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Europe Is Set for Longest Run of Days With Bond Sales Since 2021
Europe is set to see its longest continuous streak of bond sales since October 2021 as issuers get deals done ahead of the summer slowdown. Friday marks the 19th business day with bond sales in the region’s primary market, with more than €187.5 billion ($204 billion) of issuance in total during that period, according to data compiled by Bloomberg. The previous longest run of deals ended in late October 2021 with 44 straight days of sales. A potential $250 million deal from US oil field services company Tidewater Inc. is likely to be the only transaction today. That offering may price later on. Borrowers in the ... (full story)