Refunding Bonds FIRST HALF | 2012 Volume in millions | Number of issues | 2011 Volume in millions | Number of issues | Change from prior period |
---|---|---|---|---|---|
TOTAL | $86,044.1 | 3,440 | $35,075.0 | 1,495 | +145.3 |
First Quarter | 36,917.1 | 1,715 | 14,214.7 | 633 | +159.7 |
Second Quarter | 49,127.1 | 1,725 | 20,860.2 | 862 | +135.5 |
Development | 2,368.3 | 38 | 488.1 | 17 | +385.2 |
Education | 25,298.6 | 1,513 | 12,728.0 | 636 | +98.8 |
Electric Power | 2,913.8 | 52 | 2,665.4 | 37 | +9.3 |
Environmental Facilities | 644.1 | 17 | 285.9 | 6 | +125.3 |
Health Care | 5,623.9 | 87 | 2,789.0 | 49 | +101.6 |
Housing | 1,065.9 | 28 | 224.0 | 15 | +375.8 |
Public Facilities | 2,306.8 | 141 | 558.1 | 64 | +313.3 |
Transportation | 9,534.6 | 92 | 4,415.8 | 70 | +115.9 |
Utilities | 10,604.5 | 569 | 3,638.8 | 203 | +191.4 |
General Purpose | 25,683.8 | 903 | 7,281.8 | 398 | +252.7 |
Tax-Exempt | 80,739.7 | 3,189 | 29,405.7 | 1,384 | +174.6 |
Taxable | 3,450.3 | 226 | 3,663.9 | 83 | 5.8 |
Minimum-Tax | 1,854.1 | 25 | 2,005.3 | 28 | 7.5 |
Negotiated | 72,030.9 | 2,547 | 27,942.4 | 1,136 | +157.8 |
Competitive | 13,445.7 | 852 | 5,412.7 | 305 | +148.4 |
Private Placements | 567.6 | 41 | 1,719.8 | 54 | 67.0 |
Revenue | 47,730.4 | 1,034 | 22,503.9 | 467 | +112.1 |
General Obligation | 38,313.8 | 2,406 | 12,571.1 | 1,028 | +204.8 |
Fixed-Rate | 82,494.1 | 3,391 | 28,668.0 | 1,427 | +187.8 |
Variable-Rate (Short Put) | 1,252.6 | 16 | 1,827.8 | 32 | 31.5 |
Variable-Rate (Long/No Put) | 610.9 | 9 | 982.1 | 11 | 37.8 |
Zero-Coupon | 236.8 | 125 | 59.6 | 66 | +297.3 |
Linked-Rate | 1,336.8 | 13 | 3,512.9 | 23 | 61.9 |
Auction-Rate | 0.0 | 0 | 0.0 | 0 | n.m. |
Convertible | 113.0 | 4 | 24.7 | 1 | +357.5 |
Bond Insurance | 3,961.6 | 375 | 2,321.8 | 167 | +70.6 |
Letters of Credit | 870.6 | 8 | 1,246.3 | 18 | 30.1 |
Standby Purchase Agreements | 186.4 | 3 | 177.6 | 2 | +5.0 |
Insured Mortgages | 15.3 | 1 | 104.2 | 5 | 85.3 |
Guaranties | 7,899.1 | 623 | 4,310.5 | 236 | +83.3 |
Other Enhancements | 3.4 | 1 | 0.0 | 0 | n.m. |
State Governments | 10,357.3 | 53 | 2,728.7 | 17 | +279.6 |
State Agencies | 22,611.1 | 199 | 8,933.2 | 101 | +153.1 |
Counties & Parishes | 4,949.4 | 256 | 1,676.8 | 94 | +195.2 |
Cities & Towns | 14,396.4 | 954 | 5,714.3 | 456 | +151.9 |
Districts | 19,914.3 | 1,592 | 8,154.7 | 637 | +144.2 |
Local Authorities | 11,647.7 | 300 | 6,211.8 | 164 | +87.5 |
Colleges & Universities | 1,937.7 | 78 | 425.1 | 17 | +355.8 |
Direct Issuers | 177.6 | 6 | 1,217.3 | 8 | 85.4 |
Tribal Governments | 0.0 | 0 | 0.0 | 0 | n.m. |
Cooperative Utilities | 52.7 | 2 | 13.2 | 1 | +299.2 |
Bank-Qualified | 8,123.2 | 1,856 | 3,192.4 | 848 | +154.5 |
Build America Bonds | 0.0 | 0 | 0.0 | 0 | n.m. |
Qualified Sch Construction | 0.0 | 0 | 0.0 | 0 | n.m. |
Other Stimulus | 31.5 | 2 | 1.9 | 1 | +1557.9 |
Key to Abbreviations: cpt – competitive; GOs – general obligation bonds; ref – refunding.
Source: Thomson Reuters (using data available as of July 14, 2012)