Europe Follows US’s Debt Sales Revival as Borrowing Costs Fall

Bank AT1s, deals from US issuers among Europe’s bond offerings
Borrowing costs back at 2022 levels may rise on Trump policies

Companies including Stellantis are among 15 borrowers set to price new debt deals in the region on Wednesday.
Photographer: Nathan Laine/Bloomberg

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By Hannah Benjamin-Cook

November 13, 2024 at 7:21 AM EST

Europe’s debt market is picking up where the US left off, with a debt sales rebound as borrowers seize on funding costs that are near a three-year low.

BPER Banca SpA, Coca Cola HBC Finance BV, Stellantis NV and US companies including elevator maker Otis Worldwide Corp. are among 15 borrowers set to price new debt deals in the region on Wednesday, according to data compiled by Bloomberg. That’s the most number of issuers in one day since Sept. 25, when 19 borrowers tapped the market.