ARIZONA

Arizona Industrial Development Authority

Dec 17, 2025 $72,560,000

Senior Variable Rate Demand Multifamily Housing Revenue Bonds, Series 2025A (The Verge at Ballark Village Project) (Letter of Credit issued by: Barclays Bank PLC) (R) (book entry)

Dated Dec 18, 2025.

Due Jan 1, 2044.

First coupon Jan 2, 2026.

Callable any time at par.

Purchased through negotiation by Barclays Capital, as follows:

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

CALIFORNIA

California Enterprise Development Authority

Dec 15, 2025 $90,000,000

Weekly Variable Rate Demand Revenue Bonds, Series 2025B (Unacem North America, Inc. Project) (Letter of Credit Issued by: JPMorgan Chase Bank, N.A.) (R) (book entry)

Dated Dec 16, 2025.

Due Dec 1, 2045.

First coupon Jan 2, 2026.

Callable any time at par.

Purchased through negotiation by J.P. Morgan Securities LLC, as follows:

L.O.: Kutak Rock, Los Angeles, CA.

California Municipal Finance Authority

Dec 16, 2025 $40,535,000

Weekly Variable Rate Demand Multifamily Housing Revenue Bonds, 2025 Series A (Cora Creek Apartments) (Letter of Credit Issued by: Poppy Bank (First Community Bank)) (R) (book entry)

Dated Dec 17, 2025.

Due Dec 1, 2055.

First coupon Jan 2, 2026.

Callable any time at par.

Purchased through negotiation by Stern Brothers & Co., as follows:

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

California Enterprise Development Authority

Dec 15, 2025 $270,000,000

Weekly Variable Rate Demand Revenue Bonds, (Unacem North America, Inc. Project) Series 2025A (Letter of Credit Issuer by: The Bank of Nova Scotia) (R) (book entry)

Dated Dec 16, 2025.

Due Dec 1, 2045.

First coupon Jan 2, 2026.

Callable any time at par.

Purchased through negotiation by J.P. Morgan Securities LLC, as follows:

L.O.: Kutak Rock, Los Angeles, CA.

COLORADO

Mighty Argo Metropolitan District No. 2

Dec 19, 2025 $9,990,000

General Obligation Limited Tax and Special Revenue Bonds, Series 2025 (L) (bank qualified) (book entry)

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

Due Dec 1, 2032 to 2055.

First coupon Jun 1, 2026.

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

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

ILLINOIS

Illinois Housing Development Authority

Dec 18, 2025 $22,000,000

Multifamily Housing Revenue Bonds, Series 2025 (Corcoran Place) (Mandatory Tender Date: 07/01/2028) (R) (book entry)

Dated Dec 23, 2025. Interest accrues Dec 23, 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.: Greenberg Traurig, LLP, Chicago, IL.

INDIANA

Kokomo (City)

Dec 18, 2025 $45,500,000

Sewage Works Revenue Bonds, Series 2025 (R) (book entry)

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

Due Aug 1, 2026 to Feb 1, 2055.

First coupon Aug 1, 2026.

2035-2055 Callable Aug 1, 2034 at par.

Purchased through negotiation by Baird, as follows:

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

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

MINNESOTA

Hennepin County Housing and Redevelopment Authority

Dec 16, 2025 $20,546,000

Multifamily Housing Revenue Bonds, Series 2025 (South Haven and Summit Point Apartments Project) (Mandatory Tender Date: 08/01/2028) (R) (book entry)

Dated Dec 18, 2025.

Due Feb 1, 2046.

First coupon Aug 1, 2026.

2046-2046 Callable Aug 1, 2027 at par.

Purchased through negotiation by Colliers Securities LLC, as follows:

L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.

Washington County Community Development Agency

Dec 16, 2025 $11,455,000

Multifamily Housing Revenue Bonds, Series 2025 (Red Rock Manor Project) (Mandatory Tender Date: 08/01/2028) (Conversion Date: 08/01/2027) (R) (book entry)

Dated Dec 18, 2025.

Due Feb 1, 2046.

First coupon Aug 1, 2026.

2046-2046 Callable Aug 1, 2027 at par.

Purchased through negotiation by Colliers Securities LLC, as follows:

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

NORTH CAROLINA

Raleigh Housing Authority

Dec 18, 2025 $24,500,000

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

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

Due Jan 1, 2044.

First coupon Aug 1, 2026.

2044-2044 Callable Aug 1, 2028 at par.

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

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

North Carolina Housing Finance Agency

Dec 18, 2025 $48,474,000

Multifamily Housing Revenue Bonds, Series 2025 (Harmony Housing Development Landura Portfolio) (Mandatory Tender Date: 02/01/2029) (R) (book entry)

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

Due Feb 1, 2030.

First coupon Aug 1, 2026.

2030-2030 Callable Feb 1, 2027 at par.

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

L.O.: Womble Bond Dickinson LLP, Raleigh, NC.

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

NEBRASKA

Omaha (City)

Dec 19, 2025 $3,120,000

Special Tax Revenue Redevelopment Bonds, Series 2025 (R) (book entry)

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

Due Apr 15, 2026 to 2045.

First coupon Apr 15, 2026.

2036-2045 Callable Apr 15, 2035 at par.

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

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

Omaha Public Facilities Corporation

Dec 19, 2025 $32,985,000

Lease Revenue Bonds, Series 2025E (R) (book entry) $29,450,000.

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

Due Apr 15, 2031 to 2055.

First coupon Apr 15, 2026.

2036-2055 Callable Apr 15, 2035 at par.

