CALIFORNIA
California Municipal Finance Authority
Dec 18, 2025 $18,975,000
Revenue Bonds, Series 2025A (Gracelight Community Health) (R) (book entry) $18,795,000.
Dated Dec 23, 2025. Interest accrues Dec 23, 2025.
Due Jun 1, 2027 to 2056.
First coupon Jun 1, 2026.
2036-2056 Callable Jun 1, 2035 at par.
Purchased through negotiation by Piper Sandler & Co, as follows:
L.O.: Jones Hall, San Francisco, CA.
F.A.: Wulff Hansen & Co., San Rafael, CA.
Glendale Community College District
Dec 17, 2025 $200,000,000
General Obligation Bonds, 2024 Election, 2025 Series A (G) (book entry)
Dated Dec 30, 2025.
Due Aug 1, 2027 to 2055.
First coupon Feb 1, 2026.
2036-2055 Callable Aug 1, 2035 at par.
Purchased through negotiation by RBC Capital Markets, Stifel, Nicolaus & Co., Inc., as follows:
L.O.: Nixon Peabody LLP, San Francisco, CA.
F.A.: KNN Public Finance, Berkeley, CA.
Southern California Metropolitan Water District
Dec 17, 2025 $184,225,000
Special Weekly Variable Rate Water Revenue Refunding Bonds, 2025 Series B (Letter of Credit issued by: PNC Bank National Association) (R) (book entry)
Dated Dec 18, 2025.
Due Jul 1, 2047.
First coupon Jan 1, 2026.
Callable any time at par.
Purchased through negotiation by PNC Capital Markets, Morgan Stanley & Co., Inc., as follows:
L.O.: Anzel Galvan LLP, San Francisco, CA.
F.A.: PFM Financial Advisors LLC, Los Angeles, CA.
COLORADO
Thompson Crossing Metropolitan District No. 5
Dec 3, 2025 $626,000
Second Subordinate General Obligation Limited Tax Bonds, Series 2025C (L) (book entry)
Dated Dec 11, 2025.
Due Dec 15, 2055.
First coupon Dec 15, 2026.
2055-2055 Callable Dec 15, 2026 at par.
Privately placed by Piper Sandler & Co, as follows:
Redlands 360 Metropolitan District No. 2
Dec 4, 2025 $4,302,000
Junior Subordinate Limited Tax General Obligation Bonds, Series 2025C (L) (book entry)
Dated Dec 9, 2025.
Due Dec 16, 2055.
First coupon Dec 16, 2026.
Non-callable.
Privately placed by Piper Sandler & Co, as follows:
Green Valley Ranch East Metropolitan District #9
Dec 8, 2025 $4,788,000
Junior Lien Limited Tax General Obligation Bonds, Series 2025C (L) (book entry)
Dated Dec 11, 2025.
Due Dec 15, 2055.
First coupon Dec 15, 2026.
Non-callable.
Privately placed by Piper Sandler & Co, as follows:
ILLINOIS
Breese (City)
Dec 18, 2025 $9,420,000
General Obligation Bonds (Alternate Revenue Source), Series 2025 (L) (bank qualified) (book entry)
Dated Dec 30, 2025.
Due Dec 1, 2026 to 2055.
First coupon Dec 1, 2026.
2035-2055 Callable Dec 1, 2034 at par.
Purchased through negotiation by Bernardi Securities, Inc., as follows:
L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Chicago, IL.
KENTUCKY
Kentucky Housing Corporation
Dec 17, 2025 $40,500,000
Multifamily Housing Revenue Bonds, Series 2025 (Meadows at Mcneely Lake Apartments) (Mandatory Tender Date: 05/01/2029) (R) (book entry)
Dated Dec 23, 2025. Interest accrues Dec 23, 2025.
Due May 1, 2030.
First coupon May 1, 2026.
2030-2030 Callable May 1, 2028 at par.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:
L.O.: Dinsmore & Shohl LLP, Covington, KY.
LOUISIANA
Louisiana Housing Corporation
Dec 17, 2025 $19,500,000
Multifamily Housing Revenue Bonds, Series 2025A (BW Cooper Senior Project) (Fannie Mae MBS Secured) (R) (book entry) $10,735,000.
