Europe’s 2021 Bond Deals Hit Half Trillion Euros in Record Time
- EU’s two social bonds saw combined orders above $96 billion
- Credit risk rising on Tuesday after new lockdown restrictions
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Europe’s bond market has cemented its status as a global funding force with 500 billion-euros ($595 billion) of sales in the fastest time ever.
A two-part 13 billion-euro social bond from the European Union on Tuesday helped push issuance past the landmark, putting sales so far this year at least 17% ahead of the same period in 2020, according to data compiled by Bloomberg. The milestone wasn’t reached until March 31 last year.