Continued strain in the global financial markets played a role in weaker issuance levels in the second quarter of 2012. European leveraged finance issuance (leveraged loans and high yield bonds) declined considerably in Q2’12, with EUR 27.8 billion issued, a 38.9% and 35.8% de-crease, respectively, quarter-over-quarter (q-o-q) and year-over-year (y-o-y). Market share of high yield bond issuance declined slightly in 2Q’12 to 36.8%, from 41.1% in 1Q’12 and 46.0% in 2Q’11.

About the Report

Done in partnership with AFME High Yield Division, the AFME Leveraged Loan and High Yield report is a quarterly report on the trends and statistics of the European leveraged finance market, including both high yield loans and leveraged loans. Issuance volumes, credit trends, global comparative issuance data, market highlights and commentary are included.

For more information on AFME’s efforts in the European leveraged finance sector, please visit AFME.

Credits

AFME

• Director, Gary Simmons

SIFMA Research

• Managing Director, Director of Research: Kyle Brandon
• Director: Sharon Sung