MASSACHUSETTS
Bolton (Town)
May 31, 2016 . . . . . . $1,129,401
General Obligation Bond Anticipation Notes (new and renewal) (bank qualified).
Dated Jun 10, 2016.
Due Jun 9, 2017.
Purchased $1,129,400.00 by Century Bk, at 0.8%, effective rate 0.8%.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Boston, MA.
Other bidders were:
UniBank Fiscal Adv, Effective Rate 0.85%
Eastern Bk Cap Mkts, Effective Rate 0.85%
Hamilton-Wenham Regional School District
May 31, 2016 . . . . . . $1,843,682
General Obligation Bond Anticipation Notes (new money and renewal) (bank qualified).
Dated Jun 24, 2016.
Due Oct 20, 2016.
Purchased $1,843,680.00 by Eastern Bk Cap Mkts, at 1.25%, plus $2,411.00, effective rate 0.8442%.
L.O.: Locke Lord LLP, Boston, MA.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Boston, MA.
Other bidders were:
Century Bk, Effective Rate 0.95%
Needham (Town)
May 31, 2016 . . . . . . $6,645,000
General Obligation Refunding Bonds (Unlimited Tax) (book entry).
Dated Jun 16, 2016.
Due Aug 1, 2016 to 2027.
Non-callable.
Winning bid: JPMorgan, at 115.2165, TIC 1.3821%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 8/1/16 | $140,000 | 2.00% | 0.50% | ||
| 8/1/19 | $940,000 | 4.00% | 0.90% | ||
| 8/1/20 | $930,000 | 4.00% | 1.02% | ||
| 8/1/21 | $915,000 | 4.00% | 1.14% | ||
| 8/1/22 | $910,000 | 4.00% | 1.26% | ||
| 8/1/23 | $900,000 | 4.00% | 1.38% | ||
| 8/1/24 | $890,000 | 4.00% | 1.48% | ||
| 8/1/25 | $400,000 | 4.00% | 1.60% | ||
| 8/1/26 | $390,000 | 4.00% | 1.73% | ||
| 8/1/27 | $230,000 | 4.00% | 1.85% |
In association with: Estrada Hinojosa & Company, Inc..
In association with: Academy Securities Inc..
L.O.: Locke Lord LLP, Boston, MA.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Boston, MA.
Other bidders were:
Janney Montgomery, TIC 1.3871%
Fidelity Capital, TIC 1.3889%
FTN Fin Cap Mkts, TIC 1.3898%
UBS Financial Svcs, TIC 1.4201%
Robert W. Baird, TIC 1.4488%
Needham (Town)
May 31, 2016 . . . . . . $9,285,000
General Obligation Bond Anticipation Notes Series B (new money).
Dated Jun 16, 2016.
Due Jan 18, 2017.
Purchased $9,285,000.00 by TD Securities, at 2.0%, plus $71,215.95, effective rate 0.6975%.
L.O.: Locke Lord LLP, Boston, MA.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Boston, MA.
Other bidders were:
Eastern Bk Cap Mkts, Effective Rate 0.698%
Century Bk, Effective Rate 0.85%
Jefferies, Effective Rate 0.886%
Oppenheimer, Effective Rate 0.9511%
Scituate (Town)
May 31, 2016 . . . . . . $5,720,000
General Obligation Bond Anticipation Notes (new money).
Dated Jun 17, 2016.
Due Feb 3, 2017.
Purchased $5,720,000.00 by TD Securities, at 2.0%, plus $45,302.40, effective rate 0.7384%.
L.O.: Locke Lord LLP, Boston, MA.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Boston, MA.
Other bidders were:
Eastern Bk Cap Mkts, Effective Rate 0.744%
Century Bk, Effective Rate 0.8575%
Jefferies, Effective Rate 1.0872%
Oppenheimer, Effective Rate 1.1122%
Waltham (City)
May 31, 2016 . . . . . . $17,109,200
General Obligation Bond Anticipation Notes (new money and renewal).
Dated Jun 24, 2016.
Due Jun 21, 2017.
Purchased $5,109,200.00 by TD Securities, at 2.25%, plus $70,302.59, effective rate 0.8624%.
Purchased $5,000,000.00 by Century Bk, at 1.0%, plus $7,500.00, effective rate 0.8487%.
Purchased $7,000,000.00 by Jefferies, at 2.0%, plus $81,207.00, effective rate 0.8302%.
L.O.: Locke Lord LLP, Boston, MA.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Boston, MA.
Other bidders were:
TD Securities, Effective Rate 0.8624%
Oppenheimer, Effective Rate 0.8857%
Jefferies, Effective Rate 0.8998%
Eastern Bk Cap Mkts, Effective Rate 0.903%
MICHIGAN
Ann Arbor (City)
May 31, 2016 . . . . . . $19,280,000
Sewage Disposal System Revenue Refunding Bonds, Series 2016 (book entry).
