European high yield is here to stay with predictions for
next year topping $60 billion.
Panelists at Wednesdays AFME/EHYA European Leveraged
Finance Conference agreed this has been a transformational year
for high yield, not because of its record issuance levels, but
because the growth is sustainable.
Unlike the surges in 2000 and 2004, the $46 billion of high
yield debt issued since...