ALABAMA
<< Bay Minette Public Building Authority, Ala., April 25 - $7,135,000 - Building revenue (FSA Insured/bank qualified) bonds, Series 1996, dated May 1, 1996, due May 1, 1997 to 2012, 2016 and 2021. First coupon Nov. 1, 1996. Callable May 1, 2006 at 102, declining to par May 1, 2008.
Purchased through negotiation by Regions Investments, Inc., as follows:
$3,460,000 Serial, as 3.80s, 4.25s, 4.40s, 4.50s, 4.60s, 4.70s, 4.75s, 4.85s, 4.90s, 5s, 5.10s, 5.20s, 5.30s, 5.40s, 5.50s and 5.60s.
$1,410,000 Term, due 2016, as 5.75s.
$2,265,000 Term, due 2021, as 5.875s.
L.O.: Walston, Stabler, Wells, Anderson & Bains, Birmingham.
Reoffered at par (97-02), 4.80, 4.90, 5.00, 5.10, 5.20, 5.30, 5.40, 5.50, 5.60, 5.70, 5.95 and 6.05.
ARKANSAS
<< Arkansas Development Finance Authority (Little Rock), April 22 - $8,310,000 - Economic development revenue (ADFA Guaranty Program - 1996 Series A through F) bonds (book entry/AMT), dated May 1, 1996, due May 1, 1997 to 2011. First coupon Nov. 1, 1996. Callable May 1, 2004 at 101, declining to par May 1, 2006.
Purchased through negotiation by A.G. Edwards & Sons, Inc., Hill, Crawford & Lanford a division of Sterne Agee & Leach Inc., Crews & Associates, Inc., and T.J. Raney & Sons, Division of Morgan Keegan & Co. Inc., as 5.25s, 5.20s, 5.125s (99-2000), 5s, 5.10s, 5.20s, 5.25s, 5.30s, 5.40s, 5.55s, 5.60s, 5.70s, 5.80s and 6s.
L.O.: Mitchell, Williams, Selig, Gates & Woodyard, Little Rock.
Reoffered at 4.00, 4.40, 4.60, 4.85, 5.00, 5.10, 5.20, 5.30, 5.40, 5.50, 5.65, 5.70, 5.80, 5.90 and 6.00.
CALIFORNIA
<< California State Public Works Board (Sacramento), April 30 - $455,400,000 - Lease revenue (Department of Corrections) bonds (California Substance Abuse Treatment Facility and State Prison at Corcoran (Corcoran II), AMBAC Insured except 1999/book entry), 1996 Series A, dated April 1, 1996, due Jan. 1, 1999 to 2015, 2017 and 2021. First coupon July 1, 1996. Callable Jan. 1, 2006 at 102, declining to par Jan. 1, 2008. 2021 Callable Jan. 1, 2006 at par.
Purchased through negotiation by Bear, Stearns & Co. Inc., BA Securities, Inc., J.C. Bradford & Co., E.J. De La Rosa & Co., Inc., Prudential Securities Inc. and Yaeger Capital Markets Inc., as follows:
$278,575,000 Serial, as 4.75s, 4.50s, 4.60s, 4.80s, 4.90s, 5s, 6s (05- 06), 5.25s, 6s, 5.40s, 5.50s, 5.70s, 5.75s, 5.80s and 5.50s (14-15).
$52,895,000 Term, due 2017, as 5.50s.
$123,930,000 Term, due 2021, as 5.25s.
L.O.: Orrick, Herrington & Sutcliffe, Sacramento, Jones Hall Hill & White, San Francisco and State Attorney General.
Reoffered at 4.55, 4.50, 4.65, 4.80, 4.90, 5.00, 5.10, 5.20, 5.35, 5.45, 5.55, 5.65, 5.75, 5.80, 5.85, 5.875, 5.90, 5.93% and 5.95.
<< Irwindale Community Redevelopment Agency, Calif., April 30 - $21,385,000 - City industrial development project 1996 subordinated lien tax allocation bonds, dated April 1, 1996, due Dec. 1, 1997 to 2010, 2013, 2019 and 2026. First coupon Dec. 1, 1996. Callable Dec. 1, 2006 at par.
