IOWA
Waterloo (City)
Jan 6, 2025 $3,560,000
General Obligation Urban Renewal Bonds, Series 2025A (book entry).
Dated Feb 5, 2025.
Due Jun 1, 2027 to 2044.
Callable Jun 1, 2032 at par.
Winning bid: Fidelity Capital, at n/a, TIC 3.8499%.
Other managers: Morgan Stanley & Co., Inc., Raymond James & Associates, Inc., FHN Financial Capital Markets, Ramirez & Co., Inc., American Veterans Group, SumRidge Partners, LLC, SAMCO Capital Markets.
L.O.: Ahlers & Cooney, P.C., Des Moines, IA.
F.A.: Speer Financial, Inc., Waterloo, IA; and Speer Financial, Inc., Chicago, IL.
Other bidders were:
TD Securities, TIC 3.853%
Baird, TIC 3.9157%
BOK Fin Secs, TIC 3.9255%
Bernardi Securities, TIC 4.0087%
MINNESOTA
Byron Independent School District No. 531
Jan 6, 2025 $3,000,000
General Obligation Aid Anticipation Certificates of Indebtedness, Series 2025A (Minnesota School District Credit Enhancement Program) (book entry).
Dated Jan 22, 2025.
Due Sep 30, 2025.
Purchased $3,000,000.00 by Oppenheimer, at 4.25%, plus $11,670.00, effective rate 3.6853%.
L.O.: Dorsey & Whitney, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
Piper Sandler, Effective Rate 3.6995%
Cloquet Independent School District No. 94
Jan 6, 2025 $34,915,000
General Obligation School Building Refunding Bonds, Series 2025A (Minnesota School District Credit Enhancement Program) (book entry).
Dated Jan 30, 2025.
Due Feb 1, 2026 to 2036.
Callable Feb 1, 2033 at par.
Winning bid: BOK Fin Secs, at 109.9947, TIC 3.2346%.
L.O.: Kennedy & Graven, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
TD Securities, TIC 3.293%
BofA Securities, TIC 3.2982%
Hilltop Securities, TIC 3.314%
JPMorgan, TIC 3.3267%
Jefferies, TIC 3.3293%
Morgan Stanley, TIC 3.3326%
KeyBanc Cap Mkts, TIC 3.3352%
Piper Sandler, TIC 3.339%
Wells Fargo Corp, TIC 3.353%
Baird, TIC 3.3719%
Mesirow Financial, TIC 3.3946%
Eastern Carver County Independent School District No. 112
Jan 6, 2025 $47,005,000
General Obligation Facilities Maintenance Bonds, Series 2025A (Minnesota School District Credit Enhancement Program) (book entry).
Dated Jan 30, 2025.
Due Feb 1, 2027 to 2039.
Callable Feb 1, 2033 at par.
Winning bid: BofA Securities, at 107.7585, TIC 3.4841%.
L.O.: Dorsey & Whitney, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
Piper Sandler, TIC 3.5361%
Jefferies, TIC 3.5481%
BOK Fin Secs, TIC 3.5559%
JPMorgan, TIC 3.5879%
Raymond James, TIC 3.5988%
Hilltop Securities, TIC 3.6091%
Wells Fargo Corp, TIC 3.61%
TD Securities, TIC 3.6111%
Mesirow Financial, TIC 3.6122%
UBS Financial Svcs, TIC 3.6313%
RBC Capital Mkts, TIC 3.6329%
Baird, TIC 3.6658%
KeyBanc Cap Mkts, TIC 3.6941%
Fifth Third Secs, TIC 3.698%
Lake Crystal Wellcome Memorial Area Schools ISD No. 2071
Jan 6, 2025 $6,500,000
General Obligation School Building Bonds, Series 2025A (Minnesota School District Credit Enhancement Program) (bank qualified) (book entry).
Dated Jan 30, 2025.
Due Feb 1, 2026 to 2038.
Callable Feb 1, 2033 at par.
Winning bid: Baird, at 104.2259, TIC 3.6084%.
Other managers: CL King & Associates, Colliers Securities LLC, Edward Jones, Fidelity Capital Markets, Crews & Associates, Inc., SouthState | DuncanWilliams Securities Corp., Bernardi Securities, Inc., Country Club Bank, Oppenheimer & Co., Inc., The Baker Group, A.G.P./Alliance Global Partners, Cadz Securities Inc,, Celadon Financial Group, LLC, Isaak Bond Investments, Inc., Carty & Company, Inc., FMSbonds, Inc., Bank of New York Mellon Capital Markets, LLC, Midland Securities Ltd, Multi-Bank Securities Inc., First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, Blaylock Van, LLC, StoneX Financial Inc., Commerce Bank, Caldwell Sutter Capital, Inc., D.A. Davidson & Co..
