KENTUCKY: Full Year

2000 1999

Volume No. of Volume No. of Pct.

($000s) Issues ($000s) Issues Chg TOTAL $2,896,20 170 $2,983,000 202 -2.9 First Quarter 477,200 33 776,200 48 -38.5 Second Quarter 660,600 61 581,800 73 13.5 Third Quarter 1,112,800 39 771,400 38 44.3 Fourth Quarter 645,600 37 853,600 43 -24.4 Development 63,800 12 227,400 17 -71.9 Education 609,900 74 597,600 86 2.1 Electric Power 3,300 1 900 1 266.7 Environmental 156,600 5 62,900 4 149 Health Care 555,300 6 338,400 14 64.1 Housing 178,000 10 274,400 15 -35.1 Public Facilities 270,200 24 170,000 19 58.9 Transportation 299,600 7 234,200 5 27.9 Utilities 154,700 14 438,700 15 -64.7 General Purpose 604,800 17 638,500 26 -5.3 Tax-Exempt 2,325,300 143 2,444,500 175 -4.9 Minimum-Tax 403,100 19 425,400 19 -5.2 Taxable 167,800 8 113,100 8 48.4 New-Money 1,727,600 148 2,273,500 151 -24.0 Refunding 963,200 16 280,500 36 243.4 Combined 205,400 6 429,000 15 -52.1 Negotiated 1,978,400 59 1,882,500 65 5.1 Competitive 907,200 108 1,052,200 129 -13.8 Private Placements 10,600 3 48,300 8 -78.1 Revenue 2,694,700 148 2,723,500 170 -1.1 General Obligation 201,500 22 259,500 32 -22.4 Fixed-Rate 1,800,300 136 1,601,600 168 12.4 Variable-Rate (Short 512,800 30 1,275,200 30 -59.8 Variable-Rate (Long/ 0 0 3,000 1 -100.0 Zero-Coupon 349,800 2 7,100 1 4,826.80 Linked-Rate 233,300 3 96,100 3 142.8 Bank-Qualified 260,800 80 340,500 110 -23.4 Bond Insurance 973,500 33 935,800 30 4 Letters of Credit 431,200 26 783,600 26 -45.0 Insured Mortgages 7,600 4 3,200 1 137.5 State Agencies 1,529,000 23 1,528,500 30 unch Municipalities 1,010,400 118 1,106,300 144 -8.7 Local Authorities 304,200 24 326,000 25 -6.7 Public Colleges 52,700 5 22,200 3 137.4 Private placements and municipal forwards are included, but short-term notes and remarketings are excluded. n.m. - not meaningful; unch - unchanged. Source: Thomson Financial Securities Data (1/13/01)