Deutsche Bank Sees Higher Euro Investment-Grade Bond Issuance and Net Supply in 2027

Deutsche Bank expects total issuance and net supply in the euro investment-grade primary bond market to be higher in 2027 than this year. According to Sina Finance, strategists Jem Keltec, Steve Caprio and Karthik Nagalingam wrote in a November 9 report that gross issuance this year is on track to set a record, while net supply is unlikely to rise significantly from last year. They said this year's net issuance would still rank among the five largest since the global financial crisis. For 2027, they expect European net supply to recover, driven by non-financial senior bonds, while issuance by highly rated megacap borrowers may ease slightly and other U.S. issuers remain active.