The Bond Buyer articles from January 2005

The Bond Buyer archives from January 2005

Reading the Numbers: Economists See Rising Rates, Fewer Bonds.
January 3, 2005... Higher productivity, a lower unemployment rate, and some payroll gains all helped boost the U.S. economy in 2004, and most economists are predicting only a slight dip in municipal bond volume in 2005. Continuing last year's trend,...

The Digest.
January 3, 2005... The municipal bond market finished higher Thursday and bid-ask spreads narrowed after Treasuries rallied on the back of a weaker-than-expected regional manufacturing report, which showed that the pace of growth slowed in the Midwest. Complete...

Tally for '04: Muni Volume Hits $358.6B: Year Ranks Third On Long-Term Issuance.
January 3, 2005... U.S. state and local governments last year sold roughly $358.55 billion of long-term debt, which is the third highest on record and about $25 billion less than the all-time record of $383.77 billion posted in 2003, according to preliminary data...

Defendants Strike Back in Suit Over $46M St. Louis Ballpark Deal.
January 3, 2005... The leaders of the Coalition Against Public Funding for Stadiums who are named in a lawsuit seeking to protect repayment of St. Louis County's $46 million Cardinals ballpark bond issue fired back last week, charging they've been unfairly...

News In Brief: Jobless Claims Drop 5,000 To 326,000.
January 3, 2005... First-time applications for state unemployment benefits fell by 5,000 to 326,000 in the week ended Dec. 25, according to data released by the U.S. Labor Department last Thursday. The applications figure was higher than the 310,000 claims...

News In Brief: T-Bill Auction to Raise $988M New Cash.
January 3, 2005... The Treasury Department said Thursday it will raise $988 million of new cash at its weekly auction of 91-day and 182-day discount bills today by selling $36 billion to refund $35.012 billion in maturing securities. To be sold are $19...

News In Brief: 15-Day Bills Draw 2.090% High Rate.
January 3, 2005... The Treasury Thursday sold $15 billion 15-day cash management bills, dated Jan. 3, due Jan. 18, 2005 at a 2.090% high tender rate. The bid to cover ratio was 1.99. The coupon equivalent was 2.121%. The price was 99.913. The low bid...

News In Brief: Chicago PMI Falls To 61.2 In Dec.
January 3, 2005... The Chicago Purchasing Manager's Business Barometer slid to 61.2 in December from 65.2 in November, the 19th straight month of expansion, the Purchasing Management Association of Chicago said last week. The data is compiled on a seasonally...

News In Brief: Help-Wanted Ad Index Slips To 36 In Nov.
January 3, 2005... The Conference Board's Help-Wanted Advertising Index dipped one point in November to 36, the board announced last week. In November 2003, the index stood at 38. The board said that over the last three months, help-wanted advertising...

News In Brief: NAPM-NY BCI Rises To 325.5 In Dec.
January 3, 2005... The National Association of Purchasing Management-New York said last Thursday that its Business Conditions Index rose 1.9% in December to 325.5 from 319.3 in November. The BCI is the NAPM-NY's principal gauge of current business activity...

Thursday's Market: Treasuries Rally After Weaker-Than-Expected Regional Report.
January 3, 2005... The municipal bond market finished higher Thursday and bid-ask spreads narrowed after Treasuries rallied on the back of a weaker-than-expected regional manufacturing report, which showed that the pace of growth slowed in the Midwest. With...

S.C. Lawmakers Prepare Development, Highway Measures.
January 3, 2005... South Carolina lawmakers have prefiled several legislative bills to be considered this year that are bond-related measures addressing growth and economic development needs in the state. The legislative session is scheduled to begin Jan. 11....

Oklahoma Sues Chinese Cigarette Maker Over Fund Payments.
January 3, 2005... Oklahoma Attorney General Drew Edmondson last week filed a lawsuit against a Chinese tobacco manufacturer for failing to make payments into a state escrow fund mandated under the 1998 Master Settlement Agreement. While Oklahoma does not...

