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Investors have regained their appetite for junk-rated debt: the amount issued hit a two-year high in the week to August 14th.
Nearly 36 million stock options were granted to employees in December 2008 - 10 times the amount issued the previous year - when the stock was trading at $78.78.
Nonetheless, JPMorgan says it thinks gross bond issuance in the second part of the year will be less than half the amount issued in the first.
As of late August, 112 billion renminbi in dim sum bonds had been issued in 2011, nearly three times the amount issued in the whole of 2010, according to Thomson Reuters data.
For example, during that period the amount of stock taken out of the market has exceeded the amount issued in almost every year; from 2004 through 2013 this net withdrawal averaged $316 billion a year.
In the fourth quarter alone, Telecom Italia, British Telecommunications and France Telecom are trying to raise as much as $25 billion in debt, or three-quarters the amount issued by all telecommunications companies through the first nine months of the year, according to ING Barings.
Similar(46)
(4) represents the dependent variable as the total amount issued, regardless of the financial instrument, by a bank in that month (in logs).
New Jersey's Economic Development Authority (EDA) has handed out more than $2bn in tax breaks since 2014, more than the total amount issued during the decade before Christie took office.
As a robustness exercise, Column (4) of Table 5 presents the results for the total amount issued under any kind of financial instrument.
That was the largest amount issued in any quarter since the firm began collecting the numbers in the mid-1990s.
And they bought an additional $120 billion in subprime mortgage securities in 2006, or 27percentt of the total amount issued.
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