Europe’s Bond Sales Just Set a New Record
- Companies are moving to raise cash before rates go up
- This week’s tally exceeds a record set two years ago
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Europe’s debt market broke records with $113 billion of sales in a single week as borrowers rush to get ahead of rising interest rates.
Portugal, Ireland and discount airline Wizz Air have all raised funding this week. The tally beats a previous record set in early 2020, when firms loaded up on cash just before the pandemic took hold.