Results of Competitive Sales

COLORADO

Colorado

Dec 19, 2013 . . . . . . $210,000,000

Education Loan Program Tax and Revenue Anticipation Notes, Series 2013B (book entry).

Dated Jan 6, 2014.

Due Jun 27, 2014.

Purchased $210,000,000.00 by Morgan Stanley, at 2.0%, plus $1,873,200.00, effective rate 0.121%.

L.O.: Kutak Rock, Denver, CO.

F.A.: RBC Capital Markets, Denver, CO.

Other bidders were:

Wells Fargo Secs, Effective Rate 0.1216%

JPMorgan, Effective Rate 0.1216%

BA Merrill Lynch, Effective Rate 0.1309%

BA Merrill Lynch, Effective Rate 0.1327%

US Bancorp Invest, Effective Rate 0.1405%

TD Securities, Effective Rate 0.1426%

BA Merrill Lynch, Effective Rate 0.1454%

Barclays Capital, Effective Rate 0.1503%

TD Securities, Effective Rate 0.1524%

Barclays Capital, Effective Rate 0.1552%

TD Securities, Effective Rate 0.1565%

US Bancorp Invest, Effective Rate 0.1615%

US Bancorp Invest, Effective Rate 0.172%

US Bancorp Invest, Effective Rate 0.172%

KENTUCKY

Calloway County School District Finance Corporation

Dec 19, 2013 . . . . . . $5,995,000

Energy Conservation Revenue Bonds, Series of 2013 (Kentucky State School District Credit Enhancement Program) (bank qualified) (book entry).

Dated Dec 1, 2013.

Due Feb 1, 2015 to 2034.

Callable Feb 1, 2024 at par.

Winning bid: Robert W. Baird, at 98.0975, NIC 3.9357%.

Due Amount Cpn Yield Conc Ins
2/1/21 $815,000 1.70% 1.70%
2/1/22 $190,000 3.00% 2.60%
2/1/23 $210,000 3.00% 2.75%
2/1/24 $230,000 3.00% 2.90%
2/1/25 $255,000 3.00% 3.10%
2/1/26 $280,000 3.25% 3.30%
2/1/27 $310,000 4.00% 3.40%
2/1/28 $345,000 4.00% 3.50%
2/1/29 $375,000 4.00% 3.65%
2/1/31 $1,020,000 4.00% 4.00%
2/1/32 $600,000 4.00% 4.15%
2/1/33 $655,000 4.125% 4.30%
2/1/34 $710,000 4.125% 4.35%

Other managers: Duncan-Williams, Inc., CL King & Associates, Edward Jones, SAMCO Capital Markets, Crews & Associates, Inc., Kildare Capital, Inc., Loop Capital Markets, LLC, FTN Financial Capital Markets, Isaak Bond Investments, Inc., Vining-Sparks IBG, Limited Partnership, Wedbush Securities Inc., Northland Securities, Inc., First Kentucky Securities Corp., Alamo Capital, Oppenheimer & Co., Inc..

L.O.: Steptoe & Johnson PLLC, Louisville, KY.

F.A.: Ross, Sinclaire & Associates LLC, Louisville, KY.

Other bidders were:

J.J.B. Hilliard, NIC 3.9453%

Sterne Agee, NIC 4.0044%

Raymond James, NIC 4.1404%

MINNESOTA

Albert Lea (City)

Dec 19, 2013 . . . . . . $1,285,000

General Obligation Equipment Certificates, Series 2014A (bank qualified) (book entry).

Dated Jan 16, 2014.

Due Feb 1, 2015 to 2023.

Callable Feb 1, 2021 at par.

Winning bid: United Banker's Bk, at n/a, TIC 2.1016%.

Due Amount Cpn Yield Conc Ins
2/1/15 $70,000 0.40% 0.40%
2/1/16 $140,000 0.50% 0.50%
2/1/17 $140,000 0.85% 0.85%
2/1/18 $150,000 1.15% 1.15%
2/1/19 $150,000 1.50% 1.50%
2/1/20 $150,000 1.85% 1.85%
2/1/21 $155,000 2.15% 2.15%
2/1/22 $160,000 2.50% 2.50%
2/1/23 $170,000 2.625% 2.625%

L.O.: Kennedy & Graven, Minneapolis, MN.

F.A.: Ehlers, Roseville, MN.

