CREDIT investors are scoring some of the highest new issue concessions in years. That’s because companies that seize the occasional window for bond offerings are competing to entice buyers who want to be compensated for a growing list of risks. 

The average extra yield that non-financial companies in Europe are paying on new sales is at its highest level since June 2024, according to data compiled by Bloomberg. In the United States, these concessions more than doubled in March compared to the prior month.