The Week Ahead: Several New Offerings Await Investors at Start of New Year.
January 3, 2005... Surprisingly, investors will have a fair amount of new issue supply to ring in the 2005 municipal market this week, anchored by a $1.2 billion New Jersey Transportation Trust Fund Authority revenue offering tentatively scheduled for tomorrow or...

Phoenix to Conduct Audit in Wake of Longtime Chief Financial Officer's Suicide.
January 3, 2005... Phoenix City Manager Frank Fairbanks announced last week that the city has initiated an audit of its finance department following the death of longtime chief financial officer Kevin Keogh. "We don't expect to find anything out of the...

Competitive Bond Offerings.
January 3, 2005... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING...

Competitive Note Offerings.
January 3, 2005... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Tuesday, January 4 Merrillville...

Negotiated Note Offerings.
January 3, 2005... ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of January 3 Upper Arlington OH GO Street 3,972 A.G. Edwards --- --- --- --- --- Today Copyright...

Negotiated Bond Offerings.
January 3, 2005... Tentative dates for negotiated sales of $5 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of January 3 Jacksonville Elec Auth FL...

Results of Negotiated Sales.
January 3, 2005... ALABAMA Northport (City) Dec 9, 2004 $7,250,000 General Obligation Warrants, Series 2004 (XL Capital Insured) (bank qualified) (book entry). Dated Dec 1, 2004. Due Mar 1, 2005 to 2021. First coupon Mar 1, 2005. ...

Deal in Focus: Top-Rated Howard County, Md., to Sell $64M of GOs.
January 3, 2005... Howard County, Md., on Wednesday will sell $64 million of general obligation bonds with a natural triple-A rating and a freshly assigned stable outlook from Fitch Ratings. Fitch affirmed its triple-A rating on $578.7 million of the...

NEW JERSEY: Newark Deal.
January 3, 2005... Newark will do an advance refunding of about $63 million of its general obligation and water utility debt in a deal that is expected to come to market sometime this month. Neil Grossman of Goldman Beale, the city's financial adviser, said...

NEW YORK: Growth in N.Y.C.
January 3, 2005... New York City's economy grew in the third quarter of this year, according to a report released last Thursday by city comptroller William Thompson. The city added 8,200 jobs in the third quarter, which represented an annualized growth rate...

NEW YORK: Credit Development.
January 3, 2005... The New York City Industrial Development Agency is seeking letter of credit providers for a new triple tax-exempt pooled bond program. The agency issued a request for proposal last month and the deadline for LOC providers to submit...

PENNSYLVANIA: No More Years!
January 3, 2005... Pittsburgh Mayor Tom Murphy will not seek reelection to a fourth term after his final term in office expires at the end of this year. Craig Kwiecinski, the mayor's spokesman, said Murphy did not have any set plans for the future. ...

RHODE ISLAND: Lifespan Upgraded.
January 3, 2005... Moody's Investors Service upgraded in late December its rating on Lifespan Rhode Island Obligated Group's bonds to Baa1 from Baa2, citing improved financial performance and cash flow generation. The rating action affects about $302 million...

VERMONT: Lyndon Affirmed.
January 3, 2005... Moody's Investors Service last week affirmed the Baa3 rating on Lyndon Institute's $2.6 million of Series 1996 bonds but revised the outlook on the bonds to negative from stable. The outlook revision signals the possibility for a rating...

NEW-ISSUE VOLUME NOTES.
January 3, 2005... The new-issue volume tables are based on information compiled by The Bond Buyer from Thomson Financial's data base on Thursday, Dec. 30, 2004. All figures are preliminary and subject to revision. Long-term bonds have final stated maturities...

LONG-TERM BONDS: January-December.
January 3, 2005... 2004 2003 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $358,551,900 13,276 $383,712,700 15,034 -6.6 % January 20,395,600 843 27,096,700 972 -24.7 February 27,107,800 1,067 30,282,000 1,102...

Gregoire Named Washington Governor.
January 3, 2005... Fifty-eight days after the election, Washington's Secretary of State Sam Reed certified Thursday the results of an unprecedented third vote count that declared Democrat Christine Gregoire the victor over her Republican gubernatorial opponent by...

