Insured Bonds FIRST HALF | 2012 Volume in millions | Number of issues | 2011 Volume in millions | Number of issues | Change from prior period |
---|---|---|---|---|---|
TOTAL | $7,719.6 | 699 | $6,401.7 | 544 | +20.6 |
First Quarter | 3,669.9 | 349 | 2,298.4 | 202 | +59.7 |
Second Quarter | 4,049.7 | 350 | 4,103.3 | 342 | –1.3 |
Development | 64.3 | 4 | 71.6 | 2 | –10.2 |
Education | 3,169.1 | 302 | 2,923.0 | 231 | +8.4 |
Electric Power | 138.2 | 7 | 56.6 | 9 | +144.2 |
Environmental Facilities | 0.0 | 0 | 0.0 | 0 | n.m. |
Health Care | 172.2 | 6 | 234.8 | 5 | –26.7 |
Housing | 65.8 | 1 | 0.0 | 0 | n.m. |
Public Facilities | 306.1 | 23 | 148.4 | 18 | +106.3 |
Transportation | 287.9 | 12 | 145.6 | 9 | +97.7 |
Utilities | 1,677.9 | 200 | 1,149.1 | 134 | +46.0 |
General Purpose | 1,838.1 | 144 | 1,672.7 | 136 | +9.9 |
Tax-Exempt | 7,453.4 | 674 | 5,727.9 | 506 | +30.1 |
Taxable | 236.8 | 23 | 643.9 | 36 | –63.2 |
Minimum-Tax | 29.4 | 2 | 30.0 | 2 | –2.0 |
New-Money | 2,984.0 | 275 | 3,183.7 | 319 | –6.3 |
Refunding | 3,961.6 | 375 | 2,321.8 | 167 | +70.6 |
Combined | 774.1 | 49 | 896.3 | 58 | –13.6 |
Negotiated | 6,263.7 | 550 | 5,152.7 | 400 | +21.6 |
Competitive | 1,455.9 | 149 | 1,241.0 | 143 | +17.3 |
Private Placements | 0.0 | 0 | 8.0 | 1 | –100.0 |
Revenue | 2,859.9 | 170 | 3,030.3 | 159 | –5.6 |
General Obligation | 4,859.7 | 529 | 3,371.5 | 385 | +44.1 |
Fixed-Rate | 7,636.6 | 690 | 5,727.6 | 530 | +33.3 |
Variable-Rate (Short Put) | 0.0 | 0 | 396.1 | 4 | –100.0 |
Variable-Rate (Long/No Put) | 0.0 | 0 | 0.0 | 0 | n.m. |
Zero-Coupon | 354.8 | 35 | 545.1 | 35 | –34.9 |
Linked-Rate | 0.0 | 0 | 150.0 | 1 | –100.0 |
Auction-Rate | 0.0 | 0 | 0.0 | 0 | n.m. |
Convertible | 53.3 | 6 | 310.0 | 14 | –82.8 |
State Governments | 547.5 | 4 | 424.7 | 3 | +28.9 |
State Agencies | 561.9 | 26 | 743.5 | 25 | –24.4 |
Counties & Parishes | 693.5 | 42 | 359.8 | 22 | +92.7 |
Cities & Towns | 1,576.3 | 152 | 1,088.3 | 159 | +44.8 |
Districts | 3,383.2 | 398 | 2,609.1 | 264 | +29.7 |
Local Authorities | 797.7 | 65 | 1,152.7 | 68 | –30.8 |
Colleges & Universities | 134.9 | 11 | 19.4 | 2 | +595.4 |
Direct Issuers | 24.7 | 1 | 4.2 | 1 | +488.1 |
Tribal Governments | 0.0 | 0 | 0.0 | 0 | n.m. |
Cooperative Utilities | 0.0 | 0 | 0.0 | 0 | n.m. |
Bank-Qualified | 2,359.5 | 434 | 1,584.4 | 330 | +48.9 |
Build America Bonds | 0.0 | 0 | 0.0 | 0 | n.m. |
Qualified Sch Construction | 6.7 | 1 | 125.2 | 4 | –94.6 |
Other Stimulus | 0.0 | 0 | 32.3 | 4 | –100.0 |
Key to Abbreviations: cpt – competitive; GOs – general obligation bonds; ref – refunding.
Source: Thomson Reuters (using data available as of July 14, 2012)