NEW HAMPSHIRE: First Half

2003 2002

Volume No. of Volume No. of Pct.

($000s) Issues ($000s) Issues Chg TOTAL $653,500 26 $779,200 28 -16.1 % First Quarter 235,900 6 265,800 11 -11.2 Second Quarter 417,600 20 513,400 17 -18.7 Development 3,600 1 14,600 2 -75.3 Education 193,500 3 274,600 9 -29.5 Environmental Facilities 0 0 20,000 1 -100.0 Health Care 54,100 2 159,000 2 -66.0 Housing 119,900 5 60,000 2 +99.8 Public Facilities 0 0 2,000 1 -100.0 Transportation 0 0 69,700 2 -100.0 General Purpose 282,400 15 179,300 9 +57.5 Tax-Exempt 533,600 21 586,500 21 -9.0 Minimum-Tax 91,400 3 180,700 5 -49.4 Taxable 28,500 2 12,000 2 +137.5 New-Money 403,100 20 724,300 25 -44.3 Refunding 250,400 6 5,900 1 +4,144.1 Combined 0 0 49,000 2 -100.0 Negotiated 487,500 14 611,400 17 -20.3 Competitive 166,000 12 167,800 11 -1.1 Revenue 374,000 12 562,400 14 -33.5 General Obligation 279,500 14 216,800 14 +28.9 Fixed-Rate 423,700 19 478,500 20 -11.5 Variable-Rate (Short Put) 154,800 6 171,100 6 -9.5 Variable-Rate (Long/No) 0 0 4,600 1 -100.0 Linked-Rate 75,000 1 125,000 2 -40.0 Bank-Qualified 17,000 3 23,900 4 -28.9 Bond Insurance 146,900 8 266,000 10 -44.8 Letters of Credit 14,600 2 37,800 4 -61.4 Insured Mortgages 20,900 2 0 0 n.m. Standby Purchase Agreements 0 0 10,000 1 -100.0 State Government 46,800 1 0 0 n.m. State Agencies 533,300 15 575,300 14 -7.3 Municipalities 73,600 10 204,000 14 -63.9 Private placements and municipal forwards are included, but short-term notes and remarketings are excluded. n.m. -- not meaningful; unch -- unchanged. Source: Thomson Financial (7/12/03)