ARKANSAS
Southside School District No. 3 of Independence County
Mar 4, 2025 $3,105,000
Construction Bonds (Arkansas School District Intercept Program) (bank qualified) (book entry).
Dated Apr 2, 2025.
Due Feb 1, 2026 to 2052.
Callable Aug 1, 2030 at par.
Winning bid: FHN Fin Cap Mkts, at 98.8995, TIC 4.0418%.
L.O.: Friday Eldredge & Clark, Little Rock, AR.
F.A.: Stephens Inc., Little Rock, AR.
Other bidders were:
Raymond James, TIC 4.0555%
Stifel Nicolaus, TIC 4.0767%
CINCap Invest Grp, TIC 4.0851%
Carty, Harding, TIC 4.1123%
Baird, TIC 4.1441%
Crews & Associates, TIC 4.1846%
Bernardi Securities, TIC 4.2283%
CALIFORNIA
California Department of Water Resources
Mar 4, 2025 $329,200,000
Central Valley Project Water System Revenue Bonds, Series BG (book entry).
Dated Mar 13, 2025.
Due Dec 1, 2026 to 2033.
Non-callable.
Winning bid: BofA Securities, at 113.2999, TIC 2.3587%.
L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.
F.A.: Montague DeRose & Associates, Westlake Village, CA.
Other bidders were:
JPMorgan, TIC 2.3606%
Wells Fargo Corp, TIC 2.379%
RBC Capital Mkts, TIC 2.3862%
Jefferies, TIC 2.388%
Morgan Stanley, TIC 2.3911%
Raymond James, TIC 2.3929%
Barclays Capital, TIC 2.4031%
Truist Secs, Inc., TIC 2.4072%
TD Securities, TIC 2.4889%
Goldman Sachs, TIC 2.5316%
Mesirow Financial, TIC 2.5328%
KENTUCKY
Trimble County School District Finance Corporation
Mar 5, 2025 $3,695,000
School Building Revenue Bonds, Series of 2025 (Kentucky School District Credit Enhancement Program) (bank qualified) (book entry).
Dated Mar 26, 2025.
Due Apr 1, 2026 to 2046.
Callable Apr 1, 2033 at par.
Winning bid: Baird, at 98.7923, NIC 4.0761%.
Other managers: SouthState | DuncanWilliams Securities Corp., CL King & Associates, Crews & Associates, Inc., Edward Jones, PNC Capital Markets, First Kentucky Securities Corp., Northland Securities, Inc., Celadon Financial Group, LLC, Cadz Securities Inc,, A.G.P./Alliance Global Partners, Isaak Bond Investments, Inc., Carty, Harding, & Hearn, Inc., FMSbonds, Inc., Midland Securities Ltd, Multi-Bank Securities Inc., First Southern LLC, Blaylock Van, LLC, Dinosaur Securities, Mountainside Securities LLC, Valdes & Moreno, Inc., First Bankers' Banc Securities Inc., Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Steptoe & Johnson PLLC, Louisville, KY.
F.A.: RSA Advisors, LLC, Lexington, KY.
Other bidders were:
Stifel Nicolaus, NIC 4.0782%
CINCap Invest Grp, NIC 4.0929%
Bernardi Securities, NIC 4.1013%
Raymond James, NIC 4.1351%
StoneX Fin Inc., NIC 4.1454%
TD Securities, NIC 4.1718%
MARYLAND
Howard County
Mar 5, 2025 $21,705,000
General Obligation Metropolitan District Project Bonds, 2025 Series B (Tax-Exempt) (book entry).
Dated Mar 19, 2025.
Due Aug 15, 2025 to 2054.
Callable Aug 15, 2034 at par.
Winning bid: Raymond James, at 103.2485, TIC 3.9506%.
Other managers: Morgan Stanley & Co., Inc., Fidelity Capital Markets, Ramirez & Co., Inc., FHN Financial Capital Markets, SumRidge Partners, LLC, SAMCO Capital Markets, Siebert Williams Shank & Co., L.L.C, Advisors Asset Management Inc, American Veterans Group, Intercoastal Capital Markets, Inc..
L.O.: McKennon Shelton & Henn LLP, Baltimore, MD.
F.A.: Davenport & Company LLC, Towson, MD.
