Health Care Bonds
FIRST HALF
2012
Volume in millions
 
Number of issues
2011
Volume in millions
 
Number of issues
 
Change from prior period
TOTAL $15,825.9 223 $11,406.2 180 +38.7
First Quarter 3,412.1 72 4,581.3 65 –25.5
Second Quarter 12,413.8 151 6,824.9 115 +81.9
General Acute-Care Hospitals 12,954.1 155 9,686.8 136 +33.7
Single-Speciality Hospitals 376.0 4 226.2 3 +66.2
Pediatric Hospitals 654.3 5 100.0 1 +554.3
Hospital Equipment Loans 0.0 0 26.0 3 –100.0
General Medical 554.2 10 987.0 15 –43.9
Continuing Care 1,072.0 32 172.5 8 +521.4
Nursing Homes 124.7 10 38.0 3 +228.2
Life Care/Retirement 90.7 7 169.9 11 –46.6
Tax-Exempt 15,719.5 208 11,062.1 173 +42.1
Taxable 106.4 15 344.1 7 –69.1
Minimum-Tax 0.0 0 0.0 0 n.m.
New-Money 5,195.5 93 4,967.6 81 +4.6
Refunding 5,623.9 87 2,789.0 49 +101.6
Combined 5,006.6 43 3,649.6 50 +37.2
Negotiated 15,620.7 202 10,049.3 145 +55.4
Competitive 77.7 13 166.6 8 –53.4
Private Placements 127.5 8 1,190.2 27 –89.3
Revenue 15,414.8 187 11,066.9 158 +39.3
General Obligation 411.1 36 339.3 22 +21.2
Fixed-Rate 14,469.1 198 7,555.1 126 +91.5
Variable-Rate (Short Put) 655.5 14 2,630.9 45 –75.1
Variable-Rate (Long/No Put) 129.2 5 525.7 3 –75.4
Zero-Coupon 0.0 0 0.5 1 –100.0
Linked-Rate 572.1 6 694.0 7 –17.6
Auction-Rate 0.0 0 0.0 0 n.m.
Convertible 0.0 0 0.0 0 n.m.
Bond Insurance 172.2 6 234.8 5 –26.7
Letters of Credit 425.5 10 1,759.6 27 –75.8
Standby Purchase Agreements 0.0 0 385.0 6 –100.0
Insured Mortgages 21.9 2 100.5 5 –78.2
Guaranties 98.4 3 0.0 0 n.m.
State Governments 825.1 4 0.0 0 n.m.
State Agencies 7,786.2 72 6,186.3 84 +25.9
Counties & Parishes 1,465.0 29 1,087.3 15 +34.7
Cities & Towns 1,121.3 29 977.5 15 +14.7
Districts 462.0 15 291.7 15 +58.4
Local Authorities 3,861.7 68 2,508.0 47 +54.0
Colleges & Universities 230.8 4 301.0 2 –23.3
Direct Issuers 73.9 2 54.4 2 +35.8
Tribal Governments 0.0 0 0.0 0 n.m.
Cooperative Utilities 0.0 0 0.0 0 n.m.
Bank-Qualified 151.2 33 90.1 21 +67.8
Build America Bonds 0.0 0 893.8 14 –100.0
Qualified Sch Construction 0.0 0 0.0 0 n.m.
Other Stimulus 16.2 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)

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