Agency
Dec 9, 2025 $59,925,000
State Appropriation Revenue Refunding Bonds, Series 2025 (Tidewater Landing Designated Baseline Taxes Phase 1A Project) (A) (book entry)
Dated Dec 23, 2025.
Due Jun 15, 2028 to 2053.
First coupon Jun 15, 2026.
2035-2053 Callable Jun 15, 2034 at par.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., Raymond James & Associates, Inc., as follows:
L.O.: Troutman Pepper Locke LLP, Providence, RI.
F.A.: PFM Financial Advisors LLC, Providence, RI.
SOUTH CAROLINA
South Carolina Jobs-Economic Development Authority
Dec 5, 2025 $84,115,000
Educational Facilities Revenue Bonds Series 2025A (American Leadership Academy - Lexington) (R) (book entry)
Dated Dec 18, 2025. Interest accrues Dec 18, 2025.
Due Jun 15, 2028 to 2033.
First coupon Jun 15, 2026.
2029-2033 Callable Jun 15, 2028 at par.
Purchased through negotiation by Baird, as follows:
L.O.: Quarles & Brady, Milwaukee, WI; and Pope Flynn LLC, Columbia, SC.
F.A.: Partner Capital Advisors, Houston, TX.
TEXAS
Dickinson Independent School District
Dec 9, 2025 $29,740,000
Tax Refunding Bonds, Series 2026 (Permanent School Fund Guarantee Program) (G) (book entry)
Dated Jan 1, 2026. Interest accrues Jan 14, 2026.
Due Feb 15, 2026 to 2035.
First coupon Feb 15, 2026.
Non-callable.
Purchased through negotiation by SAMCO Capital Markets, BOK Financial Securities, Siebert Williams Shank & Co., L.L.C, as follows:
L.O.: Hunton Andrews Kurth LLP, Houston, TX; and State Attorney General.
F.A.: Post Oak Municipal Advisors LLC, Houston, TX.
Beeville (City)
Dec 10, 2025 $33,800,000
Combination Tax and Revenue Certificates of Obligation, Series 2026 (L) (book entry)
Dated Dec 1, 2025. Interest accrues Jan 6, 2026.
Due Aug 15, 2027 to 2056.
First coupon Aug 15, 2026.
2036-2056 Callable Aug 15, 2035 at par.
Purchased through negotiation by TCBI Securities, Inc d/b/a Texas Capital Securities, Piper Sandler & Co, as follows:
L.O.: McCall Parkhurst & Horton, San Antonio, TX; and State Attorney General.
F.A.: Specialized Public Finance Inc., San Antonio, TX.
Texas A & M University System Board of Regents
Dec 9, 2025 $222,680,000
Revenue Financing System Bonds, Series 2025A (R) (book entry)
Dated Dec 1, 2025. Interest accrues Dec 18, 2025.
Due May 15, 2026 to 2055.
First coupon May 15, 2026.
2036-2055 Callable May 15, 2035 at par.
Purchased through negotiation by Wells Fargo Corporate & Investment Banking, FHN Financial Capital Markets, Morgan Stanley & Co., Inc., SAMCO Capital Markets, Siebert Williams Shank & Co., L.L.C, as follows:
L.O.: Orrick, Herrington & Sutcliffe, Austin, TX; and State Attorney General.
F.A.: Hilltop Securities Inc., Dallas, TX.
Austin Community College District Public Facility Corporation
Dec 9, 2025 $53,075,000
Lease Revenue Refunding Bonds, Series 2025 (Round Rock Campus Refunding) (R) (book entry)
Dated Dec 1, 2025. Interest accrues Dec 18, 2025.
Due Aug 1, 2026 to 2033.
First coupon Feb 1, 2026.
Non-callable.
Purchased through negotiation by Ramirez & Co., Inc., Morgan Stanley & Co., Inc., TRB Capital Markets, LLC, as follows:
L.O.: Bickerstaff Heath Delgado Acosta LLP, Austin, TX; and State Attorney General.
F.A.: Hilltop Securities Inc., Austin, TX.
