Effective 1 November 2009, this website is no longer being updated. Please see AFME's new website at www.afme.eu. For content specific to the EHYA, please see the page for AFME's new Leveraged Finance Division.

EHYA Research

Summer 2009 European Second Quarter High Yield and Leveraged Loan Report
Primary European Leveraged Credit Markets Improve in Second Quarter; Global Credit Market Conditions Remain Weak But Show Signs of Improvement; Recession May Be Nearing an End

Spring 2009 European First Quarter High Yield and Leveraged Loan Report
Primary European Leveraged Credit Markets Quiet in First Quarter; Only One High Yield Bond Issue; Global Credit Market Conditions Remains Weak But Shows Signs of Improvement

Winter 2008/9 European Fourth Quarter High Yield and Leveraged Loan Report
Primary European Leveraged Credit Markets Were Silent in Winter with No High Yield Bond Issues in the Fourth Quarter; Difficult Global Credit Market Conditions Dominate the Outlook

Autumn 2008 European Quarterly High Yield and Leveraged Loan Report
Primary European Leveraged Credit Markets Remained Quiet in the Autumn with No High Yield Bond Issues in the Third Quarter; Difficult Global Credit Market Conditions Dominate the Outlook

Summer 2008 European Quarterly High Yield and Leveraged Loan Report
Primary European Leveraged Credit Markets Slumber in the Summer with No High Yield Bond Issues in the Second Quarter; Performance Recovers Early, then Recedes

European First Quarter High Yield and Leveraged Loan Report  
Primary European Leveraged Credit Markets Remain Subdued Amidst Continued Global Market Stress as Total Issuance Drops to €11.1 Billion in First Quarter with No High Yield Bond Issues in the Quarter; Signs of Firming Prices Late in the Quarter

Bruegel Policy Brief - January 2008
Financing Europe's Fast Movers

Winter 2007 European Quarterly High Yield and Leveraged Loan Report
European Leveraged Finance Ends the Year with a Thud as Volume Drops in the Second Half on Diminished Liquidity and Global Credit Market Uncertainty; Total 2007 Issuance Volume of €278.5 Billion Surpassed 2006.

Autumn 2007 European Quarterly High Yield and Leveraged Loan Report
European Leveraged Finance Volume Drops to €47.4 Billion in the Third Quarter as Liquidity Dries Up, But Year-to-Date Issuance Remains Ahead of Last Year at €243.3 Billion and There Are Signs of Renewed Market Vitality at Quarter-End

Summer 2007 European Quarterly High Yield and Leveraged Loan Report
European Leveraged Finance has Blockbuster Firsl half with Combined Leveraged Loan and Bond Issuance Surpassing €150 Billion; Credit Quality Metrics Solid Despite Global Credit Market Repricing, Higher Risk Profile

Spring 2007 European Quarterly High Yield Inaugural Report
European High-Yield Corporate Bond Issuance Surges from Strong 2006 Pace to €12.7 Billion in the First Quarter of 2007, 78.9 Percent Higher than Last Year; More Floating Rate Notes; Sector Continues to Perform Well.

Transparency of European (Investment Grade) Corporate Bond Markets- May 2006
The European High Yield Association, together with a cross market group of associations, published an independent study on the corporate investment grade bond market in Europe, European Corporate Bond Markets:Ttransparency, Liquidity, Efficiency.