Bond Sales in Europe Reach Record €49.6 Billion in a Single Day

Europe’s bond market is set to notch a record day of issuance as the UK and Italy offered jumbo deals, kickstarting a September rush for funding after a summer lull.

There are 28 issuers looking to raise at least €49.6 billion ($57.7 billion), according to data compiled by Bloomberg. That puts Europe on track to beat the previous record one-day total of €47.6 billion set earlier this year.