Other bidders were:

UMB Bank, TIC 2.1323%

UBS Financial Svcs, TIC 2.1777%

Robert W. Baird, TIC 2.1985%

BOSC, TIC 2.2413%

NEW JERSEY

East Brunswick Township

Dec 19, 2013 . . . . . . $7,178,000

Bond Anticipation Note (bank qualified).

Dated Jan 14, 2014.

Due Jan 14, 2015.

Purchased $7,178,000.00 by Jefferies, at 0.75%, plus $31,441.00, effective rate 0.312%.

L.O.: DeCotiis, FitzPatrick & Cole, LLP, Teaneck, NJ.

F.A.: Municipal Official(s).

Other bidders were:

TD Securities, Effective Rate 0.387%

Oppenheimer, Effective Rate 0.634%

Glassboro Borough

Dec 19, 2013 . . . . . . $9,814,000

General Obligation Bonds, Series 2014A (bank qualified) (book entry).

Dated Jan 16, 2014.

Due Jan 15, 2015 to 2039.

Callable Jan 15, 2023 at par.

Winning bid: Roosevelt & Cross, at 100.0000, NIC 4.0246%.

Due Amount Cpn Yield Conc Ins
1/15/15 $250,000 3.00% 0.35%
1/15/16 $250,000 3.00% 0.50%
1/15/17 $250,000 3.00% 0.75%
1/15/18 $250,000 3.00% 1.05%
1/15/19 $250,000 4.00% 1.45%
1/15/20 $325,000 4.00% 1.85%
1/15/21 $330,000 4.00% 2.15%
1/15/22 $340,000 4.00% 2.45%
1/15/23 $350,000 4.00% 2.65%
1/15/24 $360,000 4.00% 2.80%
1/15/25 $370,000 4.00% 3.00%
1/15/26 $385,000 4.00% 3.25%
1/15/27 $400,000 4.00% 3.50%
1/15/28 $415,000 4.00% 3.65%
1/15/29 $430,000 4.00% 3.80%
1/15/30 $445,000 4.00% 3.90%
1/15/31 $465,000 4.00% 4.00%
1/15/32 $480,000 4.00% 4.05%
1/15/33 $495,000 4.00% 4.10%
1/15/34 $495,000 4.00% 4.15%
1/15/35 $495,000 4.00% 4.20%
1/15/36 $495,000 4.00% 4.25%
1/15/37 $495,000 4.125% 4.30%
1/15/38 $495,000 4.125% 4.35%
1/15/39 $499,000 4.25% 4.40%

Other managers: UBS Financial Services, Inc., Ramirez & Co., Inc., Stifel, Nicolaus & Co., Inc., CL King & Associates, Bank of New York Mellon Capital Markets, LLC.

L.O.: Parker, McCay, P.A., Mount Laurel, NJ.

F.A.: NW Financial Group, Hoboken, NJ; and NW Financial Group, Hoboken, NJ.

Other bidders were:

Robert W. Baird, NIC 4.0274%

Sterne Agee, NIC 4.2123%

Northvale Borough

Dec 19, 2013 . . . . . . $1,500,000

General Obligation Bond Anticipation Notes (bank qualified).

Dated Dec 27, 2013.

Due Nov 14, 2014.

Purchased $1,500,000.00 by Valley National Bank, at 0.69%, effective rate 0.69%.

L.O.: Rogut McCarthy LLC, Cranford, NJ.

F.A.: Municipal Official(s).

Other bidders were:

Oppenheimer, Effective Rate 0.9724%

Jefferies, Effective Rate 0.9784%

Roosevelt & Cross, Effective Rate 1.1059%

Winslow Township

Dec 19, 2013 . . . . . . $4,800,000

Bond Anticipation Notes of 2013, Series B Consisting of $2,300,000 General Improvement Notes and $2,500,000 Water and Sewer Utility Notes (bank qualified).

Dated Dec 30, 2013.

Due Jul 29, 2014.

Purchased $4,800,000.00 by Oppenheimer, at 1.5%, plus $1,200.00, effective rate 1.4569%.

L.O.: Parker, McCay, P.A., Mount Laurel, NJ.

F.A.: Municipal Official(s).

Other bidders were:

Jefferies, Effective Rate 1.481%

NEW YORK

Camillus (Town)

Dec 19, 2013 . . . . . . $57,350

Bond Anticipation Notes, 2014 (bank qualified).

Dated Jan 9, 2014.

Due Jan 9, 2015.

Purchased $57,350.00 by Solvay Bank, at 1.1%, effective rate 1.1%.

