NTT

EUR Corporate Bond Supply Surges Toward €400bn in 2025, Driven by TMT and Reverse Yankee Issuance

Foreign tech companies have issued more euro-denominated debt than expected so far in 2025, driven by attractive funding costs in euro markets. This points to European strength. Our expectations for 2025 debt issuance were initially lower as US tech firms can fund their heavy capital expenditure programme from cash flows