Nonfinancial corporate issuance in Europe over the year to end-August stood nearly 30% below the same period last year, due to weak investment-grade volumes, with speculative-grade issuance up 70%. Meanwhile, financial issuance remained broadly stable from 2020. €2.01 trillion in European nonfinancial debt matures through 2026, of which €127 billion matures in 2021, on robust issuance volumes.