L.O.: Bond, Schoeneck & King, PLLC, Syracuse, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

NBT Bank, Effective Rate 1.67%

Roosevelt & Cross, Effective Rate 1.9403%

Elmira (City)

Dec 19, 2013 . . . . . . $3,000,000

Revenue Anticipation Notes, 2014 (bank qualified).

Dated Jan 3, 2014.

Due Oct 3, 2014.

Purchased $3,000,000.00 by Jefferies, at 1.25%, plus $1,832.00, effective rate 1.1686%.

L.O.: Orrick, Herrington & Sutcliffe, New York, NY.

F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.

Other bidders were:

Roosevelt & Cross, Effective Rate 1.2827%

Oppenheimer, Effective Rate 1.3628%

JPMorgan Chase, Effective Rate 1.48%

Glen Cove (City)

Dec 19, 2013 . . . . . . $400,000

Bond Anticipation Notes - 2013 Series H (bank qualified).

Dated Dec 30, 2013.

Due Apr 11, 2014.

Purchased $400,000.00 by Jefferies, at 2.5%, plus $265.00, effective rate 2.2639%.

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

F.A.: Capital Markets Advisors, LLC, Great Neck, NY.

Other bidders were:

Roosevelt & Cross, Effective Rate 3.5%

Oppenheimer, Effective Rate 3.8215%

Glen Cove (City)

Dec 19, 2013 . . . . . . $10,774,837

Bond Anticipation Notes for Various Purposes - 2014 Series A (bank qualified).

Dated Jan 9, 2014.

Due Oct 1, 2014.

Purchased $10,774,840.00 by TD Securities, at 1.5%, plus $18,317.22, effective rate 1.2664%.

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

F.A.: Capital Markets Advisors, LLC, Great Neck, NY.

Other bidders were:

Jefferies, Effective Rate 1.3928%

Janney Montgomery, Effective Rate 1.5164%

Oppenheimer, Effective Rate 1.556%

Oppenheimer, Effective Rate 1.6985%

Roosevelt & Cross, Effective Rate 2.3832%

Orange-Ulster Counties Board of Cooperative Educational Servicess of the Sole Supervisory District

Dec 19, 2013 . . . . . . $11,000,000

Revenue Anticipation Notes, 2013.

Dated Dec 27, 2013.

Due Jul 31, 2014.

Purchased $11,000,000.00 by Jefferies, at 1.0%, plus $14,192.00, effective rate 0.783%.

L.O.: Orrick, Herrington & Sutcliffe, New York, NY.

F.A.: Capital Markets Advisors, LLC, Hopewell Junction, NY.

Other bidders were:

Oppenheimer, Effective Rate 1.033%

Schenectady County

Dec 19, 2013 . . . . . . $2,999,500

Various Purposes Serial Bonds - 2013 (book entry).

Dated Dec 30, 2013.

Due Dec 15, 2015 to 2018.

Non-callable.

Winning bid: Roosevelt & Cross, at n/a, TIC 1.0991%.

Due Amount Cpn Yield Conc Ins
12/15/15 $749,500 3.00% 0.40%
12/15/16 $750,000 3.00% 0.60%
12/15/17 $750,000 4.00% 0.92%
12/15/18 $750,000 4.00% 1.30%

Other managers: UBS Financial Services, Inc., Ramirez & Co., Inc., CL King & Associates, Stifel, Nicolaus & Co., Inc., Bank of New York Mellon Capital Markets, LLC.

L.O.: Hodgson, Russ LLP, Albany, NY.

F.A.: Munistat Services, Inc., Port Jefferson, NY.

Other bidders were:

Morgan Stanley, TIC 1.1692%

OHIO

Cleveland Municipal School District

Dec 19, 2013 . . . . . . $10,525,000

General Obligation (Unlimited Tax) School Improvement Refunding Bonds, Series 2014 (book entry).

Dated Jan 9, 2014.

Due Dec 1, 2014 to 2015.

Non-callable.

Winning bid: Jefferies, at 102.5087, TIC 1.6129%.

Due Amount Cpn Yield Conc Ins
12/1/14 $6,325,000 3.00% 0.18% OSDCE
12/1/15 $4,200,000 4.00% 0.43% OSDCE

Other managers: Raymond James & Associates, Inc., FTN Financial Capital Markets, Morgan Stanley & Co., Inc..

L.O.: Squire, Sanders & Dempsey, Cleveland, OH.

F.A.: Fifth Third Securities, Inc., Columbus, OH.

