MICHIGAN

Memphis Community Schools

Mar 6, 2025 $7,145,000

2025 School Building and Site Bonds, Series I (General Obligation - Unlimited Tax) (Michigan School Bond Qualification and Loan Program) (bank qualified).

Dated Apr 3, 2025.

Due May 1, 2028 to 2041.

Callable May 1, 2035 at par.

Winning bid: Stifel Nicolaus, at 103.6948, TIC 3.584%.

Other managers: BOK Financial Securities.

L.O.: Thrun Law Firm, P.C., East Lansing, MI.

F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.

Other bidders were:

Baird, TIC 3.6155%

Fifth Third Secs, TIC 3.6498%

StoneX Fin Inc., TIC 3.6562%

Brownstone Inv Grp, TIC 3.6927%

TD Securities, TIC 3.709%

ChoiceOne Bank, TIC 4.4282%