MICHIGAN
Memphis Community Schools
Jan 26, 2015 . . . . . . $7,555,000
2015 Refunding Bonds (General Obligation- Unlimited Tax) (bank qualified) (book entry).
Dated Feb 19, 2015.
Due May 1, 2020 to 2029.
Callable May 1, 2025 at par.
Winning bid: BOSC, at n/a, TIC 2.3368%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 5/1/20 | $630,000 | 2.00% | 1.40% | MSDCE | |
| 5/1/21 | $755,000 | 2.00% | 1.55% | MSDCE | |
| 5/1/22 | $755,000 | 2.00% | 1.75% | MSDCE | |
| 5/1/23 | $760,000 | 2.25% | 1.90% | MSDCE | |
| 5/1/24 | $775,000 | 2.25% | 2.05% | MSDCE | |
| 5/1/25 | $745,000 | 3.00% | 2.15% | MSDCE | |
| 5/1/26 | $750,000 | 3.00% | 2.30% | MSDCE | |
| 5/1/27 | $770,000 | 3.00% | 2.40% | MSDCE | |
| 5/1/28 | $795,000 | 3.00% | 2.50% | MSDCE | |
| 5/1/29 | $820,000 | 3.00% | 2.60% | MSDCE |
Other managers: Sterne, Agee & Leach, Inc, SunTrust Robinson Humphrey.
L.O.: Thrun Law Firm, P.C., East Lansing, MI.
F.A.: Stauder, Barch & Associates, Inc., Ann Arbor, MI.
Other bidders were:
Robert W. Baird, TIC 2.3943%
Raymond James, TIC 2.5385%
Napoleon Community Schools
Jan 26, 2015 . . . . . . $5,620,000
2015 Refunding Bonds (General Obligation- Unlimited Tax) (bank qualified) (book entry).
Dated Feb 24, 2015.
Due May 1, 2016 to 2024.
Non-callable.
Winning bid: Robert W. Baird, at 103.2609, TIC 1.6724%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 5/1/16 | $625,000 | 2.00% | 0.45% | ||
| 5/1/17 | $630,000 | 2.00% | 0.75% | ||
| 5/1/18 | $645,000 | 2.00% | 1.00% | ||
| 5/1/19 | $650,000 | 2.00% | 1.20% | ||
| 5/1/20 | $645,000 | 2.00% | 1.35% | ||
| 5/1/21 | $630,000 | 2.00% | 1.50% | ||
| 5/1/22 | $615,000 | 2.00% | 1.70% | ||
| 5/1/23 | $595,000 | 3.00% | 1.85% | ||
| 5/1/24 | $585,000 | 3.00% | 2.00% |
Other managers: CL King & Associates, Coastal Securities Corp., WNJ Capital, SAMCO Capital Markets, SumRidge Partners, LLC, Crews & Associates, Inc., Davenport & Company LLC, Loop Capital Markets, LLC, Ross, Sinclaire & Associates LLC, Northland Securities, Inc., CastleOak Securities, L.P., Alamo Capital, Oppenheimer & Co., Inc., Isaak Bond Investments, Inc., J.J.B. Hilliard, W.L. Lyons, Inc., Wedbush Securities Inc..
L.O.: Thrun Law Firm, P.C., East Lansing, MI.
F.A.: Stauder, Barch & Associates, Inc., Ann Arbor, MI.
Other bidders were:
City Securities, TIC 1.7874%
Sterne Agee, TIC 1.7934%
MINNESOTA
Elk River Independent School District No. 728
Jan 26, 2015 . . . . . . $13,515,000
General Obligation Alternative Facilities Bonds, Series 2015B (Minnesota School District Credit Enhancement Program) (book entry).
Dated Feb 19, 2015.
Due Feb 1, 2023 to 2029.
Callable Feb 1, 2024 at par.
Winning bid: Robert W. Baird, at 106.8719, TIC 2.6933%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 2/1/23 | $1,070,000 | 2.00% | 1.82% | ||
| 2/1/24 | $1,095,000 | 3.00% | 1.94% | ||
| 2/1/25 | $1,100,000 | 3.00% | 2.05% | ||
| 2/1/26 | $2,425,000 | 3.00% | 2.25% | ||
| 2/1/27 | $2,515,000 | 3.00% | 2.45% | ||
| 2/1/28 | $2,610,000 | 4.00% | 2.45% | ||
| 2/1/29 | $2,700,000 | 4.00% | 2.55% |
Other managers: CL King & Associates, Fidelity Capital Markets, Edward Jones, SAMCO Capital Markets, Cronin & Co., Inc., WNJ Capital, Loop Capital Markets, LLC, Crews & Associates, Inc., CastleOak Securities, L.P., Davenport & Company LLC, Vining-Sparks IBG, Limited Partnership, Northland Securities, Inc., Ross, Sinclaire & Associates LLC, Duncan-Williams, Inc., Incapital LLC, Wedbush Securities Inc., Dougherty & Company LLC, Isaak Bond Investments, Inc., Bank of New York Mellon Capital Markets, LLC, Alamo Capital, Oppenheimer & Co., Inc., Bernardi Securities, Inc., Wayne Hummer & Co., IFS Securities, SumRidge Partners, LLC.