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

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

OHIO

Ohio Housing Finance Agency

Dec 17, 2025 $35,000,000

Multifamily Housing Revenue Bonds, Series 2025 (Marsh Run Homes Project) (Mandatory Tender Date: 02/01/2029) (Conversion Date: 04/01/2028) (R) (book entry)

Dated Dec 18, 2025.

Due Jan 1, 2046.

First coupon Aug 1, 2026.

2046-2046 Callable Apr 1, 2028 at par.

Purchased through negotiation by Lument Securities, LLC, as follows:

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

Marble Cliff Quarry Community Authority

Dec 19, 2025 $8,080,000

Junior Subordinate Development Revenue Bonds, Series 2025 (R) (book entry)

Dated Dec 23, 2025.

Due Dec 1, 2030 to 2054.

First coupon Jun 1, 2026.

2031-2054 Callable Dec 1, 2030 at par.

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

Oak Hills Local School District

Dec 16, 2025 $15,000,000

Classroom Facilities Bond Anticipation Notes, Series 2025 (General Obligation) (G) (bank qualified) (book entry)

Dated Dec 30, 2025.

Due Jun 3, 2026.

First coupon Jun 3, 2026.

Non-callable.

Purchased through negotiation by RBC Capital Markets, as follows:

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

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

OKLAHOMA

McClain County Economic Development Authority

Dec 18, 2025 $4,000,000

Use Tax Revenue Bonds, Series 2025 (R) (bank qualified) (book entry)

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

Due Jun 1, 2027 to 2036.

First coupon Jun 1, 2026.

2031-2036 Callable Jun 1, 2030 at par.

Purchased through negotiation by SAMCO Capital Markets, as follows:

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

F.A.: The Baker Group, Oklahoma City, OK.

PENNSYLVANIA

Cumberland County Municipal Authority

Dec 18, 2025 $82,320,000

Revenue Bonds, Series A of 2026 (Messiah Village Project) (R) (book entry)

Dated Jan 14, 2026. Interest accrues Jan 14, 2026.

Due Jun 1, 2026 to 2056.

First coupon Jun 1, 2026.

2034-2056 Callable Jun 1, 2033 at 103.000%, declining to par Jun 1, 2033.

Purchased through negotiation by Ziegler Capital Markets Group, Truist Securities, Inc., as follows:

L.O.: McNees Wallace & Nurick LLC, Harrisburg, PA.

F.A.: FSL Public Finance, LLC, Reading, PA.

Delaware Valley Regional Finance Authority

Dec 16, 2025 $140,000,000

Weekly Variable Rate Local Government Revenue Bonds, 2025 Series B (Letter of Credit: PNC Bank, National Association) (R) (book entry)

Dated Dec 17, 2025.

Due Dec 1, 2060.

First coupon Jan 2, 2026.

Callable any time at par.

Purchased through negotiation by BofA Securities, as follows:

L.O.: Eckert, Seamans, Cherin & Mellott, Philadelphia, PA.

F.A.: Calhoun Baker, Inc., Blue Bell, PA.

Pennsylvania Turnpike Commission

Dec 17, 2025 $153,125,000

Weekly Variable Rate Turnpike Subordinate Revenue Refunding Bonds, Second Series of 2025 (Letter of Credit: Bank of America, N.A.) (R) (book entry)

Dated Dec 18, 2025.

Due Dec 1, 2041 to 2045.

First coupon Jan 2, 2026.

Callable any time at par.

Purchased through negotiation by BofA Securities, as follows:

L.O.: Cozen O'Connor, West Conshocken, PA; and Eckert, Seamans, Cherin & Mellott, Pittsburgh, PA.

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

TEXAS

Goose Creek Consolidated Independent School District

Dec 18, 2025 $25,105,000

Refunding Bonds, Series 2026A (Permanent School Fund Guarantee Program) (G) (book entry)

Dated Dec 15, 2025. Interest accrues Jan 15, 2026.

Due Feb 15, 2026 to 2030.

First coupon Feb 15, 2026.

Non-callable.

Purchased through negotiation by Baird, as follows:

L.O.: Hunton Andrews Kurth LLP, Houston, TX; and State Attorney General.

F.A.: BOK Financial Securities, Plano, TX.

Goose Creek Consolidated Independent School District

Dec 18, 2025 $9,310,000

Refunding Bonds, Series 2026B (G) (book entry)

Dated Dec 15, 2025. Interest accrues Jan 15, 2026.

Due Feb 15, 2026 to 2028.

First coupon Feb 15, 2026.

Non-callable.

Purchased through negotiation by Baird, as follows:

L.O.: Hunton Andrews Kurth LLP, Houston, TX; and State Attorney General.

F.A.: BOK Financial Securities, Plano, TX.

TAXABLE ISSUES

NEBRASKA

Omaha Public Facilities Corporation

Dec 19, 2025 $32,985,000

Lease Revenue Bonds, Series 2025F (R) (book entry) (Taxable) $3,535,000.

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

Due Apr 15, 2026 to 2031.

First coupon Apr 15, 2026.

Non-callable.

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

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

OHIO

Franklin City School District

Dec 10, 2025 $2,250,000

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

Dated Dec 30, 2025.

Due Jun 30, 2026.

First coupon Jun 30, 2026.

Non-callable.

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

PENNSYLVANIA

Pennsylvania Higher Education Assistance Agency

Dec 17, 2025 $213,741,000

Weekly Variable Rate Education Loan Revenue Bonds, Series 2025A (VRDO) (Letter of Credit: Bank of America, N.A.) (R) (book entry) (Taxable)

Dated Dec 18, 2025.

Due Dec 1, 2055.

First coupon Jan 2, 2026.

Callable any time at par.

Purchased through negotiation by BofA Securities, as follows:

L.O.: Stevens & Lee, Scranton, PA.

F.A.: SL Capital Strategies, Washington, DC.