Europe Bond Sales Break €240 Billion in Busiest-Ever January
- UK, European Union both offered jumbo bond deals on Tuesday
- Global credit is rallying, cutting funding costs for issuers
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Debt sales in Europe have broken through €240 billion ($260 billion), beating a previous record for January set in 2020.
Offerings from the UK and European Union on Tuesday pushed marketwide sales to almost €245 billion, with the final month’s tally set to move even higher as Spain and Land NRW join the list of issuers planning new deals, according to data compiled by Bloomberg. It beats a previous record of just under €239 billion notched up in the same month three years ago.