Europe’s New Bond Sales Top $100 Billion in Record-Shattering Week
- Four offerings on Friday cap frenetic week led by financials
- EFSF, National Grid among issuers in bulging deal pipeline
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Europe’s bond market is wrapping up its biggest week ever, with over $100 billion of new debt sales underscoring its status as a major global funding vehicle.
Issuers from China, Indonesia, Japan and the U.S. joined local borrowers in tapping Europe’s super-low funding costs and increasingly mature bond market, helping push sales for the week to 92.5 billion euros ($103 billion). U.S.-Iranian tensions also added extra impetus to the traditional year-start rush, as issuers dashed to get deals done before any market deterioration.