Results of Competitive Sales

ILLINOIS

Peru (City)

Oct 26, 2009 . . . . . . $3,115,000

General Obligation Bonds, Series 2009A (bank qualified) (book entry).

Dated Dec 1, 2009.

Due Jan 1, 2011 to 2020.

Non-callable.

Winning bid: M & I Bank, at n/a, TIC 3.4362%.

Due Amount Cpn Yield Conc Ins
1/1/11 $265,000 2.00% 1.25%
1/1/12 $280,000 2.50% NRO NRO
1/1/13 $290,000 3.00% 2.20%
1/1/14 $295,000 3.00% 2.50%
1/1/15 $300,000 3.50% 2.90%
1/1/16 $310,000 3.50% 3.20%
1/1/17 $325,000 3.75% 3.40%
1/1/18 $335,000 4.00% 3.55%
1/1/19 $350,000 4.00% 3.70%
1/1/20 $365,000 4.00% 3.80%

L.O.: Katten Muchin Rosenman LLP, Chicago, IL.

F.A.: Speer Financial, Inc., Chicago, IL.

Other bidders were:

Bernardi Securities, TIC 3.4425%

BMO Capital Markets, TIC 3.5055%

Vining-Sparks IBG, TIC 3.5147%

Robert W. Baird, TIC 3.6474%

MINNESOTA

Austin Independent School District No. 492

Oct 26, 2009 . . . . . . $2,595,000

General Obligation Refunding Bonds, Series 2009A (MN SD Credit Enhancement Program) (bank qualified) (book entry).

Dated Nov 1, 2009.

Due Feb 1, 2011 to 2013.

Non-callable.

Winning bid: Cronin, at 100.8702, TIC 1.5113%.

Due Amount Cpn Yield Conc Ins
2/1/11 $1,235,000 2.00% 1.00%
2/1/12 $1,235,000 2.00% 1.40%
2/1/13 $125,000 2.00% 1.70%

Other managers: Wells Fargo Advisors, Wells Fargo Brokerage Securites, LLC.

L.O.: Knutson, Flynn, Deans & Olsen, Mendota Heights, MN.

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

Other bidders were:

Piper Jaffray, TIC 1.5731%

M & I Bank, TIC 1.6431%

East Grand Forks Independent School District No. 595

Oct 26, 2009 . . . . . . $2,200,000

General Obligation Aid Anticipation Certificates of Indebtedness of 2009 (Minnesota State Credit Enhancement Program) (bank qualified) (book entry).

Dated Nov 12, 2009.

Due Sep 30, 2010.

Purchased $2,200,000.00 by Piper Jaffray, at 1.25%, plus $11,308.00, effective rate 0.6639%.

L.O.: Dorsey & Whitney, Minneapolis, MN.

F.A.: Public Financial Management, Inc., Minneapolis, MN.

Other bidders were:

Robert W. Baird, Effective Rate 0.6729%

Northland Securities, Effective Rate 0.8177%

Oppenheimer, Effective Rate 0.9752%

Moorhead (City)

Oct 26, 2009 . . . . . . $975,000

General Obligation Tax Increment Refunding Bonds, Series 2009D (bank qualified) (book entry).

Dated Nov 15, 2009.

Due Feb 1, 2011 to 2018.

Non-callable.

Winning bid: Cronin, at 100.1948, TIC 3.1835%.

Due Amount Cpn Yield Conc Ins
2/1/11 $110,000 2.00% 1.25%
2/1/12 $120,000 2.00% 1.75%
2/1/13 $120,000 2.50% 2.00%
2/1/14 $120,000 3.00% 2.40%
2/1/15 $120,000 3.00% 2.80%
2/1/16 $125,000 3.25% 3.00%
2/1/17 $125,000 3.50% 3.25%
2/1/18 $135,000 4.00% 3.40%

Other managers: Wells Fargo Advisors, Wells Fargo Brokerage Securites, LLC.

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

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

Other bidders were:

Robert W. Baird, TIC 3.308%

Hutchinson Shockey, TIC 4.6131%

Moorhead (City)

Oct 26, 2009 . . . . . . $1,615,000

General Obligation Improvement Refunding Bonds, Series 2009C (bank qualified) (book entry).

