MICHIGAN
Royal Oak
Dec 11, 2008 . . . . . . $11,825,000
Capital Improvement Bonds, Series 2008 (Limited Tax General Obligation) (book entry).
Dated Dec 1, 2008.
Due Oct 1, 2009 to 2028.
Callable Oct 1, 2018 at par.
Winning bid: Robert W. Baird, at 98.0000, TIC 5.8961%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 10/1/09 | $430,000 | 4.00% | 2.00% | AGC | |
| 10/1/10 | $440,000 | 4.00% | 2.60% | AGC | |
| 10/1/11 | $460,000 | 4.00% | 2.94% | AGC | |
| 10/1/12 | $475,000 | 4.00% | 3.35% | AGC | |
| 10/1/13 | $500,000 | 4.125% | 3.65% | AGC | |
| 10/1/14 | $520,000 | 4.25% | 3.90% | AGC | |
| 10/1/15 | $550,000 | 4.50% | 4.11% | AGC | |
| 10/1/16 | $455,000 | 5.00% | 4.40% | AGC | |
| 10/1/17 | $480,000 | 5.125% | 4.75% | AGC | |
| 10/1/18 | $510,000 | 5.25% | 5.00% | AGC | |
| 10/1/19 | $530,000 | 5.25% | 5.27% | AGC | |
| 10/1/20 | $560,000 | 5.375% | 5.50% | AGC | |
| 10/1/21 | $600,000 | 5.625% | 5.80% | AGC | |
| 10/1/22 | $630,000 | 5.75% | 5.90% | AGC | |
| 10/1/24 | $1,380,000 | 6.00% | NRO | NRO | AGC |
| 10/1/26 | $1,555,000 | 6.00% | NRO | NRO | AGC |
| 10/1/28 | $1,750,000 | 6.25% | NRO | NRO | AGC |
Other managers: Stifel, Nicolaus & Co., Inc., Davenport & Company LLC, CL King & Associates, Loop Capital Markets, LLC, Charles Schwab & Co., Comerica Securities.
L.O.: Axe & Ecklund, P.C., Grosse Pointe Farms, MI.
F.A.: Raymond James & Associates, Inc., Grosse Pointe Farms, MI.
Other bidders were:
BMO Capital Markets, TIC 6.0626%
Hutchinson Shockey, TIC 6.2441%
Morgan Stanley, TIC 6.5888%
NEW JERSEY
Mantua Township
Dec 12, 2008 . . . . . . $2,983,414
Bond Anticipation Notes of 2008, Series B (bank qualified) (book entry).
Dated Dec 19, 2008.
Due Dec 18, 2009.
Purchased $2,983,410.00 by Janney Montgomery, at 3.25%, plus n/a, effective rate n/a.
L.O.: Parker, McCay, P.A., Marlton, NJ.
F.A.: Municipal Official(s).
Other bidders were:
Commerce Bk/PA, Effective Rate 4.3157%
Penns Grove Borough
Dec 12, 2008 . . . . . . $210,000
Special Emergency Notes of 2008, Series A (bank qualified).
Dated Dec 19, 2008.
Due Dec 18, 2009.
Purchased $210,000.00 by First Elmer Inv Corp, at 2.99%, effective rate 2.99%.
L.O.: Parker, McCay, P.A., Marlton, NJ.
F.A.: Municipal Official(s).
Other bidders were:
Fulton Financial, Effective Rate 4.0%
Penns Grove Borough
Dec 12, 2008 . . . . . . $401,300
Bond Anticipation Notes of 2008, Series B (bank qualified).
Dated Dec 19, 2008.
Due Dec 18, 2009.
Purchased $401,300.00 by First Elmer Inv Corp, at 2.99%, effective rate 2.99%.
L.O.: Parker, McCay, P.A., Marlton, NJ.
F.A.: Municipal Official(s).
Other bidders were:
Fulton Financial, Effective Rate 4.0%
SOUTH CAROLINA
Rock Hill (City)
Dec 11, 2008 . . . . . . $2,700,000
General Obligation Bonds, Series 2008 (book entry).
Dated Dec 30, 2008.
Due Apr 1, 2010 to 2024.
Callable Apr 1, 2019 at par.
Winning bid: BB&T Cap Mkts, at n/a, TIC 4.3%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 4/1/10 | $125,000 | 4.30% | NRO | NRO | |
| 4/1/11 | $130,000 | 4.30% | NRO | NRO | |
| 4/1/12 | $135,000 | 4.30% | NRO | NRO | |
| 4/1/13 | $145,000 | 4.30% | NRO | NRO | |
| 4/1/14 | $150,000 | 4.30% | NRO | NRO | |
| 4/1/15 | $160,000 | 4.30% | NRO | NRO | |
| 4/1/16 | $165,000 | 4.30% | NRO | NRO | |
| 4/1/17 | $175,000 | 4.30% | NRO | NRO | |
| 4/1/18 | $185,000 | 4.30% | NRO | NRO | |
| 4/1/19 | $195,000 | 4.30% | NRO | NRO | |
| 4/1/20 | $205,000 | 4.30% | NRO | NRO | |
| 4/1/21 | $215,000 | 4.30% | NRO | NRO | |
| 4/1/22 | $225,000 | 4.30% | NRO | NRO | |
| 4/1/23 | $240,000 | 4.30% | NRO | NRO | |
| 4/1/24 | $250,000 | 4.30% | NRO | NRO |
L.O.: McNair Law Firm, Greenville, SC.
F.A.: Municipal Official(s).
Other bidders were:
UBS Financial Svcs, TIC 5.2065%
Bank of America, TIC 5.27%
RBC Capital Mkts, TIC 5.27%
Banc of America, TIC 5.7834%