BOND SALES BY STATE: January-December.
January 3, 2005... 2004 2003 State Rank Volume Rank Volume Pct Chg Alabama 33 $2,680,600 27 $4,772,000 -43.8 % Alaska 44 1,174,300 41 1,862,400 -36.9 Arizona 15 7,477,000 18 6,486,600 +15.3 Arkansas 38 1,525,200 31 2,505,600 -39.1 ...

LONG-TERM BONDS: December.
January 3, 2005... 2004 2003 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $32,242,300 1,114 $31,252,600 1,312 +3.2 % Development 831,700 51 639,500 46 +30.1 Education 8,896,300 327 7,089,700 296 +25.5 ...

LARGEST ISSUES: December 2004.
January 3, 2005... Amount Issuer Date 1,148.3 New York City, GOs Dec 10 1,015.4 Educational Funding of the South, Tenn., student loans (TAX/TE) Dec 15 1,000.0 NorthStar Education Finance Inc., Del., student loans GOs Dec 7 871.5 Pennsylvania...

U.S. Securities Prices.
January 3, 2005... Prices as of 3 p.m. ET. Source: GovPx Inc. Treasury Bills Yesterday's Prev. Day's Yesterday's (in percent of discount) Bid/Offer Bid/Offer Bid Yield 1M -- 1/27/2005 1. -- /600 1.710/ 1.624 3M -- 3/31/2005 2.185/170...

Short-Term Tax-Exempt Yields.
January 3, 2005... Dec 30, 2004 Dec 29, 2004 Jan 2, 2004 Selected MIG-1/SP-1+ Notes California Rans 3s (June 05) 1.90 1.90 1.45 Los Angeles Co Trans 3s (June 05) 1.90 1.90 0.90 New Jersey Trans 3s (June 05) 1.95 1.95 n.a. Texas Trans 3s...

Municipal Market Data General Obligation Yields.
January 3, 2005... Aaa Aaa (pure) (ins) Aa A Baa 2005 2.05 2.09 2.08 2.17 2.45 2009 2.69 2.78 2.76 2.92 3.32 2014 3.54 3.67 3.65 3.84 4.24 2019 3.95 4.08 4.06 4.25 4.62 2024 4.28 4.39 4.38 4.53 4.87 2029 4.58 4.68 4.67 4.80 5.10...

Market Indicators.
January 3, 2005... Dollar amounts are in millions Day's 2004 2004 Daily Yesterday Change High Date Low Date Municipal Bond Index 112-11 +12/32 116-02 (3/11) 104-30 (5/13) 40 Average Dollar Price 102.06 +0.34 105.30 (3/11) 95.18 (5/13) ...

Placement Ratio.
January 3, 2005... No. Total Amt. Sales from Placement New New Accts. New Accts. Ratio Accts. ($000s) ($000s) (%) 2004 12/30 3 37,515 37,515 100.0 12/23 3 75,536 46,196 61.2 12/17 19 1,422,853 1,401,990 98.5 12/10 23 2,279,372...

General Obligation Bond Prices for Dec. 30, 2004.
January 3, 2005... Intermediate Long-Term Bond and Ratings (Moody's/S&P's) Dated Cpn & Maturity Yield Price Prev Chg Cpn &Maturity Yield Price Prev Chg STATES California Series 2003 (A3/A) 11/1/03 3 1/8% 11/1/09 2.86 101 1/8 101 1/4 - 1/8 5 1/4%...

Visible Supply.
January 3, 2005... Competitive Negotiated Total ($000s) ($000s) ($000s) Weekly Averages 12/31/04 1,202,548 1,680,824 2,883,372 12/24 619,369 2,025,525 2,644,894 12/17 1,229,425 5,618,807 6,848,232 12/10 2,010,674 5,747,145 7,757,819 ...

One-Year Note Index.
January 3, 2005... 2004 Dec 29 2.08% 22 2.08 15 2.06 8 1.99 1 2.05 Nov 23 2.03 17 2.00 10 1.96 3 1.86 Oct 27 1.82 20 1.76 13 1.73 6 1.71 Sep 29 1.66...

Municipal Bond Index Update.
January 3, 2005... The list of bonds used to calculate the Municipal Bond Index was not revised after the Dec. 31 pricing. No new bonds qualified for inclusion in the index. As a result, the coefficient remains at 1.0213, the average coupon at 5.02%, the...