L.O.: Knutson, Flynn & Deans, Mendota Heights, MN.
F.A.: Ehlers, Roseville, MN.
Other bidders were:
BA Merrill Lynch, TIC 2.7235%
Morgan Stanley, TIC 2.8755%
JPMorgan, TIC 2.8978%
Elk River Independent School District No. 728
Jan 26, 2015 . . . . . . $95,995,000
General Obligation School Building Bonds, Series 2015A (MN SD Credit Enhancement Program) (book entry).
Dated Feb 19, 2015.
Due Feb 1, 2017 to 2033.
Callable Feb 1, 2024 at par.
Winning bid: Robert W. Baird, at 102.1259, TIC 3.0151%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 2/1/17 | $1,510,000 | 2.00% | 0.50% | ||
| 2/1/18 | $1,480,000 | 2.00% | 0.75% | ||
| 2/1/19 | $850,000 | 2.00% | 1.00% | ||
| 2/1/20 | $860,000 | 2.00% | 1.15% | ||
| 2/1/23 | $3,810,000 | 2.00% | 1.82% | ||
| 2/1/24 | $3,815,000 | 3.00% | 1.94% | ||
| 2/1/25 | $3,950,000 | 3.00% | 2.05% | ||
| 2/1/26 | $8,485,000 | 4.00% | 2.25% | ||
| 2/1/27 | $8,780,000 | 3.00% | 2.40% | ||
| 2/1/28 | $9,125,000 | 3.00% | 2.90% | ||
| 2/1/29 | $9,475,000 | 3.125% | 3.03% | ||
| 2/1/30 | $9,845,000 | 3.00% | 3.00% | ||
| 2/1/31 | $11,080,000 | 3.00% | 3.05% | ||
| 2/1/32 | $11,555,000 | 4.00% | 2.75% | ||
| 2/1/33 | $11,375,000 | 3.00% | 3.15% |
Other managers: CL King & Associates, Fidelity Capital Markets, Edward Jones, SAMCO Capital Markets, Cronin & Co., Inc., WNJ Capital, Loop Capital Markets, LLC, Crews & Associates, Inc., Davenport & Company LLC, Vining-Sparks IBG, Limited Partnership, Northland Securities, Inc., Ross, Sinclaire & Associates LLC, Duncan-Williams, Inc., Bank of New York Mellon Capital Markets, LLC, Alamo Capital, Oppenheimer & Co., Inc., J.J.B. Hilliard, W.L. Lyons, Inc., Bernardi Securities, Inc., Wayne Hummer & Co., IFS Securities, United Banker's Bank, SumRidge Partners, LLC.
L.O.: Knutson, Flynn & Deans, Mendota Heights, MN.
F.A.: Ehlers, Roseville, MN.
Other bidders were:
Citigroup, TIC 3.0332%
BA Merrill Lynch, TIC 3.0881%
Wells Fargo Secs, TIC 3.1176%
Piper Jaffray, TIC 3.1326%
JPMorgan, TIC 3.1353%
Morgan Stanley, TIC 3.1553%
Farmington Independent School District No. 192
Jan 26, 2015 . . . . . . $4,000,000
General Obligation Aid Anticipation Certificates of Indebtedness, Series 2015B.
Dated Feb 17, 2015.
Due Sep 28, 2015.
Purchased $4,000,000.00 by Jefferies, at 1.0%, plus $16,880.00, effective rate 0.3126%.
L.O.: Knutson, Flynn & Deans, Mendota Heights, MN.
F.A.: Ehlers, Roseville, MN.
Other bidders were:
Northland Securities, Effective Rate 0.4543%
Piper Jaffray, Effective Rate 0.4869%
Oppenheimer, Effective Rate 0.697%
Floodwood Independent School District No 698
Jan 26, 2015 . . . . . . $3,550,000
General Obligation School Building Refunding Bonds, Series 2015A (Minnesota School District Credit Enhancement Program) (bank qualified) (book entry).
Dated Feb 19, 2015.
Due Apr 1, 2016 to 2022.
Non-callable.
Winning bid: United Banker's Bk, at n/a, TIC 1.2757%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 4/1/16 | $520,000 | 2.00% | 0.45% | ||
| 4/1/17 | $480,000 | 2.00% | 0.85% | ||
| 4/1/18 | $490,000 | 2.00% | 1.00% | ||
| 4/1/19 | $500,000 | 2.00% | 1.15% | ||
| 4/1/20 | $510,000 | 2.00% | 1.35% | ||
| 4/1/21 | $515,000 | 3.00% | 1.50% | ||
| 4/1/22 | $535,000 | 3.00% | 0.00% |
L.O.: Dorsey & Whitney, Mendota Heights, MN.
