Utilities FIRST HALF | 2012 Volume in millions | Number of issues | 2011 Volume in millions | Number of issues | Change from prior period |
---|---|---|---|---|---|
TOTAL | $24,934.0 | 989 | $11,657.7 | 568 | +113.9 |
First Quarter | 11,697.6 | 452 | 4,598.5 | 237 | +154.4 |
Second Quarter | 13,236.4 | 537 | 7,059.2 | 331 | +87.5 |
Water & Sewer | 23,337.4 | 877 | 10,435.4 | 479 | +123.6 |
Gas | 661.0 | 8 | 77.6 | 6 | +751.8 |
Telephone | 18.2 | 5 | 67.9 | 7 | -73.2 |
Sanitation | 96.1 | 47 | 215.0 | 35 | -55.3 |
Flood Control | 128.9 | 16 | 147.6 | 15 | -12.7 |
Combined Utilities | 692.4 | 36 | 714.3 | 26 | -3.1 |
Tax-Exempt | 23,675.1 | 935 | 11,186.1 | 546 | +111.6 |
Taxable | 1,232.1 | 52 | 262.8 | 19 | +368.8 |
Minimum-Tax | 26.9 | 2 | 208.8 | 3 | -87.1 |
New-Money | 8,988.4 | 321 | 5,259.0 | 314 | +70.9 |
Refunding | 10,604.5 | 569 | 3,638.8 | 203 | +191.4 |
Combined | 5,341.3 | 99 | 2,760.0 | 51 | +93.5 |
Negotiated | 19,878.5 | 739 | 9,763.8 | 374 | +103.6 |
Competitive | 4,994.2 | 238 | 1,801.2 | 181 | +177.3 |
Private Placements | 61.3 | 12 | 92.7 | 13 | -33.9 |
Revenue | 21,817.5 | 574 | 10,011.1 | 303 | +117.9 |
General Obligation | 3,116.5 | 415 | 1,646.6 | 265 | +89.3 |
Fixed-Rate | 23,873.1 | 975 | 10,738.6 | 554 | +122.3 |
Variable-Rate (Short Put) | 457.8 | 6 | 380.7 | 5 | +20.3 |
Variable-Rate (Long/No Put) | 188.1 | 2 | 65.9 | 1 | +185.4 |
Zero-Coupon | 30.1 | 17 | 1.2 | 4 | +2408.3 |
Linked-Rate | 385.0 | 5 | 471.3 | 8 | -18.3 |
Auction-Rate | 0.0 | 0 | 0.0 | 0 | n.m. |
Convertible | 0.0 | 0 | 0.0 | 0 | n.m. |
Bond Insurance | 1,677.9 | 200 | 1,149.1 | 134 | +46.0 |
Letters of Credit | 93.8 | 2 | 85.8 | 2 | +9.3 |
Standby Purchase Agreements | 350.0 | 2 | 200.0 | 2 | +75.0 |
Insured Mortgages | 0.0 | 0 | 0.0 | 0 | n.m. |
Guaranties | 89.3 | 11 | 21.0 | 6 | +325.2 |
State Governments | 168.6 | 6 | 312.5 | 2 | -46.0 |
State Agencies | 5,196.7 | 49 | 1,818.5 | 24 | +185.8 |
Counties & Parishes | 1,072.5 | 43 | 591.4 | 22 | +81.3 |
Cities & Towns | 7,150.8 | 407 | 3,022.7 | 242 | +136.6 |
Districts | 3,889.7 | 325 | 1,869.7 | 177 | +108.0 |
Local Authorities | 7,454.8 | 158 | 4,025.6 | 99 | +85.2 |
Colleges & Universities | 0.0 | 0 | 0.0 | 0 | n.m. |
Direct Issuers | 0.9 | 1 | 4.2 | 1 | -78.6 |
Tribal Governments | 0.0 | 0 | 0.0 | 0 | n.m. |
Cooperative Utilities | 0.0 | 0 | 13.2 | 1 | -100.0 |
Bank-Qualified | 2,127.1 | 587 | 1,136.6 | 335 | +87.1 |
Build America Bonds | 0.0 | 0 | 0.0 | 0 | n.m. |
Qualified Sch Construction | 0.0 | 0 | 0.0 | 0 | n.m. |
Other Stimulus | 0.0 | 0 | 0.0 | 0 | n.m. |
Key to Abbreviations: cpt – competitive; GOs – general obligation bonds; ref – refunding.
Source: Thomson Reuters (using data available as of July 14, 2012)