Jin10 data reported on September 2nd, that driven by the large-scale issuance of bonds in the UK and Italy, the European bond market is set to create the highest single-day issuance record in history, marking the beginning of a financing boom in September after the summer lull. According to data compiled by institutions, a total of 28 issuers planned to raise at least 49.6 billion euros (approximately 57.7 billion USD) that day, likely surpassing the single-day issuance record of 47.6 billion euros set earlier this year. Although the fiscal situation in countries like France and the UK remains concerning, the currently high bond yields have attracted investors to place large orders, driving the mass issuance.
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49.6 billion euros Europe’s bond market single-day issuance sets a new record
Jin10 data reported on September 2nd, that driven by the large-scale issuance of bonds in the UK and Italy, the European bond market is set to create the highest single-day issuance record in history, marking the beginning of a financing boom in September after the summer lull. According to data compiled by institutions, a total of 28 issuers planned to raise at least 49.6 billion euros (approximately 57.7 billion USD) that day, likely surpassing the single-day issuance record of 47.6 billion euros set earlier this year. Although the fiscal situation in countries like France and the UK remains concerning, the currently high bond yields have attracted investors to place large orders, driving the mass issuance.