DEVELOPMENT FIRST HALF | 2012 Volume in millions | Number of issues | 2011 Volume in millions | Number of issues | Change from prior period |
---|---|---|---|---|---|
TOTAL | $4,009.3 | 99 | $3,715.9 | 159 | +7.9 |
First Quarter | 1,299.0 | 36 | 1,388.5 | 79 | -6.4 |
Second Quarter | 2,710.3 | 63 | 2,327.4 | 80 | +16.5 |
Economic Development | 2,863.0 | 75 | 2,947.0 | 136 | -2.9 |
Industrial Development | 667.2 | 21 | 571.2 | 15 | +16.8 |
Office Buildings | 479.1 | 3 | 197.7 | 8 | +142.3 |
Tax-Exempt | 3,661.7 | 78 | 3,078.4 | 113 | +18.9 |
Taxable | 331.7 | 19 | 627.1 | 45 | -47.1 |
Minimum-Tax | 15.9 | 2 | 10.4 | 1 | +52.9 |
New-Money | 1,348.3 | 53 | 2,463.3 | 130 | -45.3 |
Refunding | 2,368.3 | 38 | 488.1 | 17 | +385.2 |
Combined | 292.7 | 8 | 764.5 | 12 | -61.7 |
Negotiated | 3,633.8 | 73 | 3,142.5 | 130 | +15.6 |
Competitive | 309.1 | 19 | 434.1 | 18 | -28.8 |
Private Placements | 66.4 | 7 | 139.3 | 11 | -52.3 |
Revenue | 3,518.3 | 68 | 3,201.9 | 135 | +9.9 |
General Obligation | 491.0 | 31 | 514.0 | 24 | -4.5 |
Fixed-Rate | 3,375.1 | 86 | 3,008.8 | 144 | +12.2 |
Variable-Rate (Short Put) | 577.9 | 8 | 635.1 | 14 | -9.0 |
Variable-Rate (Long/No Put) | 3.0 | 1 | 0.0 | 0 | n.m. |
Zero-Coupon | 0.0 | 0 | 56.0 | 5 | -100.0 |
Linked-Rate | 53.3 | 4 | 0.0 | 0 | n.m. |
Auction-Rate | 0.0 | 0 | 0.0 | 0 | n.m. |
Convertible | 0.0 | 0 | 16.0 | 3 | -100.0 |
Bond Insurance | 64.3 | 4 | 71.6 | 2 | -10.2 |
Letters of Credit | 335.3 | 7 | 457.4 | 11 | -26.7 |
Standby Purchase Agreements | 0.0 | 0 | 0.0 | 0 | n.m. |
Insured Mortgages | 0.0 | 0 | 0.0 | 0 | n.m. |
Guaranties | 206.3 | 9 | 204.2 | 5 | +1.0 |
State Governments | 215.1 | 7 | 111.6 | 4 | +92.7 |
State Agencies | 1,828.0 | 13 | 799.4 | 17 | +128.7 |
Counties & Parishes | 97.3 | 4 | 363.1 | 6 | -73.2 |
Cities & Towns | 511.2 | 28 | 318.0 | 26 | +60.8 |
Districts | 132.2 | 10 | 100.1 | 5 | +32.1 |
Local Authorities | 1,195.8 | 36 | 2,023.8 | 101 | -40.9 |
Colleges & Universities | 0.0 | 0 | 0.0 | 0 | n.m. |
Direct Issuers | 0.0 | 0 | 0.0 | 0 | n.m. |
Tribal Governments | 29.7 | 1 | 0.0 | 0 | n.m. |
Cooperative Utilities | 0.0 | 0 | 0.0 | 0 | n.m. |
Bank-Qualified | 115.8 | 22 | 59.5 | 20 | +94.6 |
Build America Bonds | 0.0 | 0 | 0.0 | 0 | n.m. |
Qualified Sch Construction | 0.0 | 0 | 0.0 | 0 | n.m. |
Other Stimulus | 2.4 | 1 | 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)