European leveraged loan issuance will reach €75 billion next year, amid growing appetite among banks and record levels of dry powder held by buyout firms, predicts Fitch Ratings.

Issuance of €75 billion would compare with an estimated €60 billion for 2014 and about €150 billion during the boom in 2006, when mega-buyouts and large dividend recapitalisations boosted the figures, according to Fitch.