Dated Nov 15, 2009.

Due Feb 1, 2011 to 2022.

Callable Feb 1, 2019 at par.

Winning bid: Cronin, at 100.2054, TIC 3.5065%.

Due Amount Cpn Yield Conc Ins
2/1/11 $165,000 2.00% 1.25%
2/1/12 $170,000 2.00% 1.75%
2/1/13 $150,000 2.50% 2.00%
2/1/14 $140,000 3.00% 2.40%
2/1/15 $140,000 3.00% 2.80%
2/1/16 $135,000 3.25% 3.00%
2/1/17 $130,000 3.50% 3.25%
2/1/18 $125,000 4.00% 3.40%
2/1/19 $120,000 4.00% 3.60%
2/1/20 $120,000 4.00% 3.75%
2/1/21 $110,000 4.00% 3.90%
2/1/22 $110,000 4.00% 4.00%

Other managers: Wells Fargo Advisors, Wells Fargo Brokerage Securites, LLC.

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

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

Other bidders were:

Robert W. Baird, TIC 3.7154%

Moorhead (City)

Oct 26, 2009 . . . . . . $2,820,000

General Obligation Improvement Bonds, Series 2009A (bank qualified) (book entry).

Dated Nov 15, 2009.

Due Feb 1, 2012 to 2031.

Callable Feb 1, 2019 at par.

Winning bid: RBC Capital Mkts, at 99.3241, TIC 4.1241%.

Due Amount Cpn Yield Conc Ins
2/1/12 $145,000 3.00% 2.00%
2/1/13 $140,000 3.00% 2.00%
2/1/14 $140,000 3.00% 2.375%
2/1/15 $140,000 3.00% 2.75%
2/1/16 $135,000 3.00% 3.00%
2/1/17 $135,000 3.25% 3.25%
2/1/18 $135,000 3.40% 3.40%
2/1/19 $135,000 3.60% 3.60%
2/1/20 $135,000 3.75% 3.75%
2/1/21 $135,000 3.90% 3.90%
2/1/22 $140,000 4.00% 4.00%
2/1/23 $140,000 4.10% 4.10%
2/1/24 $140,000 4.125% 4.125%
2/1/25 $140,000 4.20% 4.20%
2/1/26 $140,000 4.30% 4.30%
2/1/27 $145,000 4.40% 4.40%
2/1/31 $600,000 4.50% 4.50%

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

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

Other bidders were:

Wells Fargo Brkge, TIC 4.1477%

UBS Financial Svcs, TIC 4.2915%

Robert W. Baird, TIC 4.362%

Moorhead (City)

Oct 26, 2009 . . . . . . $8,155,000

General Obligation Flood Mitigation Bonds, Series 2009B (bank qualified) (book entry).

Dated Nov 15, 2009.

Due Feb 1, 2011 to 2029.

Callable Feb 1, 2019 at par.

Winning bid: Bernardi Securities, at 99.3000, TIC 3.9293%.

Due Amount Cpn Yield Conc Ins
2/1/11 $615,000 2.25% NRO NRO
2/1/12 $640,000 2.25% NRO NRO
2/1/13 $630,000 2.50% NRO NRO
2/1/14 $625,000 2.50% NRO NRO
2/1/15 $620,000 3.00% NRO NRO
2/1/16 $285,000 3.00% NRO NRO
2/1/17 $295,000 3.10% NRO NRO
2/1/18 $305,000 3.30% NRO NRO
2/1/19 $315,000 3.55% NRO NRO
2/1/20 $325,000 3.70% NRO NRO
2/1/21 $335,000 3.80% NRO NRO
2/1/22 $345,000 3.90% NRO NRO
2/1/23 $360,000 4.00% NRO NRO
2/1/24 $370,000 4.10% NRO NRO
2/1/25 $385,000 4.20% NRO NRO
2/1/27 $815,000 4.35% NRO NRO
2/1/29 $890,000 4.50% NRO NRO

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

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

Other bidders were:

Wells Fargo Brkge, TIC 3.9351%

Piper Jaffray, TIC 3.9959%

Robert W. Baird, TIC 4.1336%

Moorhead Economic Development Authority

Oct 26, 2009 . . . . . . $2,910,000

General Obligation Tax Increment Refunding Bonds Series 2009A (bank qualified) (book entry).

