Variable-Rate Bonds - First Half 2012

VARIABLE-RATE
FIRST HALF
2012
Volume in millions
 
Number of issues
2011
Volume in millions
 
Number of issues
 
Change from prior period
TOTAL $5,428.2 93 $5,187.7 104 +4.6
First Quarter 1,718.3 26 1,412.1 31 +21.7
Second Quarter 3,709.9 67 3,775.6 73 -1.7
Development 577.9 8 635.1 14 -9.0
Education 503.4 18 740.4 16 -32.0
Electric Power 474.0 4 110.9 3 +327.4
Environmental Facilities 269.4 6 80.5 3 +234.7
Health Care 655.5 14 2,630.9 45 -75.1
Housing 902.2 20 371.0 10 +143.2
Public Facilities 160.4 2 10.4 1 +1442.3
Transportation 165.6 4 161.4 3 +2.6
Utilities 457.8 6 380.7 5 +20.3
General Purpose 1,261.9 11 66.5 4 +1797.6
Tax-Exempt 5,272.9 83 4,581.0 95 +15.1
Taxable 90.2 7 601.8 8 -85.0
Minimum-Tax 65.0 3 5.0 1 +1200.0
New-Money 3,892.8 69 2,288.4 57 +70.1
Refunding 1,252.6 16 1,827.8 32 -31.5
Combined 282.8 8 1,071.5 15 -73.6
Negotiated 5,317.6 82 4,409.8 82 +20.6
Competitive 0.0 0 0.0 0 n.m.
Private Placements 110.5 11 777.9 22 -85.8
Revenue 4,259.9 81 5,008.9 100 -15.0
General Obligation 1,168.3 12 178.8 4 +553.4
Bond Insurance 0.0 0 396.1 4 -100.0
Letters of Credit 3,714.2 61 3,215.3 63 +15.5
Standby Purchase Agreements 767.5 8 762.6 10 +0.6
Insured Mortgages 45.2 2 50.1 4 -9.8
Guaranties 293.6 5 100.0 1 +193.6
State Governments 0.0 0 164.4 3 -100.0
State Agencies 2,122.9 36 2,209.2 52 -3.9
Counties & Parishes 100.0 1 115.0 3 -13.0
Cities & Towns 1,098.5 12 85.9 4 +1178.8
Districts 433.0 8 549.5 8 -21.2
Local Authorities 1,450.5 29 1,712.8 30 -15.3
Colleges & Universities 219.7 6 351.0 4 -37.4
Direct Issuers 3.6 1 0.0 0 n.m.
Tribal Governments 0.0 0 0.0 0 n.m.
Cooperative Utilities 0.0 0 54.6 2 -100.0
Bank-Qualified 9.4 1 38.8 7 -75.8
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)

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