L.O.: Kennedy & Graven, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
Northland Securities, TIC 3.6828%
Piper Sandler, TIC 3.7089%
Hilltop Securities, TIC 3.7952%
NEW YORK
Binghamton City School District
Jan 6, 2025 $4,000,000
General Obligations Revenue Anticipation Notes, 2025.
Dated Jan 16, 2025.
Due Jan 16, 2026.
Purchased $4,000,000.00 by Jefferies, at 4.0%, plus $23,044.00, effective rate 3.4239%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
BNY Mellon Cap Mkts, Effective Rate 3.5295%
Oppenheimer, Effective Rate 3.6206%
NBT Bank, Effective Rate 3.69%
WISCONSIN
Northwood Technical College District
Jan 6, 2025 $3,810,000
General Obligation Promissory Notes, Series 2025A (bank qualified) (book entry).
Dated Jan 27, 2025.
Due Oct 1, 2026 to 2031.
Non-callable.
Winning bid: Piper Sandler, at 104.9384, TIC 3.0874%.
Other managers: Cantor Fitzgerald & Company.
L.O.: Michael, Best & Friedrich, Milwaukee, WI.
F.A.: PMA Securities, Inc., Milwaukee, WI.
Other bidders were:
TD Securities, TIC 3.1054%
Baird, TIC 3.1979%
Huntington Secs, TIC 3.2111%
BOK Fin Secs, TIC 3.2436%
StoneX Fin Inc., TIC 3.2812%
TAXABLE ISSUES
IOWA
Waterloo (City)
Jan 6, 2025 $28,590,000
Taxable General Obligation Urban Renewal Bonds, Series 2025B (book entry).
Dated Feb 5, 2025.
Due Jun 1, 2027 to 2044.
Callable Jun 1, 2032 at par.
Winning bid: Baird, at n/a, TIC 5.0249%.
Other managers: Davenport & Company LLC, FHN Financial Capital Markets, Crews & Associates, Inc., Edward Jones, Northland Securities, Inc., Commerce Bank, Middlegate Securities, UMB Bank, N.A., Cadz Securities Inc,, First Bankers' Banc Securities Inc., SouthState | DuncanWilliams Securities Corp., Country Club Bank, D.A. Davidson & Co., Celadon Financial Group, LLC, Multi-Bank Securities Inc., United Banker's Bank, Valdes & Moreno, Inc., Central States Capital Markets, LLC, Blaylock Van, LLC, Carty & Company, Inc., Caldwell Sutter Capital, Inc..
L.O.: Ahlers & Cooney, P.C., Des Moines, IA.
F.A.: Speer Financial, Inc., Waterloo, IA; and Speer Financial, Inc., Chicago, IL.
Other bidders were:
Raymond James, TIC 5.0896%
JPMorgan, TIC 5.0992%
Piper Sandler, TIC 5.1185%
Wells Fargo Corp, TIC 5.1485%
Janney Montgomery, TIC 5.1784%
Morgan Stanley, TIC 5.187%
SAMCO Cap Mkts, TIC 5.1896%
BOK Fin Secs, TIC 5.2065%
UBS Financial Svcs, TIC 5.2178%
KeyBanc Cap Mkts, TIC 5.4045%
OKLAHOMA
Love County Independent School District No. 16 (Marietta)
Jan 6, 2025 $845,000
Building Bonds of 2025 (Federally Taxable) (book entry).
Dated Feb 1, 2025.
Due Feb 1, 2027 to 2028.
Non-callable.
Winning bid: BOK Fin Secs, at n/a, NIC 4.897%.
In association with: American Nation Bank.
L.O.: State Attorney General.
F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.
Other bidders were:
Country Club Bank, NIC 4.9705%
UMB Bank, NIC 4.9992%
Exchange Bank, NIC 5.0455%
Washington County Independent School District No. 18 (Caney Valley)
Jan 6, 2025 $1,780,000
Building Bonds of 2025 (Federally Taxable) (book entry).
Dated Feb 1, 2025.
Due Feb 1, 2027 to 2029.
Non-callable.
Winning bid: American Bk Oklahoma, at n/a, NIC 4.5%.
L.O.: State Attorney General.
F.A.: Stephen H. McDonald & Associates, Inc., Norman, OK.
Other bidders were:
Country Club Bank, NIC 4.8956%
UMB Bank, NIC 4.9079%
BOK Fin Secs, NIC 4.9152%