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French Hotel Giant Accor Braves Market Turmoil With Bond Sale

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(Bloomberg) -- French hotel giant Accor SA was the only major issuer willing to brave a tumult sparked by a surge in US Treasury yields as it pushed ahead with the sale of a riskier type of debt in the European market.Most Read from BloombergKey Taiwan Tech Firms Helping Huawei With China Chip PlantsKevin McCarthy Ousted as US House Speaker by Republican DissidentsWall Street Fear Gauge Ratchets Up After Jobs Data: Markets WrapWhy a US Recession Is Still Likely — and Coming SoonAirbnb Is Fundame

-- French hotel giant Accor SA was the only major issuer willing to brave a tumult sparked by a surge in US Treasury yields as it pushed ahead with the sale of a riskier type of debt in the European market.Airbnb Is Fundamentally Broken, Its CEO Says. He Plans to Fix It.

Only Accor and two top-rated entities linked to governments braved the tough market conditions after a flurry of new mandate announcements earlier this week had signaled a burst of issuance activity. That’s well behind the expectations of 50% of respondents to a weekly Bloomberg News survey who’d forecast €20 billion to €25 billion of sales this week. Even adding on Wednesday’s offerings, it’s shaping up to be among the quietest weeks of the year, data compiled by Bloomberg show.European Real Estate Faces New Pressure as Property Funds WobbleWhere Will Enbridge Stock Be in 10 Years?

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