<< Bensenville, Ill., Oct. 3 - $3,740,000 - Waterworks and sewerage revenue (AMBAC Insured/bank qualified/book entry) bonds, Series 1995, reported Oct. 4.
We are now advised that the following groups and bids were also submitted:
Griffin, Kubik, Stephens & Thompson Inc. (alone), 98.01, for 5.10s, 5.20s, 5.30s, 5.40s, 5.50s, 5.60s, 5.70s and 5.75s, NIC 5.6762%.
Dain Bosworth, Inc. (alone), 98.01, for 5.375s, 5.50s and 5.60s, NIC 5.6898%.
Bernardi Securities, Inc. (alone), 98.00, for 5.25s, 5.35s, 5.50s, 5.70s, 5.75s and 5.80s, NIC 5.7033%.
Merrill Lynch & Co. (alone), 98.01, for 4.90s, 5s, 5.15s, 5.25s, 5.35s, 5.45s, 5.55s, 5.65s, 5.75s, 5.80s, 5.85s and 5.90s, NIC 5.7166%.
William R. Hough & Co., Nike Securities, L.P. and Raymond James & Associates, Inc. (Co-managers), no other members, 98.02, for 5.20s, 5.30s, 5.40s, 5.50s, 5.60s, 5.70s, 5.80s, 5.875s and 5.90s, NIC 5.7809%.
INDIANA
<< Bloomington, Ind., Oct. 3 - $1,600,000 - Redevelopment district county option income tax bonds, dated Oct. 1, 1995, due July 15, 1996 and Jan. and July 15, 1997 to 2000 and Jan. 15, 2001. Callable July 15, 1997 at par.
Purchased by City Securities Corp., Summers & Co., Inc., NBD Bank, Indianapolis, Banc One Capital Corporation, J.J.B. Hilliard, W.L. Lyons, Inc., David A. Noyes & Co. and The Ohio Company (Co-managers), no other members, as 3.90s, 4s, 4.15s, 4.25s, 4.375s and 4.40s, at 100.10, NIC 4.5889%.
L.O.: Ice Miller Donadio & Ryan, Indianapolis.
Reoffered at par (96-98), 4.30s, 4.40s and 4.50s.
Concessions: None (96) and 1/4 (97-01).
LOUISIANA
<< Caddo-Bossier Parishes Port Commission, La., Oct. 3 - $4,770,000 - Limited tax (AMBAC Insured) bonds, Series 1995-C, dated Sept. 1, 1995, due March 1, 1997 to 2015.
Purchased by Scharff & Jones Division of Morgan Keegan & Co., Inc., Hattier Sanford & Reynoir and Stephens Inc. (Co-managers), no other members, as 8s (97-04), 7.60s and 5s (06-15), NIC 5.4632%.
L.O.: Cook, Yancey, King & Galloway, Shreveport.
Reoffered at 4.10, 4.25, 4.40, 4.55, 4.65, 4.75, 4.85, 4.95, 5.05, 5.15, 5.25, 5.35, 5.45, 5.55, 5.65, 5.75, 5.80, 5.85 and 5.90.
Concessions: 1/8 (97) and 1/4 (98-15).
MINNESOTA
<< Cottage Grove, Minn., Oct. 4 - $3,125,000 - General obligation improvement (FSA Insured/bank qualified/book entry) bonds, Series 1995B, dated Oct. 16, 1995, due Feb. 1, 1997 to 2011. Callable Feb. 1, 2003 at par.
Purchased by Dain Bosworth, Inc. (alone), as 4.50s (97-01), 4.55s, 4.65s, 4.75s, 4.90s, 5s (06-07), 5.10s, 5.20s, 5.30s and 5.40s, at 99.7001, TIC 4.9691%.
L.O.: Briggs & Morgan, P.A., St. Paul and Minneapolis.
Reoffered at 4.00, 4.10 (98), 5.00 (06), 5.10, 5.15, 5.25, 5.35 and 5.45. The bonds due 1999 to 2005 were not reoffered.
Concessions: None (97-98 and 06-11).
