Europe’s €1.705 Trillion Bond Sales in 2024 Beat Pandemic Record

European bond issuance has reached a record-breaking €1.705 trillion ($1.8 trillion) this year, passing the high-water mark previously set in 2020.

Debt sales in the region’s publicly-syndicated market hit the milestone on Thursday, according to data compiled by Bloomberg. The figure includes publicly syndicated issuance of euro, sterling and Reg S dollar-denominated offerings sold in Europe.

Sovereigns, supranationals and agencies as well as financials have been at the forefront of the borrowing spree. The need to finance ever-growing debt piles has spurred issuance from public sector borrowers, with the UK being a case in point.

The country’s debt management office ...