Other bidders were:
Mesirow Financial, TIC 3.9637%
Baird, TIC 3.9701%
BofA Securities, TIC 3.9796%
Hilltop Securities, TIC 3.9897%
JPMorgan, TIC 4.0%
RBC Capital Mkts, TIC 4.0261%
TD Securities, TIC 4.0338%
Wells Fargo Corp, TIC 4.037%
UBS Financial Svcs, TIC 4.0798%
Howard County
Mar 5, 2025 $80,640,000
General Obligation Bonds Consolidated Public Improvement Project Bonds, 2025 Series A (book entry).
Dated Mar 19, 2025.
Due Aug 15, 2025 to 2044.
Callable Aug 15, 2034 at par.
Winning bid: Hilltop Securities, at 109.3512, TIC 3.543%.
L.O.: McKennon Shelton & Henn LLP, Baltimore, MD.
F.A.: Davenport & Company LLC, Towson, MD.
Other bidders were:
Raymond James, TIC 3.5515%
BofA Securities, TIC 3.561%
Wells Fargo Corp, TIC 3.582%
Baird, TIC 3.5846%
Mesirow Financial, TIC 3.5864%
JPMorgan, TIC 3.5923%
RBC Capital Mkts, TIC 3.5929%
UBS Financial Svcs, TIC 3.595%
Jefferies, TIC 3.6336%
TD Securities, TIC 3.65%
MASSACHUSETTS
Cambridge (City)
Mar 5, 2025 $153,290,000
General Obligation Municipal Purpose Loan of 2025 Bonds (book entry).
Dated Mar 19, 2025.
Due Feb 15, 2026 to 2045.
Callable Feb 15, 2035 at par.
Winning bid: JPMorgan, at 108.6775, TIC 2.9618%.
In association with: Academy Securities Inc..
In association with: Estrada Hinojosa & Company, Inc., Rice Financial Products Company, Stern Brothers & Co., InspereX LLC.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Government Finance Group, Alexandria, VA.
Other bidders were:
Morgan Stanley, TIC 2.9861%
UBS Financial Svcs, TIC 3.0265%
Mesirow Financial, TIC 3.0491%
Baird, TIC 3.0574%
Wells Fargo Corp, TIC 3.062%
Jefferies, TIC 3.0804%
BofA Securities, TIC 3.0948%
Worcester (City)
Mar 5, 2025 $62,720,000
General Obligation Municipal Purpose Loan of 2025 Bonds (book entry).
Dated Mar 17, 2025.
Due Feb 15, 2026 to 2050.
Callable Feb 15, 2033 at par.
Winning bid: Raymond James, at 105.5347, TIC 3.6846%.
Other managers: Fidelity Capital Markets, Morgan Stanley & Co., Inc., Ramirez & Co., Inc., SumRidge Partners, LLC, Advisors Asset Management Inc, American Veterans Group, Zeus Financial, LLC, Siebert Williams Shank & Co., L.L.C.
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:
Mesirow Financial, TIC 3.7005%
Jefferies, TIC 3.7257%
Baird, TIC 3.7507%
JPMorgan, TIC 3.7698%
MICHIGAN
Norway-Vulcan Area Schools
Mar 4, 2025 $9,770,000
2025 School Building and Site Bonds (General Obligation - Unlimited Tax) (Michigan School Bond Qualification and Loan Program).
Dated Apr 2, 2025.
Due May 1, 2026 to 2044.
Callable May 1, 2035 at par.
Winning bid: Brownstone Inv Grp, at 102.2002, TIC 3.789%.
L.O.: Thrun Law Firm, P.C., East Lansing, MI.
F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.
Other bidders were:
StoneX Fin Inc., TIC 3.8068%
Baird, TIC 3.8278%
TD Securities, TIC 3.8384%
FHN Fin Cap Mkts, TIC 3.8658%
Bernardi Securities, TIC 3.8874%
BOK Fin Secs, TIC 3.9367%
Potter Drain Drainage District
Mar 4, 2025 $2,110,000
Drain Bonds, Series 2025 (General Obligation Limited Tax) (bank qualified) (book entry).
Dated Mar 18, 2025.
Due Jun 1, 2026 to 2045.
Callable Jun 1, 2034 at par.
Winning bid: Bernardi Securities, at 101.6592, TIC 3.8%.
L.O.: Dickinson Wright PLLC, Grand Rapids, MI.
F.A.: Bendzinski & Company, Grosse Pointe, MI.
