Global government-backed bonds surging
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Government-backed lending programs around the world have sparked a revival in financial and corporate borrowing — for now. Worldwide sales of corporate bonds rose to $251 billion in January, the highest level since May 2008, marking the first signs of a thaw after a long global capital markets winter. The following are the global sales totals and a list of the biggest borrowers, according to Thomson Reuters data.
Top Temporary Liquidity Guarantee Program
(TLGP) Issuers
| Ranking | Issuer Name | Proceeds (USD) | Market Share |
| 1 | BANK OF AMERICA CORP | 32,628,557,500 | 23% |
| 2 | GENERAL ELECTRIC CAPITAL CORP | 21,045,031,500 | 15% |
| 3 | CITI | 17,726,150,000 | 12% |
| 4 | JPMORGAN CHASE & CO | 16,176,202,500 | 11% |
| 5 | MORGAN STANLEY | 14,324,084,000 | 10% |
| 6 | GOLDMAN SACHS | 13,558,528,800 | 9% |
| 7 | WELLS FARGO & CO | 5,996,490,000 | 4% |
| 8 | AMERICAN EXPRESS BANK FSB | 5,247,235,000 | 4% |
| 9 | REGIONS BANK | 3,497,682,500 | 2% |
| 10 | PNC FUNDING CORP | 2,896,760,000 | 2% |
| 11 | SUNTRUST BANK | 2,743,940,000 | 2% |
| 12 | HSBC USA INC | 2,673,895,750 | 2% |
| 13 | JOHN DEERE CAPITAL CORP | 1,995,380,000 | 1% |
| 14 | SOVEREIGN BANCORP INC | 1,597,932,500 | 1% |
| 15 | KEYCORP | 1,499,050,000 | 1% |
| 16 | NEW YORK COMMUNITY BANCORP INC | 601,626,380 | 0% |
| 17 | ZIONS BANCORPORATION | 254,892,000 | 0% |
Corporate and Government Guaranteed Debt – Global
| Month | Global Corporate Debt | US Guaranteed Debt (TLGP) | International Guarenteed Debt | Total |
| January 2007 | 317,575.6 | 317,575.6 | ||
| February 2007 | 254,769.1 | 254,769.1 | ||
| March 2007 | 315,515.9 | 315,515.9 | ||
| April 2007 | 197,842.8 | 197,842.8 | ||
| May 2007 | 336,817.1 | 336,817.1 | ||
| June 2007 | 320,097.3 | 320,097.3 | ||
| July 2007 | 123,559.2 | 123,559.2 | ||
| August 2007 | 135,911.7 | 135,911.7 | ||
| September 2007 | 221,778.5 | 221,778.5 | ||
| October 2007 | 260,642.5 | 260,642.5 | ||
| November 2007 | 156,442.8 | 156,442.8 | ||
| December 2007 | 117,873.8 | 117,873.8 | ||
| January 2008 | 203,028.2 | 203,028.2 | ||
| February 2008 | 155,728.7 | 155,728.7 | ||
| March 2008 | 147,390.8 | 147,390.8 | ||
| April 2008 | 303,897.8 | 303,897.8 | ||
| May 2008 | 357,243.5 | 357,243.5 | ||
| June 2008 | 219,317.5 | 219,317.5 | ||
| July 2008 | 133,174.8 | 133,174.8 | ||
| August 2008 | 125,650.0 | 125,650.0 | ||
| September 2008 | 106,030.8 | 106,030.8 | ||
| October 2008 | 68,402.9 | 4,869.0 | 73,271.9 | |
| November 2008 | 116,849.8 | 20,079.9 | 9,955.9 | 146,885.6 |
| December 2008 | 102,066.7 | 87,768.5 | 4,050.5 | 193,885.7 |
| January 2009 | 251,013.0 | 46,493.8 | 19,665.9 | 317,172.7 |
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