Dated Jun 22, 2016.
Due Jul 1, 2017 to 2030.
Callable Jul 1, 2026 at par.
Winning bid: Robert W. Baird, at 100.4035, TIC 2.0676%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 7/1/17 | $390,000 | 2.00% | 0.70% | ||
| 7/1/18 | $405,000 | 2.00% | 0.80% | ||
| 7/1/19 | $1,340,000 | 2.00% | 0.95% | ||
| 7/1/20 | $1,375,000 | 2.00% | 1.09% | ||
| 7/1/21 | $1,390,000 | 2.00% | 1.22% | ||
| 7/1/22 | $1,425,000 | 2.00% | 1.35% | ||
| 7/1/23 | $1,485,000 | 2.00% | 1.48% | ||
| 7/1/24 | $1,540,000 | 2.00% | 1.63% | ||
| 7/1/25 | $1,575,000 | 2.00% | 1.76% | ||
| 7/1/26 | $1,600,000 | 2.00% | 1.90% | ||
| 7/1/27 | $1,620,000 | 2.00% | 2.10% | ||
| 7/1/28 | $1,695,000 | 2.125% | 2.30% | ||
| 7/1/29 | $1,715,000 | 2.25% | 2.45% | ||
| 7/1/30 | $1,725,000 | 2.50% | 2.60% |
Other managers: CL King & Associates, Ross, Sinclaire & Associates LLC, Edward Jones, Fidelity Capital Markets, WNJ Capital, SAMCO Capital Markets, Coastal Securities Corp., Northland Securities, Inc., SumRidge Partners, LLC, Davenport & Company LLC, Crews & Associates, Inc., Loop Capital Markets, LLC, R. Seelaus & Co., Inc., Oppenheimer & Co., Inc., Vining-Sparks IBG, Limited Partnership, Alamo Capital, Sierra Pacific Securities, J.J.B. Hilliard, W.L. Lyons, Inc., Wedbush Securities Inc., UMB Bank, N.A.., Bank of New York Mellon Capital Markets, LLC, IFS Securities, First Empire Securities, Rafferty Capital Markets LLC, W.H. Mell Associates, Inc., Midland Securities Ltd, Wayne Hummer & Co., Bernardi Securities, Inc..
L.O.: Dykema Gossett PLLC, Bloomfield Hills, MI.
F.A.: Public Financial Management, Inc., Ann Arbor, MI.
Other bidders were:
Stifel Nicolaus, TIC 2.2024%
JPMorgan, TIC 2.2472%
Mesirow Financial, TIC 2.2717%
Hutchinson Shockey, TIC 2.3024%
KeyBanc Cap Mkts, TIC 2.315%
Hilltop Securities, TIC 2.3378%
NEW JERSEY
Beverly (City)
May 31, 2016 . . . . . . $935,605
Bond Anticipation Notes of 2016, Series A (bank qualified).
Dated Jun 9, 2016.
Due Jun 8, 2017.
Purchased $935,610.00 by Oppenheimer, at 2.0%, plus $735.00, effective rate 1.9212%.
L.O.: Parker, McCay, P.A., Mount Laurel, NJ.
F.A.: Municipal Official(s).
NEW YORK
Greene Central School District
May 31, 2016 . . . . . . $882,844
Bond Anticipation Notes, 2015 (bank qualified).
Dated Jun 10, 2016.
Due Jun 9, 2017.
Purchased $882,840.00 by JPMorgan Chase, at 1.19%, effective rate 1.19%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
Roosevelt & Cross, Effective Rate 1.3392%
NBT Bank, Effective Rate 1.38%
Oppenheimer, Effective Rate 1.511%
Bank of Greene Co, Effective Rate 1.97%
Marathon Village
May 31, 2016 . . . . . . $880,000
Bond Anticipation Notes, 2016 (bank qualified).
Dated Jun 9, 2016.
Due Jun 8, 2017.
Purchased $880,000.00 by NBT Bank, at 1.33%, effective rate 1.33%.
L.O.: Hodgson, Russ LLP, Buffalo, NY.
F.A.: Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
Roosevelt & Cross, Effective Rate 1.7887%
Bank of Greene Co, Effective Rate 1.95%
Oppenheimer, Effective Rate 1.9551%
Phoenix Village
May 31, 2016 . . . . . . $73,500
Public Improvement (Serial) Bonds, 2016 (bank qualified).
Dated Jun 9, 2016.
Due Mar 15, 2017 to 2021.
Non-callable.
