Bond Sales Reach €108 Billion in a Record Week for Europe
- Governments drive huge bond issuance, led by Italy and Spain
- Mandates trickle in for further sales on Thursday and Friday
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European bond sales have already hit a record this week at more than €108 billion ($118 billion), and there’s still two days of issuance to go.
More than half of this week’s sales in the primary market, equivalent to €65 billion, have come from public sector borrowers — known as SSAs — with bumper offerings from Spain, Italy and the European Financial Stability Facility, according to data compiled by Bloomberg. Financial firms have raised €31 billion and other companies nearly €12 billion.