Market Data
Results of negotiated sales: 12/16/2025

ALABAMA

Black Belt Energy Gas District

Dec 12, 2025 $847,810,000

Gas Project Revenue Bonds, 2025 Series G (R) (book entry)

Dated Dec 23, 2025.

Due Oct 1, 2035.

First coupon Apr 1, 2026.

2035-2035 Callable Jul 1, 2035 at 100.158% plus accrued interest.

Purchased through negotiation by Goldman, Sachs & Co., Stifel, Nicolaus & Co., Inc., PNC Capital Markets, as follows:

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

F.A.: Municipal Capital Markets Group, Inc., Greenwood Village, CO.


ARIZONA

Arizona Industrial Development Authority

Dec 9, 2025 $46,880,000

Weekly Senior Variable Rate Demand Multifamily Housing Revenue Bonds, Series 2025A (Sidney Village Project) (Letter of Credit Issued by: Barclays Bank PLC) (R) (book entry)

Dated Jun 27, 2025.

Due Sep 1, 2043.

First coupon Jan 2, 2026.

Callable any time at par.

Purchased through negotiation by Barclays Capital, as follows:

L.O.: Kutak Rock, Scottsdale, AZ.


FLORIDA

Polk County Housing Finance Authority

Dec 12, 2025 $19,100,000

Multifamily Housing Revenue Bonds, Series 2025 (Cypress Oaks Apartments) (Mandatory Tender Date: 12/01/2027) (R) (book entry)

Dated Dec 19, 2025.

Due Dec 1, 2028.

First coupon Jun 1, 2026.

Non-callable.

Purchased through negotiation by RBC Capital Markets, as follows:

L.O.: Bryant, Miller & Olive, Orlando, FL.

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


GEORGIA

Main Street Natural Gas, Inc.

Dec 12, 2025 $591,740,000

Energy Project Revenue Bonds, Series 2025D (R) (book entry)

Dated Dec 23, 2025.

Due Dec 1, 2029 to 2033.

First coupon Jun 1, 2026.

2033-2033 Callable Sep 1, 2033 at 100.197%, declining to par Sep 1, 2033.

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

L.O.: Alston & Bird, Atlanta, GA.

F.A.: PFM Financial Advisors LLC, Atlanta, GA.


MICHIGAN

Okemos Consolidated Drain Drainage District

Dec 11, 2025 $1,250,000

Drainage District Drain Note, DN25-16 (L) (bank qualified) (book entry)

Dated Dec 18, 2025.

Due Jan 18, 2027.

First coupon Jan 18, 2027.

2027-2027 Callable Jun 18, 2026 at par.

Privately placed by Baird, as follows:

L.O.: Dickinson Wright PLLC, Grand Rapids, MI.


MINNESOTA

Oakdale (City)

Dec 12, 2025 $21,435,000

Housing and Health Care Facilities Reveneue Refunding Bonds, Series 2025A (Ebenezer Obligated Group) (R) (book entry) $21,150,000.

Dated Dec 23, 2025.

Due Dec 1, 2035 to 2055.

First coupon Jun 1, 2026.

2035-2055 Callable Dec 1, 2032 at 102.000% plus accrued interest.

Purchased through negotiation by Colliers Securities LLC, as follows:

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


NORTH CAROLINA

Gastonia Housing Authority

Dec 12, 2025 $17,000,000

Multifamily Housing Revenue Bonds, Series 2025 (Fannie Mae MBS-Secured) (Hoffman Homes) (R) (book entry)

Dated Dec 17, 2025.

Due Jun 1, 2026 to Dec 1, 2041.

First coupon Jun 1, 2026.

Non-callable.

Purchased through negotiation by Wells Fargo Corporate & Investment Banking, as follows:

L.O.: McGuireWoods LLP, Raleigh, NC.


OHIO

Mount Vernon Community Authority

Dec 15, 2025 $2,670,000

Special Obligation Public Infrastructure Revenue Bonds, Series 2025 (Liberty Crossing Project) (R) (book entry)

Dated Dec 18, 2025.

Due Dec 1, 2031 to 2057.

First coupon Jun 1, 2026.

2036-2057 Callable Dec 1, 2035 at par.

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

L.O.: Bricker Graydon LLP, Cleveland, OH.

F.A.: Bradley Payne LLC, Circleville, OH.


PENNSYLVANIA

Dover Area School District

Dec 15, 2025 $27,370,000

General Obligation Bonds, Series of 2026 (L) (book entry)

Dated Jan 20, 2026.

Due Apr 1, 2026 to 2039.

First coupon Apr 1, 2026.

2034-2039 Callable Apr 1, 2033 at par.

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

L.O.: Saxton & Stump, LLC, Lancaster, PA.


TAXABLE ISSUES


MINNESOTA

Oakdale (City)

Dec 12, 2025 $21,435,000

Housing and Health Care Facilities Reveneue Refunding Bonds, Series 2025B (Ebenezer Obligated Group) (R) (book entry) (Taxable) $285,000.

Dated Dec 23, 2025.

Due Dec 1, 2026.

First coupon Jun 1, 2026.

Non-callable.

Purchased through negotiation by Colliers Securities LLC, as follows:

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


WISCONSIN

Brown Deer Village

Dec 12, 2025 $2,770,000

Note Anticipation Notes, Series 2025B (R) (book entry) (Taxable)

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

Due Oct 1, 2027.

First coupon Apr 1, 2026.

2027-2027 Callable Apr 1, 2027 at par.

Privately placed by Baird, as follows:

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