Puerto Rico biggest muni issuer, BofA top underwriter so far in 2014

July 1 Tue Jul 1, 2014 2:47pm EDT

July 1 (Reuters) - Fiscally troubled Puerto Rico was the biggest issuer of bonds in the U.S. municipal market in the first half of 2014 with a $3.5 billion bond sale in March, according to Thomson Reuters data on Tuesday.

Bank of America Merrill Lynch was the top senior underwriter of muni debt with 178 deals totaling $19.3 billion. Overall issuance of debt by states, cities, schools and others totaled $143.5 billion, a 15.7 percent drop from the same period in 2013.

(Reporting By Karen Pierog; Editing by Chizu Nomiyama)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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