Dated Dec 23, 2025. Interest accrues Dec 23, 2025.
Due Feb 1, 2044.
First coupon Aug 1, 2026.
Non-callable.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:
Multifamily Housing Revenue Bonds, Series 2025B (BW Cooper Senior Project) (Mandatory Tender Date: 08/01/2028) (R) (book entry) $8,765,000.
Dated Dec 23, 2025. Interest accrues Dec 23, 2025.
Due Aug 1, 2029.
First coupon Aug 1, 2026.
2029-2029 Callable Aug 1, 2028 at par.
L.O.: Butler Snow, LLP, Baton Rouge, LA.
MICHIGAN
Michigan Housing Development Authority
Dec 11, 2025 $9,915,000
Multifamily Housing Revenue Bonds, Series 2025 (West of 10th Apartments Project) (Mandatory Tender Date: 03/01/2028) (R) (book entry)
Dated Dec 1, 2025.
Due Mar 1, 2029.
First coupon Mar 1, 2026.
Non-callable.
Purchased through negotiation by The Sturges Company, as follows:
L.O.: Dickinson Wright PLLC, Lansing, MI.
NORTH CAROLINA
North Carolina Medical Care Commission
Dec 17, 2025 $307,225,000
Retirement Facilities First Mortgage Revenue Bonds Series 2026A (Deerfield Episcopal Retirement Community Project) (R) (book entry) $147,125,000.
Dated Jan 13, 2026. Interest accrues Jan 13, 2026.
Due Nov 1, 2032 to 2056.
First coupon May 1, 2026.
2034-2056 Callable Nov 1, 2033 at 103.000%, declining to par Nov 1, 2033.
Purchased through negotiation by Ziegler Capital Markets Group, as follows:
Retirement Facilities First Mortgage Revenue Bonds Series 2026B-1 (Deerfield Episcopal Retirement Community Project) (Mandatory Paydown Securities (TEMPS-95)) (R) (book entry) $16,850,000.
Dated Jan 13, 2026. Interest accrues Jan 13, 2026.
Due Nov 1, 2031.
First coupon May 1, 2026.
2031-2031 Callable Nov 1, 2027 at par.
Retirement Facilities First Mortgage Revenue Bonds Series 2026B-2 (Deerfield Episcopal Retirement Community Project) (Mandatory Paydown Securities (TEMPS-85)) (R) (book entry) $25,300,000.
Dated Jan 13, 2026. Interest accrues Jan 13, 2026.
Due Nov 1, 2031.
First coupon May 1, 2026.
2031-2031 Callable Nov 1, 2027 at par.
Retirement Facilities First Mortgage Revenue Bonds Series 2026B-3 (Deerfield Episcopal Retirement Community Project) (Mandatory Paydown Securities (TEMPS-70)) (R) (book entry) $33,700,000.
Dated Jan 13, 2026. Interest accrues Jan 13, 2026.
Due Nov 1, 2030.
First coupon May 1, 2026.
2030-2030 Callable Nov 1, 2027 at par.
Retirement Facilities First Mortgage Revenue Bonds Series 2026B-4 (Deerfield Episcopal Retirement Community Project) (Mandatory Paydown Securities (TEMPS-50)) (R) (book entry) $84,250,000.
Dated Jan 13, 2026. Interest accrues Jan 13, 2026.
Due Nov 1, 2030.
First coupon May 1, 2026.
2030-2030 Callable Nov 1, 2027 at par.
L.O.: Womble Bond Dickinson LLP, Raleigh, NC.
NEBRASKA
Dundy County Stratton Public School District No. 117
Dec 18, 2025 $1,875,000
Certificates of Participation, Series 2025 (C) (bank qualified) (book entry)
Dated Dec 30, 2025. Interest accrues Dec 30, 2025.
Due Dec 15, 2026 to 2032.
First coupon Jun 15, 2026.
2031-2032 Callable Dec 30, 2030 at par.
Purchased through negotiation by Northland Securities, Inc., as follows:
L.O.: Kutak Rock, Omaha, NE.
