CALIFORNIA
Mid-Peninsula Water District
Mar 19, 2025 $33,100,000
Certificates of Participation (2025 Financing Project) (book entry).
Dated Apr 1, 2025.
Due Dec 1, 2025 to 2054.
Callable Dec 1, 2035 at par.
Winning bid: Morgan Stanley, at 100.6943, TIC 4.042%.
Other managers: Ramirez & Co., Inc., R. Seelaus & Co., Inc., American Veterans Group, Siebert Williams Shank & Co., L.L.C.
L.O.: Stradling, Yocca, Carlson & Rauth, Newport Beach, CA; and Stradling, Yocca, Carlson & Rauth, Newport Beach, CA.
F.A.: Wulff Hansen & Co., San Rafael, CA.
Other bidders were:
Hilltop Securities, TIC 4.0853%
Jefferies, TIC 4.0999%
UBS Financial Svcs, TIC 4.168%
Mesirow Financial, TIC 4.1703%
Fidelity Capital, TIC 4.2759%
Baird, TIC 4.3096%
ILLINOIS
Glencoe Village
Mar 20, 2025 $12,025,000
General Obligation Bonds, Series 2025 (book entry).
Dated Apr 3, 2025.
Due Dec 15, 2027 to 2049.
Callable Dec 15, 2034 at par.
Winning bid: Baker Group, at n/a, TIC 4.183%.
L.O.: Chapman and Cutler LLP, Chicago, IL.
F.A.: Speer Financial, Inc., Chicago, IL.
Other bidders were:
KeyBanc Cap Mkts, TIC 4.1923%
Fidelity Capital, TIC 4.2076%
Hilltop Securities, TIC 4.2449%
Bernardi Securities, TIC 4.2604%
Mesirow Financial, TIC 4.276%
Baird, TIC 4.3032%
KENTUCKY
Board of Education of Newport
Mar 19, 2025 $1,445,000
General Obligation Bonds, Series 2025 (Kentucky School District Enhancement Program) (bank qualified) (book entry).
Dated Apr 9, 2025.
Due Apr 1, 2026 to 2040.
Callable Apr 1, 2033 at par.
Winning bid: CINCap Invest Grp, at 99.6989, NIC 4.0078%.
L.O.: Steptoe & Johnson PLLC, Louisville, KY.
F.A.: RSA Advisors, LLC, Lexington, KY.
Other bidders were:
StoneX Fin Inc., NIC 4.0257%
Baird, NIC 4.0445%
Raymond James, NIC 4.0778%
TD Securities, NIC 4.1067%
Stifel Nicolaus, NIC 4.1993%
Bernardi Securities, NIC 4.2845%
Nicholas County Board of Education
Mar 20, 2025 $2,790,000
General Obligation Bonds, Series 2025 (bank qualified) (book entry).
Dated Apr 10, 2025.
Due Apr 1, 2026 to 2045.
Callable Apr 1, 2034 at par.
Winning bid: TD Securities, at 101.5007, TIC 3.898%.
L.O.: Steptoe & Johnson PLLC, Louisville, KY.
F.A.: Compass Municipal Advisors, Lexington, KY.
Other bidders were:
Baird, TIC 3.9347%
Brownstone Inv Grp, TIC 3.9571%
StoneX Fin Inc., TIC 3.9679%
Bernardi Securities, TIC 3.9824%
Stifel Nicolaus, TIC 4.0864%
MASSACHUSETTS
New Bedford (City)
Mar 20, 2025 $6,155,000
General Obligation State Qualified Municipal Purpose Loan of 2025 Bonds (book entry).
Dated Apr 9, 2025.
Due Apr 1, 2026 to 2045.
Callable Apr 1, 2034 at par.
Winning bid: TD Securities, at 108.4044, TIC 3.5115%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Roosevelt & Cross, TIC 3.6001%
Fidelity Capital, TIC 3.6238%
KeyBanc Cap Mkts, TIC 3.6492%
Baird, TIC 3.682%
New Bedford (City)
Mar 20, 2025 $40,776,342
General Obligation Bond Anticipation Notes (book entry).
Dated Apr 10, 2025.
Due Apr 10, 2026.
Purchased $40,776,342.00 by JPMorgan, at 4.0%, plus $432,636.98, effective rate 2.939%.
L.O.: Troutman Pepper Locke LLP (as successor to Locke Lord LLP), Boston, MA.
F.A.: Hilltop Securities Inc., Boston, MA.
Other bidders were:
Jefferies, Effective Rate 2.962%
BNY Mellon Cap Mkts, Effective Rate 2.97%
TD Securities, Effective Rate 2.982%
BofA Securities, Effective Rate 3.003%
Oppenheimer, Effective Rate 3.107%
Oppenheimer, Effective Rate 3.157%
MICHIGAN
Avondale School District
Mar 20, 2025 $48,560,000
2025 School Building and Site Bonds (Unlimited Tax General Obligation) (Michigan School Bond Qualification and Loan Program) (book entry).
