Vonovia Gets £3.3 Billion in Orders for First Sterling Bond

German landlord Vonovia SE garnered almost £3.3 billion ($4.2 billion) in orders for a bond of £400 million on Europe’s primary market, extending the region’s bumper sales that are topping the most ever for a week.

Debt issuance in Europe has already exceeded the equivalent of €120 billion this week as investors rush to lock in higher yields before central banks start easing policy. Vonovia is selling the bonds as analysts are predicting a rebound for the local real estate sector, which saw volumes for commercial property transactions drop by more than half last year.