Monroe Rural Fire Protection District
Dec 18, 2025 $2,665,000
Limited Tax General Obligation Bonds, Series 2026 (L) (bank qualified) (book entry)
Dated Jan 22, 2026. Interest accrues Jan 22, 2026.
Due Sep 1, 2026 to 2040.
First coupon Sep 1, 2026.
2031-2040 Callable Jan 22, 2031 at par.
Purchased through negotiation by D.A. Davidson & Co., as follows:
L.O.: Gilmore & Bell, Omaha, NE.
NEVADA
Nevada Housing Division
Dec 17, 2025 $28,670,000
Multi-Unit Housing Revenue Bonds, Series 2025 (The Prospector Apartments) (Mandatory Tender Date: 07/01/2029) (Conversion Date: 5/1/2028) (R) (book entry)
Dated Dec 23, 2025.
Due Jan 1, 2045.
First coupon Jul 1, 2026.
2045-2045 Callable May 1, 2028 at par.
Purchased through negotiation by Wells Fargo Corporate & Investment Banking, as follows:
L.O.: Kutak Rock, Omaha, NE.
F.A.: PFM Financial Advisors LLC, Seattle, WA.
NEW YORK
New York City Transitional Finance Authority
Dec 18, 2025 $1,832,260,000
Future Tax Secured Subordinate Bonds, Fiscal 2026 Series C (R) (book entry) $500,000,000.
Dated Jan 7, 2026.
Due Nov 1, 2027 to 2055.
First coupon May 1, 2026.
2036-2055 Callable May 1, 2036 at par.
Purchased through negotiation by Jefferies LLC, BofA Securities, Ramirez & Co., Inc., Academy Securities Inc., Barclays Capital, Blaylock Van, LLC, Bank of New York Mellon Capital Markets, LLC, Cabrera Capital Markets, LLC, Drexel Hamilton, LLC., Fidelity Capital Markets, Goldman, Sachs & Co., Great Pacific Securities, J.P. Morgan Securities LLC, Loop Capital Markets, LLC, Morgan Stanley & Co., Inc., Oppenheimer & Co., Inc., Raymond James & Associates, Inc., RBC Capital Markets, Rice Financial Products Company, Roosevelt & Cross, Inc., Siebert Williams Shank & Co., L.L.C, Stern Brothers & Co., Stifel, Nicolaus & Co., Inc., TD Financial Products LLC, Wells Fargo Corporate & Investment Banking, as follows:
Future Tax Secured Subordinate Bonds, Fiscal 2026 Series D Subseries D-1 (R) (book entry) $1,310,815,000.
Dated Jan 7, 2026.
Due Nov 1, 2027 to 2041.
First coupon May 1, 2026.
2036-2041 Callable May 1, 2036 at par.
Future Tax Secured Subordinate Bonds, Fiscal 2026 Series E (R) (book entry) $21,445,000.
Dated Jan 7, 2026.
Due May 1, 2026 to 2036.
First coupon May 1, 2026.
Non-callable.
L.O.: Norton Rose Fulbright US LLP, New York, NY; and Bryant Rabbino LLP, New York, NY.
F.A.: Public Resources Advisory Group, New York, NY; and Frasca & Associates, L.L.C., New York, NY.
OHIO
Ehove Career Center Joint Vocational School District
Dec 18, 2025 $150,000,000
General Obligation School Improvement Bonds, Series 2026 (G) (book entry)
Dated Jan 14, 2026.
Due Dec 1, 2026 to 2061.
First coupon Jun 1, 2026.
2031-2061 Callable Dec 1, 2030 at par.
Purchased through negotiation by Piper Sandler & Co, Stifel, Nicolaus & Co., Inc., as follows:
L.O.: Squire Patton Boggs (US) LLP, Cleveland, OH.
F.A.: Sudsina & Associates, Aurora, OH.
Teays Valley Local School District
Dec 17, 2025 $8,465,000
Refunding Bonds, Series 2026 (General Obligation) (G) (bank qualified) (book entry)
Dated Jan 13, 2026. Interest accrues Jan 13, 2026.
Due Dec 1, 2026 to 2034.
First coupon Jun 1, 2026.
Non-callable.