Purchased through negotiation by Stone & Youngberg LLC, as follows:
$5,280,000 Serial, as 4.40s, 4.80s, 5.10s, 5.40s, 5.60s, 5.80s, 6s, 6.10s, 6.25s, 6.40s, 6.50s, 6.60s, 6.70s and 6.80s.
$1,860,000 Term, due 2013, as 6.90s.
$5,055,000 Term, due 2019, as 7s.
$9,190,000 Term, due 2026, as 7.05s.
L.O.: Jones Hall Hill & White, San Francisco.
Reoffered at par.
<< Monterey Industrial Development Authority, Calif., April 17 - $3,350,000 - Weekly adjustable rate industrial development revenue (Slautterback Corporation Project) bonds (Irrevocable Letter of Credit issued by Bayerische Vereinsbank AG), book entry/AMT, Series 1996A, dated April 17, 1996, due April 1, 2016.
Purchased through negotiation by Bank One, Columbus, N.A., Placement and Remarketing Agent, initial rate not available.
L.O.: Orrick, Herrington & Sutcliffe, San Francisco.
COLORADO
<< Colorado Mountain College Residence Hall Authority (Denver), April 30 - $13,265,000 - Revenue (MBIA Insured/book entry) bonds, Series 1996, dated April 15, 1996, due June 1, 1999 to 2008, 2012 and 2023. First coupon Dec. 1, 1996. Callable June 1, 2006 at 101, declining to par June 1, 2007.
Purchased through negotiation by George K. Baum & Co., as follows:
$3,030,000 Serial, as 4.45s, 4.60s, 4.75s, 4.85s, 4.95s, 5.05s, 5.15s, 5.25s (06-07) and 5.375s.
$1,955,000 Term, due 2012, as 5.625s.
$8,280,000 Term, due 2023, as 5.75s.
L.O.: Hyatt, Farber & Strickland, Denver.
Reofffered at 4.45, 4.60, 4.75, 4.85, 4.95, 5.05, 5.15, 5.25, 5.35, 5.45, 5.75 and 5.90.
ILLINOIS
<< Fox Lake, Ill., April 15 - $3,745,000 - Waterworks and sewerage revenue (AMBAC Insured/bank qualified/book entry) bonds, Series 1996, dated April 15, 1996, due May 1, 1997 to 2005, 2013, 2015 and 2021. First coupon Nov. 1, 1996. Callable May 1, 2006 at par.
Purchased through negotiation by Robert W. Baird & Co. Inc., as follows:
$815,000 Serial, as 4.05s, 4.35s, 4.55s, 4.75s, 4.85s, 4.95s, 5s, 5.05s and 5.15s.
$1,135,000 Term, due 2013, as 5.75s.
$370,000 Term, due 2015, as 5.90s.
$1,425,000 Term, due 2021, as 6.10s.
L.O.: Chapman & Cutler, Chicago.
KENTUCKY
<< Jefferson Co., Ky. (Louisville), April 17 - $3,000,000 - Weekly adjustable rate industrial building revenue (Wynn Starr Foods Project) bonds (Irrevocable Letter of Credit issued by Bank One, Kentucky, N.A), book entry/AMT, Series 1996, dated April 17, 1996, due April 1, 2016.
Purchased through negotiation by Bank One, Columbus, N.A., Placement and Remarketing Agent, initial rate not available.
L.O.: Brown, Todd & Heyburn, Louisville.
MAINE
<< Maine Municipal Bond Bank (Augusta), May 1 - $29,970,000 - Revenue (book entry) bonds, 1996 Series A and B, dated May 1, 1996. First coupon Nov. 1, 1996.
Purchased through negotiation by PaineWebber Incorporated, A.G. Edwards & Sons, Inc., Fleet Securities, Key Capital Markets, Inc., Prudential Securities Inc. and Smith Barney Inc., as follows:
$2,630,000 Series A (AMBAC Insured), due Nov. 1, 1997 to 2006. Non- callable, as 5s (97-03), 5.05s, 5.15s and 5.25s.
Reoffered at 3.80, 4.30, 4.45, 4.60, 4.75, 4.90, 5.00, 5.05, 5.15 and 5.25.
$27,340,000 Series B (AMBAC Insured except 1997), due Nov. 1, 1997 to 2009, 2013 and 2016. Callable Nov. 1, 2006 at 102, declining to par Nov. 1, 2008, as follows:
$19,110,000 Serial, as 5.30s (97-03), 5.35s (04-07), 5.45s and 5.50s.
