KENTUCKY
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<< Lexington-Fayette Urban County Government, Ky. (Lexington) May 28 - $14,885,000 - Approximate - Sewer system refunding revenue (MBIA Insured) bonds, Series of 1996, dated June 1, 1996, due July 1, 1997 to 2008. Non- callable.
Purchased by Merrill Lynch & Co., J.C. Bradford & Co., J.J.B. Hilliard, W.L. Lyons, Inc. (Co-managers), Johnston, Brown Burnett & Knight, Inc., PaineWebber Incorporated and Seasongood & Mayer, as 4.50s (97 to 2000), 4.60s (01-02), 4.75s, 4.80s and 5s (05-08), at 99.038, NIC 4.959%.
L.O.: Harper Ferguson & Davis, Louisville.
Reoffered at 4.35 (99), 4.50, 4.60, 4.70, 4.80, 4.90, 5.00, 5.10, 5.20 and 5.30. The bonds due 1997 and 1998 were not reoffered.
Concessions: 1/4 (99-08).
Among the other bidders were:
Smith Barney, Inc., ABN AMRO Securities Inc., Prudential Securities Inc., Dean Witter Reynolds Inc., Oppenheimer & Co., Inc., A.G. Edwards & Sons, Inc., Fidelity Capital Markets, Inc., First Kentucky Securities Inc. and NatCity Investments, Inc. (Co-managers), no other members, 99.180, for 4.20s, 4.30s, 4.50s, 4.60s, 4.70s, 4.80s, 4.90s, 5s and 5.35s, NIC 4.9655%.
Morgan Keegan & Co., Inc., PNC Securities Corp., Sterne, Agee & Leach, Inc., Crews & Associates Inc., Duncan-Williams, Inc., Ross, Sinclaire & Associates, Inc. (Co-managers), Fitzgerald, Davis & Associates, Josephthal, Lyon & Ross, Inc., Hutchinson, Shockey Erley & Co., Mesirow Financial, Inc., Stifel, Nicolaus & Co., Inc. and Municipal Securities, Inc., 99.10, for 3.65s, 4.20s, 4.40s, 4.55s, 4.65s, 4.75s, 4.85s, 4.95s and 5s, NIC 4.9787%.
Dain Bosworth, Inc., Griffin, Kubik, Stephens & Thompson Inc., Raymond James & Associates Inc. (Co-managers) and William Blair & Co., 99.2850, for 4.50s, 4.70s, 4.80s, 4.90s, 5s and 5.35s, NIC 5.0141%.
Robert W. Baird & Co. Inc. (alone), 99.3993, for 4.50s, 4.60s, 4.70s, 4.80s, 4.90s, 5s, 5.10s, 5.15s, 5.25s and 5.35s, NIC 5.0665%.
MINNESOTA
<< Mahtomedi, Minn., May 28 - $2,725,000 - General obligation improvement (bank qualified/book entry) bonds, Series 1996A, dated June 1, 1996, due Feb. 1, 1998 to 2012. Callable Feb. 1, 2007 at par.
Purchased by FBS Investment Services, Inc. Investment Services, Inc. and Norwest Investment Services, Inc. (Co-managers), no other members, as 4.15s, 4.25s, 4.40s, 4.50s, 4.60s, 4.70s, 4.80s, 4.90s, 5s, 5.10s, 5.20s, 5.30s, 5.40s, 5.50s and 5.60s, at 99.14, TIC 5.2070%.
L.O.: Briggs & Morgan, P.A., St. Paul and Minneapolis.
Reoffered at par.
Concessions: 1/8 (98-99) and 1/4 (2000-12).
Other bidders were:
Smith Barney, Inc. and Cronin & Co., Inc. (Co-managers), no other members, 98.533, for 4.40s, 4.50s, 4.60s, 4.70s, 4.80s, 4.90s, 5s, 5.10s, 5.20s, 5.30s, 5.40s, 5.50s and 5.60s, TIC 5.3052%.
Griffin, Kubik, Stephens & Thompson Inc. (alone), 98.72, for 4.70s, 4.80s, 4.90s, 5s, 5.10s, 5.20s, 5.30s, 5.40s and 5.50s, TIC 5.3207%.
