The municipal bond market is close to achieving its busiest year ever, with new-issue sales slipping only slightly in the third quarter of 1993, according to figures compiled by Securities Data Co.

As of Sept. 30, state and local issuers had sold $221.68 billion of new long-term bonds, up 29% from $172.23 billion in the first nine months of 1992. This year's figure is already the second-highest annual total on record, having surpassed the $206.99 billion figure for 1985, and it is less than $13.5 billion below last year's all-time high of $235.11 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.