Cleveland Independent School District
Dec 9, 2025 $28,520,000
Refunding Bonds, Series 2025 (Permanent School Fund Guarantee Program) (G) (book entry)
Dated Dec 15, 2025. Interest accrues Dec 30, 2025.
Due Feb 15, 2026 to 2046.
First coupon Feb 15, 2026.
2036-2046 Callable Feb 15, 2035 at par.
Purchased through negotiation by FHN Financial Capital Markets, BOK Financial Securities, as follows:
L.O.: Norton Rose Fulbright US LLP, Dallas, TX; and State Attorney General.
F.A.: Hilltop Securities Inc., Dallas, TX.
Humble Independent School District
Dec 9, 2025 $227,480,000
School Building and Refunding Bonds, Series 2026A (Permanent School Fund Guarantee Program) (G) (book entry) $184,320,000.
Dated Jan 1, 2026. Interest accrues Jan 14, 2026.
Due Feb 15, 2027 to 2055.
First coupon Feb 15, 2026.
2036-2055 Callable Feb 15, 2035 at par.
Purchased through negotiation by RBC Capital Markets, TCBI Securities, Inc d/b/a Texas Capital Securities, Crews & Associates, Inc., SAMCO Capital Markets, PNC Capital Markets, as follows:
Refunding Bonds, Series 2026B (G) (book entry) $43,160,000.
Dated Jan 1, 2026. Interest accrues Jan 14, 2026.
Due Feb 15, 2027 to 2033.
First coupon Feb 15, 2026.
Non-callable.
L.O.: Orrick, Herrignton & Sutcliffe, Houston, TX; and State Attorney General.
F.A.: Post Oak Municipal Advisors LLC, Houston, TX.
Tuloso-Midway Independent School District
Dec 9, 2025 $34,265,000
School Building Bonds, Series 2025A (Permanent School Fund Guarantee Program) (G) (book entry)
Dated Dec 1, 2025. Interest accrues Dec 18, 2025.
Due Aug 15, 2027 to 2055.
First coupon Aug 15, 2026.
2036-2055 Callable Aug 15, 2035 at par.
Purchased through negotiation by Jefferies LLC, Piper Sandler & Co, as follows:
L.O.: McCall Parkhurst & Horton, San Antonio, TX; and State Attorney General.
F.A.: Specialized Public Finance Inc., San Antonio, TX.
UTAH
Arrowhead Springs Public Infrastructure District
Dec 9, 2025 $29,397,000
Limited Tax General Obligation and Special Revenue Bonds, Series 2025 (L) (book entry)
Dated Dec 16, 2025. Interest accrues Dec 16, 2025.
Due Mar 1, 2056.
First coupon Mar 1, 2026.
2056-2056 Callable Dec 1, 2030 at 103.000%, declining to par Dec 1, 2030.
Purchased through negotiation by D.A. Davidson & Co., as follows:
L.O.: Gilmore & Bell, Salt Lake City, UT.
F.A.: Zions Public Finance, Salt Lake City, UT.
WASHINGTON
Cowlitz County Public Utility District No. 1
Dec 9, 2025 $28,195,000
Production System Revenue Refunding Bonds, Series 2025 (R) (book entry)
Dated Dec 23, 2025. Interest accrues Dec 23, 2025.
Due Sep 1, 2026 to 2036.
First coupon Mar 1, 2026.
2036-2036 Callable Sep 1, 2035 at par.
Purchased through negotiation by KeyBanc Capital Markets, as follows:
L.O.: Pacifica Law Group, Seattle, WA.
F.A.: Northwest Municipal Advisors, Bellevue, WA.
WISCONSIN
Public Finance Authority
Dec 9, 2025 $67,395,000
Lease Revenue Bonds, Series 2025 (PRG The Grounds LLC Wake Forest University Office Building Project) (R) (book entry)
Dated Dec 22, 2025.
Due Jul 1, 2035.
First coupon Jul 1, 2026.
2035-2035 Callable Jan 1, 2035 at par.
Purchased through negotiation by BofA Securities, as follows:
L.O.: Parker, Poe, Adams & Bernstein, L.L.P., Charlotte, NC.