Reoffering Yields.
January 3, 2005... NRO - Not Reoffered; S.B. - Sealed Bid; SNA - Sold, Not Available Offer Amount Date ($Mil) RECENT OFFERINGS 1 Year 5 10 15 20 25 30 Aaa - AAA 10/25 40.0 Frisco I.S.D., Tex. (PSF. Gtd.)... 2.60 3.55 4.04 NRO... ... ...

New-Issue Balances.
January 3, 2005... (,000 Omitted) * Since initial reoffering + Revised upward since last report Amount Date RECENT OFFERINGS Sold Balance $11,475 12/29 Washtenaw Co., Mich. $4,500 All Sold 11,640 12/28 Jessamine Co. Sch. Dist. Fin. Corp.,...

Municipal Bond Prices.
January 3, 2005... These 40 Bonds are evaluated and priced daily by Standard & Poor's Securities Evaluations. All figures are rounded to the nearest eighth when reported in this table. "Change in Bid" is rounded after calculation. Dollar Change...

Municipal Bond Index.
January 3, 2005... Current Day Previous Day Week Ago Month Ago Year Ago The Bond Buyer Municipal Bond Index 112-11 111-31 112-14 110-12 112-08 Thursday, December 30, 2004 Maturity Par Call Dollar Conversion Converted Date Date Price Factor Price ...

New England Universities Turn to Bonding to Face Challenges.
January 3, 2005... Although New England remains a bastion of top colleges and universities, aging facilities and flat demographics spell particular challenges for the region's schools in the coming years, according to a recent report from Standard & Poor's. ...

The Digest.
January 4, 2005... Increased investor participation and marginal gains posted by longer-dated Treasuries yesterday gave the tax-exempt market a positive tone on the first trading session of the year. Complete market coverage by Anastasija Johnson appears on page...

Tax Reform Tensions: Muni Market Braces for Incoming Measures.
January 4, 2005... The municipal bond community is prepared to start developing a defensive strategy when Congress convenes this month and starts to gear up to consider legislation that could erode or eliminate the value of the tax exemption for municipal bonds...

Oklahoma Issuers Dismayed By MBIA's Quiet 'Moratorium'.
January 4, 2005... A $12.65 million bond deal tottering on the edge of default has prompted MBIA Insurance Corp. to turn its back to municipal bond issuers in Oklahoma, declining to insure any state or local borrowings since last July, several finance officials...

UBS Claims Top Spot For 2004: Underwriter Led With $46.28B Sold.
January 4, 2005... UBS Financial Services Inc. dominated the rankings of municipal bond underwriters in 2004, ending the year in the number one slot, according to preliminary data from Thomson Financial. The firm knocked close rival Citigroup Global Markets...

News In Brief: Construction Outlays Dip 0.4% to $1.013T.
January 4, 2005... Spending on construction projects declined in November for the first time since last January as private construction fell but public construction increased, Commerce Department figures released yesterday showed. Total construction spending...

News In Brief: ISM Index Up To 58.6 in Dec.
January 4, 2005... The overall economy expanded for the 38th straight month in December, while the manufacturing sector expanded for the 19th time in as many months, the Institute for Supply Management reported yesterday. According to the ISM's monthly report...

News In Brief: Weekly T-Bills Go At 2.275%, 2.560%.
January 4, 2005... Tender rates for the Treasury's latest 91-day and 182-day discount bills were mixed yesterday, as the three-months incurred a 2.275% high rate, up from 2.225% last week and as the six-months incurred a 2.560% high rate, unchanged from 2.560%...

News In Brief: Treasury 4-Weeks To Pay Down $9B.
January 4, 2005... The Treasury Department said it will sell $10 billion of four-week discount bills today. The four-week, or 28-day, bills will pay down $9 billion and refund $19 billion of maturing bills. The bills have an issue date of Jan. 6 and are...

Monday's Market: Treasuries Give Tax-Exempts Boost In New Year's First Trading Session.
January 4, 2005... Increased investor participation and marginal gains posted by longer-dated Treasuries yesterday gave the tax-exempt market a positive tone on the first trading session of the year. Traders said there were attempts to buy bonds cheaper in...