Other bidders were:
A group headed by FBS Investment Services, Inc., Norwest Investment Services, Inc. (Co-managers) and Miller & Schroeder Financial, Inc., in association with American National Bank & Trust Co., St. Paul and Juran & Moody, Inc., 99.30, for 3.90s, 4s, 4.15s, 4.30s, 4.40s, 4.50s, 4.60s, 4.70s, 4.85s, 5s, 5.10s, 5.20s, 5.30s, 5.40s and 5.50s, TIC 4.9859%.
Firstar Bank N.A., Milwaukee (alone), 99.380, for 4.10s, 4.20s, 4.30s, 4.40s, 4.50s, 4.60s, 4.70s, 4.80s, 4.90s, 5s, 5.20s, 5.30s, 5.40s and 5.50s, TIC 5.022%.
Smith Barney, Inc. and Cronin & Co., Inc. (Co-managers), no other members, 99.15, for 3.90s, 4s, 4.15s, 4.40s, 4.50s, 4.60s, 4.70s, 4.80s, 4.90s, 5s, 5.20s, 5.30s, 5.40s and 5.50s, TIC 5.0313%.
Merrill Lynch & Co. (alone), 98.6000, for 4s, 4.10s, 4.20s, 4.30s, 4.40s, 4.50s, 4.60s, 4.70s, 4.75s, 4.90s, 5s, 5.10s, 5.20s and 5.25s, TIC 5.045%.
Piper, Jaffray Inc., Dougherty, Dawkins, Inc., Robert W. Baird & Co., Inc. and Edward D. Jones & Co. (Co-managers), no other members, 99.0268, for 3.90s, 4.05s, 4.15s, 4.30s, 4.40s, 4.50s, 4.60s, 4.75s, 4.90s, 5.05s, 5.15s, 5.25s, 5.35s and 5.40s, TIC 5.046%.
William R. Hough & Co., Nike Securities, Inc. and Raymond James & Associates Inc. (Co-managers), no other members, 98.6940, for 4s, 4.10s, 4.20s, 4.45s, 4.50s, 4.70s, 4.80s, 5s, 5.15s, 5.25s, 5.35s and 5.375s, TIC 5.0648%.
EVEREN Securities, Inc. and First of America Securities (Co-managers), no other members, 98.8500, for 4.25s, 4.30s, 4.40s, 4.50s, 4.60s, 4.70s, 4.80s, 5s, 5.10s, 5.20s, 5.30s, 5.40s and 5.50s, TIC 5.0981%.
Dean Witter Reynolds Inc., ABN AMRO Securities, Prudential Securities Inc. and Oppenheimer & Co. (Co-managers), no other members, 98.601, for 4.30s, 4.40s, 4.50s, 4.60s, 4.70s, 4.80s, 4.90s, 5s, 5.125s, 5.25s, 5.30s and 5.40s, TIC 5.1074%.
Harris Trust & Savings Bank, Chicago, Josepthal, Lyons & Ross, Inc.
Southwest Securities Co. and Wachovia Bank of North Carolina N.A., Winston-Salem, 98.656, for 4.05s, 4.15s, 4.20s, 4.30s, 4.40s, 4.50s, 4.65s, 4.75s, 4.85s, 5s, 5.10s, 5.20s, 5.30s, 5.40s and 5.50s, TIC 5.128%.
<< Cottage Grove, Minn., Oct. 4 - $1,260,000 - General obligation sewer and water revenue (bank qualified/book entry) bonds, Series 1995C, dated Oct. 16, 1995, due Feb. 1, 1997 to 2011. Callable Feb. 1, 2003 at par.
Purchased by Smith Barney, Inc. and Cronin & Co., Inc. (Co-managers), no other members, as 3.90s, 4s, 4.15s, 4.30s, 4.50s, 4.60s, 4.70s, 4.80s, 4.90s, 5s (06-07), 5.20s, 5.30s, 5.40s and 5.50s, at 99.17, TIC 5.0318%.
L.O.: Briggs & Morgan, P.A., St. Paul and Minneapolis.
Reoffered at 3.90, 4.00, 4.15 (99), 5.10 (07), 5.25, 5.40, 5.50 and 5.60. The bonds due 2000 to 2006 were not reoffered.
Concessions: 1/4 (97-99) and 3/8 (07-11).
