MICHIGAN
Livonia Municipal Building Authority
Jan 12, 2017 . . . . . . $19,980,000
Building Authority Refunding Bonds, Series 2017 (Limited Tax General Obligation) (book entry).
Dated Feb 2, 2017.
Due May 1, 2018 to 2030.
Callable May 1, 2027 at par.
Winning bid: Wells Fargo Secs, at 109.8015, TIC 2.699%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 5/1/18 | $1,250,000 | 3.00% | 1.15% | ||
| 5/1/19 | $1,290,000 | 3.00% | 1.40% | ||
| 5/1/20 | $1,330,000 | 3.00% | 1.60% | ||
| 5/1/21 | $1,370,000 | 3.00% | 1.77% | ||
| 5/1/22 | $1,410,000 | 3.00% | 1.95% | ||
| 5/1/23 | $1,455,000 | 3.00% | 2.09% | ||
| 5/1/24 | $1,500,000 | 3.00% | 2.26% | ||
| 5/1/25 | $1,545,000 | 3.00% | 2.36% | ||
| 5/1/26 | $1,600,000 | 4.00% | 2.48% | ||
| 5/1/27 | $1,675,000 | 5.00% | 2.56% | ||
| 5/1/28 | $1,760,000 | 5.00% | 2.69% | ||
| 5/1/29 | $1,850,000 | 5.00% | 2.76% | ||
| 5/1/30 | $1,945,000 | 5.00% | 2.83% |
L.O.: Miller, Canfield, Paddock & Stone, P.L.C., Detroit, MI.
F.A.: PFM Financial Advisors LLC, Ann Arbor, MI.
Other bidders were:
Raymond James, TIC 2.7484%
KeyBanc Cap Mkts, TIC 2.766%
Robert W. Baird, TIC 2.7718%
Stifel Nicolaus, TIC 2.7777%
Fifth Third Secs, TIC 2.7917%
Piper Jaffray, TIC 2.8207%
JPMorgan, TIC 2.8626%
BA Merrill Lynch, TIC 2.9319%
Mesirow Financial, TIC 2.9393%
TEXAS
Clear Lake City Water Authority
Jan 12, 2017 . . . . . . $11,545,000
Waterworks and Sewer System Unlimited Tax and Revenue Bonds, Series 2017 (book entry).
Dated Feb 1, 2017.
Due Mar 1, 2018 to 2038.
Callable Mar 1, 2025 at par.
Winning bid: Fidelity Capital, at 98.6603, NIC 3.1696%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 3/1/18 | $370,000 | 2.00% | 1.06% | NPFGC | |
| 3/1/19 | $385,000 | 2.00% | 1.28% | NPFGC | |
| 3/1/20 | $395,000 | 2.00% | 1.46% | NPFGC | |
| 3/1/21 | $410,000 | 2.00% | 1.65% | NPFGC | |
| 3/1/22 | $430,000 | 2.00% | 1.85% | NPFGC | |
| 3/1/23 | $445,000 | 2.00% | 2.02% | NPFGC | |
| 3/1/24 | $460,000 | 2.00% | 2.17% | NPFGC | |
| 3/1/25 | $480,000 | 3.00% | 2.29% | NPFGC | |
| 3/1/26 | $495,000 | 3.00% | 2.44% | NPFGC | |
| 3/1/27 | $515,000 | 3.00% | 2.62% | NPFGC | |
| 3/1/28 | $535,000 | 3.00% | 2.75% | NPFGC | |
| 3/1/29 | $555,000 | 3.00% | 2.90% | NPFGC | |
| 3/1/30 | $580,000 | 3.00% | 3.00% | NPFGC | |
| 3/1/31 | $600,000 | 3.00% | 3.10% | NPFGC | |
| 3/1/32 | $625,000 | 3.00% | 3.18% | NPFGC | |
| 3/1/33 | $645,000 | 3.125% | 3.25% | NPFGC | |
| 3/1/34 | $670,000 | 3.125% | 3.33% | NPFGC | |
| 3/1/35 | $695,000 | 3.25% | 3.38% | NPFGC | |
| 3/1/36 | $725,000 | 3.25% | 3.42% | NPFGC | |
| 3/1/37 | $750,000 | 3.375% | 3.46% | NPFGC | |
| 3/1/38 | $780,000 | 3.375% | 3.50% | NPFGC |
Other managers: Jefferies LLC, Morgan Stanley & Co., Inc., Raymond James & Associates, Inc..
L.O.: Sanford Kuhl Hagen Kugle Parker Kahn LLP, Houston, TX; and State Attorney General.
F.A.: Robert W. Baird & Co., Inc., Houston, TX.
Other bidders were:
Coastal Securities, NIC 3.2377%
BA Merrill Lynch, NIC 3.2968%
Northland Securities, NIC 3.4836%