From Red to Blue: Montana Seats New Democratic Governor, Legislature.
January 4, 2005... Montana's government changed hands yesterday, to Democrats from Republicans, with the swearing-in of Gov. Brian Schweitzer and the seating of a new Legislature. Though Montana went heavily for President Bush in the 2004 election, its...

Minnesota Governor's Bonding Plan Puts Emphasis on Education, Transportation.
January 4, 2005... Minnesota Gov. Tim Pawlenty yesterday unveiled an $816 million general obligation borrowing plan for 2005 designed to make up for the Legislature's failure last year to approve the state's two-year budget. "In order to build a stronger,...

Kansas Court Gives 100-Day Deadline to Increase School Funding.
January 4, 2005... The Kansas Supreme Court on Monday gave the Legislature 100 days to increase funding for public schools, but stopped short of declaring the state's system of funding public education unconstitutional. The unanimous decision said the court...

Congress: Bond-Friendly Congressman Robert Matsui Dead at 63.
January 4, 2005... Rep. Robert T. Matsui, the third-ranking Democratic member of the House Ways and Means Committee and a long-time proponent of tax-exempt bond-friendly legislation, died Saturday after battling a rare blood disease, his office said. He was 63....

Mergers & Acquisitions: N.Y.-Based BondDesk Acquires TechHackers to 'Extend' Analytics.
January 4, 2005... BondDesk Group has acquired TechHackers, a New York-based developer of software tools and enterprise systems for securities trading and financial operations. TechHackers is a provider of mathematical models for the fixed-income and...

People: Moors & Cabot Gets RBC Fixed-Income Trader.
January 4, 2005... Moors & Cabot Inc., has hired Thomas E. Powers, formerly of RBC Dain Rauscher, as a fixed-income trader and underwriter at its Boston corporate headquarters. Powers, a vice president, will start tomorrow in his new position in which he will...

Two Top Officials at Puerto Rico's Government Development Bank Resign.
January 4, 2005... Two of the Government Development Bank of Puerto Rico's top officials have resigned following the change of administration in the governor's office. Carlos M. Pineiro, executive vice president for financing, resigned his post effective...

Competitive Bond Offerings.
January 4, 2005... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING...

Competitive Note Offerings.
January 4, 2005... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Tuesday, January 4 Merrillville...

Negotiated Note Offerings.
January 4, 2005... ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of January 3 Upper Arlington OH GO Street 3,972 A.G. Edwards --- --- --- --- --- Jan ...

Negotiated Bond Offerings.
January 4, 2005... Tentative dates for negotiated sales of $5 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of January 3 Jacksonville Elec...

Results of Negotiated Sales.
January 4, 2005... ALABAMA Athens (City) Dec 16, 2004 $2,410,000 Gas Revenue Warrants, Series 2005 (Ambac Insured). Dated Jan 1, 2005. Due Dec 1, 2005 to 2017. First coupon Jun 1, 2005. Callable Dec 1, 2012 at par. Purchased...

Deal in Focus: Arizona Regents Ready $113M COP Sale for Bioscience.
January 4, 2005... The Arizona Board of Regents will go to market next week with a $113 million certificates of participation offering backed by a special revenue stream approved by the state Legislature two years ago. The debt issue is tentatively scheduled...

ARKANSAS: Metroplanning.
January 4, 2005... A group of Little Rock-area leaders is working to create regional authorities that have the power to request new taxes that could be used back bonds for transportation projects. Regional authorities would also be allowed to petition the...

ARKANSAS: Perry Jail Dilemma.
January 4, 2005... Perry County voters on Jan. 25 will weigh in on a $3.4 million bond referendum that would allow county officials to levy a 1% sales and use tax to finance a new jail. Officials say that growth in the Little Rock area means that Perry...

Colorado: TABOR Reform?
January 4, 2005... State Treasurer Mike Coffman said last month that he would oppose a proposal to redefine state aid for higher education as a Taxpayer's Bill Of Rights refund mechanism. "What this state needs are honest solutions to resolve Colorado's...

