Market Data
Results of negotiated sales: 10/24/2024

ALABAMA

Northeast Alabama Water, Sewer & Fire Protection District

Oct 22, 2024 $5,780,000

Water Revenue Bonds, Series 2024 (R) (bank qualified) (book entry)

Dated Nov 5, 2024.

Due May 15, 2026 to 2040.

First coupon May 15, 2025.

2035-2040 Callable May 15, 2034 at par.

Purchased through negotiation by Raymond James & Associates, Inc., as follows:

L.O.: Maynard Nexsen PC, Birmingham, AL.


ARKANSAS

University of Arkansas Board of Trustees

Oct 22, 2024 $10,215,000

Student Fee Revenue Bonds, Series 2024 (University of Arkansas Community College at Morrilton) (R) (book entry)

Dated Nov 5, 2024.

Due May 1, 2027 to 2051.

First coupon May 1, 2025.

2035-2051 Callable May 1, 2034 at par.

Purchased through negotiation by Crews & Associates, Inc., Stephens Inc., as follows:

L.O.: Friday Eldredge & Clark, Little Rock, AR.

F.A.: PFM Financial Advisors LLC, Providence, RI.


ARIZONA

Phoenix Elementary School District No. 1

Oct 22, 2024 $45,340,000

School Improvement Bonds, Project Of 2022, Series B (2024) (G) (book entry)

Dated Nov 19, 2024.

Due Jul 1, 2027 to 2044.

First coupon Jan 1, 2025.

2035-2044 Callable Jul 1, 2034 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Gust Rosenfeld, Phoenix, AZ.


CALIFORNIA

California Housing Finance Agency

Oct 23, 2024 $107,580,000

Affordable Housing Revenue Bonds, 2024 Series A-1 (Sustainability Bonds) (R) (book entry) $67,580,000.

Dated Nov 14, 2024.

Due Aug 1, 2025 to 2052.

First coupon Feb 1, 2025.

2033-2052 Callable Feb 1, 2033 at par.

Purchased through negotiation by Morgan Stanley & Co., Inc., RBC Capital Markets, Academy Securities Inc., BofA Securities, Fidelity Capital Markets, Ramirez & Co., Inc., as follows:


Affordable Housing Revenue Bonds, 2024 Series A-2 (Sustainability Bonds) (R) (book entry) $40,000,000.

Dated Nov 14, 2024.

Due Aug 1, 2052 to 2064.

First coupon Feb 1, 2025.

2052-2064 Callable Aug 1, 2027 at par.

L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.


Riverdale Joint Unified School District

Oct 22, 2024 $6,900,000

General Obligation Bonds, Election of 2020, Series B (G) (bank qualified) (book entry)

Dated Nov 5, 2024.

Due Aug 1, 2025 to 2051.

First coupon Feb 1, 2025.

2033-2051 Callable Aug 1, 2032 at par.

Purchased through negotiation by Raymond James & Associates, Inc., as follows:

L.O.: Lozano Smith, Sacramento, CA.

F.A.: Dale Scott Co., San Francisco, CA.


California Municipal Public Financing Authority

Oct 22, 2024 $7,230,000

Gold Ridge Fire Protection District, Series 2024 Revenue Bonds (New Building and Station 1 Remodel Project) (R) (book entry)

Dated Nov 7, 2024. Interest accrues Nov 7, 2024.

Due Oct 1, 2025 to 2049.

First coupon Apr 1, 2025.

2034-2049 Callable Oct 1, 2033 at par.

Purchased through negotiation by FHN Financial Capital Markets, as follows:

L.O.: The Weist Law Firm, Scotts Valley, CA.

F.A.: California Municipal Investors, Inc., Los Angeles, CA.


Cerritos Community College District

Oct 22, 2024 $223,755,000

Election of 2022 General Obligation Bonds, Series 2024A (G) (book entry) $100,000,000.

Dated Nov 12, 2024.

Due Aug 1, 2025 to 2049.

First coupon Feb 1, 2025.

2035-2049 Callable Aug 1, 2034 at par.

Purchased through negotiation by RBC Capital Markets, Ramirez & Co., Inc., as follows:


2024 General Obligation Refunding Bonds (G) (book entry) $123,755,000.

Dated Nov 12, 2024.

