Booming Europe Bond Market Welcomes Trio of First-Time Borrowers

📆 11/09/2023 10:33:00
📰 BNNBloomberg

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 50%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Companies Bet Against High for Long in Bond Blitz(Bloomberg) -- Companies storming the bond market at record-breaking pace made one thing clear: They don’t expect rates to stay elevated for long.Most Read from BloombergBoss of Failed Crypto Exchange Gets 11,000-Year SentenceEverything Apple Plans to Show on Sept. 12: iPhone 15, Watches, AirPodsUS, EU Agree on Mideast-India Rail and Shipping Corridor at G-20California Shows an Electric-Car Uprising Headed for the USEx-Google CEO Eric Schmidt Scraps $67.6 Million Purchase of Abandoned Superyacht
Source: YahooFinanceCA - 🏆 47. / 63 Read more »