COLORADO
Boulder Valley School District No. RE-2
Mar 16, 2017 . . . . . . $93,740,000
General Obligation Refunding Bonds, Series 2017B (book entry).
Dated Apr 4, 2017.
Due Dec 1, 2018 to 2028.
Callable Jun 1, 2027 at par.
Winning bid: Morgan Stanley, at 107.9673, TIC 2.4451%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 12/1/18 | $5,745,000 | 3.00% | 1.02% | ||
| 12/1/19 | $11,340,000 | 2.00% | 1.32% | ||
| 12/1/20 | $7,445,000 | 2.00% | 1.60% | ||
| 12/1/21 | $7,595,000 | 4.00% | 1.70% | ||
| 12/1/22 | $7,900,000 | 3.00% | 2.05% | ||
| 12/1/23 | $8,135,000 | 4.00% | 2.20% | ||
| 12/1/24 | $8,450,000 | 4.00% | 2.39% | ||
| 12/1/25 | $8,765,000 | 4.00% | 2.52% | ||
| 12/1/26 | $9,105,000 | 4.00% | 2.62% | ||
| 12/1/27 | $9,450,000 | 4.00% | 2.73% | ||
| 12/1/28 | $9,810,000 | 4.00% | 2.81% |
Other managers: Raymond James & Associates, Inc., Fidelity Capital Markets, Jefferies LLC, FTN Financial Capital Markets, UBS Financial Services, Inc., KeyBanc Capital Markets, Ramirez & Co., Inc..
L.O.: Sherman & Howard L.L.C., Denver, CO.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Denver, CO; Ehlers, Denver, CO; FirstSouthwest, a Division of Hilltop Securities Inc., Phoenix, AZ; and Ehlers, Roseville, MN.
Other bidders were:
BA Merrill Lynch, TIC 2.4479%
JPMorgan, TIC 2.4692%
Piper Jaffray, TIC 2.5012%
Boulder Valley School District No. RE-2
Mar 16, 2017 . . . . . . $190,000,000
General Obligation Bonds, Series 2017A (book entry).
Dated Apr 4, 2017.
Due Dec 1, 2029 to 2047.
Callable Jun 1, 2027 at par.
Winning bid: Morgan Stanley, at 115.3061, TIC 3.9603%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 12/1/29 | $9,975,000 | 5.25% | 2.82% | ||
| 12/1/30 | $10,485,000 | 5.25% | 2.87% | ||
| 12/1/31 | $11,015,000 | 5.00% | 2.94% | ||
| 12/1/32 | $11,510,000 | 5.00% | 3.02% | ||
| 12/1/33 | $2,945,000 | 5.00% | 3.09% | ||
| 12/1/34 | $3,055,000 | 5.00% | 3.15% | ||
| 12/1/35 | $8,590,000 | 5.00% | 3.20% | ||
| 12/1/36 | $9,020,000 | 5.00% | 3.24% | ||
| 12/1/37 | $9,470,000 | 5.00% | 3.26% | ||
| 12/1/38 | $9,940,000 | 5.00% | 3.27% | ||
| 12/1/42 | $45,005,000 | 5.00% | 3.34% | ||
| 12/1/47 | $58,990,000 | 5.00% | 3.39% |
Other managers: Raymond James & Associates, Inc., Fidelity Capital Markets, Jefferies LLC, FTN Financial Capital Markets, UBS Financial Services, Inc., KeyBanc Capital Markets, Ramirez & Co., Inc..
L.O.: Sherman & Howard L.L.C., Denver, CO.
F.A.: FirstSouthwest, a Division of Hilltop Securities Inc., Denver, CO; Ehlers, Denver, CO; FirstSouthwest, a Division of Hilltop Securities Inc., Phoenix, AZ; and Ehlers, Roseville, MN.
Other bidders were:
JPMorgan, TIC 3.9712%
BA Merrill Lynch, TIC 3.9795%
NEW YORK
Empire State Development Corporation
Mar 16, 2017 . . . . . . $242,400,000
New York State Urban Development Corporation State Personal Income Tax Revenue Bonds, (General Purpose), Series 2017A, Group C (book entry).
Dated Mar 23, 2017.
Due Mar 15, 2034 to 2047.
Callable Mar 15, 2027 at par.
