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Contact:              Jennifer A. Galloway, Chief Communications Officer
                          (703) 797-6600
                          jgalloway@msrb.org


MUNICIPAL SECURITIES RULEMAKING BOARD PUBLISHES
REPORT ON 2009 BUILD AMERICA BOND ACTIVITY

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today published Build America Bonds: Issuance and Trade Activity 2009, a report that reviews issuance and trading activity for Build America Bonds during 2009.  

Nearly $64 billion of Build America Bonds were issued in 2009 as state and local governments took advantage of the federal program for financing public projects.  Municipalities began issuing Build America Bonds in April 2009 after Congress enacted the American Recovery and Reinvestment Act of 2009.

The MSRB’s report provides details about the 680 Build America Bonds issued in 2009, including the number and par amount issued by state, and how the proceeds were used.  The report also describes trading activity of Build America Bonds during 2009 and compares their yields to other bonds.

Issuance and trade data for all Build America Bonds are publicly available on the MSRB’s Electronic Municipal Market Access (EMMA) website at www.emma.msrb.org.

The Municipal Securities Rulemaking Board (MSRB) protects and strengthens the municipal bond market, enabling access to capital, economic growth, and societal progress in tens of thousands of communities across the country. The MSRB fulfills this mission by creating trust in our market through informed regulation of dealers and municipal advisors that protects investors, issuers and the public interest; building technology systems that power our market and provide transparency for issuers, institutions, and the investing public; and serving as the steward of market data that empowers better decisions and fuels innovation for the future. The MSRB is a self-regulatory organization governed by a board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is overseen by the Securities and Exchange Commission and Congress.

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