Solid Demand Greets Europe’s First Debt Sales After Trump Win
- Investors bid for three times the size of three deals on offer
- Germany’s political situation may pose risks, 24AM says
Italy’s Intesa Sanpaolo has drawn more than €3 billion of orders for a €1.25 billion Tier 2 note.
Photographer: Francesca Volpi/BloombergInvestors are jumping back in Europe’s debt market, with a trio of deals amassing orders for more than three times their combined size as activity resumes following Donald Trump’s US election win.
Bids for offerings from Intesa Sanpaolo SpA, Societe Generale SA and Bureau Veritas SA have reached more than €11.45 billion ($12.35 billion) combined the latest data shows, according to separate people with knowledge of the deals, who asked not to be identified as the information is private.