Market Data
Results of negotiated sales: 01/27/2025

ARIZONA

Avondale (City)

Jan 24, 2025 $11,205,000

General Obligation Bonds, Series 2025 (G) (book entry)

Dated Feb 12, 2025.

Due Jul 1, 2025 to 2044.

First coupon Jul 1, 2025.

2035-2044 Callable Jul 1, 2034 at par.

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

L.O.: Greenberg Traurig, LLP, Phoenix, AZ.

F.A.: Stifel, Nicolaus & Co., Inc., Phoenix, AZ.


CALIFORNIA

University of California Regents

Jan 23, 2025 $1,500,000,000

General Revenue Bonds, 2025 Series Bz (R) (book entry)

Dated Feb 18, 2025. Interest accrues Feb 18, 2025.

Due May 15, 2025 to 2050.

First coupon May 15, 2025.

2036-2050 Callable May 15, 2035 at par.

Purchased through negotiation by Morgan Stanley & Co., Inc., Wells Fargo Corporate & Investment Banking, RBC Capital Markets, Siebert Williams Shank & Co., L.L.C, TD Securities, Academy Securities Inc., Alamo Capital, Bancroft Capital, LLC, Barclays Capital, Blaylock Van, LLC, BofA Securities, Cabrera Capital Markets, LLC, Goldman, Sachs & Co., Great Pacific Securities, J.P. Morgan Securities LLC, Jefferies LLC, Loop Capital Markets, LLC, PNC Capital Markets, Ramirez & Co., Inc., Raymond James & Associates, Inc., Stern Brothers & Co., Stifel, Nicolaus & Co., Inc., as follows:

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

F.A.: PFM Financial Advisors LLC, San Francisco, CA.


Long Beach (City)

Jan 23, 2025 $119,055,000

Harbor Revenue and Revenue Refunding Bonds, Series 2025A (R) (book entry)

Dated Feb 14, 2025.

Due May 15, 2026 to 2042.

First coupon May 15, 2025.

2035-2042 Callable Nov 15, 2034 at par.

Purchased through negotiation by BofA Securities, Backstrom McCarley Berry & Co., LLC, RBC Capital Markets, as follows:

L.O.: Kutak Rock, Los Angeles, CA.

F.A.: Public Resources Advisory Group, Los Angeles, CA.


Menifee Union School District Public Financing Authority

Jan 23, 2025 $18,240,000

Lease Revenue Bonds, Series 2025 (Central Support Facility Project) (R) (book entry)

Dated Feb 6, 2025.

Due May 1, 2025 to 2055.

First coupon May 1, 2025.

2035-2055 Callable May 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.


Antelope Valley Community College District

Jan 23, 2025 $49,996,187

Election of 2016 General Obligation Capital Appreciation Bonds, Series D

(O) (book entry)

Dated Feb 13, 2025.

Due Aug 1, 2026 to Feb 1, 2050.

2035-2050 Callable Aug 1, 2034 at par.

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

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

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


COLORADO

Fort Lewis College Board of Trustees

Jan 23, 2025 $11,820,000

Enterprise Revenue Bonds, Series 2025A (R) (book entry)

Dated Jan 30, 2025.

Due Oct 1, 2027 to 2054.

First coupon Oct 1, 2025.

2035-2054 Callable Oct 1, 2034 at par.

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

L.O.: Kutak Rock, Denver, CO.

F.A.: North Slope Capital Advisors, Denver, CO.


ILLINOIS

Green Oaks Village

Jan 22, 2025 $1,155,000

General Obligation Bonds (Alternate Revenue Source), Series 2025 (L) (bank qualified) (book entry)

Dated Feb 6, 2025.

Due Dec 1, 2025 to 2044.

First coupon Jun 1, 2025.

2035-2044 Callable Dec 1, 2034 at par.

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

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Chicago, IL.

F.A.: Speer Financial, Inc., Chicago, IL.


Illinois Finance Authority

Jan 22, 2024 $28,720,000

Revenue Refunding Bonds, Series 2025A (Noble Network of Charter Schools) . (R) (book entry) $27,430,000.

Dated Feb 11, 2025.

Due Sep 1, 2025 to 2039.

First coupon Sep 1, 2025.

2032-2039 Callable Sep 1, 2031 at par.

Purchased through negotiation by Ziegler Capital Markets Group, as follows:

L.O.: Ice Miller, Chicago, IL.

F.A.: Longhouse Capital Advisors, La Grange Park, IL.


MASSACHUSETTS

Massachusetts Development Finance Agency

Jan 23, 2025 $342,195,000

Revenue Bonds, Series 2025N-1 (UMass Memorial Health Care Obligated Group Issue) (R) (book entry) $242,195,000.

Dated Feb 6, 2025.

Due Jul 1, 2026 to 2054.

First coupon Jul 1, 2025.

2036-2054 Callable Jul 1, 2035 at par.

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


Revenue Bonds, Series 2025N-2 (UMass Memorial Health Care Obligated Group Issue) (R) (book entry) $100,000,000.

Dated Feb 6, 2025.

Due Jul 1, 2035.

First coupon Jul 1, 2025.

2035-2035 Callable Jan 1, 2035 at par.

L.O.: Hinckley, Allen & Snyder, Boston, MA.

