High-yield bond issuance in European currencies this year has already surpassed the amount raised over the whole of 2012, with bankers predicting a record year.
According to data compiled by JP Morgan, as of last Thursday the local currency market in European high-yield - mostly comprising sterling and euro-denominated issuance - was worth €37.7bn. The full-year tally for 2012 was €37.4bn.