Due Aug 1, 2025 to 2044.

First coupon Feb 1, 2025.

2035-2044 Callable Aug 1, 2034 at par.

L.O.: Stradling, Yocca, Carlson & Rauth, San Francisco, CA.

F.A.: KNN Public Finance, Berkeley, CA.


Beaumont Community Facilities District No. 93-1

Oct 22, 2024 $9,400,000

Special Tax Bonds, Series 2024 (R) (book entry)

Dated Nov 6, 2024.

Due Sep 1, 2025 to 2054.

First coupon Mar 1, 2025.

2032-2054 Callable Sep 1, 2031 at 103.000%, declining to par Sep 1, 2031.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Stradling, Yocca, Carlson & Rauth, Newport Beach, CA.

F.A.: Urban Futures, Inc., Walnut Creek, CA.


Temecula Valley Unified School District Financing Authority

Oct 22, 2024 $42,110,000

2024 Special Tax Revenue Bonds (R) (book entry)

Dated Dec 3, 2024.

Due Sep 1, 2025 to 2040.

First coupon Mar 1, 2025.

2035-2040 Callable Sep 1, 2034 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Jones Hall, San Francisco, CA.

F.A.: Fieldman, Rolapp & Associates, Irvine, CA.


COLORADO

Hunters Overlook Metropolitan District No. 5

Oct 23, 2024 $29,860,000

Limited Tax General Obligation Refunding Bonds, Series 2024 (L) (book entry)

Dated Oct 31, 2024.

Due Dec 1, 2025 to 2054.

First coupon Dec 1, 2024.

2035-2054 Callable Dec 1, 2034 at par.

Purchased through negotiation by Piper Sandler & Co, as follows:

L.O.: Kline Alvarado Veio, P.C., Denver, CO.


Water Valley Metropolitan District No. 3

Oct 23, 2024 $4,964,000

Limited Tax General Obligation Bonds, Series 2024A (L) (bank qualified) (book entry) $4,135,000.

Dated Oct 30, 2024. Interest accrues Oct 30, 2024.

Due Dec 1, 2027 to 2054.

First coupon Dec 1, 2024.

2030-2054 Callable Dec 1, 2029 at 103.000%, declining to par Dec 1, 2029.

Purchased through negotiation by Piper Sandler & Co, as follows:


Subordinate Limited Tax General Obligation Bonds, Series 2024B (L) (bank qualified) (book entry) $829,000.

Dated Oct 30, 2024. Interest accrues Oct 30, 2024.

Due Dec 15, 2054.

First coupon Dec 15, 2024.

2054-2054 Callable Dec 1, 2029 at 103.000%, declining to par Dec 1, 2029.

L.O.: Kline Alvarado Veio, P.C., Denver, CO.


FLORIDA

Harvest Ridge Community Development District

Oct 23, 2024 $4,510,000

Special Assessment Bonds, Series 2024 (Series 2024 Project) (N) (book entry)

Dated Nov 7, 2024.

Due May 1, 2025 to 2054.

First coupon May 1, 2025.

2035-2054 Callable Nov 1, 2034 at par.

Purchased through negotiation by FMSbonds, Inc., as follows:

L.O.: GrayRobinson, P.A., Tampa, FL.


Emerald Coast Utilities Authority

Oct 22, 2024 $27,375,000

Utility System Revenue Refunding Bonds, Series 2024 (R) (book entry)

Dated Oct 31, 2024.

Due Jan 1, 2027 to 2036.

First coupon Jan 1, 2025.

Non-callable.

Purchased through negotiation by RBC Capital Markets, as follows:

L.O.: Nabors, Giblin & Nickerson, Tampa, FL.

F.A.: Public Resources Advisory Group, St Petersburg, FL.


GEORGIA

Monroe County Public Facilities Authority

Oct 22, 2024 $15,990,000

Revenue Bonds, Series 2024 (Monroe County School District Projects) (Georgia State Aid Intercept Program) (R) (book entry)

Dated Nov 12, 2024.

Due Aug 1, 2025 to 2038.

First coupon Feb 1, 2025.

2035-2038 Callable Aug 1, 2034 at par.