Winning bid: Morgan Stanley, at 111.4143, TIC 3.9461%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 3/15/34 | $41,810,000 | 5.00% | 3.27% | ||
| 3/15/35 | $43,890,000 | 5.00% | 3.32% | ||
| 3/15/36 | $46,080,000 | 5.00% | 3.37% | ||
| 3/15/37 | $48,400,000 | 5.00% | 3.39% | ||
| 3/15/38 | $26,410,000 | 5.00% | 3.40% | ||
| 3/15/39 | $8,795,000 | 3.50% | 3.599% | ||
| 3/15/40 | $2,960,000 | 3.625% | 3.69% | ||
| 3/15/41 | $3,065,000 | 3.625% | 3.72% | ||
| 3/15/43 | $6,470,000 | 3.75% | 3.873% | ||
| 3/15/47 | $14,520,000 | 4.00% | 3.81% |
Other managers: Raymond James & Associates, Inc., Fidelity Capital Markets, FTN Financial Capital Markets, UBS Financial Services, Inc., Gates Capital Corp..
L.O.: Hawkins, Delafield & Wood, New York, NY; and Law Offices of Joseph C. Reid, PA, New York, NY.
F.A.: Public Resources Advisory Group, New York, NY; and Rockfleet Financial Services, Inc., New York, NY.
Other bidders were:
BA Merrill Lynch, TIC 3.9513%
Citigroup, TIC 3.9553%
Wells Fargo Secs, TIC 3.9575%
JPMorgan, TIC 3.9697%
RBC Capital Mkts, TIC 3.9762%
Goldman Sachs, TIC 3.9883%
Jefferies, TIC 4.0101%
Empire State Development Corporation
Mar 16, 2017 . . . . . . $244,150,000
New York State Urban Development Corporation State Personal Income Tax Revenue Bonds, (General Purpose), Series 2017A, Group B (book entry).
Dated Mar 23, 2017.
Due Mar 15, 2028 to 2033.
Callable Mar 15, 2027 at par.
Winning bid: Jefferies, at 116.9039, TIC 3.4065%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 3/15/28 | $49,900,000 | 5.00% | 2.79% | ||
| 3/15/29 | $45,995,000 | 5.00% | 2.87% | ||
| 3/15/30 | $34,405,000 | 5.00% | 2.95% | ||
| 3/15/31 | $36,125,000 | 5.00% | 3.04% | ||
| 3/15/32 | $37,915,000 | 5.00% | 3.12% | ||
| 3/15/33 | $39,810,000 | 5.00% | 3.19% |
L.O.: Hawkins, Delafield & Wood, New York, NY; and Law Offices of Joseph C. Reid, PA, New York, NY.
F.A.: Public Resources Advisory Group, New York, NY; and Rockfleet Financial Services, Inc., New York, NY.
Other bidders were:
RBC Capital Mkts, TIC 3.4152%
BA Merrill Lynch, TIC 3.4174%
Morgan Stanley, TIC 3.4312%
Citigroup, TIC 3.4337%
JPMorgan, TIC 3.4367%
Goldman Sachs, TIC 3.4478%
Barclays Capital, TIC 3.4797%
Empire State Development Corporation
Mar 16, 2017 . . . . . . $321,410,000
New York State Urban Development Corporation State Personal Income Tax Revenue Bonds, (General Purpose), Series 2017A, Group A (book entry).
Dated Mar 23, 2017.
Due Mar 15, 2019 to 2027.
Non-callable.
Winning bid: JPMorgan, at 116.9464, TIC 2.3743%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 3/15/19 | $1,695,000 | 5.00% | 1.13% | ||
| 3/15/20 | $22,990,000 | 5.00% | 1.35% | ||
| 3/15/21 | $31,245,000 | 5.00% | 1.54% | ||
| 3/15/22 | $28,695,000 | 5.00% | 1.78% | ||
| 3/15/23 | $26,040,000 | 5.00% | 2.03% | ||
| 3/15/24 | $47,345,000 | 5.00% | 2.25% | ||
| 3/15/25 | $49,705,000 | 5.00% | 2.41% | ||
| 3/15/26 | $50,135,000 | 5.00% | 2.56% | ||
| 3/15/27 | $63,560,000 | 5.00% | 2.70% |
In association with: Hilltop Securities Inc., Estrada Hinojosa & Company, Inc.
In association with: Academy Securities Inc., SL Hare Capital
L.O.: Hawkins, Delafield & Wood, New York, NY; and Law Offices of Joseph C. Reid, PA, New York, NY.
F.A.: Public Resources Advisory Group, New York, NY; and Rockfleet Financial Services, Inc., New York, NY.
Other bidders were:
Citigroup, TIC 2.3788%
Wells Fargo Secs, TIC 2.3813%
Jefferies, TIC 2.3856%
BA Merrill Lynch, TIC 2.3887%
Morgan Stanley, TIC 2.3913%
Goldman Sachs, TIC 2.3952%
RBC Capital Mkts, TIC 2.4108%
Barclays Capital, TIC 2.4659%
TAXABLE ISSUES
MICHIGAN
Tuscola County
Mar 16, 2017 . . . . . . $2,475,000
Pension Obligation Bonds, Series 2017 (Tuscola County Health Department) (Federally Taxable- General Obligation Limited Tax) (book entry).
