| Refunding Bonds FIRST HALF | 2012 Volume in millions | Number of issues | 2011 Volume in millions | Number of issues | Change from prior period |
|---|---|---|---|---|---|
| TOTAL | $86,044.1 | 3,440 | $35,075.0 | 1,495 | +145.3 |
| First Quarter | 36,917.1 | 1,715 | 14,214.7 | 633 | +159.7 |
| Second Quarter | 49,127.1 | 1,725 | 20,860.2 | 862 | +135.5 |
| Development | 2,368.3 | 38 | 488.1 | 17 | +385.2 |
| Education | 25,298.6 | 1,513 | 12,728.0 | 636 | +98.8 |
| Electric Power | 2,913.8 | 52 | 2,665.4 | 37 | +9.3 |
| Environmental Facilities | 644.1 | 17 | 285.9 | 6 | +125.3 |
| Health Care | 5,623.9 | 87 | 2,789.0 | 49 | +101.6 |
| Housing | 1,065.9 | 28 | 224.0 | 15 | +375.8 |
| Public Facilities | 2,306.8 | 141 | 558.1 | 64 | +313.3 |
| Transportation | 9,534.6 | 92 | 4,415.8 | 70 | +115.9 |
| Utilities | 10,604.5 | 569 | 3,638.8 | 203 | +191.4 |
| General Purpose | 25,683.8 | 903 | 7,281.8 | 398 | +252.7 |
| Tax-Exempt | 80,739.7 | 3,189 | 29,405.7 | 1,384 | +174.6 |
| Taxable | 3,450.3 | 226 | 3,663.9 | 83 | 5.8 |
| Minimum-Tax | 1,854.1 | 25 | 2,005.3 | 28 | 7.5 |
| Negotiated | 72,030.9 | 2,547 | 27,942.4 | 1,136 | +157.8 |
| Competitive | 13,445.7 | 852 | 5,412.7 | 305 | +148.4 |
| Private Placements | 567.6 | 41 | 1,719.8 | 54 | 67.0 |
| Revenue | 47,730.4 | 1,034 | 22,503.9 | 467 | +112.1 |
| General Obligation | 38,313.8 | 2,406 | 12,571.1 | 1,028 | +204.8 |
| Fixed-Rate | 82,494.1 | 3,391 | 28,668.0 | 1,427 | +187.8 |
| Variable-Rate (Short Put) | 1,252.6 | 16 | 1,827.8 | 32 | 31.5 |
| Variable-Rate (Long/No Put) | 610.9 | 9 | 982.1 | 11 | 37.8 |
| Zero-Coupon | 236.8 | 125 | 59.6 | 66 | +297.3 |
| Linked-Rate | 1,336.8 | 13 | 3,512.9 | 23 | 61.9 |
| Auction-Rate | 0.0 | 0 | 0.0 | 0 | n.m. |
| Convertible | 113.0 | 4 | 24.7 | 1 | +357.5 |
| Bond Insurance | 3,961.6 | 375 | 2,321.8 | 167 | +70.6 |
| Letters of Credit | 870.6 | 8 | 1,246.3 | 18 | 30.1 |
| Standby Purchase Agreements | 186.4 | 3 | 177.6 | 2 | +5.0 |
| Insured Mortgages | 15.3 | 1 | 104.2 | 5 | 85.3 |
| Guaranties | 7,899.1 | 623 | 4,310.5 | 236 | +83.3 |
| Other Enhancements | 3.4 | 1 | 0.0 | 0 | n.m. |
| State Governments | 10,357.3 | 53 | 2,728.7 | 17 | +279.6 |
| State Agencies | 22,611.1 | 199 | 8,933.2 | 101 | +153.1 |
| Counties & Parishes | 4,949.4 | 256 | 1,676.8 | 94 | +195.2 |
| Cities & Towns | 14,396.4 | 954 | 5,714.3 | 456 | +151.9 |
| Districts | 19,914.3 | 1,592 | 8,154.7 | 637 | +144.2 |
| Local Authorities | 11,647.7 | 300 | 6,211.8 | 164 | +87.5 |
| Colleges & Universities | 1,937.7 | 78 | 425.1 | 17 | +355.8 |
| Direct Issuers | 177.6 | 6 | 1,217.3 | 8 | 85.4 |
| Tribal Governments | 0.0 | 0 | 0.0 | 0 | n.m. |
| Cooperative Utilities | 52.7 | 2 | 13.2 | 1 | +299.2 |
| Bank-Qualified | 8,123.2 | 1,856 | 3,192.4 | 848 | +154.5 |
| Build America Bonds | 0.0 | 0 | 0.0 | 0 | n.m. |
| Qualified Sch Construction | 0.0 | 0 | 0.0 | 0 | n.m. |
| Other Stimulus | 31.5 | 2 | 1.9 | 1 | +1557.9 |
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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