Purchased through negotiation by Raymond James & Associates, Inc., as follows:

L.O.: Butler Snow, LLP, Macon, GA.


IDAHO

Idaho Housing and Finance Association

Oct 22, 2024 $2,710,000

Nonprofit Facilities Revenue Bonds, Series 2024A (Idaho Public Charter School Facilities) (Palouse Prairie Charter School Project) (R) (book entry) $2,610,000.

Dated Nov 5, 2024. Interest accrues Nov 5, 2024.

Due May 1, 2027 to 2054.

First coupon May 1, 2025.

2033-2054 Callable May 1, 2032 at par.

Purchased through negotiation by Baird, as follows:

L.O.: Skinner Fawcett LLP, Boise, ID.


Avimor Community Infrastructure District No. 1

Oct 22, 2024 $19,861,000

Special Assessment Bonds, Series 2024B (Assessment Area Six) (N) (book entry)

Dated Nov 5, 2024. Interest accrues Nov 5, 2024.

Due Sep 1, 2027 to 2053.

First coupon Mar 1, 2025.

2030-2053 Callable Dec 1, 2029 at 103.000%, declining to par Dec 1, 2029.

Purchased through negotiation by D.A. Davidson & Co., as follows:

L.O.: MSBT Law, Chartered, Boise, ID.


ILLINOIS

Springfield (City)

Oct 22, 2024 $372,535,000

Senior Lien Electric Revenue Refunding Bonds, Series of 2024 (R) (book entry)

Dated Dec 3, 2024.

Due Mar 1, 2025 to 2040.

First coupon Mar 1, 2025.

2035-2040 Callable Mar 1, 2034 at par.

Purchased through negotiation by J.P. Morgan Securities LLC, BofA Securities, Ramirez & Co., Inc., as follows:

L.O.: Chapman and Cutler LLP, Chicago, IL.

F.A.: Stifel, Nicolaus & Co., Inc., St. Louis, MO.


Illinois State University Board of Trustees

Oct 22, 2024 $76,030,000

Certificates of Participation, Series 2024

(Capital Improvement Projects) (C) (book entry)

Dated Nov 13, 2024.

Due Apr 1, 2026 to 2054.

First coupon Apr 1, 2025.

2035-2054 Callable Oct 1, 2034 at par.

Purchased through negotiation by J.P. Morgan Securities LLC, Cabrera Capital Markets, LLC, Huntington Securities, Inc., as follows:

L.O.: Chapman and Cutler LLP, Chicago, IL.

F.A.: Blue Rose Capital Advisors, Minneapolis, MN.


INDIANA

Fort Wayne Community Schools

Oct 22, 2024 $27,800,000

General Obligation Bonds, Series 2024 B (Indiana State Aid Intercept Program) (L) (book entry)

Dated Nov 20, 2024.

Due Jul 15, 2025 to Jan 15, 2035.

First coupon Jul 15, 2025.

Non-callable.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Barnes & Thornburg LLP, Indianapolis, IN.

F.A.: Baker Tilly Municipal Advisors, LLC, Indianapolis, IN.


Danville Community School Corporation

Oct 22, 2024 $5,580,000

General Obligation Bonds of 2024 (Indiana State Aid Intercept Program) (L) (book entry)

Dated Nov 14, 2024.

Due Jul 15, 2025 to Jan 15, 2028.

First coupon Jul 15, 2025.

Non-callable.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Ice Miller, Indianapolis, IN.


MINNESOTA

Olivia (City)

Oct 22, 2024 $795,000

General Obligation Tax Abatement Bonds, Series 2024A (O) (bank qualified) (book entry)

Dated Nov 18, 2024. Interest accrues Nov 18, 2024.

Due Feb 1, 2026 to 2040.

First coupon Aug 1, 2025.

2033-2040 Callable Feb 1, 2032 at par.

Purchased through negotiation by D.A. Davidson & Co., as follows:

L.O.: Taft, Stettinius & Hollister LLP, Minneapolis, MN.

F.A.: David Drown Associates, Minneapolis, MN.


MISSOURI

New Melle Fire Protection District

Oct 22, 2024 $6,000,000

General Obligation Bonds, Series 2024 (G) (bank qualified) (book entry)

Dated Oct 31, 2024.