Other bidders were:

Huntington Invest, TIC 1.6929%

Piper Jaffray, TIC 1.7345%

BMO Cap Mkts GKST, TIC 1.9804%

OKLAHOMA

Jenks (City)

Dec 18, 2013 . . . . . . $13,760,000

General Obligation Combined Purpose Bonds of 2014 (Unlimited Tax) (book entry).

Dated Feb 1, 2014.

Due Feb 1, 2016 to 2034.

Callable Feb 1, 2023 at par.

Winning bid: BOSC, at n/a, NIC 3.5859%.

Due Amount Cpn Yield Conc Ins
2/1/16 $710,000 1.00% 0.60%
2/1/17 $725,000 1.20% 1.20%
2/1/18 $725,000 3.00% 1.30%
2/1/19 $725,000 3.00% 1.50%
2/1/20 $725,000 3.00% 2.00%
2/1/21 $725,000 3.00% 2.35%
2/1/22 $725,000 3.50% 2.60%
2/1/23 $725,000 3.50% 2.90%
2/1/24 $725,000 3.50% 3.05%
2/1/25 $725,000 3.50% 3.25%
2/1/26 $725,000 3.50% 3.40%
2/1/27 $725,000 3.50% 3.50%
2/1/28 $725,000 3.50% 3.60%
2/1/29 $725,000 3.625% 3.70%
2/1/30 $725,000 3.75% 3.80%
2/1/31 $725,000 3.875% 3.90%
2/1/32 $725,000 4.00% 4.00%
2/1/33 $725,000 4.00% 4.05%
2/1/34 $725,000 4.00% 4.10%

L.O.: Johanning & Byrom, Oklahoma City, OK; and State Attorney General.

F.A.: The Baker Group, Oklahoma City, OK.

Other bidders were:

Piper Jaffray, NIC 3.7073%

Hutchinson Shockey, NIC 4.2429%

TAXABLE ISSUES

GEORGIA

Marietta (City)

Dec 19, 2013 . . . . . . $61,000,000

General Obligation Bonds, Series 2013B (Taxable) (book entry).

Dated Dec 30, 2013.

Due Jan 1, 2015 to 2034.

Callable Jan 1, 2023 at par.

Winning bid: Robert W. Baird, at 100.0000, TIC 4.4561%.

Due Amount Cpn Yield Conc Ins
1/1/15 $2,615,000 3.00% 0.50%
1/1/16 $2,650,000 3.00% 0.70%
1/1/17 $2,685,000 4.00% 1.15%
1/1/18 $2,730,000 4.00% 1.70%
1/1/19 $2,780,000 4.00% 2.15%
1/1/20 $2,835,000 4.50% 2.60%
1/1/21 $1,965,000 4.50% 3.00%
1/1/25 $6,460,000 4.00% 4.00%
1/1/26 $3,405,000 4.10% 4.10%
1/1/27 $3,535,000 4.20% 4.20%
1/1/28 $3,675,000 4.30% 4.30%
1/1/29 $3,825,000 4.40% 4.40%
1/1/30 $3,990,000 4.50% 4.50%
1/1/31 $4,165,000 4.60% 4.60%
1/1/32 $4,355,000 4.70% 4.70%
1/1/33 $4,555,000 4.80% 4.80%
1/1/34 $4,775,000 5.00% 4.85%

Other managers: Davenport & Company LLC, CL King & Associates, Coastal Securities Corp., Edward Jones, Crews & Associates, Inc., SAMCO Capital Markets, Incapital LLC, FTN Financial Capital Markets, Cronin & Co., Inc., SunTrust Robinson Humphrey, Bernardi Securities, Inc., Oppenheimer & Co., Inc., Ross, Sinclaire & Associates LLC, Wedbush Securities Inc..

L.O.: Murray Barnes Finister LLP, Atlanta, GA.

F.A.: Public Financial Management, Inc., Atlanta, GA.

Other bidders were:

Wells Fargo Secs, TIC 4.4906%

JPMorgan, TIC 4.7539%

NEW YORK

Glen Cove (City)

Dec 19, 2013 . . . . . . $972,043

Bond Anticipation Notes - 2014 Series B (Federally Taxable).

Dated Jan 9, 2014.

Due Oct 1, 2014.

Purchased $972,043.00 by Sage Rutty, at 1.19%, effective rate 1.19%.

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

F.A.: Capital Markets Advisors, LLC, Great Neck, NY.

Other bidders were:

Roosevelt & Cross, Effective Rate 2.706%

Oppenheimer, Effective Rate 2.9152%

Jefferies, Effective Rate 3.471%

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