The top municipal underwriters accounted for $199.247 billion in 4,650 issues in the first half of 2022, down from the $222.640 billion in 6,201 transactions during last year’s first half.
BofA Securities remained in the top spot — underwriting $24.528 billion of deals — despite accounting for considerably fewer transactions and market share than the first half of 2021.
Minor shuffling among the top municipal underwriters characterized the year-over-year differences, with Jefferies being the only newcomer to the top 10, replacing Robert W Baird & Co., which fell to 13th.
This article was originally published by Bondbuyer.com. Read the original article here.