Dated Nov 15, 2009.

Due Feb 1, 2012 to 2028.

Callable Feb 1, 2019 at par.

Winning bid: Cronin, at 99.7422, TIC 4.0602%.

Due Amount Cpn Yield Conc Ins
2/1/12 $125,000 2.00% 1.75%
2/1/13 $130,000 2.50% 2.00%
2/1/14 $135,000 3.00% 2.40%
2/1/15 $145,000 3.00% 2.80%
2/1/16 $150,000 3.25% 3.00%
2/1/17 $150,000 3.50% 3.25%
2/1/18 $165,000 4.00% 3.40%
2/1/19 $165,000 4.00% 3.60%
2/1/20 $170,000 4.00% 3.75%
2/1/21 $175,000 4.00% 3.90%
2/1/22 $180,000 4.00% 4.00%
2/1/23 $185,000 4.10% 4.10%
2/1/24 $190,000 4.15% 4.15%
2/1/25 $200,000 4.20% 4.20%
2/1/26 $205,000 4.25% 4.25%
2/1/28 $440,000 4.50% 4.50%

Other managers: Wells Fargo Advisors, Wells Fargo Brokerage Securites, LLC.

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

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

Other bidders were:

Robert W. Baird, TIC 4.2645%

St. Cloud (City)

Oct 26, 2009 . . . . . . $5,230,000

General Obligation Infrastructure Management Fund Refunding Bonds, Series 2009C (bank qualified) (book entry).

Dated Nov 15, 2009.

Due Feb 1, 2011 to 2014.

Non-callable.

Winning bid: M & I Bank, at 102.5309, TIC 1.5364%.

Due Amount Cpn Yield Conc Ins
2/1/11 $1,775,000 2.50% NRO NRO
2/1/12 $1,690,000 2.50% NRO NRO
2/1/13 $965,000 2.50% NRO NRO
2/1/14 $800,000 3.00% NRO NRO

L.O.: Dorsey & Whitney, Minneapolis, MN.

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

Other bidders were:

Robert W. Baird, TIC 1.5579%

Hutchinson Shockey, TIC 1.5706%

Stifel Nicolaus, TIC 1.572%

BMO Capital Markets, TIC 1.7173%

Piper Jaffray, TIC 1.7555%

Wells Fargo Brkge, TIC 1.7954%

UBS Financial Svcs, TIC 1.8424%

St. Cloud (City)

Oct 26, 2009 . . . . . . $6,450,000

General Obligation Sewer Revenue Bonds, Series 2009B (bank qualified) (book entry).

Dated Nov 15, 2009.

Due Aug 1, 2010 to 2019.

Callable Aug 1, 2017 at par.

Winning bid: Robert W. Baird, at 102.2260, TIC 2.7373%.

Due Amount Cpn Yield Conc Ins
8/1/10 $635,000 2.00% NRO NRO
8/1/11 $590,000 2.00% NRO NRO
8/1/12 $615,000 2.00% NRO NRO
8/1/13 $605,000 2.00% NRO NRO
8/1/14 $620,000 3.00% NRO NRO
8/1/15 $645,000 3.00% NRO NRO
8/1/16 $660,000 3.00% NRO NRO
8/1/17 $680,000 3.00% NRO NRO
8/1/18 $685,000 4.00% NRO NRO
8/1/19 $715,000 4.00% NRO NRO

Other managers: CL King & Associates, Loop Capital Markets, LLC, Davenport & Company LLC, Kildare Capital, Inc., UMB Bank, N.A., Wedbush Morgan Securities.

L.O.: Dorsey & Whitney, Minneapolis, MN.

