Seven Issuers Rush to Europe Market as Conditions Improve

Seven issuers rushed to Europe’s bond market on Wednesday, the busiest day in about a week, as calmer trading conditions encouraged companies to return and revive primary market activity.

Danone pulled in more than €5.6 billion ($6.5 billion) of orders for the euro components of a three-part bond sale. The deal led a flurry of activity, sparked by a renewed push to end the war in the Middle East. The company also attracted over £1.5 billion ($2 billion) of bids for a £350 million tranche, according to a person familiar with the matter who asked not to be identified.