FLORIDA
Florida State Board of Education
Jan 30, 2025 $241,035,000
Public Education Capital Outlay Refunding Bonds, 2025 Series A (book entry).
Dated Mar 4, 2025.
Due Jun 1, 2026 to 2036.
Non-callable.
Winning bid: JPMorgan, at 112.2517, TIC 2.9566%.
L.O.: Squire Patton Boggs (US) LLP, Tampa, FL.
F.A.: Division of Bond Finance, Tallahassee, FL.
Other bidders were:
BofA Securities, TIC 2.9812%
Jefferies, TIC 2.9944%
Wells Fargo Corp, TIC 2.999%
Truist Secs, Inc., TIC 3.0113%
Morgan Stanley, TIC 3.0272%
RBC Capital Mkts, TIC 3.0304%
ILLINOIS
Decatur Park District
Jan 30, 2025 $5,671,700
General Obligation Park Bonds, Series 2025A
(bank qualified).
Dated Feb 19, 2025.
Due Dec 15, 2025.
Non-callable.
Winning bid: First Secure Comm Bk, at n/a, NIC 3.76%.
L.O.: Chapman and Cutler LLP, Chicago, IL.
F.A.: Speer Financial, Inc., Chicago, IL.
Other bidders were:
Commerce Bank, NIC 4.21%
Hickory St Bk & Tr, NIC 4.69%
MARYLAND
Frederick County
Jan 30, 2025 $202,655,000
General Obligation Public Facilities Project Bonds, Series 2025A (book entry).
Dated Feb 13, 2025.
Due Apr 1, 2026 to 2055.
Callable Apr 1, 2035 at par.
Winning bid: BofA Securities, at 105.3770, TIC 3.6364%.
L.O.: McGuireWoods LLP, Baltimore, MD.
F.A.: Davenport & Company LLC, Towson, MD.
Other bidders were:
Truist Secs, Inc., TIC 3.6576%
Wells Fargo Corp, TIC 3.706%
JPMorgan, TIC 3.7094%
Jefferies, TIC 3.7177%
UBS Financial Svcs, TIC 3.7248%
Morgan Stanley, TIC 3.7322%
Baird, TIC 3.7387%
Mesirow Financial, TIC 3.792%
MASSACHUSETTS
Greenfield (City)
Jan 30, 2025 $8,718,113
General Obligation Bond Anticipation Notes (bank qualified) (book entry).
Dated Feb 14, 2025.
Due Feb 13, 2026.
Purchased $8,718,113.00 by Jefferies, at 4.0%, plus $91,888.91, effective rate 2.9431%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: UniBank Fiscal Advisory Services, Inc., Whitinsville, MA.
Other bidders were:
Oppenheimer, Effective Rate 2.9451%
TD Securities, Effective Rate 2.9912%
BNY Mellon Cap Mkts, Effective Rate 3.0766%
Fidelity Capital, Effective Rate 3.2299%
Manchester Essex Regional School District
Jan 30, 2025 $1,100,000
General Obligation Bond Anticipation Notes (bank qualified) (book entry).
Dated Feb 26, 2025.
Due Feb 26, 2026.
Purchased $1,100,000.00 by Oppenheimer, at 4.0%, plus $6,270.00, effective rate 3.43%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Piper Sandler, Effective Rate 3.485%
MICHIGAN
Pewamo-Westphalia Community Schools
Jan 30, 2025 $3,630,000
2025 School Building and Site Bonds, Series III (General Obligation - Unlimited Tax) (Michigan School Bond Qualification and Loan Program) (bank qualified).
Dated Feb 27, 2025.
Due May 1, 2026 to 2054.
Callable May 1, 2035 at par.
Winning bid: TD Securities, at 101.6209, TIC 4.0848%.
L.O.: Thrun Law Firm, P.C., East Lansing, MI.
F.A.: Baker Tilly Municipal Advisors, LLC, East Lansing, MI.
