The pick-up in yankee bond issuance this quarter is largely due to cross-border issuance increasing again.
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At least 10% of the bond issuance will likely be reserved for small investors, the official said.
The rise in TSF was driven by increases in bank loans, corporate bond issuance, and trust loans.
New investment vehicle bond issuance rose 620 billion yuan in 2011 and 1.4 trillion yuan in 2012.
Corporate-bond issuance is on track to shatter records this year, largely offsetting the slump in bank lending.
Moreover, the current credit boom through trust loans and bond issuance will heighten financial risks in the economy.
European Central Bank policymaker Yves Mersch called the bond issuance an "enormous success".
Morgan Stanley estimates slightly less corporate bond issuance than in 2012, but doesn't give a forecast for government debt.
Citigroup is forecasting a 40% increase in bond issuance in the euro zone and a doubling of issuance in America.
And you have to add to it, from a financing point of view, the bond issuance to refinance the banks.
This should be sufficient pressure, since 40 percent of the funding for the supplemental budgets will come from new bond issuance.
Still, Louise Purtle of CreditSights said the rushing of bond issuance could be an example of "panicky policy" leading to "unintended" consequences.
Vivendi had given itself some room to take less cash, say credit analysts, thanks to earlier asset disposals and high-yield bond issuance.
Under this proposal any early expenditures by government would be quickly recouped from bond issuance registration fees, and the Bureau will be self-sustaining.
Mr. Lee said yuan bond issuance outside of China in 2013 could top last year's 170 billion yuan, and even reach 200 billion yuan.
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If leveraged loan and high yield bond issuance continues at the current pace the leveraged finance market would see its first trillion dollar year.
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But the volatility raises questions over how much influence the BOJ wields over the market, despite soaking up about 70 percent of all new bond issuance.
Companies backed by some level of government now make up a bigger share of total bond issuance, 75% compared with 68% in 2011, according to Dealogic.
Indeed, after evenly splitting the leveraged finance pie in January there was roughly twice as much loan volume last month as there was high yield bond issuance.
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After companies and governments across Asia loaded up on debt this year, pushing bond issuance to a record, most bankers say 2013 will be a bit quieter.
Talk of a joint euro bond issuance mechanism aimed at strengthening the fiscal discipline of its members seemed to excite investors Friday, despite German opposition to such a move.
At the same time the reports say that high yield bond issuance in dollar terms has never been higher, and yields on junk bonds have never been lower.
By contrast, in FY2011 total bond issuance of JPY 44.3 trillion (of which only JPY6.1 trillion are construction bonds) will constitute nearly half of the JPY 92.4 trillion revenue budget.
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Second, Goldman, like others, benefited from one-off boosts, such as the surge in corporate-bond issuance as seized-up markets began moving again in January, and from managing each other's government-backed debt issues.
Over the same period, with the odd hair-raising interruption, interest rates have fallen, tempting companies and governments to refinance expensive debt year after year, leading to a prolonged surge in bond issuance.
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We can see a similar sort of thing today, where the U.S. government has been running very large budget deficits, with the resulting bond issuance in large part absorbed by foreign central banks.
Keep in mind that a debt reserve fund is usually created at the time of bond issuance, hence, interest payments out of reserves is nothing more than giving the bondholder back his own money.
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Regulators in Brussels are moving ahead with draft proposals to build a euro bond issuance warehouse from which euro-area governments can tap capital markets by issuing what would be bonds deemed safer by investors.
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