Other bidders were:
Piper, Jaffray Inc., Dougherty, Dawkins, Inc., Robert W. Baird & Co., Inc. and Edward D. Jones & Co. (Co-managers), no other members, 98.75, for 3.90s, 4.05s, 4.15s, 4.30s, 4.40s, 4.50s, 4.60s, 4.75s, 4.90s, 5s, 5.10s, 5.20s, 5.30s and 5.40s, TIC 5.047%.
Dain Bosworth, Inc. (alone), 99.0472, for 4.50s, 4.55s, 4.65s, 4.75s, 4.90s, 5s, 5.10s, 5.20s, 5.30s and 5.40s, TIC 5.0491%.
A group headed by FBS Investment Services, Inc., Norwest Investment Services, Inc. (Co-managers) and Miller & Schroeder Financial, Inc., in association with American National Bank & Trust Co., St. Pual and Juran & Moody, Inc., 98.75, for 3.90s, 4s, 4.15s, 4.30s, 4.40s, 4.50s, 4.60s, 4.70s, 4.85s, 5s, 5.10s, 5.20s, 5.30s, 5.40s and 5.50s, TIC 5.070%.
Merrill Lynch & Co. (alone), 98.1099, for 4s, 4.10s, 4.20s, 4.30s, 4.40s, 4.50s, 4.60s, 4.70s, 4.75s, 4.90s, 5s, 5.10s, 5.20s and 5.25s, TIC 5.103%.
EVEREN Securities Inc. and First of America Securities (Co-managers), no other members, 98.75, for 4.50s, 4.70s, 4.80s, 5s, 5.10s, 5.20s, 5.30s, 5.40s and 5.50s, TIC 5.1161%.
Harris Trust & Savings Bank, Chicago, Josepthal, Lyons & Ross, Inc., Southwest Securities Co. and Wachovia Bank of North Carolina N.A., Winston- Salem, 98.783, for 4.70s, 4.75s, 4.85s, 5s, 5.15s, 5.30s, 5.40s, 5.50s and 5.60s, TIC 5.201%.
Dean Witter Reynolds Inc., ABN AMRO Securities, Prudential Securities Inc. and Oppenheimer & Co. (Co-managers), no other members, 98.75, for 4.15s, 4.25s, 4.35s, 4.45s, 4.55s, 4.65s, 4.75s, 4.85s, 5s, 5.10s, 5.25s, 5.35s, 5.45s, 5.55s and 5.65s, TIC 5.2190%.
<< Duluth, Minn., Oct. 4 - $3,305,000 - Approximate - Gross revenue recreation facility (Municipal Golf Course) refunding (book entry) bonds, Series 1995, dated Nov. 1, 1995, due Dec. 1, 1996 to 2007. Callable Dec. 1, 2004 at par.
Purchased by Dain Bosworth, Inc., Cronin & Co., Inc., Dougherty, Dawkins, Inc. and Juran & Moody, Inc. (Co-managers), no other members, as 5.90s (96-04), 6s, 6.05s and 6.10s, at 99.80, NIC 6.1492%.
L.O.: Fryberger Buchanan Smith & Frederick, P.A., Duluth.
Reoffered at 4.50, 4.75, 5.00, 5.20, 5.40, 5.60, 5.70, 5.80, 5.90, 6.00, 6.05 and 6.10.
Concessions: None.
There were no other bids submitted:
MONTANA
<< Montana Board of Investments (Helena), Oct. 3 - $7,500,000 - Annual adjustable rate tender option municipal finance consolidation Act revenue (INTERCAP Revolving Program) bonds, Series 1995, reported Oct. 4.
We are now advised that the following group and bid was also submitted:
Zions Bank Capital Markets Group (alone), 99.61, for 4.20s, TIC 5.1671%.
OKLAHOMA
<< Catoosa Independent Sch. Dist. No. 2 (Rogers Co.), Okla., Oct. 4 - $3,175,000 - Building 1995 (bank qualified) bonds, dated Dec. 1, 1995, due Dec. 1, 1997 to 2003. Non-callable.
Purchased by United Missouri Bank of Kansas City, N.A. (alone), as 5.85s, 4.25s (98-99), 4.30s, 4.35, 4.40s and 4.50s, at par, NIC 4.4330%.
L.O.: Hilborne & Wiedman, Tulsa and State Attorney General.
Not reoffered.
