ALABAMA

Alabama Housing Finance Authority

Dec 15, 2025 $9,500,000

Multi-Family Housing Revenue Bonds, Series 2025E (Providence Park Apartments Project) (Mandatory Tender Date: 07/01/2028) (R) (book entry)

Dated Dec 19, 2025. Interest accrues Dec 19, 2025.

Due Jul 1, 2029.

First coupon Jul 1, 2026.

2029-2029 Callable Jan 1, 2028 at par.

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

L.O.: Maynard Nexsen PC, Birmingham, AL.

CALIFORNIA

California Municipal Finance Authority

Dec 9, 2025 $60,000,000

Multifamily Housing Revenue Bonds, Series 2025A (Woodchase Apartment Homes) (R) (book entry) $52,500,000.

Dated Dec 16, 2025.

Due Dec 1, 2037.

First coupon Jan 1, 2026.

2037-2037 Callable Dec 1, 2035 at par.

Privately placed by Wells Fargo Corporate & Investment Banking, as follows:

Multifamily Housing Revenue Bonds, Series 2025B (Woodchase Apartment Homes) (R) (book entry) $7,500,000.

Dated Dec 16, 2025.

Due Dec 1, 2037.

First coupon Jan 1, 2026.

2037-2037 Callable Dec 1, 2035 at par.

California Enterprise Development Authority

Dec 16, 2025 $55,000,000

Education Facilities Revenue Bonds, Series 2025 (International School of San Francisco Project) (R) (book entry)

Dated Dec 18, 2025.

Due Feb 1, 2056.

First coupon Feb 1, 2026.

2056-2056 Callable Jan 1, 2027 at par.

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

COLORADO

Colorado Housing and Finance Authority

Dec 15, 2025 $20,780,000

Multi-Family/Project Bonds Class I Bonds, 2025 Series J-1 (R) (book entry) $6,600,000.

Dated Dec 23, 2025.

Due Apr 1, 2029 to Oct 1, 2065.

First coupon Apr 1, 2026.

2034-2065 Callable Oct 1, 2033 at par.

Purchased through negotiation by Jefferies LLC, BofA Securities, RBC Capital Markets, Barclays Capital, Morgan Stanley & Co., Inc., Piper Sandler & Co, Raymond James & Associates, Inc., Stifel, Nicolaus & Co., Inc., Wells Fargo Corporate & Investment Banking, as follows:

Multi-Family/Project Bonds Class III Bonds, 2025 Series J-2 (R) (book entry) $14,180,000.

Dated Dec 23, 2025.

Due Apr 1, 2029.

First coupon Apr 1, 2026.

Non-callable.

L.O.: Taft Stettinius & Hollister LLP (formerly Sherman & Howard L.L.C, Denver, CO.

F.A.: CSG Advisors Inc., Bronxville, NY.

FLORIDA

Curiosity Creek Community Development District

Dec 16, 2025 $27,000,000

Capital Improvement Revenue Bonds, Series 2025 (Assessment Area Two) (R) (book entry)

Dated Dec 23, 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.

ILLINOIS

Fairview Heights (City)

Dec 16, 2025 $6,405,000

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

Dated Dec 30, 2025.

Due Dec 1, 2026 to 2045.

First coupon Jun 1, 2026.

2035-2045 Callable Dec 1, 2034 at par.

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

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

Mount Carmel (City)

Dec 15, 2025 $5,920,000

General Obligation Debt Certificates, Series 2025B (Limited Tax) (L) (bank qualified) (book entry)

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

Due Nov 1, 2026 to 2045.

First coupon Nov 1, 2026.

2034-2045 Callable May 1, 2034 at par.

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

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

F.A.: Kings Financial Consulting, Inc., Monticello, IL.

KANSAS

Linn Valley (City)

Dec 15, 2025 $5,520,000

General Obligation Renewal Temporary Notes, Series 2026 (G) (bank qualified) (book entry)

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

Due Aug 1, 2028.

First coupon Aug 1, 2026.

2028-2028 Callable Feb 1, 2027 at par.

Purchased through negotiation by Northland Securities, Inc., Central States Capital Markets, LLC, as follows:

L.O.: Gilmore & Bell, Wichita, KS.

F.A.: McLiney and Company a division of SAMCO Capital Markets, Mission, KS.