Purchased through negotiation by Baird, as follows:
L.O.: Bricker Graydon LLP, Cleveland, OH.
Warren County Port Authority
Dec 18, 2025 $5,475,000
Special Obligation Development Revenue Bonds, Series 2025E Ohio Communities Accelerator Fund) (The Villages at Casement Project) (R) (book entry)
Dated Dec 30, 2025. Interest accrues Dec 30, 2025.
Due Dec 1, 2029 to 2055.
First coupon Jun 1, 2026.
2036-2055 Callable Dec 1, 2035 at par.
Purchased through negotiation by Huntington Securities, Inc., as follows:
L.O.: Bricker Graydon LLP, Columbus, OH.
F.A.: Bradley Payne Advisors, Cincinnati, OH.
Bloom-Carroll Local School District
Dec 16, 2025 $5,200,000
Lease Purchase Agreement, Series 2026 (A) (bank qualified) (book entry)
Dated Jan 21, 2026.
Due Dec 1, 2035.
First coupon Jun 1, 2026.
Non-callable.
Privately placed by Baird, as follows:
L.O.: Dinsmore & Shohl LLP, Columbus, OH.
F.A.: Baker Tilly Municipal Advisors, LLC, Columbus, OH.
PENNSYLVANIA
Montoursville Area School District
Dec 17, 2025 $16,370,000
General Obligation Bonds, Series of 2026 (L) (book entry)
Dated Jan 21, 2026.
Due Jun 1, 2026 to 2041.
First coupon Jun 1, 2026.
2034-2041 Callable Jun 1, 2033 at par.
Purchased through negotiation by Raymond James & Associates, Inc., as follows:
L.O.: Saxton & Stump, LLC, Lancaster, PA.
SOUTH CAROLINA
South Carolina Jobs-Economic Development Authority
Dec 18, 2025 $12,610,000
Educational Facilities Revenue Bonds, Series 2025 A-1 (Harrisburg Global Academy Project) (R) (book entry) $12,555,000.
Dated Dec 19, 2025.
Due Dec 15, 2028 to 2032.
First coupon Jun 15, 2026.
2029-2032 Callable Dec 15, 2028 at 104.000%, declining to par Dec 15, 2028.
Purchased through negotiation by Raymond James & Associates, Inc., as follows:
L.O.: Pope Flynn LLC, Columbia, SC.
UTAH
Lehi (City)
Dec 17, 2025 $27,250,000
Sales Tax Revenue Bonds, Series 2025B (R) (book entry)
Dated Dec 23, 2025.
Due Dec 1, 2026 to 2040.
First coupon Jun 1, 2026.
2036-2040 Callable Dec 1, 2035 at par.
Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:
L.O.: Gilmore & Bell, Salt Lake City, UT.
F.A.: LRB Public Finance Advisors, Inc., Salt Lake, UT.
Fox Hollow Infrastructure Financing District
Dec 17, 2025 $14,904,000
Special Assessment Bonds, Series 2025 (Fox Hollow Assessment Area) (N) (book entry)
Dated Dec 30, 2025. Interest accrues Dec 30, 2025.
Due Dec 1, 2027 to 2054.
First coupon Jun 1, 2026.
2031-2054 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.
VIRGIN ISLANDS
Virgin Islands Hotel Development Financing Corporation
Dec 18, 2025 $282,270,000
Hotel Revenue Bonds, Senior Lien Series 2025A-1 (Frenchman’s Reef Hotel Acquisition Project) (R) (book entry) $272,270,000.
Dated Jan 7, 2026. Interest accrues Jan 7, 2026.
Due Feb 1, 2030 to Dec 1, 2055.
First coupon Aug 1, 2026.
2036-2055 Callable Feb 1, 2035 at par.
Purchased through negotiation by Piper Sandler & Co, as follows:
L.O.: Duane Morris, LLP, Atlanta, GA.
F.A.: Fiscal Strategies Group, Inc., Swarthmore, PA.
TAXABLE ISSUES
CALIFORNIA
California Municipal Finance Authority
Dec 18, 2025 $18,975,000
Revenue Bonds, Series 2025B (Gracelight Community Health) (R) (book entry) (Taxable) $180,000.