Other bidders were:
Boatmen's Bank, N.A., St. Louis, James Baker & Associates, Capital West Securities, Country Club Bank, Kansas City, N.A. and First Tennessee Bank N.A., Memphis (Co-managers), no other members, 100.00, for 7.25s, 4.70s, 4.20s, 4.25s, 4.30s and 4.35s, NIC 4.447%.
Liberty National Bank & Trust Co., Oklahoma City (alone), 100.38, for 6s, 4.25s, 4.30s, 4.35s, 4.375s, 4.45s and 4.50s, NIC 4.466%.
Bank of Oklahoma, N.A., Tulsa (alone), 100.00, for 6.95s, 4.20s, 4.25s, 4.30s, 4.40s and 4.50s, NIC 4.475%.
Dean Witter Reynolds Inc. and Southwest Securities, Inc. (Co-managers), no other members, 100.00, for 7.50s, 6.25s, 4.40s, 4.50s, 4.60s, 4.70s and 4.80s, NIC 4.8993%.
TEXAS
<< Eagle Pass Independent Sch. Dist., Tex., Oct. 3 - $8,000,000 - School building (PSF Guaranteed/book entry/bank qualified) bonds, Series 1995, dated Sept. 15, 1995, due Aug. 15, 1996 to 2010. Callable Aug. 15, 2004 at par.
Purchased by Nike Securities, Inc., Raymond James & Associates, Inc., William R. Hough & Co., Betzold, Berg & Nussbaum, Inc. (Co-managers) and Josephthal, Lyon & Ross, Inc., as 6.75s, 7.50s (97-02), 4.50s, 4.625s, 4.75s (05-07), 4.50s (08-10), at 100.0014, NIC 5.0197%.
L.O.: Fulbright & Jaworski L.L.P., San Antonio and State Attorney General.
Reoffered at 3.80, 4.00, 4.15, 4.25, 4.35 (2000), 4.65 (03), 4.75s, 4.90s, 5.05s, 5.15s (07). The bonds due 2001, 2002 and 2008 to 2010 were not reoffered.
Concessions: 1/8 (96-97), 1/4 (98-2000 and 03-07).
Other bidders were:
Merrill Lynch & Co., James Baker & Associates and DLS Capital Partners (Co-managers), no other members, 100.00, for 7.50s, 6.50s, 4.60s, 4.625s, 4.75s, 4.90s, 5s and 4.50s, NIC 5.0263%.
Griffin, Kubik, Stephens & Thompson, Inc. and Dain Bosworth Inc. (Co- managers), no other members, 100.00, for 6.70s, 7.50s, 5.625s, 4.80s and 4.50s, NIC 5.0350%.
NationsBanc Capital Markets, Inc. (alone), 100.00, for 7.75s, 7.40s and 4.75s, NIC 5.0508%.
Southwest Securities, Inc. and Oppenheimer & Co., Inc., 100.00, for 6.50s, 5.75s, 4.55s, 4.65s, 4.75s, 4.85s, 4.95s and 5s, NIC 5.0587%.
Dean Witter Reynolds, Inc., Crews & Associates, Inc., A.G. Edwards & Sons, Inc., Texas Commerce Bank National Association Houston, Banc One Capital Corporation (Co-managers), Sterne, Agee & Leach, Inc., Tucker Anthony Incorporated and Commerce Investment Corp., 100.00, for 7.50s, 6.10s, 4.50s, 4.60s, 4.70s, 4.80s, 4.90s and 5s, NIC 5.0655%.
Rauscher Pierce Refsnes, Inc., Legg Mason Wood Walker, Inc., Smith Barney Inc., First Tennessee Bank, N.A., Memphis (Co-managers) and Wachovia Bank of North Carolina, N.A., Winston-Salem, 100.00, for 7.625s, 6.50s, 4.70s, 4.75s, 4.80s, 4.90s and 5s, NIC 5.0830%.
Morgan, Keegan & Co., Inc. and Principal Financial Securities, Inc. (Co-managers), no other members, 100.00, for 7.50s, 7.45s, 5.05s, 4.50s, 4.60s, 4.70s, 4.80s, 4.90s, 5s and 5.25s, NIC 5.1397%.
