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Five Charts Show Europe’s Record Bond Sales Topping 1.5 Trillion Euros

  • Marketwide new-bond sales already almost 10% up on 2019 total
  • Big sovereign deals help public-sector borrowers lead deluge
Updated on

Europe’s primary bond market has surpassed 1.5 trillion euros ($1.77 trillion) of annual sales for the first time after coronavirus concerns stoked an unprecedented borrowing deluge.

A 17 billion-euro two-part offering from the European Union on Tuesday has helped to drive syndicated deals this year to almost 10% above 2019’s record total of 1.38 trillion euros, according to data compiled by Bloomberg. Issuance has taken off since a market shutdown in March as companies, governments and agencies step up fundraising to help weather virus upheavals. Central-bank stimulus measures have also driven down borrowing costs.