Riskier Hybrid Debt Makes Comeback as Europe Bond Sales Jump
People hold national flags in Tehran's Revolution Square on April 8.
Photographer: Majid Saeedi/Getty ImagesA tentative ceasefire in the Iran conflict fueled a rush to issue bonds in Europe’s primary market, with Thursday seeing the busiest day since early February.
Even sales of riskier hybrid notes made an appearance for the first time in three weeks as a key gauge of European credit risk held largely steady. General Mills Inc. and Engie SA both sold deals in the subordinated format, underscoring how open the window for issuance is.