Morgan Keegan served as book-running manager on 252 issues equating to a par value of $6.3 billion, ranking the firm 10th in the nation in the first half of this year, according to Thomson Reuters.
In the Southeast U.S. for the first half of the year, Morgan Keegan is the No.1 underwriter of municipal bonds in terms of number of issues. The firm managed 123 municipal bond issues with a par value of $3 billion in the 10-state region that includes Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, Tennessee and Virginia.
In the South Central U.S., the firm is again the No.1 underwriter of municipal bonds for the same period. Morgan Keegan managed 123 issues with a par amount of $3 billion, which was enough to capture a 30 percent market share in the 6-state region that includes Alabama, Arkansas, Kentucky, Louisiana, Mississippi and Tennessee.
The firm’s state-by-state performance in the first half of 2008 includes:
- Alabama — #1 underwriter (9 municipal bond issues, par value $265.8 million)
- Louisiana — #1 in number of municipal bond issues (30 issues, par value of $580 million)
- Tennessee — #1 underwriter (44 municipal bond issues, par value $1.7 billion)
- Texas — #1 as underwriter full-credit-to-each-manager (88 municipal bond issues, par value $8.6 billion)
- Virginia — #1 in number of municipal bond issues (11 issues, par value $436 million)
- Mississippi — #2 underwriter (12 municipal bond issues, par value of $202 million)
- Arkansas — #3 underwriter (7 municipal bond issues, par value $35.3 million)
- South Carolina — #3 underwriter (5 municipal bond issues, par value $220 million)
About Morgan Keegan & Company, Inc.
Morgan Keegan, one of the nation’s largest regional full-service brokerage and investment banking firms, is the securities brokerage subsidiary of Regions Financial Corporation (NYSE: RF). Headquartered in Memphis, Tennessee, Morgan Keegan has over 4,000 employees providing services in some 400 offices. More than 170 investment banking professionals provide services to multiple industries through 26 public finance offices in 15 states. Additional information about Morgan Keegan is available at www.morgankeegan.com.
About Regions Financial Corporation
Regions Financial Corporation is a member of the S&P 100 Index and Forbes Magazine's "Platinum 400" list of America's best big companies. With $144 billion in assets, Regions is one of the nation's largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates almost 1,900 banking offices and nearly 2,400 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.