Prudential Securities Inc., ABN AMRO Securities, Inc., Dean Witter Reynolds Inc., PaineWebber Incorporated and Oppenheimer & Co., Inc. (Co- managers), no other members, 98.533, for 4.25s, 4.35s, 4.45s, 4.55s, 4.64s, 4.75s, 4.85s, 4.95s, 5.05s, 5.10s, 5.25s, 5.30s, 5.40s, 5.50s and 5.60s, TIC 5.326
Piper, Jaffray Inc. and Robert W. Baird & Co., Inc. (Co-managers), no other members, 98.536, for 4.30s, 4.45s, 4.60s, 4.65s, 4.75s, 4.85s, 4.95s, 5s, 5.10s, 5.20s, 5.30s, 5.40s, 5.50s and 5.55s, TIC 5.3302%.
Dain Bosworth, Inc. (alone), 98.6565, for 4.30s, 4.45s, 4.60s, 4.65s, 4.70s, 4.75s, 4.80s, 4.90s, 5s, 5.10s, 5.20s, 5.30s, 5.40s and 5.50s, TIC 5.3318%.
Miller & Schroeder Financial, Inc., American National Bank & Trust Co., St. Paul, John G. Kinnard & Co., Inc. and Juran & Moody, Inc. (Co- managers), no other members, 98.92, for 4.20s, 4.40s, 4.50s, 4.60s, 4.70s, 4.80s, 4.90s, 5s, 5.10s, 5.20s, 5.30s, 5.40s, 5.50s, 5.60s and 5.70s, TIC 5.3409%.
TEXAS
<< Bedford, Tex., May 28 - $9,815,000 - General obligation limited tax (FGIC Insured/bank qualified/book entry) bonds, Series 1996, dated May 15, 1996, due Feb. 1, 1997 to 1998 and 2005 to 2016. Callable Feb. 1, 2006 at par.
Purchased by NationsBanc Capital Markets, Inc. and First Union Capital Markets Corp. (Co-managers), no other members, as 7s (97-98 and 05-06), 5.10s, 5.125s, 5.25s, 5.375s, 5.40s, 5.50s (12-13) and 5.60s (14-16), at 99.5060, TIC 5.6113%.
L.O.: Fulbright & Jaworski L.L.P., San Antonio and State Attorney General.
Reoffered at 3.80, 4.20 (98), 5.15 (07) 5.25, 5.35, 5.45, 5.50, 5.55, 5.60, 5.65, 5.70 and 5.75. The bonds due 2005 to 2006 were not reoffered.
Concessions: 1/8, 1/4 (98 and 07-11) and 3/8 (12-16).
Other bidders were:
Dain Bosworth, Inc. and Griffin, Kubik, Stephens & Thompson Inc. (Co- managers), no other members, 99.50, for 6.90s, 7.125s, 6.30s, 5.125s, 5.25s, 5.30s, 5.40s, 5.50s and 5.60s, TIC 5.6191%.
Dean Witter Reynolds Inc., Prudential Securities Inc., A.G. Edwards & Sons, Inc., Crews & Associates, Inc., Texas Commerce Bank National Association, Houston, Banc One Capital Corporation, Sterne, Agee & Leach, Inc., Principal Financial Securities, Inc., Oppenheimer & Co., Inc. (Co- managers), Service Asset Management Company, Robert W. Baird & Co., Inc., Edward D. Jones & Co. and Josephthal, Lyon & Ross, Inc., 99.50, for 7.10s, 5.10s, 5.20s, 5.30s, 5.40s, 5.50s, 5.55s and 5.60s, TIC 5.6197%.
PaineWebber Incorporated, Legg Mason Wood Walker, Inc., Rauscher Pierce Refsnes, Inc., Smith Barney Inc. (Co-managers) and Norwest Investment Services, Inc., 99.50, for 5.15s, 7.15s, 6.85s, 5.25s, 5.35s, 5.45s, 5.50s, 5.60s and 5.625s, TIC 5.6249%.
Nike Securities, Inc. and Betzold, Berg & Nussbaum, Inc. (Co-managers), no other members, 99.5215, for 5.25s, 5.35s, 5.40s, 5.50s, 5.60s, 5.70s, 5.75s, 5.85s and 5.90s, TIC 5.6494%.