Dated Apr 15, 2025.
Due Nov 1, 2025 to 2039.
Callable May 1, 2035 at par.
Winning bid: KeyBanc Cap Mkts, at 111.1287, TIC 3.6349%.
L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.
F.A.: Baker Tilly Municipal Advisors, LLC, East Lansing, MI.
Other bidders were:
Jefferies, TIC 3.6378%
Truist Secs, Inc., TIC 3.6489%
UBS Financial Svcs, TIC 3.6671%
TD Securities, TIC 3.6795%
Wells Fargo Corp, TIC 3.6846%
Mesirow Financial, TIC 3.6939%
Baird, TIC 3.741%
Raymond James, TIC 3.7547%
NEVADA
Nevada System of Higher Education
Mar 20, 2025 $39,910,000
Universities Revenue Refunding Bonds, Series 2025 (book entry).
Dated Apr 3, 2025.
Due Jul 1, 2026 to 2035.
Non-callable.
Winning bid: Jefferies, at 111.5301, TIC 3.2895%.
L.O.: Taft, Stettinius & Hollister LLP, Las Vegas, NV; and Taft, Stettinius & Hollister LLP, Reno, NV.
F.A.: JNA Consulting Group LLC, Boulder City, NV.
Other bidders were:
UBS Financial Svcs, TIC 3.2982%
Morgan Stanley, TIC 3.304%
Truist Secs, Inc., TIC 3.3093%
Fidelity Capital, TIC 3.3116%
Baird, TIC 3.3191%
KeyBanc Cap Mkts, TIC 3.3234%
Wells Fargo Corp, TIC 3.3269%
StoneX Fin Inc., TIC 3.3269%
TD Securities, TIC 3.3382%
Mesirow Financial, TIC 3.3601%
NEW JERSEY
East Rutherford Borough
Mar 20, 2025 $22,630,000
General Obligation Bond Anticipation Notes (book entry).
Dated Apr 3, 2025.
Due Apr 2, 2026.
Purchased $22,630,000.00 by BNY Mellon Cap Mkts, at 4.0%, plus $231,126.97, effective rate 2.9758%.
L.O.: Rogut McCarthy LLC, Cranford, NJ.
F.A.: Municipal Official(s).
Other bidders were:
Jefferies, Effective Rate 3.0089%
TD Securities, Effective Rate 3.0203%
Oppenheimer, Effective Rate 3.1567%
Ringwood Borough
Mar 20, 2025 $7,685,000
$8,158,000 Bonds Consisting of $6,403,000 General Bonds of 2025, $1,755,000 Water Bonds of 2025 (bank qualified) (book entry).
Dated Apr 3, 2025.
Due Apr 1, 2026 to 2040.
Callable Apr 1, 2032 at par.
Winning bid: Brownstone Inv Grp, at 106.2158, TIC 3.3502%.
L.O.: Hawkins, Delafield & Wood, Newark, NJ.
F.A.: Phoenix Advisors, Hamilton, NJ.
Other bidders were:
Roosevelt & Cross, TIC 3.3844%
UBS Financial Svcs, TIC 3.3973%
TD Securities, TIC 3.4134%
Hilltop Securities, TIC 3.4498%
StoneX Fin Inc., TIC 3.463%
Baird, TIC 3.4703%
Fidelity Capital, TIC 3.4817%
Union Township (Union County)
Mar 20, 2025 $15,000,000
Bond Anticipation Notes, Series 2025 (book entry).
Dated Apr 3, 2025.
Due Apr 2, 2026.
Purchased $15,000,000.00 by Jefferies, at 4.0%, plus $154,500.00, effective rate 2.9671%.
L.O.: Wilentz, Goldman & Spitzer, Woodbridge, NJ.
F.A.: NW Financial Group, Bloomfield, NJ.
Other bidders were:
BNY Mellon Cap Mkts, Effective Rate 2.9822%
TD Securities, Effective Rate 3.0794%
Oppenheimer, Effective Rate 3.0825%
NEW YORK
Evans-Brant (Lake Shore) Central School District
Mar 20, 2025 $1,512,974
Bond Anticipation Notes, 2025 (New Issue- Renewals) (bank qualified).
Dated Apr 3, 2025.
Due Apr 2, 2026.
Purchased $1,512,974.00 by BNY Mellon Cap Mkts, at 4.0%, plus $10,694.15, effective rate 3.2912%.
L.O.: Harris Beach PLLC, Pittsford, NY.
