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Morgan Keegan is Leading Municipal Underwriter in South Central U.S.

MEMPHIS, Tenn. (November 3, 2006) — Morgan Keegan & Company was the leading underwriter of municipal bonds in the South Central United States for the third quarter of 2006, dominating the region that includes Alabama, Arkansas, Kentucky, Louisiana, Mississippi and Tennessee. In these states, Morgan Keegan senior managed 152 offerings with a par value of over $3 billion during the quarter, earning a 16.6 percent market share and the number one ranking over national and regional competitors according to Thomson Financial, one of the nation’s leading municipal bond information services.

Morgan Keegan’s overall quarterly performance made them one of the largest lead underwriters in the nation. As book-running manager on a total of 306 issues equating to a par value of $6.2 billion, Morgan Keegan ranked eleventh in the country for the third quarter.

“Providing quality investment banking services to municipal issuers throughout our 18-state footprint is a primary focus of our firm,” said Robert Baird, executive managing director and head of the firm’s fixed income investment banking division. “Our bankers have established strong and enduring relationships throughout the region, and our goal is to be the first choice for all prospective issuers.”

Morgan Keegan finished strong in all of the states included in the South Central region:

  • Alabama — Ranked #1 by Thomson Financial with 15 issues with a par value of $470 million
  • Mississippi — Ranked #1 by Thomson Financial with 18 issues with a par value of $298 million
  • Louisiana — led all firms in number of transactions with 36 issues with a par value of $1.02 billion
  • Tennessee — led all firms in number of transactions with 34 issues with a par value of $895 million
  • Kentucky — led all firms in number of transactions with 27 issues with a par value of $153 million
  • Arkansas — Ranked #2 by Thomson Financial with 22 issues with a par value of over $300 million

Morgan Keegan’s staff of more than 100 public finance bankers provides underwriting through 20 banking offices across the South Central United States, Georgia, Florida, Texas, Virginia, South Carolina, North Carolina, Ohio, and Illinois.

Contact:
Melinda Rutland
Morgan Keegan & Company, Inc.
901/531-3259