$5,125,000 Term, due 2013, as 5.85s.
$3,105,000 Term, due 2016, as 5.90s.
Reoffered at 3.90, 4.30, 4.45, 4.60, 4.75, 4.90, 5.00, 5.05, 5.15, 5.25, 5.35, 5.45, 5.50, 5.85 and 5.90.
L.O.: Hawkins, Delafield & Wood, New York.
MASSACHUSETTS
<< Massachusetts Industrial Finance Agency (Boston), April 30 - $5,000,000 - Weekly variable rate industrial development revenue (The KMS Companies Issue- Series 1996) bonds (Irrevocable direct pay Letter of Credit issued by State Street Bank and Trust Company, Boston), book entry/AMT, dated May 2, 1996, due May 1, 2016. First coupon June 6, 1996.
Privately placed through negotiation by State Street Bank and Trust Company, Boston, as Placement Agent, initial rate as 3.90s.
L.O.: Palmer & Dodge L.L.P., Boston.
Reoffered at par.
<< Massachusetts Industrial Finance Agency (Boston), April 30 - $4,200,000 - Weekly variable rate industrial development revenue (Nutramax Products, Inc. Issue, Series 1996A) bonds (Irrevocable direct pay Letter of Credit issued by State Street Bank and Trust Company, Boston), book entry/AMT, dated May 3, 1996, due May 1, 2016. First coupon June 6, 1996.
Privately placed through negotiation by State Street Bank and Trust Company, Boston, as Placement Agent, initial rate as 3.90s.
L.O.: Palmer & Dodge L.L.P., Boston.
Reoffered at par.
MISSISSIPPI
<< Stone Co., Miss. (Wiggins), April 2 - $4,000,000 - Urban renewal revenue (Phase III Redevelopment Project) notes, Series 1996, dated April 16, 1996, due April 16, 2019. First coupon Oct. 16, 1996. Mandatory tender on or before April 16, 1999.
Purchased through negotiation by Thorn Welch & Co. Inc., at 5.00%.
L.O.: Stennett, Wilkinson & Peden, Jackson.
Reoffered at 5.25 to April 16, 1999 and 6.70 to earliest mandatory tender or optional redemption at April 16, 1997.
NEBRASKA
<< Lexington, Neb., April 18 - $600,000 - Bond anticipation (book entry) notes, 1996 Series, dated May 15, 1996, due May 15, 1997. Callable Nov. 15, 1996 at par.
Purchased through negotiation by Chiles Heider Division Smith Barney Inc., at 4.25%.
L.O.: Baird, Holm, McEachen, Pedersen, Hamann & Strasheim, Omaha.
OHIO
<< Stark Co., Ohio (Canton), April 17 - $1,300,000 - Weekly adjustable rate industrial development revenue (Foundation Systems and Anchors, Inc. Project) bonds (Irrevocable Letter of Credit issued by Bank One, Akron, N.A), book entry/AMT, Series 1996, dated April 17, 1996, due Feb. 1, 2012.
Purchased through negotiation by Bank One, Columbus, N.A., Placement and Remarketing Agent, initial rate not available.
L.O.: Squire, Sanders & Dempsey, Cleveland.
OREGON
<< Oregon Housing and Community Services Department (Salem), April 25 - $23,000,000 - Revision - Mortgage revenue (Single Family Mortgage Program) bonds (book entry), 1996 Series A and B, dated April 1, 1996, purchased through negotiation by Smith Barney Inc., Bear, Stearns & Co. Inc., M.R. Beal & Co., Merrill Lynch & Co. and PaineWebber Incorporated.
Due to the private placement of the 2026 maturity, the par amount has been changed, as follows:
$16,535,000 Series B (AMT), as follows:
$4,480,000 Serial.
$6,250,000 Term, due 2022.
$5,805,000 Term, due 2027.
All other details in the report in our issue of April 29, remain the same.
PENNSYLVANIA
<< Pennsylvania Higher Educational Facilities Authority (Harrisburg), April 23 - $80,000,000 - Weekly variable rate health services revenue (The University of Pennsylvania) bonds (book entry), Series C of 1996, dated April 30, 1996, due Jan. 1, 2026. First coupon June 3, 1996. Adjustment date May 8, 1996.