F.A.: Ehlers, Roseville, MN.
Other bidders were:
Northland Securities, TIC 1.2778%
Piper Jaffray, TIC 1.3294%
Robert W. Baird, TIC 1.3332%
Raymond James, TIC 1.4604%
D.A. Davidson, TIC 1.5401%
TENNESSEE
Kingsport (City)
Jan 26, 2015 . . . . . . $17,695,000
General Obligation Refunding Bonds, Series 2015 (book entry).
Dated Feb 6, 2015.
Due Mar 1, 2016 to 2028.
Callable Mar 1, 2025 at 101.000%, declining to par Mar 1, 2026.
Winning bid: UBS Financial Svcs, at 113.0419, TIC 2.1218%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 3/1/16 | $145,000 | 2.00% | 0.35% | ||
| 3/1/17 | $150,000 | 3.00% | 0.60% | ||
| 3/1/19 | $160,000 | 3.00% | 1.00% | ||
| 3/1/20 | $1,220,000 | 4.00% | 1.15% | ||
| 3/1/21 | $1,100,000 | 4.00% | 1.35% | ||
| 3/1/22 | $1,145,000 | 4.00% | 1.55% | ||
| 3/1/23 | $2,300,000 | 4.00% | 1.75% | ||
| 3/1/24 | $2,390,000 | 4.00% | 1.90% | ||
| 3/1/25 | $2,485,000 | 4.00% | 2.00% | ||
| 3/1/26 | $2,580,000 | 4.00% | 2.15% | ||
| 3/1/27 | $2,695,000 | 3.00% | 2.30% | ||
| 3/1/28 | $1,325,000 | 3.00% | 2.40% |
L.O.: Adams & Reese LLP, Nashville, TN.
F.A.: Raymond James & Associates, Inc., Nashville, TN; and Raymond James & Associates, Inc., Memphis, TN.
Other bidders were:
Fidelity Capital, TIC 2.1298%
Mesirow Financial, TIC 2.1539%
Hutchinson Shockey, TIC 2.154%
Robert W. Baird, TIC 2.1619%
BMO Cap Mkts GKST, TIC 2.166%
FirstSouthwest, TIC 2.1713%
JPMorgan, TIC 2.1794%
BA Merrill Lynch, TIC 2.2056%
Piper Jaffray, TIC 2.3014%
WISCONSIN
Chilton School District
Jan 26, 2015 . . . . . . $6,395,000
General Obligation Refunding Bonds (bank qualified) (book entry).
Dated Feb 17, 2015.
Due Apr 1, 2016 to 2020.
Non-callable.
Winning bid: Raymond James, at 103.0000, TIC 0.9631%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 4/1/16 | $1,225,000 | 1.00% | 0.25% | ||
| 4/1/17 | $1,250,000 | 2.00% | 0.50% | ||
| 4/1/18 | $1,280,000 | 2.00% | 0.70% | ||
| 4/1/19 | $1,305,000 | 2.00% | 0.90% | ||
| 4/1/20 | $1,335,000 | 2.00% | 1.10% |
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: Robert W. Baird & Co., Inc., Milwaukee, WI.
Other bidders were:
Hutchinson Shockey, TIC 1.0254%
BOSC, TIC 1.0305%
Piper Jaffray, TIC 1.0678%
Fifth Third Secs, TIC 1.0892%
FTN Fin Cap Mkts, TIC 1.1148%
UMB Bank, TIC 1.1168%
Vining-Sparks IBG, TIC 1.1386%
William Blair, TIC 1.1518%
BMO Cap Mkts GKST, TIC 1.1749%
Wells Fargo Secs, TIC 1.1937%
Oregon School District
Jan 26, 2015 . . . . . . $54,600,000
General Obligation School Improvement Bonds, Series 2015 (book entry).
Dated Mar 2, 2015.
Due Sep 1, 2015 to Mar 1, 2035.
Callable Mar 1, 2025 at par.