Other bidders were:
Raymond James, TIC 3.8583%
Stifel Nicolaus, TIC 4.0869%
MINNESOTA
Cottage Grove (City)
Mar 5, 2025 $10,000,000
General Obligation Bonds Series 2025A (bank qualified) (book entry).
Dated Mar 25, 2025.
Due Feb 1, 2027 to 2041.
Callable Feb 1, 2035 at par.
Winning bid: Baker Group, at 110.5569, TIC 3.0978%.
L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
Piper Sandler, TIC 3.1266%
TD Securities, TIC 3.1357%
UBS Financial Svcs, TIC 3.141%
Hilltop Securities, TIC 3.1415%
Baird, TIC 3.1462%
Northland Securities, TIC 3.1591%
StoneX Fin Inc., TIC 3.1631%
Raymond James, TIC 3.2574%
BOK Fin Secs, TIC 3.2673%
MISSOURI
Lincoln County Ambulance District
Mar 5, 2025 $1,695,000
General Obligation Bonds, Series 2025 (bank qualified) (book entry).
Dated Mar 17, 2025.
Due Mar 1, 2026 to 2030.
Non-callable.
Winning bid: Piper Sandler, at 105.8257, TIC 2.8666%.
Other managers: Cantor Fitzgerald & Company.
L.O.: Gilmore & Bell, St. Louis, MO.
F.A.: WM Financial Strategies, St. Louis, MO.
Other bidders were:
Baird, TIC 2.8809%
TD Securities, TIC 2.9101%
Raymond James, TIC 3.0269%
Northland Securities, TIC 3.0548%
Huntington Secs, TIC 3.0569%
Bernardi Securities, TIC 3.1276%
Stifel Nicolaus, TIC 3.1842%
NEW HAMPSHIRE
Merrimack County
Mar 5, 2025 $25,000,000
2025 Tax Anticipation Notes (book entry).
Dated Mar 19, 2025.
Due Dec 26, 2025.
Purchased $25,000,000.00 by TD Securities, at 4.0%, plus $222,500.00, effective rate 2.8433%.
L.O.: Devine, Millimet & Branch, P.A., Manchester, NH.
F.A.: Northeast Municipal Advisors LLC, Portland, ME.
Other bidders were:
Jefferies, Effective Rate 2.8459%
Piper Sandler, Effective Rate 2.8468%
Oppenheimer, Effective Rate 2.8836%
BNY Mellon Cap Mkts, Effective Rate 2.951%
Fidelity Capital, Effective Rate 3.1513%
NEW JERSEY
Berkeley Township
Mar 5, 2025 $10,682,000
Bond Anticipation Notes, Series 2025A (book entry).
Dated Mar 19, 2025.
Due Mar 18, 2026.
Purchased $10,682,000.00 by BNY Mellon Cap Mkts, at 3.75%, plus $95,123.21, effective rate 2.857%.
L.O.: Dilworth Paxson, Freehold, NJ.
F.A.: Phoenix Advisors, Hamilton, NJ.
Other bidders were:
TD Securities, Effective Rate 3.0062%
Oppenheimer, Effective Rate 3.0203%
Jefferies, Effective Rate 3.0403%
Orange Township (City)
Mar 5, 2025 $22,688,185
$22,688,185 Bond Anticipation Notes, Series 2025A Consisting of: $15,852,745 General Improvement Bond Anticipation Notes $6,835,440 Redevelopment Area Bond Anticipation Notes.
Dated Mar 19, 2025.
Due Mar 18, 2026.
Purchased $22,688,185.00 by Jefferies, at 4.0%, plus $206,689.36, effective rate 3.0865%.
L.O.: Wilentz, Goldman & Spitzer, Woodbridge, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
Other bidders were:
Oppenheimer, Effective Rate 3.2449%
TD Securities, Effective Rate 3.3899%
BNY Mellon Cap Mkts, Effective Rate 3.4067%
Woodbridge Township
Mar 5, 2025 $25,029,000
$25,029,000 Bond Anticipation Notes Consisting of $15,891,056 General Bond Anticipation Notes $5,637,944 Sewer Utility Bond Anticipation Notes & $3,500,000 Housing Bond Anticipation Notes (book entry).
Dated Mar 14, 2025.
Due Mar 13, 2026.
Purchased $25,029,000.00 by BofA Securities, at 4.0%, plus $296,093.07, effective rate 2.8137%.
