Market Data
Results of competitive sales: 10/28/2024

CALIFORNIA

Visalia Unified School District

Oct 24, 2024 $18,330,000

2024 General Obligation Refunding Bonds (book entry).

Dated Nov 7, 2024.

Due Aug 1, 2025 to 2030.

Non-callable.

Winning bid: Mesirow Financial, at 109.3562, TIC 2.5109%.

L.O.: Parker & Covert LLP, Sacramento, CA.

F.A.: Government Financial Services Joint Power Authority, Sacramento, CA.

Other bidders were:

Morgan Stanley, TIC 2.6%

JPMorgan, TIC 2.6194%

Stifel Nicolaus, TIC 2.6305%

Huntington Secs, TIC 2.6483%

Jefferies, TIC 2.6492%

Wells Fargo Corp, TIC 2.672%

UBS Financial Svcs, TIC 2.6848%

BofA Securities, TIC 2.6888%

Baird, TIC 2.709%


IOWA

Clive (City)

Oct 24, 2024 $3,380,000

General Obligation Urban Renewal Bonds, Series 2024B (book entry).

Dated Nov 14, 2024.

Due Jun 1, 2025 to 2044.

Callable Jun 1, 2032 at par.

Winning bid: TD Securities, at 104.9957, TIC 3.9495%.

L.O.: Dorsey & Whitney, Des Moines, IA.

F.A.: PFM Financial Advisors LLC, Des Moines, IA.

Other bidders were:

Baird, TIC 3.9663%

Hilltop Securities, TIC 3.9914%

Fidelity Capital, TIC 4.1362%

BOK Fin Secs, TIC 4.1911%


MINNESOTA

Rush City Independent School District No. 139

Oct 24, 2024 $4,980,000

General Obligation Facilities Maintenance Bonds, Series 2024A (Minnesota School District Credit Enhancement Program) (bank qualified) (book entry).

Dated Nov 14, 2024.

Due Feb 1, 2027 to 2040.

Callable Feb 1, 2032 at par.

Winning bid: Northland Securities, at 104.3771, TIC 3.5719%.

Other managers: D.A. Davidson & Co..

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

F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.

Other bidders were:

TD Securities, TIC 3.587%

Baird, TIC 3.5892%

Bernardi Securities, TIC 3.6773%

BOK Fin Secs, TIC 3.6828%


NEVADA

Nevada

Oct 24, 2024 $48,965,000

Highway Improvement Revenue (Indexed Tax and Subordinate Motor Vehicle Fuel Tax) Bonds, Series 2024D (book entry).

Dated Nov 7, 2024.

Due Dec 1, 2025 to 2043.

Callable Dec 1, 2034 at par.

Winning bid: Truist Secs, Inc., at 102.4938, TIC 3.717%.

L.O.: Sherman & Howard L.L.C., Reno, NV.

F.A.: JNA Consulting Group LLC, Boulder City, NV; and Zions Public Finance, Las Vegas, NV.

Other bidders were:

Morgan Stanley, TIC 3.7243%

Jefferies, TIC 3.7249%

JPMorgan, TIC 3.7398%

Baird, TIC 3.7403%

Wells Fargo Corp, TIC 3.77%

TD Securities, TIC 3.7778%

RBC Capital Mkts, TIC 3.8599%


Nevada

Oct 24, 2024 $82,850,000

Highway Improvement Revenue (Motor Vehicle Fuel Tax) Bonds, Series 2024C (book entry).

Dated Nov 7, 2024.

Due Dec 1, 2025 to 2043.

Callable Dec 1, 2034 at par.

Winning bid: Truist Secs, Inc., at 102.8675, TIC 3.6752%.

L.O.: Sherman & Howard L.L.C., Reno, NV.

F.A.: JNA Consulting Group LLC, Boulder City, NV; and Zions Public Finance, Las Vegas, NV.

Other bidders were:

Jefferies, TIC 3.6942%

BofA Securities, TIC 3.6986%

JPMorgan, TIC 3.7056%

Morgan Stanley, TIC 3.716%

Wells Fargo Corp, TIC 3.718%

RBC Capital Mkts, TIC 3.7197%

Baird, TIC 3.7401%

TD Securities, TIC 3.7952%


PENNSYLVANIA

Doylestown Township

Oct 23, 2024 $5,895,000

General Obligation Bonds, Series of 2024 (bank qualified) (book entry).

Dated Nov 27, 2024.

Due Oct 1, 2025 to 2048.

Callable Apr 1, 2030 at par.

Winning bid: FHN Fin Cap Mkts, at n/a, TIC 3.9269%.

L.O.: King, Spry, Herman, Freund & Faul, Bethlehem, PA.

F.A.: PFM Financial Advisors LLC, Harrisburg, PA.

Other bidders were:

Bancroft Capital, TIC 3.927%

Janney Montgomery, TIC 3.9409%

Baird, TIC 3.9976%


SOUTH CAROLINA

Charleston County

Oct 24, 2024 $4,015,000

General Obligation Fire Protection Service Bonds, (Awendaw McClellanville Consolidated Fire Protection District), Series 2024B (book entry).

Dated Nov 7, 2024.

Due Nov 1, 2025 to 2039.

Callable Nov 1, 2034 at par.

Winning bid: Brownstone Inv Grp, at 109.6855, TIC 3.4195%.

L.O.: Howell Linkous & Nettles, LLC, Charleston, SC.

F.A.: First Tryon Advisors, Charlotte, NC.

Other bidders were:

SWBC Investment Svcs, TIC 3.4475%

Wells Fargo Corp, TIC 3.527%

TD Securities, TIC 3.5996%

Baird, TIC 3.6251%

Bernardi Securities, TIC 3.628%