Economics
Four Charts Show How Europe’s Credit Market Keeps on Growing
- Europe’s primary market has posted its first $100 billion week
- High-grade euro credit universe has almost doubled since 2012
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Europe’s primary bond sales have started the year at record pace, including a first-ever $100 billion week, highlighting the market’s transformation into a global funding hub.
The deluge has come from all corners of the world, as low borrowing costs and central-bank support help entice more global issuers into the region’s debt markets. A growing euro investor base also means more companies can sell longer maturities or complex products such as hybrids, helping the market compete with dollar debt.