Winning bid: Bank of Greene Co, at n/a, NIC 2.8828%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 3/15/17 | $13,500 | 1.00% | NRO | ||
| 3/15/18 | $15,000 | 1.55% | NRO | ||
| 3/15/19 | $15,000 | 2.55% | NRO | ||
| 3/15/20 | $15,000 | 3.00% | NRO | ||
| 3/15/21 | $15,000 | 3.75% | NRO |
L.O.: Trespasz & Marquardt, LLP, Syracuse, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
NBT Bank, NIC 3.2%
Roosevelt & Cross, NIC 3.9875%
Wheatland Chili Central School District
May 31, 2016 . . . . . . $4,485,000
School District (Serial) Bonds, 2016 (bank qualified) (book entry).
Dated Jun 15, 2016.
Due Jun 15, 2017 to 2030.
Callable Jun 15, 2024 at par.
Winning bid: PNC Capital Markets, at 100.1493, NIC 2.0772%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 6/15/17 | $280,000 | 2.00% | 0.70% | BAM | |
| 6/15/18 | $285,000 | 2.00% | 0.90% | BAM | |
| 6/15/19 | $290,000 | 2.00% | 1.00% | BAM | |
| 6/15/20 | $295,000 | 2.00% | 1.15% | BAM | |
| 6/15/21 | $300,000 | 2.00% | 1.26% | BAM | |
| 6/15/22 | $310,000 | 2.00% | 1.35% | BAM | |
| 6/15/23 | $315,000 | 2.00% | 1.45% | BAM | |
| 6/15/24 | $320,000 | 2.00% | 1.55% | BAM | |
| 6/15/25 | $330,000 | 2.00% | 1.70% | BAM | |
| 6/15/26 | $335,000 | 2.125% | 1.80% | BAM | |
| 6/15/27 | $345,000 | 2.125% | 2.00% | BAM | |
| 6/15/28 | $350,000 | 2.125% | 2.15% | BAM | |
| 6/15/29 | $360,000 | 2.125% | 2.25% | BAM | |
| 6/15/30 | $370,000 | 2.25% | 2.35% | BAM |
L.O.: Harris Beach PLLC, Rochester, NY.
F.A.: Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
SunTrust Robinson, NIC 2.0833%
Robert W. Baird, NIC 2.1131%
Roosevelt & Cross, NIC 2.1256%
Wilson Central School District
May 31, 2016 . . . . . . $3,380,000
School District Serial Bonds, 2016 (bank qualified) (book entry).
Dated Jun 15, 2016.
Due Jun 15, 2017 to 2031.
Callable Jun 15, 2024 at par.
Winning bid: Roosevelt & Cross, at 100.5705, NIC 2.0646%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 6/15/17 | $200,000 | 2.00% | 0.65% | BAM | |
| 6/15/18 | $205,000 | 2.00% | 0.80% | BAM | |
| 6/15/19 | $210,000 | 2.00% | 1.00% | BAM | |
| 6/15/20 | $215,000 | 2.00% | 1.07% | BAM | |
| 6/15/21 | $220,000 | 2.00% | 1.17% | BAM | |
| 6/15/22 | $225,000 | 2.00% | 1.27% | BAM | |
| 6/15/23 | $225,000 | 2.00% | 1.37% | BAM | |
| 6/15/24 | $230,000 | 2.00% | 1.47% | BAM | |
| 6/15/25 | $240,000 | 2.00% | 1.60% | BAM | |
| 6/15/26 | $245,000 | 2.00% | 1.72% | BAM | |
| 6/15/27 | $250,000 | 2.00% | 2.00% | BAM | |
| 6/15/28 | $255,000 | 2.125% | 2.125% | BAM | |
| 6/15/29 | $260,000 | 2.25% | 2.25% | BAM | |
| 6/15/30 | $265,000 | 2.375% | 2.375% | BAM | |
| 6/15/31 | $135,000 | 2.50% | 2.50% | BAM |
Other managers: UBS Financial Services, Inc., Ramirez & Co., Inc., Stifel, Nicolaus & Co., Inc., Ross, Sinclaire & Associates LLC, Edward Jones, Intercoastal Capital Markets, Inc..
L.O.: Hodgson, Russ LLP, Buffalo, NY.
F.A.: Municipal Solutions, Inc., Canandaigua, NY.
Other bidders were:
BOSC, NIC 2.0902%
Robert W. Baird, NIC 2.1464%
Wyoming County
May 31, 2016 . . . . . . $5,500,000
Bond Anticipation Notes, 2016 (bank qualified).
Dated Jun 8, 2016.
Due Jun 8, 2017.
Purchased $3,500,000.00 by TD Securities, at 2.25%, plus $38,920.00, effective rate 1.138%.
Purchased $2,000,000.00 by Five Star Bnk, at 1.11%, effective rate 1.11%.