Dated Dec 23, 2025. Interest accrues Dec 23, 2025.
Due Jun 1, 2026.
First coupon Jun 1, 2026.
Non-callable.
Purchased through negotiation by Piper Sandler & Co, as follows:
L.O.: Jones Hall, San Francisco, CA.
F.A.: Wulff Hansen & Co., San Rafael, CA.
NEW JERSEY
Hudson County Improvement Authority
Dec 10, 2025 $13,500,000
County Guaranteed Project Notes, Series 2025 (115 Christopher Columbus Drive Project) (R) (book entry) (Taxable)
Dated Dec 17, 2025.
Due Dec 15, 2028.
First coupon Jun 15, 2026.
Non-callable.
Purchased through negotiation by Oppenheimer & Co., Inc., as follows:
L.O.: McManimon Scotland & Baumann, Roseland, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
NEW YORK
New York City Transitional Finance Authority
Dec 18, 2025 $167,740,000
Future Tax Secured Subordinate Bonds, Fiscal 2026 Series D, Subseries D-2 (R) (book entry) (Taxable)
Dated Jan 7, 2026.
Due Nov 1, 2026 to 2027.
First coupon May 1, 2026.
Non-callable.
Purchased through negotiation by Jefferies LLC, BofA Securities, Ramirez & Co., Inc., Academy Securities Inc., Barclays Capital, Blaylock Van, LLC, Bank of New York Mellon Capital Markets, LLC, Cabrera Capital Markets, LLC, Drexel Hamilton, LLC., Fidelity Capital Markets, Goldman, Sachs & Co., Great Pacific Securities, J.P. Morgan Securities LLC, Loop Capital Markets, LLC, Morgan Stanley & Co., Inc., Oppenheimer & Co., Inc., Raymond James & Associates, Inc., RBC Capital Markets, Rice Financial Products Company, Roosevelt & Cross, Inc., Siebert Williams Shank & Co., L.L.C, Stern Brothers & Co., Stifel, Nicolaus & Co., Inc., TD Financial Products LLC, Wells Fargo Corporate & Investment Banking, as follows:
L.O.: Norton Rose Fulbright US LLP, New York, NY; and Bryant Rabbino LLP, New York, NY.
F.A.: Public Resources Advisory Group, New York, NY; and Frasca & Associates, L.L.C., New York, NY.
OHIO
Summit County Development Finance Authority
Dec 17, 2025 $1,490,000
Jobs and Investment Fund Program Development Revenue Bonds, Series 2025B (City of Elyria Elyria Block Development PACE Project) (R) (book entry) (Taxable)
Dated Dec 30, 2025. Interest accrues Dec 30, 2025.
Due Nov 15, 2027 to May 15, 2047.
First coupon May 15, 2026.
Non-callable.
Purchased through negotiation by Huntington Securities, Inc., as follows:
L.O.: Roetzel & Andress, Akron, OH.
F.A.: DiPerna and Company, Columbus, OH.
SOUTH CAROLINA
South Carolina Jobs-Economic Development Authority
Dec 18, 2025 $12,610,000
Educational Facilities Revenue Bonds, Series 2025B (Harrisburg Global Academy Project) (R) (book entry) (Taxable) $55,000.
Dated Dec 19, 2025.
Due Dec 15, 2027 to 2028.
First coupon Jun 15, 2026.
Non-callable.
Purchased through negotiation by Raymond James & Associates, Inc., as follows:
L.O.: Pope Flynn LLC, Columbia, SC.
VIRGIN ISLANDS
Virgin Islands Hotel Development Financing Corporation
Dec 18, 2025 $282,270,000
Hotel Revenue Bonds, Senior Lien Series 2025A-2 (Frenchman’s Reef Hotel Acquisition Project) (R) (book entry) (Taxable) $10,000,000.
Dated Jan 7, 2026. Interest accrues Jan 7, 2026.
Due Feb 1, 2030 to 2034.
First coupon Aug 1, 2026.
Non-callable.
Purchased through negotiation by Piper Sandler & Co, as follows:
L.O.: Duane Morris, LLP, Atlanta, GA.
F.A.: Fiscal Strategies Group, Inc., Swarthmore, PA.