Purchased through negotiation by Goldman, Sachs & Co., initial rate as 4s.
L.O.: Ballard Spahr Andrews & Ingersoll and Singley & Associates, both of Philadelphia.
Reoffered at par.
<< Port Allegany Sch. Dist. (McKean and Potter Cos.), Pa., April 15 - $2,920,000 - General obligation (FSA Insured/bank qualified) bonds, Series of 1996, dated May 1, 1996, due Oct. 15, 1996 to 2009. First coupon Oct. 15, 1996. Callable Oct. 15, 2001 at par.
Purchased through negotiation by Prudential Securities Inc., as 3.65s, 3.95s, 4.15s, 4.30s, 4.40s, 4.45s, 4.60s, 4.70s, 4.80s, 4.90s, 5.05s, 5.15s, 5.25s and 5.35s.
L.O.: Rhoads & Sinon, Harrisburg.
Reoffered at par (96-2000), 4.55, 4.70, 4.80, 4.90, 5.00, 5.15, 5.30, 5.40 and 5.50.
WASHINGTON
<< Port Washington, Wash., April 16 - $2,370,000 - General obligation refunding (bank qualified/book entry) bonds, dated June 1, 1996, due April 1, 1997 to 2012. First coupon April 1, 1997. Callable April 1, 2006 at par.
Purchased through negotiation by Griffin, Kubik, Stephens & Thompson, Inc., as 4.90s (97-99), 5s (2000-03), 5.10s (04-07), 5.20s, 5.30s, 5.40s, 5.50s and 5.60s.
L.O.: Quarles & Brady, Milwaukee.
Reoffered at 4.15, 4.30, 4.45, 4.55, 4.65, 4.75, 4.85, 4.95, 5.05, 5.10, 5.20, 5.30, 5.40, 5.50, 5.60 and 5.70.
<< Tacoma Sch. Dist. No. 10 (Pierce Co.), Wash., April 30 - $15,980,000 - Various general obligation (AMBAC Insured/book entry) bonds, dated May 1, 1996. First coupon Dec. 1, 1996. Non-callable.
Purchased through negotiation by Prudential Securities Inc and Smith Barney Inc., as follows:
$6,000,000 Series 1996 (limited), bank qualified, due June 1, 1997 to 1999, as 3.90s, 4.25s and 4.625s.
$4,000,000 Series A (refunding), bank qualified, due June 1, 2000 to 2002, as 4.40s and 5.125s (01-02).
Reoffered at 3.90, 4.25, 4.35, 4.40, 4.55 and 4.65.
$5,980,000 Series B (refunding), due June 1, 1997 to 2000, as 3.90s, 4.20s, 4.40s and 4.50s.
L.O.: Preston Gates & Ellis, Seattle.
Reoffered at par.
WISCONSIN
<< Sheboygan Area Sch. Dist. (Sheboygan and Manitowoc Cos.), Wis., April 16 - 14,825,000 - General obligation refunding (book entry) bonds, dated May 15, 1996, due April 1, 1998 to 2010. First coupon April 1, 1997. Callable April 1, 2006 at par.
Purchased through negotiation by Robert W. Baird & Co. Inc., as 6.80s (98-2000), 5.25s (01-05), 5.30s, 5.40s, 5.50s, 5.60s and 5.70s.
L.O.: Godfrey & Kahn, S.C., Milwaukee.
Reoffered at 4.35, 4.50, 4.65, 4.75, 4.90, 5.00, 5.10, 5.20, 5.30, 5.40, 5.50, 5.60 and 5.70.
MARYLAND
<< Baltimore, Md., April 26 - $50,800,000 - Convertible refunding revenue (Baltimore City Parking System Facilities) bonds (Taxable - Exchangeable for Tax Exempt Bonds on the Conversion Date), FGIC Insured/book entry, Series 1996A, dated April 15, 1996. First coupon Jan. 1, 1997. Conversion date May 1, 1997.
Purchased through negotiation by A.H. Williams & Co. Inc., as follows:
$21,760,000 Term, due May 1, 2013, as 6.75s to May 1, 1997, as 5.95s thereafter.
$29,040,000 Term, due July 1, 2018, as 7s to May 1, 1997, as 6s thereafter.
L.O.: Shapiro & Olander, Baltimore and Leftwich & Douglas, Washington D.C.
Reoffered at par.
