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Dec 11, 2015 7:45 EST

European Acquisition Related High Yield Bonds at Highest Annual Volume on Record

iCrowdNewswire - Dec 11, 2015

Wednesday, December 09, 2015

European Acquisition Related High Yield Bonds at Highest Annual Volume on Record

By Alix de Raucourt

 European acquisition related high yield bond volume stands at $37.6bn in 2015 YTD, already the highest annual volume on record, and up by 15% on the 2014 total of $32.6bn. Europe accounts for 33% of global acquisition related high yield bond volume in 2015 YTD, the highest share on record

o Following the same trend, European acquisition related high yield DCM activity has reached 50 deals in 2015 YTD, the highest annual level on record and up by 12 deals from 2014

 Although volume has dropped 49% year-on-year, France ($10.6bn) still leads the nationality ranking for European acquisition related high yield bond volume in 2015 YTD. Germany issuance of $9.4bn has increased fivefold from 2014 YTD ($1.9bn) to reach the highest annual total on record

 Conversely, European acquisition related leveraged loan volume of $104.7bn is at the lowest annual total since 2012 ($86.4bn) and down 28% on 2014 ($144.8bn)

o Europe targeted M&A volume of $1.03tr in 2015 YTD has increased for the third consecutive year and stands at the highest annual total since 2008 ($1.29tr)

 JPMorgan leads the European acquisition related high yield bond bookrunner ranking in 2015 YTD with a 10.4% market share, followed by Barclays and Deutsche Bank with 7.5% and 7.4% respectively

Contact Information:

Alix de Raucourt

Via iCrowdNewswire
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