TEXAS: Keller ISD Vote.
January 4, 2005... Voters in the Keller Independent School District will go to the polls March 5 to determine the outcome of a $99.75 million general obligation bond question that would finance campus expansions and new schools for the fast-growing district. ...

TEXAS: Facing Bribery Charges.
January 4, 2005... A hearing will be held today in Brownsville for two Willacy County commissioners that stand accused of taking bribes in return for votes on a federal prison contract. Commissioners Israel Tamez and Jose Jimenez were charged last month with...

N.Y.C. Comptroller: Next 3 Years Will Bring Debt Ceiling Closer.
January 4, 2005... New York City will edge closer to the legal limit of its borrowing capacity during the next three years, according to the annual capital debt and obligations report Comptroller William Thompson issued late Thursday. Thompson said the...

Top Senior Managers: All of 2004.
January 4, 2005... Rank Firm Amount Issues 1 UBS Financial Services Inc. $46,283.3 823 2 Citigroup Global Markets Inc. 44,802.3 647 3 Merrill Lynch & Co. 27,149.6 297 4 Goldman, Sachs & Co. 26,259.2 197 5 Lehman Brothers...

Top Financial Advisers: All of 2004.
January 4, 2005... Rank Firm Amount Issues 1 Public Financial Management Inc. $33,663.8 790 2 Public Resources Advisory Group 24,717.3 116 3 First Southwest Co. 13,113.1 532 4 Lamont Financial Services Corp. 10,115.4 60 5...

Top Small-Issue Senior Managers: All of 2004.
January 4, 2005... Rank Firm Amount Issues 1 RBC Dain Rauscher Inc. $1,662.9 351 2 Piper Jaffray & Co. 1,219.8 311 3 Morgan Keegan & Co. 1,204.1 232 4 Roosevelt & Cross Inc. 944.9 264 5 George K Baum & Co. 886.3 160 6 UBS Financial...

Top Small-Issue Financial Advisers: All of 2004.
January 4, 2005... Rank Firm Amount Issues 1 Public Financial Management Inc. $1,510.4 320 2 First Southwest Co. 1,215.0 268 3 Ehlers & Associates Inc. 860.2 332 4 Springsted Inc. 601.5 175 5 Stauder Barch & Associates 452.7 96 6...

Top Competitive Senior Managers: All of 2004.
January 4, 2005... Rank Firm Amount Issues 1 Merrill Lynch & Co. $14,146.7 124 2 Citigroup Global Markets Inc. 12,763.2 281 3 UBS Financial Services Inc. 5,477.3 265 4 Morgan Stanley 4,618.9 91 5 Goldman, Sachs & Co. 3,959.6 35 6...

Top Competitive Financial Advisers: All of 2004.
January 4, 2005... Rank Firm Amount Issues 1 Public Financial Management Inc. $11,865.4 395 2 Public Resources Advisory Group 6,006.9 36 3 First Southwest Co. 2,540.8 233 4 Springsted Inc. 2,075.9 240 5 Banc of America Securities LLC...

Top Issuers: All of 2004.
January 4, 2005... Rank Issuer Amount Issues 1 California (State) $17,475.8 21 2 New York City 7,259.3 21 3 New Jersey Economic Development Authority 4,598.5 27 4 Massachusetts (Commonwealth) 4,257.6 8 5 Houston, Tex. 3,585.4 6...

Top Co-Managers: All of 2004.
January 4, 2005... Rank Firm Amount Issues 1 UBS Financial Services Inc. $12,685.0 768 2 Citigroup Global Markets Inc. 11,846.0 836 3 RBC Dain Rauscher Inc. 10,810.0 535 4 J.P. Morgan Securities Inc. 9,088.9 384 5 Banc of America...

Top Negotiated Senior Managers: All of 2004.
January 4, 2005... Rank Firm Amount Issues 1 UBS Financial Services Inc. $40,806.0 558 2 Citigroup Global Markets Inc. 32,039.1 366 3 Goldman, Sachs & Co. 22,299.6 162 4 Lehman Brothers 22,129.3 198 5 J.P. Morgan Securities Inc....