Europe’s Bond Market Sets Record With $36 Billion of Deals
- Ireland, Portugal notes both got 20 billion euros-plus of bids
- BMW sold three euro bonds alongside flood of bank offerings
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Europe’s primary bond market had a record-setting day, with at least 32.7 billion euros ($36 billion) of deals, as the Iran crisis failed to damp the usual early-January rush.
Ireland and Portugal both sold 4 billion-euro sovereign notes, after each drew more than 20 billion euros of orders, according to separate people familiar with sales, who asked not to be identified because they’re not authorized to speak about them. The Netherlands’ BNG Bank NV issued a 2 billion euro note.