Southwest Securities, Inc., Piper, Jaffray Inc. and J.C. Bradford & Co., 99.50, for 7s, 6.875s, 5s, 5.125s, 5.25s, 5.35s, 5.50s, 5.70s and 5.75s, TIC 5.659%.
<< Pasadena, Tex., May 28 - $5,950,000 - Anticipation limited tax (MBIA Insured/book entry) notes, Series 1996, dated May 15, 1996, due Feb. 15, 1996 to 2001. Non-callable.
Purchased by Coastal Securities Corporation (alone), as 6.20s, 5.95s, 4.20s, 4.35s and 4.50s, at 100.00, NIC 4.647%.
L.O.: Fulbright & Jaworski, L.L.P., Houston and State Attorney General.
Reoffered at 4.10, 4.35, 4.50 and 4.60. The bonds due 1997 were not reoffered.
Concessions: 1/8 (98-01).
Other bidders were:
Griffin, Kubik, Stephens & Thompson Inc., Dain Bosworth, Inc. and ABN AMRO Securities, Inc. (Co-managers), 100.00, for 4.875s, 5.50s and 4.60s, NIC 4.7481%.
Legg Mason Wood Walker, Inc., Smith Barney, Inc., Rauscher Pierce Refsnes, Inc., PaineWebber Incorporated, Texas Commerce Bank, N.A., Houston (Co-managers) and Josephthal, Lyon & Ross, Inc., 100.00, for 6.20s, 6s, 4.40s, 4.50s and 4.60s, NIC 4.769839%.
Southwest Securities, Inc., Service Asset Management and Robert W. Baird & Co., Inc. (Co-managers), no other members, 100.00, for 6.375s, 4.75s and 4.375s, NIC 4.77%.
First Southwest Company and Morgan Keegan & Co., Inc. (Co-managers), no other members, 100.00, for 6s, 6.40s, 4.40s, 4.50s and 4.60s, NIC 4.806%.
Prudential Securities Inc., Dean Witter Reynolds Inc., A.G. Edwards & Sons, Inc., Banc One Capital Corporation, Sterne, Agee & Leach, Inc., Fidelity Capital Markets, Inc. (Co-managers) and Principal Financial Securities, Inc., 100.00, for 6.40s, 4.40s, 4.50s and 4.60s, NIC 4.8251%.
Hutchinson, Shockey, Erley & Co. (alone), 100.00, for 6s, 4.45s, 4.60s and 4.70s, NIC 4.83477%.
NationsBanc Capital Markets, Inc. (alone), 100.00, for 6.50s, 6.40s, 4.50s, 4.60s and 4.75s, NIC 4.9322%.
<< Pasadena, Tex., May 28 - $5,050,000 - General obligation limited tax (FGIC Insured/book entry) bonds, Series 1996, dated May 15, 1996, due Feb. 15, 2000 to 2004. Non-callable.
Purchased by Coastal Securities Corporation (alone), as 6.50s, 4.50s, 4.60s, 4.65s and 4.75s, at 100.00, NIC 4.893%.
L.O.: Fulbright & Jaworski, L.L.P., Houston and State Attorney General.
Reoffered at 4.70, 4.60, 4.70, 4.80 and 4.90.
Concessions: 1/8 on all bonds.
Other bidders were:
Southwest Securities, Inc., Service Asset Management and Robert W. Baird & Co., Inc. (Co-managers), no other members, 100.00, for 6.50s, 5.375s and 4.50s, NIC 4.91%.
Legg Mason Wood Walker, Inc., Smith Barney, Inc., Rauscher Pierce Refsnes, Inc., PaineWebber Incorporated, Texas Commerce Bank, N.A., Houston (Co-managers) and Josephthal, Lyon & Ross, Inc., 100.00, for 6.60s, 4.60s, 4.65s and 4.75s, NIC 4.92397%.
Prudential Securities Inc., Dean Witter Reynolds Inc., A.G. Edwards & Sons, Inc., Banc One Capital Corporation, Sterne, Agee & Leach, Inc., Fidelity Capital Markets, Inc. (Co-managers) and Principal Financial Securities, Inc., 100.00, for 6.10s, 4.65s, 4.80s and 4.90s, NIC 4.9492%.