F.A.: Kaufman, Hall & Associates, LLC, Chicago, IL.


MICHIGAN

Ferris State University Board of Trustees

Jan 23, 2025 $42,785,000

General Revenue Bonds, Series 2025A (R) (book entry)

Dated Feb 19, 2025.

Due Oct 1, 2026 to 2049.

First coupon Oct 1, 2025.

2035-2049 Callable Apr 1, 2035 at par.

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

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.

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


Betsie Lake Utilities Authority

Jan 24, 2025 $5,000,000

Sewage Disposal System Bonds, Series 2025 (Limited Tax General Obligation) (L) (bank qualified) (book entry)

Dated Feb 13, 2025. Interest accrues Feb 13, 2025.

Due Sep 1, 2025 to 2054.

First coupon Sep 1, 2025.

2035-2054 Callable Mar 1, 2035 at par.

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

L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.

F.A.: Baker Tilly Municipal Advisors, LLC, East Lansing, MI.


MISSOURI

Northwest R-1 School District

Jan 23, 2025 $9,000,000

General Obligation Bonds (Missouri Direct Deposit Program) (G) (bank qualified) (book entry)

Dated Feb 6, 2025.

Due Mar 1, 2026 to 2044.

First coupon Sep 1, 2025.

2044-2044 Callable Mar 1, 2033 at par.

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

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


NEW MEXICO

New Mexico Mortgage Finance Authority

Jan 23, 2025 $72,000,000

Single Family Mortgage Program Class I Bonds, 2025 Series A (R) (book entry)

Dated Feb 26, 2025.

Due Sep 1, 2026 to Mar 1, 2056.

First coupon Sep 1, 2025.

2033-2056 Callable Mar 1, 2033 at par.

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

L.O.: Kutak Rock, Omaha, NE.

F.A.: CSG Advisors Inc., Atlanta, GA.


PENNSYLVANIA

Chester County School Authority

Jan 23, 2025 $32,065,000

School Lease Revenue Bonds, Series of 2025 (Chester County Intermediate Unit Project) (R) (book entry)

Dated Feb 13, 2025.

Due Apr 1, 2025 to 2045.

First coupon Apr 1, 2025.

2033-2045 Callable Apr 1, 2032 at par.

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

L.O.: Lamb McErlane, P.C., West Chester, PA.


State Public School Building Authority

Jan 23, 2025 $24,480,000

College Revenue Bonds, Series of 2025 (Montgomery County Community College Project) (R) (book entry)

Dated Feb 6, 2025.

Due May 1, 2025 to 2035.

First coupon May 1, 2025.

Non-callable.

Purchased through negotiation by RBC Capital Markets, as follows:

L.O.: Saul Ewing LLP, Philadelphia, PA; and Andre C. Dascent, P.C., Philadelphia, PA.

F.A.: PFM Financial Advisors LLC, Malvern, PA.


WISCONSIN

Omro School District

Jan 23, 2025 $22,825,000

General Obligation Promissory Notes (G) (book entry)

Dated Mar 6, 2025. Interest accrues Mar 6, 2025.

Due Mar 1, 2026 to 2045.

First coupon Sep 1, 2025.

2034-2045 Callable Mar 1, 2033 at par.

Purchased through negotiation by Baird, as follows:

L.O.: Quarles & Brady, Milwaukee, WI.


FORWARDS


CALIFORNIA

Antelope Valley Community College District

Jan 23, 2025 $44,975,000

2026 General Obligation Refunding Bonds (G) (book entry)

Dated Nov 3, 2026.

Due Aug 1, 2027 to 2044.

First coupon Feb 1, 2027.

2037-2044 Callable Aug 1, 2036 at par.

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

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

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


South San Francisco Unified School District

Jan 23, 2025 $58,255,000

General Obligation Refunding Bonds, Series 2025 (G) (book entry)

Dated Jun 3, 2025.

Due Sep 1, 2026 to 2037.

First coupon Sep 1, 2025.

2036-2037 Callable Sep 1, 2035 at par.

Purchased through negotiation by RBC Capital Markets, as follows:

L.O.: Orrick, Herrington & Sutcliffe, Irvine, CA.

F.A.: Isom Advisors Inc., Walnut Creek, CA.


TAXABLE ISSUES


ILLINOIS

Illinois Finance Authority

Jan 22, 2024 $28,720,000

Revenue Refunding Bonds, Series 2025B (Noble Network of Charter Schools) (R) (book entry) (Taxable) $1,290,000.

Dated Feb 11, 2025.

Due Sep 1, 2025.

First coupon Sep 1, 2025.

Non-callable.

Purchased through negotiation by Ziegler Capital Markets Group, as follows:

L.O.: Ice Miller, Chicago, IL.

F.A.: Longhouse Capital Advisors, La Grange Park, IL.


NEW MEXICO

New Mexico Mortgage Finance Authority

Jan 23, 2025 $48,000,000

Single Family Mortgage Program Class I Bonds, 2025 Series B (R) (book entry) (Taxable)

Dated Feb 26, 2025.

Due Sep 1, 2026 to Mar 1, 2056.

First coupon Sep 1, 2025.

2033-2056 Callable Mar 1, 2033 at par.

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

L.O.: Kutak Rock, Omaha, NE.

F.A.: CSG Advisors Inc., Bronxville, NY.