Insured Bonds
FIRST HALF
2012
Volume in millions
 
Number of issues
2011
Volume in millions
 
Number of issues
 
Change from prior period
TOTAL $7,719.6 699 $6,401.7 544 +20.6
First Quarter 3,669.9 349 2,298.4 202 +59.7
Second Quarter 4,049.7 350 4,103.3 342 –1.3
Development 64.3 4 71.6 2 –10.2
Education 3,169.1 302 2,923.0 231 +8.4
Electric Power 138.2 7 56.6 9 +144.2
Environmental Facilities 0.0 0 0.0 0 n.m.
Health Care 172.2 6 234.8 5 –26.7
Housing 65.8 1 0.0 0 n.m.
Public Facilities 306.1 23 148.4 18 +106.3
Transportation 287.9 12 145.6 9 +97.7
Utilities 1,677.9 200 1,149.1 134 +46.0
General Purpose 1,838.1 144 1,672.7 136 +9.9
Tax-Exempt 7,453.4 674 5,727.9 506 +30.1
Taxable 236.8 23 643.9 36 –63.2
Minimum-Tax 29.4 2 30.0 2 –2.0
New-Money 2,984.0 275 3,183.7 319 –6.3
Refunding 3,961.6 375 2,321.8 167 +70.6
Combined 774.1 49 896.3 58 –13.6
Negotiated 6,263.7 550 5,152.7 400 +21.6
Competitive 1,455.9 149 1,241.0 143 +17.3
Private Placements 0.0 0 8.0 1 –100.0
Revenue 2,859.9 170 3,030.3 159 –5.6
General Obligation 4,859.7 529 3,371.5 385 +44.1
Fixed-Rate 7,636.6 690 5,727.6 530 +33.3
Variable-Rate (Short Put) 0.0 0 396.1 4 –100.0
Variable-Rate (Long/No Put) 0.0 0 0.0 0 n.m.
Zero-Coupon 354.8 35 545.1 35 –34.9
Linked-Rate 0.0 0 150.0 1 –100.0
Auction-Rate 0.0 0 0.0 0 n.m.
Convertible 53.3 6 310.0 14 –82.8
State Governments 547.5 4 424.7 3 +28.9
State Agencies 561.9 26 743.5 25 –24.4
Counties & Parishes 693.5 42 359.8 22 +92.7
Cities & Towns 1,576.3 152 1,088.3 159 +44.8
Districts 3,383.2 398 2,609.1 264 +29.7
Local Authorities 797.7 65 1,152.7 68 –30.8
Colleges & Universities 134.9 11 19.4 2 +595.4
Direct Issuers 24.7 1 4.2 1 +488.1
Tribal Governments 0.0 0 0.0 0 n.m.
Cooperative Utilities 0.0 0 0.0 0 n.m.
Bank-Qualified 2,359.5 434 1,584.4 330 +48.9
Build America Bonds 0.0 0 0.0 0 n.m.
Qualified Sch Construction 6.7 1 125.2 4 –94.6
Other Stimulus 0.0 0 32.3 4 –100.0


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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