Transportation Deals - First Half 2012

Transportation
FIRST HALF
2012
Volume in millions
 
Number of issues
2011
Volume in millions
 
Number of issues
 
Change from prior period
TOTAL $22,623.0 242 $13,596.9 202 +66.4
First Quarter 7,854.0 95 2,980.6 74 +163.5
Second Quarter 14,769.0 147 10,616.3 128 +39.1
Airports 4,353.6 42 3,683.7 53 +18.2
Seaports 161.0 12 927.7 15 -82.6
Toll Roads, Hwys & Streets 8,679.5 125 4,712.3 104 +84.2
Bridges 741.1 3 238.5 3 +210.7
Tunnels 195.6 1 0.0 0 n.m.
Parking Facilities 267.8 14 370.6 7 -27.7
Mass Transportation 8,224.5 45 3,664.1 20 +124.5
Other Transportation 0.0 0 0.0 0 n.m.
Tax-Exempt 18,694.8 204 10,645.1 161 +75.6
Taxable 769.6 15 858.1 17 -10.3
Minimum-Tax 3,158.6 23 2,093.7 24 +50.9
New-Money 9,120.2 117 7,279.5 107 +25.3
Refunding 9,534.6 92 4,415.8 70 +115.9
Combined 3,968.2 33 1,901.6 25 +108.7
Negotiated 16,307.8 165 10,782.6 142 +51.2
Competitive 6,204.6 73 2,339.3 49 +165.2
Private Placements 110.6 4 475.0 11 -76.7
Revenue 18,034.8 125 10,479.4 94 +72.1
General Obligation 4,588.2 117 3,117.5 108 +47.2
Fixed-Rate 21,949.9 233 12,746.8 194 +72.2
Variable-Rate (Short Put) 165.6 4 161.4 3 +2.6
Variable-Rate (Long/No Put) 0.0 0 169.0 3 -100.0
Zero-Coupon 0.0 0 65.1 2 -100.0
Linked-Rate 507.4 5 324.8 2 +56.2
Auction-Rate 0.0 0 0.0 0 n.m.
Convertible 0.0 0 129.8 1 -100.0
Bond Insurance 287.9 12 145.6 9 +97.7
Letters of Credit 165.6 4 9.0 1 +1740.0
Standby Purchase Agreements 0.0 0 0.0 0 n.m.
Insured Mortgages 0.0 0 0.0 0 n.m.
Guaranties 149.6 2 715.3 5 -79.1
State Governments 3,209.7 15 1,133.3 6 +183.2
State Agencies 11,784.8 52 4,616.8 26 +155.3
Counties & Parishes 1,327.3 37 500.0 23 +165.5
Cities & Towns 1,964.2 87 2,919.1 89 -32.7
Districts 20.1 4 206.1 8 -90.2
Local Authorities 4,316.9 47 4,211.5 48 +2.5
Colleges & Universities 0.0 0 0.0 0 n.m.
Direct Issuers 0.0 0 10.1 2 -100.0
Tribal Governments 0.0 0 0.0 0 n.m.
Cooperative Utilities 0.0 0 0.0 0 n.m.
Bank-Qualified 194.4 79 144.2 67 +34.8
Build America Bonds 0.0 0 0.0 0 n.m.
Qualified Sch Construction 0.0 0 0.0 0 n.m.
Other Stimulus 17.9 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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