Sector spotlight Not all the work to address the maturity wall has been straightforward, however, and investors have taken a pragmatic approach. Since July last year, the 2028 maturity wall has been cut by 57.7% from €90.9 billion to €38.4 billion. The pace accelerated in the second half, which has whittled away at the European loan maturity wall. Work to address Europe's near-term loan maturity wall has accelerated since the spring, as borrowers took advantage of strong technicals to refinance and extend maturities. The next block of work to extend the 2028 need may also prove tougher than the first part of the year.