L.O.: Rogut McCarthy LLC, Cranford, NJ.
F.A.: Phoenix Advisors, Hamilton, NJ.
Other bidders were:
TD Securities, Effective Rate 2.8237%
Jefferies, Effective Rate 2.8318%
BNY Mellon Cap Mkts, Effective Rate 2.8636%
Oppenheimer, Effective Rate 2.8979%
RBC Capital Mkts, Effective Rate 3.0048%
NEW YORK
Barker Central School District
Mar 5, 2025 $3,000,000
Bond Anticipation Notes, 2025 (bank qualified).
Dated Mar 27, 2025.
Due Jul 15, 2025.
Purchased $3,000,000.00 by Oppenheimer, at 4.25%, plus $4,015.00, effective rate 3.8038%.
L.O.: Bond, Schoeneck & King, PLLC, Syracuse, NY.
F.A.: Municipal Solutions, Inc., LeRoy, NY.
Other bidders were:
Piper Sandler, Effective Rate 4.1033%
Lansing Central School District
Mar 5, 2025 $6,000,000
General Obligation Bond Anticipation Notes, 2025 (bank qualified).
Dated Mar 20, 2025.
Due Jul 18, 2025.
Purchased $6,000,000.00 by Jefferies, at 4.0%, plus $11,946.00, effective rate 3.3926%.
L.O.: WJ Marquardt PLLC, Skaneateles, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Piper Sandler, Effective Rate 3.5853%
Oppenheimer, Effective Rate 3.6605%
Oswego (Town)
Mar 5, 2025 $400,000
Bond Anticipation Notes, 2025 (bank qualified).
Dated Mar 26, 2025.
Due Mar 25, 2026.
Purchased $400,000.00 by Roosevelt & Cross, at 4.5%, plus $1,692.00, effective rate 4.0758%.
L.O.: Barclay Damon LLP, Albany, NY.
F.A.: Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
Piper Sandler, Effective Rate 4.1928%
Oppenheimer, Effective Rate 4.3684%
Peru Central School District
Mar 5, 2025 $713,594
School District (Serial) Bonds, 2025 (bank qualified).
Dated Mar 26, 2025.
Due Jun 15, 2026 to 2029.
Non-callable.
Winning bid: Oppenheimer, at n/a, NIC 3.9523%.
L.O.: Harris Beach PLLC, Pittsford, NY.
F.A.: Bernard P. Donegan, Inc., Fairport, NY.
Other bidders were:
Roosevelt & Cross, NIC 3.9739%
OKLAHOMA
Ottawa County Independent School District No. 31 (Fairland)
Mar 4, 2025 $375,000
Building Bonds of 2025 (bank qualified) (book entry).
Dated May 1, 2025.
Due May 1, 2027.
Non-callable.
Winning bid: BOK Fin Secs, at n/a, NIC 3.466%.
In association with: Grand Savings Bank.
L.O.: Phillips Murrah, P.C., Oklahoma City, OK; and State Attorney General.
F.A.: Stephen L. Smith Corp., Jenks, OK.
Other bidders were:
Country Club Bank, NIC 3.55%
Exchange Bank, NIC 4.0%
TEXAS
Montgomery County Municipal Utility District No. 140
Mar 4, 2025 $7,360,000
Unlimited Tax Road Bonds, Series 2025 (book entry).
Dated Apr 1, 2025.
Due Mar 1, 2027 to 2051.
Callable Mar 1, 2031 at par.
Winning bid: SAMCO Cap Mkts, at 97.0011, NIC 4.3369%.
Other managers: FHN Financial Capital Markets, Intercoastal Capital Markets, Inc., M. E. Allison & Co., Inc., R. Seelaus & Co., Inc., Ramirez & Co., Inc., CINCaP Investment Group, Estrada Hinojosa & Company, Inc., Carty, Harding, & Hearn, Inc., Bancroft Capital, LLC, StoneX Financial Inc., Cadz Securities Inc,.
L.O.: The Muller Law Group, Sugar Land, TX; and State Attorney General.
F.A.: Masterson Advisors LLC, Houston, TX.
Other bidders were:
Hilltop Securities, NIC 4.3498%
Fidelity Capital, NIC 4.39%
Crews & Associates, NIC 4.3975%
UMB Bank, NIC 4.4159%
Baird, NIC 4.4482%
WISCONSIN
Hamilton School District
Mar 4, 2025 $12,500,000
General Obligation Promissory Notes (book entry).