MICHIGAN

Mud Creek Drain Drainage District

Dec 11, 2025 $295,000

Drainage District Drain Note, DN25-15 (L) (bank qualified) (book entry)

Dated Dec 18, 2025.

Due Jun 18, 2027.

First coupon Jun 18, 2027.

2027-2027 Callable Jun 18, 2026 at par.

Privately placed by Baird, as follows:

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

MISSOURI

Stockton R-I School District of Cedar County

Dec 4, 2025 $1,475,000

General Obligation 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, 2028 to 2031.

First coupon Sep 1, 2026.

2031-2031 Callable Mar 1, 2030 at par.

Purchased through negotiation by L.J. Hart & Company, as follows:

L.O.: Kutak Rock, Kansas City, MO.

Putnam County R-I School District

Dec 11, 2025 $2,295,000

General Obligation 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, 2027 to 2041.

First coupon Sep 1, 2026.

2036-2041 Callable Mar 1, 2031 at par.

Purchased through negotiation by L.J. Hart & Company, as follows:

L.O.: Kutak Rock, Kansas City, MO.

Jefferson County Public Sewer District

Dec 16, 2025 $7,000,000

Sewerage System Improvement and Refunding Revenue Bonds, Series 2025 (R) (bank qualified) (book entry)

Dated Dec 22, 2025.

Due Dec 1, 2026 to 2050.

First coupon Jun 1, 2026.

2034-2050 Callable Dec 1, 2033 at par.

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

L.O.: Gilmore & Bell, P.C., St. Louis, MO.

F.A.: Baird, Milwaukee, WI.

Boonville R-I School District of Cooper County

Dec 8, 2025 $2,815,000

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

Dated Dec 29, 2025. Interest accrues Dec 29, 2025.

Due Mar 1, 2028 to 2039.

First coupon Sep 1, 2026.

2034-2039 Callable Mar 1, 2031 at par.

Purchased through negotiation by L.J. Hart & Company, as follows:

L.O.: Lathrop GPM, Clayton, MO.

NORTH CAROLINA

Durham Housing Authority

Dec 15, 2025 $10,250,000

Multifamily Housing Revenue Bonds, Series 2025 (Sandy Ridge Villas) (Mandatory Tender Date: 02/01/2029) (R) (book entry)

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

Due Jan 1, 2044.

First coupon Aug 1, 2026.

2044-2044 Callable Feb 1, 2028 at par.

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

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

Durham Housing Authority

Dec 15, 2025 $22,000,000

Multifamily Housing Revenue Bonds, Series 2025 (Sandy Ridge Station) (Mandatory Tender Date: 07/01/2029) (R) (book entry)

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

Due Jan 1, 2044.

First coupon Jul 1, 2026.

2044-2044 Callable Jul 1, 2028 at par.

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

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

Durham Housing Authority

Dec 10, 2025 $29,000,000

Multifamily Housing Revenue Bonds, Series 2025 (Page Corners Apartments) (R) (book entry)

Dated Dec 18, 2025.

Due Jul 1, 2059.

First coupon Jul 1, 2026.

Non-callable.

Purchased through negotiation by Colliers Securities LLC, as follows:

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

NEBRASKA

Sarpy County Sanitary and Improvement District No. 367 (Granite Creek West)

Dec 11, 2025 $1,200,000

General Obligation Bonds, Series 2026 (G) (bank qualified) (book entry)

Dated Jan 15, 2026. Interest accrues Jan 15, 2026.

Due Jan 15, 2028 to 2046.

First coupon Jul 15, 2026.

2032-2046 Callable Jan 15, 2031 at par.

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

L.O.: Baird, Holm, LLP, Omaha, NE.

NEW JERSEY

New Jersey Housing and Mortgage Finance Agency

Dec 4, 2025 $28,636,000

Multifamily Conduit Revenue Bonds, Series 2025D-2 (Rowan Towers) (Cash Collateralized) (Mandatory Tender Date: 07/01/2028) (R) (book entry)

Dated Dec 9, 2025.

Due Jul 1, 2029.

First coupon Jul 1, 2026.

2029-2029 Callable Jan 1, 2028 at par.

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

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

OHIO

Martins Ferry (City)

Dec 3, 2025 $6,000,000

Water System Improvement Bond Anticipation Notes, Series 2025 (G) (bank qualified) (book entry)

Dated Dec 15, 2025.

