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