Reuters logo
Citigroup top muni underwriter so far in 201: data
July 1, 2011 / 7:47 PM / in 6 years

Citigroup top muni underwriter so far in 201: data

CHICAGO (Reuters) - Citigroup (C.N) was the top bookrunning underwriter of U.S. municipal bonds in the first half of 2011, according to Thomson Reuters data on Friday.

<p>A taxi passes a Citibank branch in Singapore January 21, 2009. REUTERS/Alywin Chew</p>

Citi, which ranked fourth among underwriters in the first quarter of 2011, handled 165 deals totaling nearly $15.3 billion to take the top spot, followed by J.P. Morgan Securities (JPM.N), which was the lead underwriter on 159 deals, totaling $14.3 billion.

Illinois remained the top issuer of muni debt so far this year after it sold $3.7 billion of taxable pension bonds in February, the data showed. The New York City Transitional Finance Authority was the second biggest issuer with nearly $2.7 billion of debt sold in six deals.

Total issuance of $114.7 billion in the first six months of the year marked a 43.8 percent slump from the same period in 2010. However, second-quarter issuance of $68 billion was up 18.6 percent over the first-quarter total of $46.7 billion, Thomson Reuters reported.

Reporting by Karen Pierog, editing by Gary Crosse

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below