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Home My WebLink AboutA005 - Bid Tabe dated October 14, 2025 801 Grand Avenue, Suite 3300 Des Moines, Iowa 50309 (515) 243-2600 RESULTS OF SALE CITY OF AMES, IOWA $13,735,000* General Obligation Corporate Purpose Bonds, Series 2025A AWARD KEYBANC CAPITAL MARKETS SALE DATE: September 23, 2025 DATED DATE: October 14, 2025 RATING: Moody’s Ratings ‘Aa1’ BANK QUALIFIED: No BIDDER ADDRESS YEAR RATE KEYBANC CAPITAL MARKETS Cleveland, Ohio 2026 5.000% Price 2027 5.000% $15,026,634.45* 2028 5.000% 2029 5.000% NIC 2030 5.000% $2,945,660.27* 2031 5.000% 2032 5.000% TIC 2033 5.000% 3.0473%* 2034 5.000% 2035 5.000% 2036 4.000% 2037 4.000% BIDDER ADDRESS YEAR RATE JANNEY MONTGOMERY SCOTT Philadelphia, Pennsylvania 2026 5.000% Price 2027 5.000% $15,011,264.90 2028 5.000% 2029 5.000% NIC 2030 5.000% $2,961,029.82 2031 5.000% 2032 5.000% TIC 2033 5.000% 3.0655% 2034 5.000% 2035 5.000% 2036 4.000% 2037 4.000% * Subsequent to the receipt of bids, the City decreased the aggregate par amount of the Bonds to $12,530,000. The resulting Purchase Price decreased to $13,689,095.85, the True Interest Cost decreased to 3.0464% and the Net Interest Cost decreased to $2,638,181.09. City of Ames, Iowa Page 2 $13,735,000* General Obligation Corporate Purpose Bonds, Series 2025A BIDDER ADDRESS YEAR RATE PIPER SANDLER & CO. Minneapolis, Minnesot 2026 5.000% Price 2027 5.000% $14,989,186.95 2028 5.000% 2029 5.000% NIC 2030 5.000% $2,983,107.77 2031 5.000% 2032 5.000% TIC 2033 5.000% 3.0915% 2034 5.000% 2035 5.000% 2036 4.000% 2037 4.000% BIDDER ADDRESS YEAR RATE ROBERT W. BAIRD & CO., INC. Milwaukee, Wisconsin 2026 5.000% Price C.L. KING & ASSOCIATES, INC. Hoboken, New Jersey 2027 5.000% $14,872,295.00 EDWARD JONES Richmond, Virgini 2028 5.000% COLLIERS SECURITIES LLC Minneapolis, Minnesot 2029 5.000% NIC STIFEL, NICOLAUS & CO., INC. Denver, Colorado 2030 5.000% $2,972,876.39 CREWS & ASSOCIATES, INC. Little Rock, Arkansas 2031 5.000% DAVENPORT & CO. LLC Boston, Massachusetts 2032 5.000% TIC SOUTHSTATE/DUNCAN WILLIAMS Milwaukee, Wisconsin 2033 5.000% 3.1007% BERNARDI SECURITIES, INC. Miami, Florida 2034 5.000% OPPENHEIMER & CO. Minneapolis, Minnesot 2035 4.000% UMB BANK, N.A. Kansas City, Missouri 2036 4.000% CARTY & COMPANY, INC. Memphis, Tennessee 2037 4.000% NORTHLAND SECURITIES Stamford, Connecticut CADZ SECURITIES INC. Fort Lauderdale, Florid D.A. DAVIDSON & CO. Denver, Colorado CELADON FINANCIAL GROUP LLC Denver, Colorado ALLIANCE GLOBAL PARTNERS Richmond, Virgini BOK FINANCIAL SECURITIES, INC. Tulsa, Oklahoma MIDLAND SECURITIES Dallas, Texas FMS BONDS, INC. Alpharetta, Georgi ISAAK BOND INVESTMENTS, INC. New York, New York FIRST SOUTHERN SECURITIES LLC New York, New York MULTI-BANK SECURITIES, INC. Summit, New Jersey DINOSAUR FINANCIAL GROUP Chicago, Illinois FIRST BANKERS’ BANC SECURITIES Chatham, New Jersey