Europe Bond Sales Exceed €1 Trillion in Record Time
- Issuers take advantage of bouyant demand for debt this year
- Sales boosted by US firms taking advantage of rate divergence
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European bond issuance this year has topped the €1 trillion ($1.1 trillion) mark more than a week before the previous record.
Issuance in the region’s publicly-syndicated debt market reached the milestone on Wednesday, boosted by a €10 billion sale from Spain, according to data compiled by Bloomberg. It beats a record set on June 9, 2020, when governments and companies were beefing up their balance sheets in the early months of the pandemic.