Record Number of Borrowers Are Selling Bonds in Europe’s Market

Borrowers are pouring into Europe’s bond market at the fastest pace ever, locking in funding before the region’s central bank is likely to hike interest rates.

At least 38 borrowers from across the ratings spectrum are offering bonds, beating the previous record set just this month, according to data compiled by Bloomberg. Those range from the governments of Iceland and Morocco, banks including BPER Banca SpA, Banque Federative du Credit Mutuel SA, and companies such as BMW AG, Deutsche Lufthansa AG and Enel SpA.