Hutchinson, Shockey, Erley & Co. (alone), 100.047, for 5.90s, 4.70s, 4.80s and 4.90s, NIC 4.97516%.
Griffin, Kubik, Stephens & Thompson Inc., Dain Bosworth, Inc. and ABN AMRO Securities, Inc. (Co-managers), 100.00, for 6s, 4.875s, 4.70s, 4.80s and 4.90s, NIC 4.9825%.
First Southwest Company and Morgan Keegan & Co., Inc. (Co-managers), no other members, 100.00, for 6.40s, 4.60s, 4.70s, 4.80s and 4.90s, NIC 4.991%.
NationsBanc Capital Markets, Inc. (alone), 100.00, for 6.20s, 4.75s, 4.80s, 4.90s and 5s, NIC 5.0591%.
<< Pasadena, Tex., May 28 - $1,540,000 - Waterworks and sewer system revenue (AMBAC Insured/book entry) bonds, Series 1996, dated June 1, 1996, due April 1, 1997 to 2011. Callable April 1, 2006 at par.
Purchased by Prudential Securities Inc., Dean Witter Reynolds Inc., A.G. Edwards & Sons, Inc. and Sterne, Agee & Leach, Inc. (Co-managers), no other members, as 7s (97-02), 5.50s, 5s (04-05), 5.10s, 5.20s, 5.30s, 5.40s and 5.50s (10-11), at 100.00, NIC 5.5267%.
L.O.: Fulbright & Jaworski, L.L.P., Houston and State Attorney General.
Reoffered at 3.70, 4.20, 4.40, 4.55, 4.65, 4.75, 4.85, 4.95, 5.05, 5.15, 5.25, 5.35, 5.45, 5.55 and 5.65.
Concessions: 1/4 (97), 3/8 (98-2000) and 1/2 (01-11).
Other bidders were:
Southwest Securities, Inc., Service Asset Management and Robert W. Baird & Co., Inc., 100.00, for 7s, 5.375s, 5.10s, 5.15s, 5.20s, 5.25s, 5.30s, 5.40s, 5.50s and 5.60s, NIC 5.56%.
Legg Mason Wood Walker, Inc., Smith Barney, Inc., Rauscher Pierce Refsnes, Inc. and PaineWebber Incorporated (Co-managers), no other members, 100.00, for 7.10s, 6.15s, 5.10s, and 5.25s, NIC 5.5942%.
<< Prestonwood Forest Utility Dist., Tex., May 22 - $605,000 - Revenue (bank qualified) bonds, Series 1996, dated May 1, 1996, due Aug. 1, 2000 to 2006, as 4.50s, 0s, 4.70s, 4.80s, 4.85s, 4.875s and 5s, at 97.00, NIC 5.2312%.
L.O.: Young & Brooks, Houston and State Attorney General.
<< West Harris Co. Municipal Utility Dist. No. 6, Tex. (Houston), May 28 - $1,210,000 - Waterworks & sewer system combination unlimited tax & revenue (bank qualified) bonds, Series 1996, dated June 1, 1996, due April 1, 1997 to 2019. Callable April 1, 2006 at par.
Purchased by Rauscher Pierce Refsnes, Inc. (alone), as 7.50s (97-04), 5.60s, 5.70s, 5.80s, 5.90s and 6s (09-19), at 97.00, NIC 6.2438%.
L.O.: Coats, Rose, Yale, Holm, Ryman & Lee, P.C., Houston and State Attorney General.
Reoffered at 4.20, 4.60, 4.90, 5.10, 5.30, 5.40, 5.50, 5.60 (04-05), 5.70, 5.80, 5.90, 6.00, 6.05, 6.10, 6.15, 6.20, 6.25, 6.30 (15-16) and 6.35 (17-19).
Concessions: None.
Other bidders were:
EVEREN Securities, Inc. Coastal Securities Corporation and GMS Group, Inc. (Co-managers), no other members, 97.00, for 8s, 5.80s, 5.90s, 6s, 6.25s and 5.50s, NIC 6.25%.
