FACTBOX: Top underwriters of auction-rate munis
(Reuters) - Citigroup Inc, which agreed to buy back more than $7 billion of auction-rate securities as part of a settlement with regulators, has been the largest auction-rate municipal bond underwriter since 2000.
UBS is the second-largest, and JPMorgan Chase ranks third, according to Thomson Reuters data.
Citi has underwritten $55.4 billion of the securities since 2000, or about 23 percent of the market total, including $6.7 billion in 2007.
UBS has underwritten $42.4 billion since 2000.
Here are the top 10 U.S underwriters of these securities in the aggregate since 2000, followed by a year-by-year breakdown since 2003.
TOP U.S. AUCTION-RATE MUNICIPAL BOND UNDERWRITERS SINCE 2000
BOOKRUNNER PAR AMOUNT NUMBER OF ISSUES
1) Citi $55.4 billion 431
2) UBS $42.4 billion 417
3) JPMorgan Chase $31.3 billion 296
4) Morgan Stanley $22.2 billion 245
5) Goldman Sachs $21.4 billion 240
6) RBC $18.9 billion 168
7) Merrill Lynch $16.3 billion 160
8) Banc of America $14.9 billion 127
9) Lehman Brothers $10.5 billion 126 Continued...