EVEREN Securities, Inc. and First of America Securities, Inc. (Co- manager), no other members, 100.00, for 7.375s, 4.40s, 4.50s, 4.60s, 4.70s, 4.80s, 4.90s, 5s, 5.125s, 5.25s and 5.375s, NIC 5.1737%.
First Southwest Co. and Stephens, Inc. (Co-managers), no other members, 100.00, for 7s, 5s, 5.10s, 4.70s and 4s, NIC 5.1853%.
<< Harris Co. Municipal Utility Dist. No. 360, Tex. (Houston), Oct. 4 - $3,250,000 - Improvement (bank qualified) bonds, Series 1995, dated Oct. 1, 1995, due Dec. 1, 1997 to 2017. Callable Dec. 1, 2005 at par.
Purchased by Southwest Securities, Inc. (alone), as 4.50s, 4.70s, 4.80s, 5s, 5.10s, 5.20s, 5.30s, 5.40s, 5.50s, 5.60s, 5.70s, 5.80s, 5.90s, 6s, 6.10s and 6.125s (12-17), at 97.00, NIC 6.1591%.
L.O.: Schwartz Page & Harding, L.L.P., Houston and State Attorney General.
Reoffered at par (97-11), 6.20, 6.30 (13-14) and 6.35 (15-17).
Concessions: 1/2 on all bonds.
Other bidders were:
Masterson Moreland Sauer Whisman, Inc. (alone), 97.00, for 5.60s, 5.70s, 5.80s, 5.90s, 6s and 6.125s, NIC 6.1645%.
Rauscher Pierce Refsnes, Inc., Legg Mason Wood Walker, Inc. (Co- managers) and Oppenheimer & Co., Inc., 97.00, for 5.70s, 5.80s, 5.90s, 6s and 6.10s, NIC 6.2070%.
Juran & Moody, Inc. (alone), 97.00, for 4.60s, 4.80s, 5s, 5.10s, 5.20s, 5.30s, 5.40s, 5.50s, 5.75s, 5.90s, 6s, 6.10s, 6.20s, 6.25s and 6.30s, NIC 6.3210%.
EVEREN Securities, Inc., Coastal Securities LTD (Co-managers) and GMS Group, Inc., 97.9814, for 5.50s, 5.60s, 5.70s, 5.80s, 5.90s, 6s, 6.10s, 6.20s, 6.30s and 6.45s, NIC 6.3428%.
VIRGINIA
<< Hopewell, Va., Oct. 4 - $2,000,000 - General obligation public improvement (book entry) notes, dated Sept. 15, 1995, due Oct. 1, 1998. Callable April 1, 1997 at par.
Purchased by Harris Trust & Savings Bank, Chicago and Josepthal, Lyon & Ross, as 4s, at 98.67, TIC 4.4703%.
L.O.: McSweeney Burtch & Crump, P.C., Richmond.
Reoffered at 4.30.
Concessions: 1/8.
Other bidders were:
Scott & Stringfellow Investments, Inc. and Central Fidelity Bank, Lynchburg (Co-managers), no other members, 99.51, for 4.375s, TIC 4.5466%.
First Union Capital Markets (alone), 99.14, for 4.25s, TIC 4.552%.
Davenport & Co. of Virginia, Inc., TIC 4.6145%.
<< Hopewell, Va., Oct. 4 - $1,000,000 - General obligation public improvement (book entry) notes, Series 1995 B, dated Sept. 15, 1995, due Oct. 1, 1996 to 2000. Non-callable.
Purchased by First Union Capital Markets (alone), as 3.65s, 4s, 4.20s, 4.25s and 4.30s, at 98.98, TIC 4.542%.
L.O.: McSweeney Burtch & Crump, P.C., Richmond.
Reoffered at 3.65, 4.00, 4.20, 4.35 and 4.45.
Concessions: None (96) and 1/4 (97-2000).
Other bidders were:
Scott & Stringfellow Investments, Inc. and Central Fidelity Bank, Lynchburg (Co-managers), no other members, 99.54, for 4.35s, 4.375s and 4.40s, TIC 4.5468%.
Harris Trust & Savings Bank, Chicago and Josepthal, Lyon & Ross, 99.40, for 4s, 4.15s, 4.30s, 4.40s and 4.50s, TIC 4.564%.
Davenport & Co. of Virginia, Inc., TIC 4.7158%