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

Other bidders were:

Hutchinson Shockey, TIC 2.7814%

Cronin, TIC 2.8223%

UBS Financial Svcs, TIC 2.8955%

M & I Bank, TIC 2.898%

Piper Jaffray, TIC 2.9139%

West Saint Paul (City)

Oct 26, 2009 . . . . . . $1,545,000

General Obligation Sewer Revenue Bonds, Series 2009C (bank qualified) (book entry).

Dated Nov 18, 2009.

Due Feb 1, 2011 to 2020.

Callable Feb 1, 2017 at par.

Winning bid: Robert W. Baird, at 100.4695, TIC 2.8824%.

Due Amount Cpn Yield Conc Ins
2/1/11 $130,000 2.00% NRO NRO
2/1/12 $145,000 2.00% NRO NRO
2/1/13 $145,000 2.00% NRO NRO
2/1/14 $150,000 2.25% NRO NRO
2/1/15 $150,000 3.00% NRO NRO
2/1/16 $155,000 3.00% NRO NRO
2/1/17 $160,000 3.00% NRO NRO
2/1/18 $165,000 3.00% NRO NRO
2/1/19 $170,000 3.25% NRO NRO
2/1/20 $175,000 3.50% NRO NRO

Other managers: CL King & Associates, Loop Capital Markets, LLC, Davenport & Company LLC, Kildare Capital, Inc., Wedbush Morgan Securities, UMB Bank, N.A..

L.O.: Briggs & Morgan, St. Paul, MN.

F.A.: Ehlers & Associates, Inc., Roseville, MN.

Other bidders were:

United Banker's Bk, TIC 2.9368%

M & I Bank, TIC 3.0712%

Wells Fargo Brkge, TIC 3.0854%

Northland Securities, TIC 3.1129%

UBS Financial Svcs, TIC 3.1187%

WISCONSIN

Green Bay Area Public School District

Oct 26, 2009 . . . . . . $18,000,000

Tax and Revenue Anticipation Promissory Notes (bank qualified) (book entry).

Dated Nov 4, 2009.

Due Jun 25, 2010.

Purchased $18,000,000.00 by Wachovia Bank, at 2.0%, plus $174,060.00, effective rate 0.493%.

L.O.: Quarles & Brady, Milwaukee, WI.

F.A.: Robert W. Baird & Co., Inc., Milwaukee, WI.

Other bidders were:

JPMorgan, Effective Rate 0.5039%

Jefferies, Effective Rate 0.507%

Piper Jaffray, Effective Rate 0.5478%

Oppenheimer, Effective Rate 0.5752%

J.P. Morgan Chase, Effective Rate 0.675%

Robert W. Baird, Effective Rate 0.8345%

Janney Montgomery, Effective Rate 0.8377%

Rice Lake Area School District

Oct 23, 2009 . . . . . . $2,995,000

Tax and Revenue Anticipation Promissory Notes (bank qualified) (book entry).

Dated Oct 29, 2009.

Due Nov 1, 2010.

Purchased $2,995,000.00 by Robert W. Baird, at 1.5%, effective rate 1.5%.

L.O.: Davis & Kuelthau, S.C., Milwaukee, WI.

TAXABLE ISSUES

IOWA

Sioux City Community School District

Oct 26, 2009 . . . . . . $7,500,000

Taxable Infrastructure Sales, Services and Use Tax Revenue Bonds, Series 2009 (Qualified School Construction Bonds) (book entry).

Dated Nov 23, 2009.

Due Oct 1, 2025.

Non-callable.

Winning bid: Hutchinson Shockey, at n/a, TIC 2.7808%.

Due Amount Cpn Yield Conc Ins
10/1/25 $7,500,000 2.68% NRO NRO

L.O.: Ahlers & Cooney, P.C., Des Moines, IA.

F.A.: Piper Jaffray & Company, Des Moines, IA.

Other bidders were:

Northland Securities, TIC 4.0293%

MINNESOTA

West Saint Paul (City)

Oct 26, 2009 . . . . . . $6,500,000

Taxable General Obligation Capital Improvement Plan Bonds, Series 2009B (Build America Bonds- Direct Payment) (book entry).

Dated Nov 18, 2009.

Due Feb 1, 2011 to 2035.

