High yield growth is sustainable

Author: Danielle Myles | Published: 14 Oct 2010

European high yield is here to stay with predictions for next year topping $60 billion.

Panelists at Wednesday’s 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...