L.O.: Orrick, Herrington & Sutcliffe, New York, NY.
F.A.: Fiscal Advisors & Marketing, Inc., Syracuse, NY.
Other bidders were:
TD Securities, Effective Rate 1.138%
JPMorgan Chase, Effective Rate 1.16%
Jefferies, Effective Rate 1.177%
Oppenheimer, Effective Rate 1.2827%
NORTH CAROLINA
Moore County
May 31, 2016 . . . . . . $42,380,000
General Obligation Refunding Bonds, Series 2016 (book entry).
Dated Jun 21, 2016.
Due Jun 1, 2019 to 2029.
Non-callable.
Winning bid: JPMorgan, at n/a, TIC 1.7698%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 6/1/19 | $2,180,000 | 5.00% | 0.98% | ||
| 6/1/20 | $3,000,000 | 5.00% | 1.12% | ||
| 6/1/21 | $3,505,000 | 5.00% | 1.23% | ||
| 6/1/22 | $4,615,000 | 5.00% | 1.35% | ||
| 6/1/23 | $4,640,000 | 2.00% | 1.49% | ||
| 6/1/24 | $4,520,000 | 2.00% | 1.60% | ||
| 6/1/25 | $4,400,000 | 5.00% | 1.76% | ||
| 6/1/26 | $4,410,000 | 5.00% | 1.88% | ||
| 6/1/27 | $4,420,000 | 5.00% | 2.03% | ||
| 6/1/28 | $4,430,000 | 5.00% | 2.10% | ||
| 6/1/29 | $2,260,000 | 5.00% | 2.15% |
In association with: Estrada Hinojosa & Company, Inc..
In association with: Academy Securities Inc..
L.O.: Womble Carlyle Sandridge & Rice, Raleigh, NC.
F.A.: Davenport & Company LLC, Raleigh, NC; and Local Government Commission, Raleigh, NC.
Other bidders were:
Janney Montgomery, TIC 1.7888%
Piper Jaffray, TIC 1.8004%
Hutchinson Shockey, TIC 1.8049%
Citigroup, TIC 1.8058%
Wells Fargo Secs, TIC 1.807%
Fidelity Capital, TIC 1.8152%
UBS Financial Svcs, TIC 1.8237%
Mesirow Financial, TIC 1.8272%
BA Merrill Lynch, TIC 1.8349%
Robert W. Baird, TIC 1.8375%
SunTrust Robinson, TIC 1.8476%
FTN Fin Cap Mkts, TIC 1.8763%
TEXAS
Rockwall County Consolidated Municipal Utility District No. 1
May 31, 2016 . . . . . . $1,195,000
Unlimited Tax Bonds, Series 2016 (bank qualified) (book entry).
Dated Jun 1, 2016.
Due Oct 1, 2017 to 2030.
Callable Oct 1, 2024 at par.
Winning bid: Hilltop Securities, at 99.8500, NIC 2.3303%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 10/1/17 | $125,000 | 2.00% | 0.90% | NPFGC | |
| 10/1/18 | $115,000 | 2.00% | 1.10% | NPFGC | |
| 10/1/19 | $115,000 | 2.00% | 1.25% | NPFGC | |
| 10/1/20 | $115,000 | 2.00% | 1.35% | NPFGC | |
| 10/1/21 | $110,000 | 2.00% | 1.50% | NPFGC | |
| 10/1/22 | $95,000 | 2.00% | 1.70% | NPFGC | |
| 10/1/23 | $90,000 | 2.00% | 1.90% | NPFGC | |
| 10/1/24 | $90,000 | 2.00% | 2.00% | NPFGC | |
| 10/1/26 | $150,000 | 2.00% | 2.05% | NPFGC | |
| 10/1/30 | $190,000 | 3.00% | 2.40% | NPFGC |
L.O.: Winstead PC, Dallas, TX; and State Attorney General.
F.A.: Robert W. Baird & Co., Inc., Houston, TX.
Other bidders were:
Raymond James, NIC 2.5171%
SAMCO Cap Mkts, NIC 2.5735%
Hutchinson Shockey, NIC 2.8235%
TAXABLE ISSUES
MASSACHUSETTS
Needham (Town)
May 31, 2016 . . . . . . $1,153,860
General Obligation Taxable Bond Anticipation Notes Series A (new money).
Dated Jun 16, 2016.
Due Jun 30, 2016.
Purchased $1,153,860.00 by Century Bk, at 0.75%, effective rate 0.75%.
L.O.: Locke Lord LLP, Boston, MA.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Boston, MA.
Other bidders were:
Oppenheimer, Effective Rate 1.625%
Eastern Bk Cap Mkts, Effective Rate 1.75%
