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A drop of water falls from a melting piece of ice on Argentina's Perito Moreno glacier near the city of El Calafate, in the Patagonian province of Santa Cruz, December 16, 2009. Scientists warn that glaciers in the Andes are melting because of the effects of climate change. According to studies, these accumulations of ice are thawing at a pace so fast that they could disappear in 25 years. REUTERS/Marcos Brindicci (ARGENTINA - Tags: ENVIRONMENT TRAVEL IMAGES OF THE DAY)
A drop of water falls from a melting piece of ice on Argentina's Perito Moreno glacier near the city of El Calafate, in the Patagonian province of Santa Cruz, December 16, 2009. Scientists warn that glaciers in the Andes are melting because of the effects of climate change. According to studies, these accumulations of ice are thawing at a pace so fast that they could disappear in 25 years. REUTERS/Marcos Brindicci (ARGENTINA - Tags: ENVIRONMENT TRAVEL IMAGES OF THE DAY)
(MARCOS BRINDICCI/MARCOS BRINDICCI/REUTERS)

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Bond market finally thawing across the pond

TIM KILADZE

 — The Globe and Mail

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Last updated

The debilitating European debt burdens that have crippled the bond markets for what feels like decades are finally lifting, offering hope that the market is thawing for those who were frozen out.

Two major announcements hit the bond market on Monday. In Ireland, the government hired investment bankers to underwrite its first syndicated bond issue since the country was bailed out in 2010, and in Germany, Deutsche Bank tapped investors for €1.75-billion, its first long-dated senior secured euro issue since May 2008, according to International Financing Review.