Booming Europe Bond Market Welcomes Trio of First-Time Borrowers

📆 9/11/2023 9:33 AM
📰 BNNBloomberg

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Companies that typically borrow via a German credit instrument are branching out to the bond market for the first time, as they look to take advantage of its wider investor base to raise larger amounts.

German retailer Rewe Group, biopharmaceutical firm Sartorius AG, and Netherlands’ equipment leasing company Boels Topholding BV tapped the bond market for the first time last week — a period that saw the highest issuance since June as borrowers rushed in ahead of further potential interest rate increases by central banks.

Larger sums can be raised from the bond market with similar maturities and sometimes pricing to the Schuldschein market. Sartorius, which produces precision scales for laboratory and industrial uses, sold a €3 billion bond — larger than the biggest Schuldschein on record.

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