Bond Market Gets €21 Billion Deal Rush as Credit Risk Eases
Companies are rushing to sell bonds in Europe as gauges of credit risk fell on indications from US President Donald Trump that the war in Iran will end soon.
At least €21 billion ($24 billion) bonds is set to be priced in the region on Tuesday, making it the busiest day since the conflict in the Middle East started last week, according to data compiled by Bloomberg. A pipeline of deals had been building up since the war broke out as soaring credit risk prompted borrowers to hold off on coming to market.