F.A.: Municipal Solutions, Inc., LeRoy, NY; and Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
Piper Sandler, Effective Rate 3.3672%
Oppenheimer, Effective Rate 3.3897%
Roosevelt & Cross, Effective Rate 3.5718%
Bank of Greene Co, Effective Rate 4.07%
Evans Bank N.A., Effective Rate 4.11%
Vestal Fire District
Mar 20, 2025 $1,200,000
Bond Anticipation Notes, 2025 (bank qualified).
Dated Apr 3, 2025.
Due Aug 8, 2025.
Purchased $1,200,000.00 by Oppenheimer, at 4.25%, plus $251.00, effective rate 4.1898%.
L.O.: Hannigan Law Firm PLLC, Delmar, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Bank of Greene Co, Effective Rate 4.39%
Tioga State Bank, Effective Rate 4.5%
SOUTH CAROLINA
Newberry Investing in Children's Education
Mar 20, 2025 $27,865,000
Installment Purchase Revenue Refunding Bonds (The School District of Newberry County, South Carolina Project),Series 2025 (book entry).
Dated Apr 10, 2025.
Due Dec 1, 2025 to 2030.
Non-callable.
Winning bid: JPMorgan, at 105.4584, TIC 3.1853%.
In association with: Academy Securities Inc..
In association with: Estrada Hinojosa & Company, Inc., Rice Financial Products Company, Stern Brothers & Co..
L.O.: Haynsworth Sinkler Boyd, P.A., Columbia, SC.
F.A.: Compass Municipal Advisors, Columbia, SC.
Other bidders were:
KeyBanc Cap Mkts, TIC 3.2327%
Baird, TIC 3.4285%
TENNESSEE
Lexington (City)
Mar 20, 2025 $5,280,000
General Obligation Public Works Capital Outlay Notes, Series 2025 (bank qualified) (book entry).
Dated Apr 3, 2025.
Due Apr 1, 2026 to 2037.
Callable Apr 1, 2032 at par.
Winning bid: Baird, at 100.9506, TIC 3.7007%.
Other managers: CL King & Associates, SouthState | DuncanWilliams Securities Corp., Crews & Associates, Inc., Edward Jones, Northland Securities, Inc., Country Club Bank, Carty, Harding, & Hearn, Inc., Cadz Securities Inc,, A.G.P./Alliance Global Partners, Celadon Financial Group, LLC, FMSbonds, Inc., First Kentucky Securities Corp., Midland Securities Ltd, Bank of New York Mellon Capital Markets, LLC, Isaak Bond Investments, Inc., First Southern LLC, Dinosaur Securities, Mountainside Securities LLC, StoneX Financial Inc., Blaylock Van, LLC, Falcon Square Capital, Caldwell Sutter Capital, Inc., ZIONS BANK division of ZB, N.A..
L.O.: Bass, Berry & Sims PLC, Nashville, TN.
F.A.: Guardian Advisors, LLC, Hohenwald, TN.
Other bidders were:
Hilltop Securities, TIC 3.7324%
Raymond James, TIC 3.797%
Bernardi Securities, TIC 3.7982%
Stifel Nicolaus, TIC 3.833%
TEXAS
Harris County Municipal Utility District No. 24
Mar 19, 2025 $6,525,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Apr 1, 2025.
Due Mar 1, 2026 to 2036.
Callable Mar 1, 2031 at par.
Winning bid: SAMCO Cap Mkts, at 99.7286, NIC 3.7658%.
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.: Strawn & Richardson, P.C., Houston, TX; and State Attorney General.
F.A.: Masterson Advisors LLC, Houston, TX.
Other bidders were:
Baker Group, NIC 3.9234%
Baird, NIC 3.9398%
Hilltop Securities, NIC 3.9485%
BOK Fin Secs, NIC 4.0268%
Harris County Municipal Utility District No. 536
Mar 20, 2025 $4,000,000
Unlimited Tax Road Bonds, Series 2025 (book entry).
Dated Apr 1, 2025.
Due Sep 1, 2026 to 2050.
Callable Sep 1, 2031 at par.
Winning bid: SAMCO Cap Mkts, at 98.0011, NIC 4.4394%.
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.: Schwartz, Page & Harding, Houston, TX; and State Attorney General.
F.A.: Masterson Advisors LLC, Houston, TX.
Other bidders were:
Baird, NIC 4.4502%
RBC Capital Mkts, NIC 4.4759%
Raymond James, NIC 4.4761%
UMB Bank, NIC 4.4794%
Hilltop Securities, NIC 4.4965%
Crews & Associates, NIC 4.4977%
Harris-Brazoria Counties Municipal Utility District No. 509
Mar 20, 2025 $8,660,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Apr 1, 2025.
Due Sep 1, 2030 to 2046.