Dated Apr 17, 2025.
Due Oct 1, 2025 to Apr 1, 2040.
Callable Apr 1, 2033 at par.
Winning bid: TD Securities, at 101.4786, TIC 3.8486%.
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: Baird, Milwaukee, WI.
Other bidders were:
FHN Fin Cap Mkts, TIC 3.8801%
Hilltop Securities, TIC 3.8816%
StoneX Fin Inc., TIC 3.9912%
BOK Fin Secs, TIC 4.003%
Northland Securities, TIC 4.0781%
Milwaukee (City)
Mar 4, 2025 $65,000,000
General Obligation Promissory Notes, Series 2025 N1 (book entry).
Dated Mar 26, 2025.
Due Dec 1, 2026 to 2040.
Callable Dec 1, 2034 at par.
Winning bid: JPMorgan, at 109.2894, TIC 3.5062%.
L.O.: Foley & Lardner, Milwaukee, WI; and MWH Law Group LLP, Milwaukee, WI.
F.A.: PFM Financial Advisors LLC, Milwaukee, WI.
Other bidders were:
Morgan Stanley, TIC 3.5271%
Wells Fargo Corp, TIC 3.5367%
Baird, TIC 3.5656%
Jefferies, TIC 3.5741%
Wisconsin
Mar 5, 2025 $251,750,000
General Obligation Bonds of 2025, Series A (book entry).
Dated Mar 27, 2025.
Due May 1, 2026 to 2036.
Callable May 1, 2034 at par.
Winning bid: Wells Fargo Corp, at 113.7312, TIC 3.176%.
L.O.: Foley & Lardner, Madison, WI.
F.A.: Municipal Official(s).
Other bidders were:
JPMorgan, TIC 3.1967%
BofA Securities, TIC 3.202%
Barclays Capital, TIC 3.2319%
Morgan Stanley, TIC 3.234%
Stifel Nicolaus, TIC 3.2373%
Jefferies, TIC 3.2385%
Hilltop Securities, TIC 3.2553%
TD Securities, TIC 3.2554%
Goldman Sachs, TIC 3.256%
RBC Capital Mkts, TIC 3.281%
Oppenheimer, TIC 3.2823%
BNY Mellon Cap Mkts, TIC 3.2882%
Baird, TIC 3.4649%
TAXABLE ISSUES
KANSAS
Salina Airport Authority
Mar 4, 2025 $2,105,000
Taxable General Obligation Temporary Notes, Series 2025-2 (book entry).
Dated Mar 26, 2025.
Due Sep 1, 2026.
Callable Mar 1, 2026 at par.
Winning bid: UMB Bank, at 99.8440, TIC 4.2153%.
L.O.: Gilmore & Bell, Wichita, KS.
F.A.: Stifel Nicolaus & Company, Inc, Kansas City, MO.
Other bidders were:
Sunflower Bk, TIC 4.45%
Oppenheimer, TIC 4.7141%
Baird, TIC 4.8899%
NEW JERSEY
Orange Township (City)
Mar 5, 2025 $1,720,000
Special Emergency Notes, Series 2025B (Federally Taxable).
Dated Mar 19, 2025.
Due Mar 18, 2026.
Purchased $1,720,000.00 by Muni Excess Jt Ins, at 4.75%, effective rate 4.75%.
L.O.: Wilentz, Goldman & Spitzer, Woodbridge, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
Other bidders were:
Piper Sandler, Effective Rate 5.0354%
Roosevelt & Cross, Effective Rate 5.3241%
Oppenheimer, Effective Rate 5.748%
OKLAHOMA
Kingfisher County Independent School District No. 16 (Hennessey)
Mar 5, 2025 $1,700,000
Taxable Building Bonds of 2025
(book entry).
Dated May 1, 2025.
Due May 1, 2027.
Non-callable.
Winning bid: BOK Fin Secs, at n/a, NIC 4.498%.
L.O.: Phillips Murrah, P.C., Oklahoma City, OK; and State Attorney General.
F.A.: Stephen L. Smith Corp., Jenks, OK.
Other bidders were:
Country Club Bank, NIC 4.4985%
UMB Bank, NIC 4.511%
Exchange Bank, NIC 4.75%