Callable Feb 1, 2020 at par.

Winning bid: Robert W. Baird, at n/a, TIC 5.7253%.

Due Amount Cpn Yield Conc Ins
2/1/11 $130,000 1.50% NRO NRO
2/1/12 $150,000 2.375% NRO NRO
2/1/13 $155,000 2.75% NRO NRO
2/1/14 $160,000 3.30% NRO NRO
2/1/15 $160,000 3.50% NRO NRO
2/1/16 $165,000 4.125% NRO NRO
2/1/17 $170,000 4.375% NRO NRO
2/1/18 $175,000 4.50% NRO NRO
2/1/19 $180,000 4.75% NRO NRO
2/1/20 $185,000 5.00% NRO NRO
2/1/21 $195,000 5.00% NRO NRO
2/1/22 $205,000 5.00% NRO NRO
2/1/23 $220,000 5.125% NRO NRO
2/1/24 $245,000 5.375% NRO NRO
2/1/25 $265,000 5.50% NRO NRO
2/1/29 $1,265,000 6.00% NRO NRO
2/1/35 $2,475,000 6.00% NRO NRO

Other managers: CL King & Associates, Loop Capital Markets, LLC, Davenport & Company LLC, Kildare Capital, Inc., SAMCO Capital Markets, Wedbush Morgan Securities, Crews & Associates, Inc., Charles Schwab & Co..

L.O.: Briggs & Morgan, St. Paul, MN.

F.A.: Ehlers & Associates, Inc., Roseville, MN.

Other bidders were:

Morgan Keegan, TIC 5.7532%

Cronin, TIC 5.7586%

Northland Securities, TIC 5.774%

Sterne Agee, TIC 5.8574%

WISCONSIN

Egg Harbor Village

Oct 26, 2009 . . . . . . $3,600,000

Taxable General Obligation Harbor Improvement Bonds, Series 2009 (Build America Bonds-Direct Payment) (book entry).

Dated Nov 17, 2009.

Due Oct 1, 2020 to 2029.

Callable Oct 1, 2019 at par.

Winning bid: Morgan Keegan, at n/a, TIC 5.7692%.

Due Amount Cpn Yield Conc Ins
10/1/20 $260,000 5.00% 5.00%
10/1/21 $280,000 5.15% 5.15%
10/1/22 $300,000 5.25% 5.25%
10/1/23 $320,000 5.40% 5.40%
10/1/26 $1,095,000 5.55% 5.60%
10/1/29 $1,345,000 6.00% 6.00%

L.O.: Quarles & Brady, Milwaukee, WI.

F.A.: Ehlers & Associates, Inc., Roseville, MN.

Other bidders were:

Robert W. Baird, TIC 5.8097%

M & I Bank, TIC 5.8197%

BMO Capital Markets, TIC 5.8792%

Northland Securities, TIC 5.9631%

Wells Fargo Advisors, TIC 5.9656%

Middleton-Cross Plains Area School District

Oct 26, 2009 . . . . . . $500,000

General Obligation Qualified School Construction Bonds.

Dated Nov 30, 2009.

Due Sep 15, 2011 to 2023.

Non-callable.

Winning bid: M & I Bank, at 0.9925, n/a.

Due Amount Cpn Yield Conc Ins
9/15/11 $35,000 n/a NRO NRO
9/15/12 $35,000 n/a NRO NRO
9/15/13 $35,000 n/a NRO NRO
9/15/14 $35,000 n/a NRO NRO
9/15/15 $40,000 n/a NRO NRO
9/15/16 $40,000 n/a NRO NRO
9/15/17 $40,000 n/a NRO NRO
9/15/18 $40,000 n/a NRO NRO
9/15/19 $40,000 n/a NRO NRO
9/15/20 $40,000 n/a NRO NRO
9/15/21 $40,000 n/a NRO NRO
9/15/22 $40,000 n/a NRO NRO
9/15/23 $40,000 n/a NRO NRO

L.O.: Quarles & Brady, Milwaukee, WI.

F.A.: Robert W. Baird & Co., Inc., Milwaukee, WI.

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