Global borrowers lapping up cheap euro bonds

London

NEVER have so many international companies borrowed so much for so long in Europe and the continent's bond market may never be the same.

The region, which up until now had catered primarily to domestic borrowers, became a prime target for foreign firms looking to raise funds this year, witnessing a record 157 billion euros (S$236.7 billion) of bonds. Banks and investors are now devoting more resources to meet the demand.