Other bidders were:
Baird, TIC 4.0897%
Hilltop Securities, TIC 4.1594%
Stifel Nicolaus, TIC 4.2135%
Brownstone Inv Grp, TIC 4.2733%
MISSOURI
Chillicothe (City)
Jan 29, 2025 $8,060,000
Certificates of Participation (City of Chillicothe Missouri, Lessee), Series 2025 (bank qualified) (book entry).
Dated Feb 6, 2025.
Due Feb 1, 2026 to 2050.
Callable Feb 1, 2030 at par.
Winning bid: Stifel Nicolaus, at 98.8412, TIC 4.2105%.
Other managers: BOK Financial Securities.
L.O.: Gilmore & Bell, Kansas City, MO.
F.A.: McLiney and Company a division of SAMCO Capital Markets, Kansas City, MO.
Other bidders were:
Baird, TIC 4.2168%
Hilltop Securities, TIC 4.5751%
NEW JERSEY
Hillsborough Township
Jan 30, 2025 $6,200,000
Bond Anticipation Note, Series 2025 (book entry).
Dated Feb 13, 2025.
Due Feb 13, 2026.
Purchased $6,200,000.00 by Oppenheimer, at 4.0%, plus $67,580.00, effective rate 2.91%.
L.O.: McManimon Scotland & Baumann, Roseland, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
Other bidders were:
Jefferies, Effective Rate 2.933%
BNY Mellon Cap Mkts, Effective Rate 3.054%
Piper Sandler, Effective Rate 3.058%
TD Securities, Effective Rate 3.075%
Hillsborough Township
Jan 30, 2025 $6,730,000
General Improvement Bonds, Series 2025 (book entry).
Dated Feb 13, 2025.
Due Jan 15, 2026 to 2035.
Callable Jan 15, 2032 at par.
Winning bid: StoneX Fin Inc., at 104.6952, TIC 2.9266%.
L.O.: McManimon Scotland & Baumann, Roseland, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
Other bidders were:
Fidelity Capital, TIC 2.9356%
UBS Financial Svcs, TIC 2.9444%
Hilltop Securities, TIC 2.9498%
Roosevelt & Cross, TIC 2.965%
UMB Bank, TIC 2.9654%
Baird, TIC 2.9672%
FHN Fin Cap Mkts, TIC 2.9699%
Huntington Secs, TIC 2.982%
BNY Mellon Cap Mkts, TIC 2.9855%
Brownstone Inv Grp, TIC 3.0106%
TD Securities, TIC 3.0548%
NEW YORK
Bainbridge Village
Jan 30, 2025 $300,000
Bond Anticipation Notes, 2025 (bank qualified).
Dated Feb 13, 2025.
Due Feb 13, 2026.
Purchased $300,000.00 by Roosevelt & Cross, at 4.25%, effective rate 4.25%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Bank of Greene Co, Effective Rate 4.49%
Oppenheimer, Effective Rate 4.608%
Brewster Central School District
Jan 30, 2025 $34,000,000
Bond Anticipation Notes - 2025.
Dated Feb 13, 2025.
Due Feb 13, 2026.
Purchased $34,000,000.00 by TD Securities, at 4.0%, plus $418,540.00, effective rate 2.769%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Capital Markets Advisors, LLC, Great Neck, NY.
Other bidders were:
Jefferies, Effective Rate 2.782%
JPMorgan, Effective Rate 2.799%
Oppenheimer, Effective Rate 2.929%
BofA Securities, Effective Rate 2.952%
BNY Mellon Cap Mkts, Effective Rate 3.0421%
Cazenovia Central School District
Jan 30, 2025 $533,102
School District (Serial) Bonds, 2025 (bank qualified).
Dated Feb 13, 2025.
Due Dec 15, 2025 to 2029.
Non-callable.
Winning bid: Oppenheimer, at n/a, NIC 3.8606%.
L.O.: Trespasz & Marquardt, LLP, Syracuse, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Roosevelt & Cross, NIC 4.2066%
Bank of Greene Co, NIC 4.2921%
Johnson City Village
Jan 30, 2025 $250,000
Bond Anticipation Notes, 2025 Series A.