Due Mar 1, 2030 to 2044.

First coupon Mar 1, 2025.

2036-2044 Callable Mar 1, 2033 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Gilmore & Bell, St. Louis, MO.


NEW YORK

New York Transportation Development Corporation

Oct 23, 2024 $2,010,740,000

Special Facilities Revenue Bonds, Series 2024A (Green Bonds) (Amt) (Current Interest Bonds) and Srs 2024B (Amt) (Convertible Capital Appreciation Bonds) (Jfk Airport Terminal 6 Redev Project) (R) (book entry) (AMT) $1,845,640,000.

Dated Nov 5, 2024.

Due Dec 31, 2051 to 2060.

First coupon Dec 31, 2024.

Callable Dec 31, 2034 at par.

Purchased through negotiation by Goldman, Sachs & Co., as follows:


Special Facilities Revenue Bonds, Series 2024A (Green Bonds) (Amt) (Current Interest Bonds) and Srs 2024B (Amt) (Convertible Capital Appreciation Bonds) (Jfk Airport Terminal 6 Redev Project) (R) (book entry) (AMT) $165,100,000.

Dated Nov 5, 2024.

Due Dec 31, 2051 to 2054.

First coupon Dec 31, 2024.

Callable Dec 31, 2044 at par.

L.O.: Squire Patton Boggs (US) LLP, New York, NY; and Hardwick Law Firm, New York, NY.

F.A.: Backstrom McCarley Berry & Co., LLC, New York, NY.


Nassau County Local Economic Assistance Corporation

Oct 22, 2024 $44,915,000

Revenue Bonds. (Cold Spring Harbor Laboratory Project) Series 2024A (R) (book entry)

Dated Oct 31, 2024.

Due Jan 1, 2030 to 2032.

First coupon Jan 1, 2025.

Non-callable.

Purchased through negotiation by Morgan Stanley & Co., Inc., BofA Securities, TD Securities, as follows:

L.O.: Phillips, Lytle LLP, New York, NY.

F.A.: PFM Financial Advisors LLC, New York, NY.


Metropolitan Transportation Authority

Oct 23, 2024 $479,460,000

Transportation Revenue Refunding Green Bonds, Series 2024 B (Climate Bond Certified)

(R) (book entry)

Dated Oct 29, 2024. Interest accrues Oct 29, 2024.

Due Nov 15, 2030 to 2044.

First coupon May 15, 2025.

2035-2044 Callable Nov 15, 2034 at par.

Purchased through negotiation by Siebert Williams Shank & Co., L.L.C, BofA Securities, Goldman, Sachs & Co., Jefferies LLC, J.P. Morgan Securities LLC, Ramirez & Co., Inc., Blaylock Van, LLC, Mischler Financial Group, Inc., Stern Brothers & Co., Academy Securities Inc., Barclays Capital, Loop Capital Markets, LLC, Morgan Stanley & Co., Inc., Oppenheimer & Co., Inc., as follows:

L.O.: Orrick, Herrington & Sutcliffe, New York, NY; and Bryant Rabbino LLP, New York, NY.

F.A.: Public Resources Advisory Group, New York, NY; and Backstrom McCarley Berry & Co., LLC, San Francisco, CA.


OHIO

Cuyahoga County

Oct 22, 2024 $131,580,000

Refunding Certificates of Participation, Series 2024 (Convention Hotel Project) (C) (book entry)

Dated Nov 12, 2024.

Due Dec 1, 2025 to 2044.

First coupon Jun 1, 2025.

2035-2044 Callable Dec 1, 2034 at par.

Purchased through negotiation by PNC Capital Markets, Huntington Securities, Inc., Raymond James & Associates, Inc., Loop Capital Markets, LLC, as follows:

L.O.: Squire Patton Boggs (US) LLP, Cleveland, OH.

F.A.: Stifel, Nicolaus & Co., Inc., Columbus, OH.


Xenia (City)

Oct 22, 2024 $10,390,000

Various Purpose Refunding and Improvement Bonds, Series 2024 (General Obligation) (Limited Tax) (L) (book entry)

Dated Dec 3, 2024.

Due Dec 1, 2028 to 2055.