F.A.: Janney Montgomery Scott LLC, New York, NY.
Ashwaubenon Village
Dec 9, 2025 $3,195,000
General Obligation Promissory Notes (G) (bank qualified) (book entry)
Dated Dec 30, 2025. Interest accrues Dec 30, 2025.
Due Jun 1, 2027 to 2035.
First coupon Jun 1, 2026.
2033-2035 Callable Jun 1, 2032 at par.
Purchased through negotiation by Baird, as follows:
L.O.: Quarles & Brady, Milwaukee, WI.
WYOMING
Wyoming Community Development Authority
Dec 9, 2025 $10,740,000
Multifamily Housing Revenue Bonds, 2025 Series A (Fannie Mae MBS Secured) (Concord Village and Lexington Hills) (R) (book entry)
Dated Dec 12, 2025. Interest accrues Dec 12, 2025.
Due Aug 1, 2026 to Feb 1, 2042.
First coupon Aug 1, 2026.
Non-callable.
Purchased through negotiation by KeyBanc Capital Markets, as follows:
L.O.: Kutak Rock, Omaha, NE.
TAXABLE ISSUES
MARYLAND
Maryland Stadium Authority
Dec 9, 2025 $245,780,000
Revenue Bonds, Series 2025 (Pimlico Improvements Project) (R) (book entry) (Taxable)
Dated Dec 23, 2025.
Due Jun 15, 2027 to 2055.
First coupon Jun 15, 2026.
Non-callable.
Purchased through negotiation by BofA Securities, Morgan Stanley & Co., Inc., Raymond James & Associates, Inc., as follows:
L.O.: McKennon Shelton & Henn LLP, Baltimore, MD.
F.A.: Public Resources Advisory Group, Media, PA.
NEW YORK
Build NYC Resource Corporation
Dec 9, 2025 $96,690,000
Revenue Bonds, Series 2025B (The Renaissance Charter School 2 Project) (R) (book entry) (Taxable) $830,000.
Dated Dec 18, 2025. Interest accrues Dec 18, 2025.
Due Jun 15, 2028 to 2029.
First coupon Jun 15, 2026.
Non-callable.
Purchased through negotiation by Baird, as follows:
L.O.: Hawkins, Delafield & Wood, New York, NY.
New York City Housing Development Corporation
Dec 9, 2025 $200,605,000
Multi-Family Housing Revenue Bonds, 2025 Series H-2 (Sustainable Development Bonds) (R) (book entry) (Taxable)
Dated Dec 18, 2025. Interest accrues Dec 18, 2025.
Due Feb 1, 2030.
First coupon May 1, 2026.
2030-2030 Callable Jul 1, 2029 at par.
Purchased through negotiation by Raymond James & Associates, Inc., Ramirez & Co., Inc., Academy Securities Inc., BofA Securities, Bancroft Capital, LLC, Barclays Capital, Jefferies LLC, J.P. Morgan Securities LLC, Loop Capital Markets, LLC, Morgan Stanley & Co., Inc., Oppenheimer & Co., Inc., PNC Capital Markets, RBC Capital Markets, Roosevelt & Cross, Inc., Wells Fargo Corporate & Investment Banking, as follows:
L.O.: Hawkins, Delafield & Wood, New York, NY.
TEXAS
Texas A & M University System Board of Regents
Dec 9, 2025 $55,140,000
Revenue Financing System Bonds, Series 2025B (R) (book entry) (Taxable)
Dated Dec 1, 2025. Interest accrues Dec 18, 2025.
Due May 15, 2026 to 2055.
First coupon May 15, 2026.
2036-2055 Callable May 15, 2035 at par.
Purchased through negotiation by Wells Fargo Corporate & Investment Banking, FHN Financial Capital Markets, Morgan Stanley & Co., Inc., SAMCO Capital Markets, Siebert Williams Shank & Co., L.L.C, as follows:
L.O.: Orrick, Herrington & Sutcliffe, Austin, TX; and State Attorney General.
F.A.: Hilltop Securities Inc., Dallas, TX.