Dated Apr 1, 2017.
Due Dec 1, 2017 to 2034.
Callable Dec 1, 2023 at par.
Winning bid: J.J.B. Hilliard, at 99.2444, TIC 3.6214%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 12/1/17 | $100,000 | 3.00% | 1.40% | ||
| 12/1/18 | $100,000 | 3.00% | 1.60% | ||
| 12/1/19 | $100,000 | 3.00% | 1.80% | ||
| 12/1/20 | $100,000 | 3.00% | 2.00% | ||
| 12/1/21 | $115,000 | 3.00% | 2.25% | ||
| 12/1/22 | $120,000 | 3.00% | 2.50% | ||
| 12/1/23 | $125,000 | 3.00% | 2.70% | ||
| 12/1/24 | $125,000 | 3.00% | 2.85% | ||
| 12/1/25 | $140,000 | 3.00% | 3.00% | ||
| 12/1/26 | $145,000 | 3.00% | 3.15% | ||
| 12/1/27 | $150,000 | 3.25% | 3.30% | ||
| 12/1/28 | $150,000 | 3.50% | 3.45% | ||
| 12/1/29 | $155,000 | 3.50% | 3.60% | ||
| 12/1/30 | $155,000 | 3.75% | 3.75% | ||
| 12/1/32 | $335,000 | 3.75% | 3.90% | ||
| 12/1/34 | $360,000 | 4.00% | 4.00% |
L.O.: Clark Hill P.L.C., Detroit, MI.
F.A.: Municipal Financial Consultants, Inc., Detroit, MI.
Other bidders were:
Fifth Third Secs, TIC 3.836%
Northland Securities, TIC 3.8438%
BOK Fin Secs, TIC 3.8726%
Robert W. Baird, TIC 3.919%
NEW YORK
Empire State Development Corporation
Mar 16, 2017 . . . . . . $516,090,000
New York State Urban Development Corporation State Personal Income Tax Revenue Bonds, (General Purpose), Series 2017B, Group B (Federally Taxable) (book entry).
Dated Mar 23, 2017.
Due Mar 15, 2023 to 2028.
Non-callable.
Winning bid: Morgan Stanley, at 99.7586, TIC 3.0893%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 3/15/23 | $112,455,000 | 2.67% | 2.67% | ||
| 3/15/24 | $95,450,000 | 2.86% | 2.86% | ||
| 3/15/25 | $98,205,000 | 3.12% | 3.12% | ||
| 3/15/26 | $103,290,000 | 3.17% | 3.17% | ||
| 3/15/27 | $95,685,000 | 3.27% | 3.27% | ||
| 3/15/28 | $11,005,000 | 3.42% | 3.42% |
Other managers: Raymond James & Associates, Inc..
L.O.: Hawkins, Delafield & Wood, New York, NY; and Law Offices of Joseph C. Reid, PA, New York, NY.
F.A.: Public Resources Advisory Group, New York, NY; and Rockfleet Financial Services, Inc., New York, NY.
Other bidders were:
RBC Capital Mkts, TIC 3.2888%
Goldman Sachs, TIC 3.2917%
BA Merrill Lynch, TIC 3.2957%
Wells Fargo Secs, TIC 3.3%
Citigroup, TIC 3.362%
JPMorgan, TIC 3.4199%
Empire State Development Corporation
Mar 16, 2017 . . . . . . $518,615,000
New York State Urban Development Corporation State Personal Income Tax Revenue Bonds, (General Purpose), Series 2017B, Group A (Federally Taxable) (book entry).
Dated Mar 23, 2017.
Due Mar 15, 2018 to 2022.
Non-callable.
Winning bid: JPMorgan, at 99.7490, TIC 2.1862%.
| Due | Amount | Cpn | Yield | Conc | Ins |
|---|---|---|---|---|---|
| 3/15/22 | $518,615,000 | 2.10% | 2.10% |
In association with: Hilltop Securities Inc., Estrada Hinojosa & Company, Inc.
In association with: Academy Securities Inc..
L.O.: Hawkins, Delafield & Wood, New York, NY; and Law Offices of Joseph C. Reid, PA, New York, NY.
F.A.: Public Resources Advisory Group, New York, NY; and Rockfleet Financial Services, Inc., New York, NY.
Other bidders were:
Citigroup, TIC 2.2944%
Goldman Sachs, TIC 2.3283%
RBC Capital Mkts, TIC 2.3562%
Wells Fargo Secs, TIC 2.382%
Jefferies, TIC 2.4115%
BA Merrill Lynch, TIC 2.417%
Morgan Stanley, TIC 2.4583%