First coupon Jun 1, 2025.

2032-2055 Callable Dec 1, 2031 at par.

Purchased through negotiation by Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Dinsmore & Shohl LLP, Columbus, OH.

F.A.: Bradley Payne Advisors, Cincinnati, OH.


Newark (City)

Oct 22, 2024 $5,075,000

Parking Garage Bond Anticipation Notes, Series 2024 (General Obligation - Limited Tax) (L) (bank qualified) (book entry) $2,530,000.

Dated Nov 5, 2024. Interest accrues Nov 5, 2024.

Due Nov 5, 2025.

First coupon Oct 30, 2025.

Non-callable.

Purchased through negotiation by Northland Securities, Inc., as follows:

L.O.: Dinsmore & Shohl LLP, Columbus, OH.


PENNSYLVANIA

Mars Area School District

Oct 22, 2024 $10,000,000

General Obligation (Limited Tax) Bonds, Series of 2024 (L) (bank qualified) (book entry)

Dated Nov 21, 2024.

Due Sep 1, 2025 to 2041.

First coupon Mar 1, 2025.

2030-2041 Callable Sep 1, 2029 at par.

Purchased through negotiation by PNC Capital Markets, as follows:

L.O.: Dinsmore & Shohl LLP, Pittsburgh, PA.


SOUTH CAROLINA

South Carolina Jobs-Economic Development Authority

Oct 22, 2024 $115,135,000

Healthcare Revenue Bonds, (Beaufort Memorial Hospital and South of Broad Healthcare Project) Series 2024 (R) (book entry)

Dated Oct 31, 2024.

Due Nov 15, 2027 to 2054.

First coupon May 15, 2025.

2035-2054 Callable Nov 15, 2034 at par.

Purchased through negotiation by BofA Securities, as follows:

L.O.: Haynsworth Sinkler Boyd, P.A., Greenville, SC.

F.A.: Kaufman Hall & Associates, Skokie, IL.


TEXAS

Tomball Independent School District

Oct 22, 2024 $183,635,000

School Building and Refunding Bonds, Series 2024 (Permanent School Fund Guarantee Program) (G) (book entry)

Dated Nov 1, 2024. Interest accrues Nov 19, 2024.

Due Feb 15, 2026 to 2050.

First coupon Feb 15, 2025.

2035-2050 Callable Feb 15, 2034 at par.

Purchased through negotiation by Raymond James & Associates, Inc., Crews & Associates, Inc., Jefferies LLC, Piper Sandler & Co, SAMCO Capital Markets, as follows:

L.O.: Orrick, Herrignton & Sutcliffe, Houston, TX; and State Attorney General.

F.A.: BOK Financial Securities, Houston, TX.


Richardson Independent School District

Oct 22, 2024 $45,900,000

Refunding Bonds, Series 2024 (Permanent School Fund Guarantee Program) (G) (book entry)

Dated Nov 15, 2024. Interest accrues Nov 20, 2024.

Due Feb 15, 2025 to 2041.

First coupon Feb 15, 2025.

2035-2041 Callable Feb 15, 2034 at par.

Purchased through negotiation by RBC Capital Markets, FHN Financial Capital Markets, as follows:

L.O.: Bracewell LLP, Dallas, TX; and State Attorney General.

F.A.: Hilltop Securities Inc., Dallas, TX.


Comal Independent School District

Oct 23, 2024 $465,770,000

School Building and Refunding Bonds, Series 2024 (Permanent School Fund Guarantee Program) (G) (book entry)

Dated Nov 1, 2024. Interest accrues Nov 1, 2024.

Due Feb 15, 2025 to 2049.

First coupon Feb 15, 2025.

2035-2049 Callable Feb 15, 2034 at par.

Purchased through negotiation by Baird, Cabrera Capital Markets, LLC, Frost Bank, as follows:

L.O.: Escamilla & Poneck, LLP, Fort Worth, TX; and State Attorney General.

F.A.: SAMCO Capital Markets, San Antonio, TX.


WASHINGTON

Pasco Public Facilities District

Oct 22, 2024 $49,035,000

Sales Tax Bonds, Series 2024

(X) (book entry)

Dated Nov 5, 2024. Interest accrues Nov 5, 2024.