Due Dec 14, 2026.

First coupon Dec 14, 2026.

Non-callable.

Privately placed by KeyBanc Capital Markets, as follows:

L.O.: Dinsmore & Shohl LLP, Columbus, OH.

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

OKLAHOMA

Tulsa County Industrial Authority

Dec 15, 2025 $115,850,000

Educational Facilities Lease Revenue Bonds, Series 2025 (Owasso Public Schools Project) (R) (book entry)

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

Due Sep 1, 2026 to 2033.

First coupon Sep 1, 2026.

Non-callable.

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

L.O.: Hilborne & Weidman, Tulsa, OK; and State Attorney General.

F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.

Custer County Economic Development Authority

Dec 15, 2025 $3,985,000

Educational Facilities Lease Revenue Bonds, Series 2025 (Arapaho-Butler Public Schools Project) (R) (bank qualified) (book entry)

Dated Dec 19, 2025. Interest accrues Dec 19, 2025.

Due Sep 1, 2027 to 2034.

First coupon Sep 1, 2026.

Non-callable.

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

L.O.: Floyd & Driver, PLLC, Norman, OK; and State Attorney General.

F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.

PENNSYLVANIA

Abington School District

Dec 16, 2025 $14,555,000

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

Dated Dec 30, 2025.

Due Apr 1, 2027 to 2056.

First coupon Oct 1, 2026.

2033-2056 Callable Oct 1, 2032 at par.

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

L.O.: Saul Ewing LLP, Philadelphia, PA.

F.A.: Piper Sandler & Co, Camp Hill, PA.

SOUTH DAKOTA

Aberdeen (City)

Dec 10, 2025 $19,230,000

Sales Tax Revenue Bonds, Series 2025 (R) (book entry)

Dated Dec 30, 2025.

Due Dec 1, 2026 to 2045.

First coupon Jun 1, 2026.

2034-2045 Callable Dec 1, 2033 at par.

Purchased through negotiation by Colliers Securities LLC, as follows:

L.O.: Dorsey & Whitney, Minneapolis, MN.

TEXAS

Victory Street Public Facilities Corporation

Dec 16, 2025 $35,000,000

Multifamily Housing Revenue Notes, Series 2025 (Independence Heights II) (Mandatory Tender Date: 07/01/2029) (R) (book entry)

Dated Dec 23, 2025.

Due Jan 1, 2047.

First coupon Jul 1, 2026.

2047-2047 Callable Jul 1, 2028 at par.

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

L.O.: Coats Rose, P.C, Houston, TX; and State Attorney General.

WASHINGTON

Pasco (City)

Dec 15, 2025 $7,010,000

Water and Sewer Refunding Revenue Bonds, 2025 (R) (book entry)

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

Due Dec 1, 2030 to 2038.

First coupon Jun 1, 2026.

2036-2038 Callable Dec 1, 2035 at par.

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

L.O.: Foster Garvey, Seattle, WA.

F.A.: Northwest Municipal Advisors, Bellevue, WA.

TAXABLE ISSUES

MASSACHUSETTS

Massachusetts Housing Finance Agency

Dec 2, 2025 $50,000,000

Weekly Variable Rate Single Family Housing Revenue Bonds, Series 251 (VRDB) (Social Bonds) (R) (book entry) (Taxable)

Dated Dec 17, 2025.

Due Jun 1, 2039 to Dec 1, 2055.

First coupon Jun 1, 2026.

Callable any time at par.

Purchased through negotiation by Jefferies LLC, Blaylock Van, LLC, 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

New York City Housing Development Corporation

Dec 16, 2025 $181,170,000

Housing Impact Bonds, 2025 Series G (Sustainable Development Bonds) (R) (book entry) (Taxable)

Dated Dec 23, 2025.

Due Aug 1, 2031 to 2055.

First coupon Aug 1, 2026.

2033-2055 Callable Feb 1, 2033 at par.

Purchased through negotiation by BofA Securities, Raymond James & Associates, Inc., Academy Securities Inc., Bancroft Capital, LLC, Hilltop Securities Inc., Jefferies LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co., Inc., Oppenheimer & Co., Inc., Ramirez & Co., Inc., Stern Brothers & Co., Wells Fargo Corporate & Investment Banking, as follows:

L.O.: Orrick, Herrington & Sutcliffe, New York, NY.