Largest Environmental Bonds
FIRST HALF
2012
Volume in millions
 
Number of issues
2011
Volume in millions
 
Number of issues
 
Change from prior period
TOTAL $1,262.2 30 $699.6 23 +80.4
First Quarter 270.3 8 530.1 14 –49.0
Second Quarter 991.9 22 169.5 9 +485.2
Pollution Control 1,050.9 16 567.0 11 +85.3
Solid Waste Disposal 208.8 13 132.6 12 +57.5
Recycling 2.5 1 0.0 0 n.m.
Tax-Exempt 1,084.8 24 615.3 20 +76.3
Taxable 29.1 1 0.0 0 n.m.
Minimum-Tax 148.3 5 84.3 3 +75.9
New-Money 539.1 12 410.1 16 +31.5
Refunding 644.1 17 285.9 6 +125.3
Combined 79.0 1 3.5 1 +2157.1
Negotiated 1,195.0 24 572.2 17 +108.8
Competitive 19.1 4 61.5 4 –68.9
Private Placements 48.1 2 65.9 2 –27.0
Revenue 1,180.7 28 683.2 20 +72.8
General Obligation 81.5 2 16.4 3 +397.0
Fixed-Rate 772.8 20 373.4 16 +107.0
Variable-Rate (Short Put) 269.4 6 80.5 3 +234.7
Variable-Rate (Long/No Put) 220.1 4 245.7 4 –10.4
Zero-Coupon 0.0 0 0.0 0 n.m.
Linked-Rate 0.0 0 0.0 0 n.m.
Auction-Rate 0.0 0 0.0 0 n.m.
Convertible 0.0 0 0.0 0 n.m.
Bond Insurance 0.0 0 0.0 0 n.m.
Letters of Credit 182.4 3 25.0 2 +629.6
Standby Purchase Agreements 0.0 0 0.0 0 n.m.
Insured Mortgages 0.0 0 0.0 0 n.m.
Guaranties 48.3 3 198.1 2 –75.6
State Governments 0.0 0 0.0 0 n.m.
State Agencies 498.0 7 80.6 3 +517.9
Counties & Parishes 2.5 1 66.4 5 –96.2
Cities & Towns 63.3 4 291.5 4 –78.3
Districts 4.4 1 1.2 1 +266.7
Local Authorities 694.1 17 259.8 10 +167.2
Colleges & Universities 0.0 0 0.0 0 n.m.
Direct Issuers 0.0 0 0.0 0 n.m.
Tribal Governments 0.0 0 0.0 0 n.m.
Cooperative Utilities 0.0 0 0.0 0 n.m.
Bank-Qualified 13.0 4 14.1 7 –7.8
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)

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.