Dated Feb 13, 2025.
Due Feb 13, 2026.
Purchased $250,000.00 by Roosevelt & Cross, at 5.0%, plus $348.00, effective rate 4.8608%.
L.O.: Hawkins, Delafield & Wood, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Oppenheimer, Effective Rate 5.2296%
Johnson City Village
Jan 30, 2025 $1,606,130
General Obligation Bond Anticipation Notes, 2025 Series A (book entry).
Dated Feb 13, 2025.
Due Sep 26, 2025.
Purchased $1,606,130.00 by Oppenheimer, at 4.625%, plus $1,026.00, effective rate 4.5219%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Piper Sandler, Effective Rate 4.6192%
Roosevelt & Cross, Effective Rate 4.7401%
North Salem Central School District
Jan 30, 2025 $513,016
School District (Serial) Bonds, 2025 (bank qualified).
Dated Feb 20, 2025.
Due Jun 15, 2026 to 2029.
Non-callable.
Winning bid: Roosevelt & Cross, at n/a, NIC 4.1776%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Bernard P. Donegan, Inc., Fairport, NY.
Other bidders were:
Bank of Greene Co, NIC 4.2914%
Tompkins County
Jan 30, 2025 $9,869,470
General Obligations Bond Anticipation Notes, 2025 (bank qualified).
Dated Feb 13, 2025.
Due Feb 13, 2026.
Purchased $9,869,470.00 by TD Securities, at 4.0%, plus $99,484.26, effective rate 2.992%.
L.O.: WJ Marquardt PLLC, Skaneateles, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Jefferies, Effective Rate 3.028%
Oppenheimer, Effective Rate 3.0914%
BNY Mellon Cap Mkts, Effective Rate 3.196%
TEXAS
Chimney Hill Municipal Utility District
Jan 30, 2025 $8,000,000
Waterworks and Sewer System Combination Unlimited Tax and Revenue Bonds, Series 2025 (bank qualified) (book entry).
Dated Mar 1, 2025.
Due Oct 1, 2034 to 2053.
Callable Oct 1, 2030 at par.
Winning bid: Raymond James, at 97.0000, NIC 4.245%.
L.O.: Coats Rose, P.C, Houston, TX; and State Attorney General.
F.A.: Rathmann & Associates, L.P., Houston, TX.
Other bidders were:
Baker Group, NIC 4.2553%
Fidelity Capital, NIC 4.2627%
SAMCO Cap Mkts, NIC 4.2928%
Baird, NIC 4.2983%
Stifel Nicolaus, NIC 4.317%
Hilltop Securities, NIC 4.3987%
TAXABLE ISSUES
ILLINOIS
Decatur Park District
Jan 30, 2025 $200,130
Taxable General Obligation Park Bonds, Series 2025B.
Dated Feb 19, 2025.
Due Dec 15, 2025.
Non-callable.
Winning bid: Peoples Natl Bk, at n/a, NIC 5.23%.
L.O.: Chapman and Cutler LLP, Chicago, IL.
F.A.: Speer Financial, Inc., Chicago, IL.
Other bidders were:
Commerce Bank, NIC 5.5%
NEW JERSEY
Newark (City)
Jan 30, 2025 $5,100,000
General Capital Improvement Bond Anticipation Notes, Series 2025A (ECIA Property Acquisition) (Federally Taxable) (book entry).
Dated Feb 13, 2025.
Due Feb 12, 2026.
Purchased $5,100,000.00 by Piper Sandler, at 5.0%, plus $11,424.00, effective rate 4.7754%.
L.O.: Wilentz, Goldman & Spitzer, Woodbridge, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
Other bidders were:
Oppenheimer, Effective Rate 4.8807%
Roosevelt & Cross, Effective Rate 5.1267%
BNY Mellon Cap Mkts, Effective Rate 5.4424%