High-yield issuance continues to rise

European high-yield bond issuance during the first quarter of this year reached €12.7 billion, according to a report by the European High Yield Association (EHYA). This is up from €7.1 billion during the same period in 2006, an increase of 79%.

According to the European Quarterly High Yield Report, produced by the EHYA in conjunction with its parent group, the Securities Industry and Financial Markets Association (Sifma), the headlong pace of issuance since the beginning of the year continues a

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