MOUNTAINSIDE SECURITIES LLC Summit, New Jersey BLAYLOCK VAN, LLC Oakland, Californi FALCON SQUARE CAPITAL Raleigh, North Carolin CALDWELL SUTTER CAPITAL, INC. Sausalito, Californi ZIONS BANK, division of ZB, N.A. Salt Lake City, Utah City of Ames, Iowa Page 3 $13,735,000* General Obligation Corporate Purpose Bonds, Series 2025A BIDDER ADDRESS YEAR RATE HILLTOP SECURITIES INC. Dallas, Texas 2026 5.000% Price 2027 5.000% $14,969,855.30 2028 5.000% 2029 5.000% NIC 2030 5.000% $3,002,439.42 2031 5.000% 2032 5.000% TIC 2033 5.000% 3.1144% 2034 5.000% 2035 5.000% 2036 4.000% 2037 4.000% BIDDER ADDRESS YEAR RATE THE BAKER GROUP Oklahoma City, Oklahoma 2026 5.000% Price 2027 5.000% $14,968,103.00 2028 5.000% 2029 5.000% NIC 2030 5.000% $3,004,191.72 2031 5.000% 2032 5.000% TIC 2033 5.000% 3.1165% 2034 5.000% 2035 5.000% 2036 4.000% 2037 4.000% BIDDER ADDRESS YEAR RATE STONEX FINANCIAL INC. Winter Park, Florid 2026 5.000% Price 2027 5.000% $14,949,418.30 2028 5.000% 2029 5.000% NIC 2030 5.000% $3,022,876.42 2031 5.000% 2032 5.000% TIC 2033 5.000% 3.1386% 2034 5.000% 2035 5.000% 2036 4.000% 2037 4.000% City of Ames, Iowa Page 4 $13,735,000* General Obligation Corporate Purpose Bonds, Series 2025A BIDDER ADDRESS YEAR RATE TD SECURITIES (USA) LLC New York, New York 2026 5.000% Price 2027 5.000% $14,963,537.30 2028 5.000% 2029 5.000% NIC 2030 5.000% $3,029,910.50 2031 5.000% 2032 5.000% TIC 2033 5.000% 3.1427% 2034 5.000% 2035 5.000% 2036 4.000% 2037 4.125% BIDDER ADDRESS YEAR RATE HUNTINGTON SECURITIES, INC. Chicago, Illinois 2026 5.000% Price 2027 5.000% $14,943,561.15 2028 5.000% 2029 5.000% NIC 2030 5.000% $3,028,733.57 2031 5.000% 2032 5.000% TIC 2033 5.000% 3.1456% 2034 5.000% 2035 5.000% 2036 4.000% 2037 4.000% BIDDER ADDRESS YEAR RATE BROWNSTONE INVESTMENT GRP, LLC New York, New York 2026 5.000% Price 2027 5.000% $14,939,797.20 2028 5.000% 2029 5.000% NIC 2030 5.000% $3,032,497.52 2031 5.000% 2032 5.000% TIC 2033 5.000% 3.1500% 2034 5.000% 2035 5.000% 2036 4.000% 2037 4.000% City of Ames, Iowa Page 5 $13,735,000* General Obligation Corporate Purpose Bonds, Series 2025A BIDDER ADDRESS YEAR RATE MESIROW FINANCIAL, INC. Chicago, Illinois 2026 5.000% Price 2027 5.000% $15,203,714.15 2028 5.000% 2029 5.000% NIC 2030 5.000% $3,085,569.88 2031 5.000% 2032 5.000% TIC 2033 5.000% 3.1518% 2034 5.000% 2035 5.000% 2036 5.000% 2037 5.000% BIDDER ADDRESS YEAR RATE FHN FINANCIAL CAPITAL MARKETS New York, New York 2026 5.000% Price 2027 5.000% $14,929,923.55 2028 5.000% 2029 5.000% NIC 2030 5.000% $3,035,907.98 2031 5.000% 2032 5.000% TIC 2033 5.000% 3.1542% 2034 5.000% 2035 5.000% 2036 4.000% 2037 4.000% BIDDER ADDRESS YEAR RATE LOOP CAPITAL MARKETS LLC New York, New York 2026 5.000% Price 2027 5.000% $15,145,191.69 2028 5.000% 2029 5.000% NIC 2030 5.000% $3,144,092.34 2031 5.000% 2032 5.000% TIC 2033 5.000% 3.2204% 2034 5.000% 2035 5.000% 2036 5.000% 2037 5.000%