California, New York lead issuers in 1H volume

The top 10 municipal bond issuers in 2019 have priced slightly more bonds halfway through the year than they did halfway through 2018. Those issuers have amassed $164.76 billion in 4,638 transactions versus $156.19 in 4,310 deals.

California once again topped the list. The State of New York, however, dominated with deal size, as it priced two deals in the top five and five in the top 10 in 2019.

Golden standard
California retained its status as top municipal bond issuer through the first half of the year and is even ahead of last year's issuance pace. The Golden State has brought $5.16 billion so far this year in just five deals — last year at this time it accounted for $4.33 billion in three deals.
DASNY delivers
After finishing as the top issuer in 2018, the Dormitory Authority of the State of New York kept up its pace so far this year. DASNY has amassed $3.38 billion in 16 deals and that compares to $3.17 billion in 12 deals during the first half of 2018.
Richard Branson, Virgin Group founder and British billionaire, poses on a new high speed train in London in 2016.
Florida Development Finance Authority makes biggest jump
The FDFA saw the biggest year-over-year improvement of issuance, to $2.84 billion from $13.7 million.
MTA subway
MTA moving along steadily
The Metropolitan Transport Authority is par for the course so far this year, remaining in fourth, just like they were in the first half of 2018. The MTA has accounted for $2.38 billion, compared to $2.57 billion in the same time last year.
Mass moving up
The Commonwealth of Massachusetts moved up from 12th at this time last year, to fifth place so far in 2019. Under the leadership of Deborah Goldberg, Massachusetts has issued $1.89 billion in eight deals this year, compared to $1.69 billion year-over-year.
SF airport dips down
The San Francisco City & County Airport Commission has issued more so far this year than it did in the first half of 2018, but found itself slightly lower in the rankings. It has issued $1.89 billion versus $1.16 billion.
water from a faucet
NYC waters filling it up
The New York City Municipal Water Finance Authority gained 10 spots in the rankings up to seventh place with $1.85 billion from $1.33 billion.
Wall Street sign
NYC TFA drops two spots
The NYC Transitional Finance Authority saw a dip in first half issuance, causing it to drop to eighth from sixth with $1.60 billion, compared to $2.27 billion.
Empire State of mind
After not coming to market in the first half of 2018, the Empire State Development Corporation came with $1.54 billion in 5 deals thus far this year.
Michigan Finance Authority rounds out top 10
The MFA also saw a huge improvement from how much it issued a year ago, as it was responsible for $1.40 billion so far in 2019, compared to $44.3 million.