European high-yield issuance rockets in Q1

European high-yield bond issuance during the first quarter of this year reached EUR12.7 billion, according to a report by the European High Yield Association (EHYA). This is up from EUR7.1bn during the same period in 2006, an increase of 79%.

The headlong pace of issuance since the beginning of the year continues a trend set in 2006. High-yield issuance doubled last year to EUR37.9bn, and the EHYA expects growth to remain strong in 2007.

"We expect high-yield issuance to continue at a healthy pace

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