Due Nov 1, 2025 to 2054.

First coupon May 1, 2025.

2034-2054 Callable Nov 1, 2033 at par.

Purchased through negotiation by KeyBanc Capital Markets, as follows:

L.O.: Foster Garvey, Seattle, WA.

F.A.: Northwest Municipal Advisors, Bellevue, WA.


Spokane County

Oct 22, 2024 $130,385,000

Airport Revenue Bonds, Series 2024A (R) (book entry) $34,900,000.

Dated Nov 7, 2024.

Due Jan 1, 2026 to 2054.

First coupon Jul 1, 2025.

2035-2054 Callable Jan 1, 2034 at par.

Purchased through negotiation by Barclays Capital, as follows:


Airport Revenue Bonds, Series 2024B (Subject To Amt) (R) (book entry) (AMT) $95,485,000.

Dated Nov 7, 2024.

Due Jan 1, 2026 to 2054.

First coupon Jul 1, 2025.

2035-2054 Callable Jan 1, 2034 at par.

L.O.: Pacifica Law Group, Seattle, WA.

F.A.: PFM Financial Advisors LLC, Seattle, WA.


WISCONSIN

Public Finance Authority

Oct 23, 2024 $75,393,097

Affordable Housing Multifamily Certificates Series 2024-1 Class A (Freddie Mac Enhanced Custodial Receipts, Series 2024-FRA-1 through 2024-FRA-14 (R) (book entry)

Dated Oct 1, 2024. Interest accrues Oct 1, 2024.

Due Sep 25, 2039.

First coupon Nov 25, 2024.

Non-callable.

Purchased through negotiation by Jefferies LLC, Morgan Stanley & Co., Inc., Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Orrick, Herrington & Sutcliffe, San Francisco, CA.


Public Finance Authority

Oct 23, 2024 $53,575,000

(Texas Infrastructure Program) Revenue Anticipation Bonds

, Series 2024 (Waterstone Project) (R) (book entry)

Dated Oct 29, 2024. Interest accrues Oct 29, 2024.

Due Dec 15, 2038.

First coupon Dec 15, 2024.

2038-2038 Callable Dec 15, 2026 at par.

Purchased through negotiation by Piper Sandler & Co, as follows:

L.O.: Jackson Walker L.L.P., Houston, TX; and Orrick, Herrington & Sutcliffe, San Francisco, CA.


TAXABLE ISSUES


IDAHO

Idaho Housing and Finance Association

Oct 22, 2024 $2,710,000

Nonprofit Facilities Revenue Bonds, Series 2024B (Idaho Public Charter School Facilities) (Palouse Prairie Charter School Project) (R) (book entry) (Taxable) $100,000.

Dated Nov 5, 2024. Interest accrues Nov 5, 2024.

Due May 1, 2025 to 2027.

First coupon May 1, 2025.

Non-callable.

Purchased through negotiation by Baird, as follows:

L.O.: Skinner Fawcett LLP, Boise, ID.


Idaho Housing and Finance Association

Oct 22, 2024 $175,000,000

Single Family Mortgage Bonds, 2024 Series C (M) (book entry) (Taxable)

Dated Nov 14, 2024.

Due Jul 1, 2025 to Jan 1, 2065.

First coupon Jan 1, 2025.

2033-2065 Callable Jul 1, 2032 at par.

Purchased through negotiation by BofA Securities, Barclays Capital, RBC Capital Markets, ZIONS BANK division of ZB, N.A., D.A. Davidson & Co., Jefferies LLC, Raymond James & Associates, Inc., Stifel, Nicolaus & Co., Inc., as follows:

L.O.: Skinner Fawcett LLP, Boise, ID.


OHIO

Newark (City)

Oct 22, 2024 $5,075,000

Parking Garage Bond Anticipation Notes, Series 2024 (General Obligation - Limited Tax) (L) (book entry) (Taxable) $2,545,000.

Dated Nov 5, 2024. Interest accrues Nov 5, 2024.

Due Nov 5, 2025.

First coupon Oct 30, 2025.

Non-callable.

Purchased through negotiation by Northland Securities, Inc., as follows:

L.O.: Dinsmore & Shohl LLP, Columbus, OH.