Results of Competitive Sales

MINNESOTA

Maple Grove (City)

Oct 7, 2013 . . . . . . $3,905,000

General Obligation Road Reconstruction Bonds, Series 2013C (book entry).

Dated Nov 5, 2013.

Due Feb 1, 2015 to 2029.

Callable Feb 1, 2022 at par.

Winning bid: Robert W. Baird, at 101.7424, TIC 2.9221%.

Due Amount Cpn Yield Conc Ins
2/1/15 $185,000 3.00% 0.28%
2/1/16 $220,000 3.00% 0.55%
2/1/17 $225,000 3.00% 0.84%
2/1/18 $230,000 3.00% 1.22%
2/1/19 $240,000 3.00% 1.55%
2/1/20 $245,000 3.00% 1.84%
2/1/21 $250,000 3.00% 2.11%
2/1/22 $260,000 3.00% 2.36%
2/1/23 $270,000 3.00% 2.56%
2/1/24 $275,000 3.00% 2.80%
2/1/25 $285,000 3.00% 3.00%
2/1/26 $290,000 3.125% 3.20%
2/1/27 $300,000 3.25% 3.35%
2/1/28 $310,000 3.375% 3.50%
2/1/29 $320,000 3.50% 3.65%

Other managers: CL King & Associates, Coastal Securities Corp., Fidelity Capital Markets, Kildare Capital, Inc., SAMCO Capital Markets, Cronin & Co., Inc., Edward Jones, Loop Capital Markets, LLC, Crews & Associates, Inc., Davenport & Company LLC, Northland Securities, Inc., Vining-Sparks IBG, Limited Partnership, Ross, Sinclaire & Associates LLC, Incapital LLC, CastleOak Securities, L.P., Wedbush Securities Inc., Dougherty & Company LLC, Country Club Bank, Bernardi Securities, Inc., Isaak Bond Investments, Inc., R. Seelaus & Co., Inc., Alamo Capital.

L.O.: Faegre Baker Daniels LLP, Minneapolis, MN.

F.A.: Springsted Incorporated, St. Paul, MN.

Other bidders were:

Jefferies, TIC 3.0366%

Hutchinson Shockey, TIC 3.0608%

BMO Cap Mkts GKST, TIC 3.1388%

JPMorgan, TIC 3.2112%

Maple Grove (City)

Oct 7, 2013 . . . . . . $5,475,000

General Obligation Refunding Bonds, Series 2013D (book entry).

Dated Nov 5, 2013.

Due Feb 1, 2015 to 2021.

Non-callable.

Winning bid: Hutchinson Shockey, at 107.2858, TIC 1.1315%.

Due Amount Cpn Yield Conc Ins
2/1/15 $1,250,000 4.00% 0.25%
2/1/16 $1,375,000 4.00% 0.50%
2/1/17 $1,400,000 4.00% 0.80%
2/1/18 $440,000 2.00% 1.18%
2/1/19 $450,000 3.00% 1.55%
2/1/20 $460,000 4.00% 1.83%
2/1/21 $100,000 2.25% 2.13%

L.O.: Faegre Baker Daniels LLP, Minneapolis, MN.

F.A.: Springsted Incorporated, St. Paul, MN.

Other bidders were:

Jefferies, TIC 1.1641%

BMO Cap Mkts GKST, TIC 1.1771%

Robert W. Baird, TIC 1.1888%

Piper Jaffray, TIC 1.1895%

PNC Capital Markets, TIC 1.2494%

JPMorgan, TIC 1.2694%

NEW YORK

Lawrence Union Free School District

Oct 7, 2013 . . . . . . $5,400,000

Tax Anticipation Notes for 2013-2014 Taxes (bank qualified).

Dated Oct 15, 2013.

Due Jun 27, 2014.

Purchased $5,400,000.00 by Jefferies, at 1.25%, plus $17,120.00, effective rate 0.7971%.

L.O.: Hawkins, Delafield & Wood, New York, NY.

F.A.: New York Municipal Advisors Corp. (NYMAC), Syosset, NY.

Other bidders were:

TD Bank, N.A., Effective Rate 0.8957%

Oppenheimer, Effective Rate 0.9729%

Malverne Union Free School District

Oct 7, 2013 . . . . . . $3,100,000

Tax Anticipation Notes for 2013-2014 Taxes (bank qualified).

Dated Oct 17, 2013.

Due Jun 27, 2014.

Purchased $3,100,000.00 by TD Securities, at 1.0%, plus $11,222.00, effective rate 0.4787%.

L.O.: Hawkins, Delafield & Wood, New York, NY.

F.A.: New York Municipal Advisors Corp. (NYMAC), Syosset, NY.

Other bidders were:

PNC Capital Markets, Effective Rate 0.5608%

Jefferies, Effective Rate 0.6465%

Oppenheimer, Effective Rate 0.8554%

NORTH DAKOTA

West Fargo (City)

Oct 7, 2013 . . . . . . $13,630,000

Refunding Improvement Bonds of 2013, Series B (book entry).