Juran & Moody, Inc. (alone), 97.00, for 4.50s, 4.60s, 4.80s, 5s, 5.10s, 5.20s, 5.30s, 5.40s, 5.50s, 5.60s, 5.75s, 5.90s, 6s, 6.10s and 6.20s, NIC 6.29531%.
Legg Mason Wood Walker, Inc. and Oppenheimer & Co., Inc. (Co-managers), no other members, 97.00, for 7.80s, 5.65s, 5.30s, 5.40s, 5.50s, 5.60s, 5.70s, 5.80s, 6s, 6.125s, 6.15s and 6.25s, NIC 6.33%.
WISCONSIN
<< Clear Lake Sch. Dist., Wis., May 28 - $3,000,000 - General obligation (AMBAC Insured/bank qualified/book entry) bonds, Series 1996A, dated June 1, 1996, due April 1, 1998 to 2016. Callable May 1, 2007 at par.
Purchased by Dain Bosworth, Inc. (alone), as 5s (98-01), 7s (02-06), 5.40s, 5.25s, 5.30s, 5.40s and 5.50s (11-16), at 101.580, TIC 5.5140%.
L.O.: Davis & Kuethau, S.C., Milwaukee.
Reoffered at 4.35, 4.45, 4.55, 4.65 (01), 5.30 (08), 5.40, 5.45, 5.55, 5.60, 5.65, 5.70 and 5.75 (15-16). The bonds due 2002 to 2007 were not reoffered.
Concessions: 3/8 (98-01) and 1/4 (08-16).
Other bidders were:
Griffin, Kubik, Stephens & Thompson Inc. (alone), 100.00, for 7s, 7.50s, 5.60s, 5s, 5.10s, 5.20s, 5.30s, 5.40s and 5.50s, TIC 5.5209%.
Robert W. Baird & Co., Inc., Piper, Jaffray Inc. and Josephthal, Lyon & Ross, Inc. (Co-managers), no other members, 100.0009, for 5.95s, 6.25s, 5.20s, 5.05s, 5.30s, 5.40s, 5.50s, 5.55s, 5.65s, 5.70s and 5.75s, TIC 5.5863%.
Banc One Capital Corporation (alone), 100.0086, for 6s, 5.55s, 5.10s, 5.20s, 5.30s, 5.40s, 5.50s, 5.60s, 5.70s, 5.75s and 5.80s, TIC 5.5916%.
ABN AMRO Securities, Inc., Prudential Securities Inc., Dean Witter Reynolds Inc., Oppenheimer & Co., Inc. and PaineWebber Incorporated (Co- managers), no other members, 100.0003, for 4.25s, 4.40s, 4.50s, 4.60s, 6,75s, 5.30s, 5.10s, 5.20s, 5.30s, 5.40s, 5.50s, 5.60s, 5.70s, 5.75s and 5.80s, TIC 5.6161%.
Hutchinson, Shockey, Erley & Co. (alone), 100.00, for 4.80s, 6s, 5.60s, 5.50s, 5.75s and 5.875s, TIC 5.7266%.
<< Marion, Wis., May 21 - $2,150,000 - Water system and sewer sytem revenue bond anticipation (bank qualified/book entry) notes, dated June 1, 1996, due June 1, 2001.
Purchased by State Street Bank and Trust Company of Boston, at 4.90%, plus $1,995.00, effective rate 4.957%.
L.O.: Quarles & Brady, Milwaukee.
<< Portage Co., Wis. (Stevens Point), May 21 - $3,750,000 - Bond antipation (bank qualified/book entry) notes, dated June 1, 1996, due June 1, 2000.
Purchased by William R. Hough & Co., as 4.50s, at 99.334, NIC 4.6665%.
L.O.: Quarles & Brady, Milwaukee.
WISCONSIN
<< Portage Co., Wis. (Stevens Point), May 21 - $5,100,000 - Bond antipation (taxable/book entry) notes, dated June 1, 1996, due June 1, 2000.
Purchased by Nike Securties, Inc., as 6.60s, at 99.4436, NIC 6.7391%.
L.O.: Quarles & Brady, Milwaukee.
