| MINIMUM-TAX BONDS FIRST HALF | 2012 Volume in millions | Number of issues | 2011 Volume in millions | Number of issues | Change from prior period |
|---|---|---|---|---|---|
| First Quarter | 1,094.60 | 20 | 763.5 | 18 | 43.4 |
| Second Quarter | 3,401.90 | 39 | 2,350.70 | 26 | 44.7 |
| Development | 15.9 | 2 | 10.4 | 1 | 52.9 |
| Education | 492 | 6 | 596.4 | 6 | -17.5 |
| Electric Power | 23.7 | 2 | 22.5 | 1 | 5.3 |
| Environmental Facilities | 148.3 | 5 | 84.3 | 3 | 75.9 |
| Health Care | 0 | 0 | 0 | 0 | n.m. |
| Housing | 614.2 | 16 | 98.1 | 6 | 526.1 |
| Public Facilities | 0 | 0 | 0 | 0 | n.m. |
| Transportation | 3,158.60 | 23 | 2,093.70 | 24 | 50.9 |
| Utilities | 26.9 | 2 | 208.8 | 3 | -87.1 |
| General Purpose | 16.9 | 3 | 0 | 0 | n.m. |
| New-Money | 2,319.20 | 28 | 666.2 | 12 | 248.1 |
| Refunding | 1,854.10 | 25 | 2,005.30 | 28 | -7.5 |
| Combined | 323.2 | 6 | 442.6 | 4 | -27.0 |
| Negotiated | 3,901.50 | 55 | 2,839.10 | 38 | 37.4 |
| Competitive | 595 | 4 | 258.1 | 4 | 130.5 |
| Private Placements | 0 | 0 | 17.1 | 2 | -100.0 |
| Revenue | 4,471.50 | 55 | 2,842.60 | 37 | 57.3 |
| General Obligation | 25 | 4 | 271.6 | 7 | -90.8 |
| Fixed-Rate | 4,406.50 | 55 | 3,109.30 | 43 | 41.7 |
| Variable-Rate (Short Put) | 90 | 4 | 5 | 1 | 1700 |
| Variable-Rate (Long/No Put) | 0 | 0 | 0 | 0 | n.m. |
| Zero-Coupon | 0 | 0 | 0 | 0 | n.m. |
| Linked-Rate | 0 | 0 | 0 | 0 | n.m. |
| Auction-Rate | 0 | 0 | 0 | 0 | n.m. |
| Convertible | 0 | 0 | 0 | 0 | n.m. |
| Bond Insurance | 29.4 | 2 | 30 | 2 | -2.0 |
| Letters of Credit | 15 | 2 | 5 | 1 | 200 |
| Standby Purchase Agreements | 0 | 0 | 0 | 0 | n.m. |
| Insured Mortgages | 0 | 0 | 50.4 | 1 | -100.0 |
| Guaranties | 171.3 | 2 | 0 | 0 | n.m. |
| State Governments | 5.9 | 1 | 168.1 | 3 | -96.5 |
| State Agencies | 2,521.10 | 30 | 1,015.20 | 16 | 148.3 |
| Counties & Parishes | 225.3 | 2 | 139.2 | 2 | 61.9 |
| Cities & Towns | 704.1 | 9 | 956.7 | 10 | -26.4 |
| Districts | 16.2 | 1 | 179.7 | 1 | -91.0 |
| Local Authorities | 1,023.90 | 16 | 641.8 | 10 | 59.5 |
| Colleges & Universities | 0 | 0 | 6.4 | 1 | -100.0 |
| Direct Issuers | 0 | 0 | 7.2 | 1 | -100.0 |
| Tribal Governments | 0 | 0 | 0 | 0 | n.m. |
| Cooperative Utilities | 0 | 0 | 0 | 0 | n.m. |
| Bank-Qualified | 0 | 0 | 3.1 | 1 | -100.0 |
| Build America Bonds | 0 | 0 | 0 | 0 | n.m. |
| Qualified Sch Construction | 0 | 0 | 0 | 0 | n.m. |
| Other Stimulus | 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)
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