Dated Oct 15, 2013.

Due May 1, 2014 to 2038.

Callable May 1, 2022 at par.

Winning bid: Robert W. Baird, at 99.6071, NIC 3.6968%.

Due Amount Cpn Yield Conc Ins
5/1/14 $225,000 2.00% 0.35%
5/1/15 $650,000 2.00% 0.50%
5/1/16 $675,000 2.00% 0.75%
5/1/17 $665,000 3.00% 1.05%
5/1/18 $635,000 3.00% 1.45%
5/1/19 $625,000 3.00% 1.80%
5/1/20 $620,000 3.00% 2.05%
5/1/21 $600,000 3.00% 2.32%
5/1/22 $585,000 3.00% 2.55%
5/1/23 $575,000 3.00% 2.75%
5/1/24 $575,000 3.00% 3.10%
5/1/25 $565,000 3.125% 3.25%
5/1/26 $555,000 3.25% 3.45%
5/1/27 $545,000 3.50% 3.60%
5/1/28 $535,000 3.625% 3.75%
5/1/29 $525,000 3.75% 3.90%
5/1/31 $1,035,000 4.00% 4.00%
5/1/32 $510,000 4.00% 4.07%
5/1/33 $505,000 4.00% 4.12%
5/1/34 $500,000 4.00% 4.17%
5/1/35 $495,000 4.00% 4.21%
5/1/36 $485,000 4.00% 4.25%
5/1/37 $475,000 4.125% 4.30%
5/1/38 $470,000 4.20% 4.35%

Other managers: Coastal Securities Corp., CL King & Associates, Fidelity Capital Markets, Kildare Capital, Inc., Edward Jones, SAMCO Capital Markets, Crews & Associates, Inc., Cronin & Co., Inc., Northland Securities, Inc., Incapital LLC, Ross, Sinclaire & Associates LLC, Isaak Bond Investments, Inc., D.A. Davidson & Co., Wedbush Securities Inc., Sterne, Agee & Leach, Inc, Davenport & Company LLC, Loop Capital Markets, LLC, Vining-Sparks IBG, Limited Partnership, CastleOak Securities, L.P., Bernardi Securities, Inc., George K. Baum & Co., R. Seelaus & Co., Inc., Eastern Bank Capital Markets, J.J.B. Hilliard, W.L. Lyons, Inc..

L.O.: Ohnstad Twichell, West Fargo, ND.

F.A.: Dougherty & Company LLC, Bismarck, ND.

Other bidders were:

Hutchinson Shockey, NIC 3.7373%

Raymond James, NIC 3.7392%

Mesirow Financial, NIC 3.7979%

KeyBanc Cap Mkts, NIC 3.8373%

Guggenheim Secs, NIC 3.8827%

BA Merrill Lynch, NIC 3.9291%

Citigroup, NIC 3.9782%

Piper Jaffray, NIC 3.9979%

Janney Montgomery, NIC 4.0221%

UBS Financial Svcs, NIC 4.0408%

TEXAS

Harris County Municipal Utility District No. 358

Oct 7, 2013 . . . . . . $4,390,000

Unlimited Tax Bonds, Series 2013 (bank qualified) (book entry).

Dated Nov 1, 2013.

Due Nov 1, 2014 to 2035.

Callable Nov 1, 2021 at par.

Winning bid: RBC Capital Mkts, at 97.5000, NIC 4.7844%.

Due Amount Cpn Yield Conc Ins
11/1/14 $150,000 3.00% 1.00%
11/1/15 $150,000 3.00% 1.50%
11/1/16 $150,000 3.00% 2.00%
11/1/17 $150,000 3.00% 2.25%
11/1/18 $150,000 3.00% 2.50%
11/1/19 $150,000 3.00% 2.75%
11/1/20 $150,000 3.00% 3.00%
11/1/21 $150,000 3.25% 3.25%
11/1/22 $150,000 3.50% 3.50%
11/1/23 $150,000 3.75% 3.75%
11/1/24 $150,000 4.00% 4.00%
11/1/25 $150,000 4.00% 4.15%
11/1/26 $150,000 4.25% 4.30%
11/1/27 $150,000 4.375% 4.45%
11/1/28 $150,000 4.50% 4.60%
11/1/29 $150,000 4.70% 4.70%
11/1/30 $175,000 4.75% 4.80%
11/1/31 $190,000 4.875% 4.90%
11/1/32 $200,000 4.875% 5.00%
11/1/35 $1,425,000 5.00% 5.10%

L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.

F.A.: FirstSouthwest, Houston, TX.

Other bidders were:

Southwest Securities, NIC 4.845%

GMS Group, NIC 4.918%

For reprint and licensing requests for this article, click here.
Competitive sales results
MORE FROM BOND BUYER