Callable Sep 1, 2030 at par.
Winning bid: Hilltop Securities, at 97.0000, NIC 4.4945%.
Other managers: FMSbonds, Inc..
L.O.: Allen Boone Humphries Robinson LLP, Houston, TX; and State Attorney General.
F.A.: Rathmann & Associates, L.P., Houston, TX.
Other bidders were:
Baird, NIC 4.5678%
Raymond James, NIC 4.5743%
SAMCO Cap Mkts, NIC 4.6153%
Louetta Road Utility District
Mar 19, 2025 $2,900,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Apr 1, 2025.
Due Sep 1, 2026 to 2050.
Callable Sep 1, 2030 at par.
Winning bid: SAMCO Cap Mkts, at 97.0141, NIC 4.3708%.
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.: Bacon, Wallace & Philbin LLP, Houston, TX; and State Attorney General.
F.A.: Baird, Houston, TX.
Other bidders were:
Raymond James, NIC 4.4203%
Northland Securities, NIC 4.4404%
Bernardi Securities, NIC 4.4603%
Hilltop Securities, NIC 4.4739%
Crews & Associates, NIC 4.4829%
Montgomery County Municipal Utility District No. 132
Mar 19, 2025 $5,570,000
Unlimited Tax Bonds, Series 2025 (book entry).
Dated Apr 1, 2025.
Due Sep 1, 2025 to 2049.
Callable Sep 1, 2030 at par.
Winning bid: RBC Capital Mkts, at 97.0000, NIC 4.4272%.
L.O.: Sanford Kuhl Hagen Kugle Parker Kahn LLP, Houston, TX; and State Attorney General.
F.A.: Baird, Houston, TX.
Other bidders were:
UMB Bank, NIC 4.4298%
Raymond James, NIC 4.4396%
SAMCO Cap Mkts, NIC 4.4662%
Hilltop Securities, NIC 4.496%
Northland Securities, NIC 4.4967%
Crews & Associates, NIC 4.5182%
Montgomery County Municipal Utility District No. 191
Mar 20, 2025 $14,910,000
Unlimited Tax Road Bonds, Series 2025 (book entry).
Dated Apr 1, 2025.
Due Sep 1, 2026 to 2050.
Callable Sep 1, 2030 at par.
Winning bid: Hilltop Securities, at 97.0962, NIC 4.4712%.
Other managers: FMSbonds, Inc..
L.O.: The Muller Law Group, Sugar Land, TX; and State Attorney General.
F.A.: Baird, Houston, TX.
Other bidders were:
SAMCO Cap Mkts, NIC 4.5323%
RBC Capital Mkts, NIC 4.5968%
West Harris County Municipal Utility District No. 5
Mar 20, 2025 $2,480,000
Unlimited Tax Bonds, Series 2025 (bank qualified) (book entry).
Dated Apr 1, 2025.
Due Sep 1, 2026 to 2049.
Callable Sep 1, 2031 at par.
Winning bid: Fidelity Capital, at 97.0721, NIC 4.5177%.
L.O.: Young & Brooks, Houston, TX; and State Attorney General.
F.A.: Masterson Advisors LLC, Houston, TX.
Other bidders were:
SAMCO Cap Mkts, NIC 4.5405%
Baird, NIC 4.5466%
Raymond James, NIC 4.5529%
Hilltop Securities, NIC 4.5996%
Crews & Associates, NIC 4.6034%
RBC Capital Mkts, NIC 4.6103%
WISCONSIN
Franklin Public School District
Mar 19, 2025 $145,000,000
General Obligation School Facility Improvement Bonds, Series 2025A (book entry).
Dated Apr 10, 2025.
Due Oct 1, 2025 to Apr 1, 2045.
Callable Apr 1, 2033 at par.
Winning bid: Jefferies, at 103.9842, TIC 4.095%.
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: Ehlers, Roseville, MN; and Ehlers, Waukesha, WI.
Other bidders were:
Morgan Stanley, TIC 4.1166%
UBS Financial Svcs, TIC 4.1214%
BofA Securities, TIC 4.1289%
Wells Fargo Corp, TIC 4.14%
JPMorgan, TIC 4.1468%
Baird, TIC 4.2337%
Stoughton (City)
Mar 20, 2025 $1,985,000
Sewerage System Revenue Bonds, Series 2025A (book entry).
Dated Apr 10, 2025.
Due May 1, 2026 to 2043.
Callable May 1, 2034 at par.
Winning bid: Bernardi Securities, at 104.5707, TIC 4.0747%.
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: Ehlers, Waukesha, WI; and Ehlers, Roseville, MN.
Other bidders were:
Baird, TIC 4.0903%
TD Securities, TIC 4.1164%
BOK Fin Secs, TIC 4.2157%