Winning bid: BA Merrill Lynch, at n/a, TIC 2.8389%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 9/1/15 | $4,155,000 | 4.00% | 0.12% | ||
| 3/1/16 | $380,000 | 4.00% | 0.18% | ||
| 3/1/17 | $485,000 | 4.00% | 0.49% | ||
| 3/1/18 | $585,000 | 4.00% | 0.73% | ||
| 3/1/19 | $1,700,000 | 3.00% | 0.94% | ||
| 3/1/20 | $1,740,000 | 4.00% | 1.15% | ||
| 3/1/21 | $2,420,000 | 3.00% | 1.39% | ||
| 3/1/22 | $2,510,000 | 4.00% | 1.58% | ||
| 3/1/23 | $2,590,000 | 2.50% | 1.85% | ||
| 3/1/24 | $2,655,000 | 2.50% | 2.00% | ||
| 3/1/25 | $2,730,000 | 3.00% | 2.13% | ||
| 3/1/26 | $2,830,000 | 4.00% | 2.28% | ||
| 3/1/27 | $2,925,000 | 2.70% | 2.66% | ||
| 3/1/28 | $3,005,000 | 2.85% | 2.82% | ||
| 3/1/29 | $3,095,000 | 3.00% | 2.93% | ||
| 3/1/30 | $3,190,000 | 3.05% | 3.02% | ||
| 3/1/31 | $3,290,000 | 3.00% | 3.07% | ||
| 3/1/32 | $3,390,000 | 3.00% | 3.12% | ||
| 3/1/33 | $3,505,000 | 3.75% | 3.16% | ||
| 3/1/34 | $3,640,000 | 3.75% | 3.20% | ||
| 3/1/35 | $3,780,000 | 3.75% | 3.24% |
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: PMA Securities, Inc., Milwaukee, WI.
Other bidders were:
Raymond James, TIC 2.8407%
Wells Fargo Secs, TIC 2.8566%
Piper Jaffray, TIC 2.8758%
William Blair, TIC 2.8839%
Hutchinson Shockey, TIC 2.9181%
Robert W. Baird, TIC 2.9181%
Mesirow Financial, TIC 3.0082%
West Allis- West Milwaukee School District, et al
Jan 26, 2015 . . . . . . $4,260,000
General Obligation Refunding Bonds, Series 2015B (bank qualified) (book entry).
Dated Feb 26, 2015.
Due Apr 1, 2016 to 2020.
Non-callable.
Winning bid: Piper Jaffray, at 104.8924, TIC 0.951%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 4/1/16 | $1,195,000 | 3.00% | 0.40% | ||
| 4/1/17 | $1,230,000 | 3.00% | 0.65% | ||
| 4/1/18 | $1,265,000 | 3.00% | 0.85% | ||
| 4/1/19 | $280,000 | 3.00% | 1.05% | ||
| 4/1/20 | $290,000 | 3.00% | 1.25% |
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: Springsted Incorporated, St. Paul, MN.
Other bidders were:
UMB Bank, TIC 0.9609%
BOSC, TIC 1.0383%
Robert W. Baird, TIC 1.1186%
TAXABLE ISSUES
WISCONSIN
West Allis- West Milwaukee School District, et al
Jan 26, 2015 . . . . . . $9,880,000
Taxable General Obligation Refunding Bonds, Series 2015A (book entry).
Dated Feb 26, 2015.
Due Apr 1, 2016 to 2026.
Callable Apr 1, 2024 at par.
Winning bid: Robert W. Baird, at 101.1648, TIC 2.6877%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 4/1/16 | $245,000 | 2.00% | 0.80% | ||
| 4/1/17 | $935,000 | 2.00% | 1.10% | ||
| 4/1/18 | $980,000 | 2.00% | 1.50% | ||
| 4/1/19 | $770,000 | 2.00% | 1.70% | ||
| 4/1/20 | $815,000 | 3.00% | 2.00% | ||
| 4/1/21 | $870,000 | 3.00% | 2.25% | ||
| 4/1/22 | $930,000 | 3.00% | 2.40% | ||
| 4/1/23 | $985,000 | 3.00% | 2.65% | ||
| 4/1/24 | $1,050,000 | 3.00% | 2.80% | ||
| 4/1/25 | $1,115,000 | 3.00% | 3.00% | ||
| 4/1/26 | $1,185,000 | 3.10% | 3.10% |
Other managers: CL King & Associates, Coastal Securities Corp., SAMCO Capital Markets, Loop Capital Markets, LLC, Cronin & Co., Inc., WNJ Capital, Crews & Associates, Inc., Vining-Sparks IBG, Limited Partnership, Davenport & Company LLC, CastleOak Securities, L.P., Duncan-Williams, Inc., Bernardi Securities, Inc., Ross, Sinclaire & Associates LLC, Northland Securities, Inc., Country Club Bank, Alamo Capital, Dougherty & Company LLC, Incapital LLC, Oppenheimer & Co., Inc., R. Seelaus & Co., Inc., FTN Financial Capital Markets, SumRidge Partners, LLC, Central States Capital Markets, LLC, UMB Bank, N.A..
L.O.: Quarles & Brady, Milwaukee, WI.
F.A.: Springsted Incorporated, St. Paul, MN.
Other bidders were:
BOSC, TIC 2.6901%
Raymond James, TIC 2.6976%
Piper Jaffray, TIC 2.9017%
