•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

By Anna Soroka, Rafael Roberti and Jessica Zhou from international law firm White & Case.

The high-yield bond markets in the US and Europe sprang back to life in Q1 2024, with issuance showing strong gains after a slow 2023.

US high-yield bond issuance for Q1 2024 came in at US$68.6 billion, almost doubling the US$35.2 billion raised a year ago in Q1 2023, and more than double the issuance of the US$33.4 billion recorded in Q4 2023.

Moreover, issuance in Q1 of this year is consistent with the levels recorded pre-pandemic-just a little north of the US$68.5 billion recorded during the first three months of 2020, and 21% higher than the US$56.7 billion of high-yield bonds issued in Q1 2019.

Source

Activity levels in Western and Southern Europe were similarly buoyant, with year-on-year issuance climbing by 75.8% from US$21.9 billion in Q1 2023 to US$38.5 billion in Q1 2024. On a quarterly basis, issuance increased by 172.6% from the US$14.1 billion logged in Q4 2023.

In contrast, issuance conditions in APAC (excl. Japan) have remained challenging. High yield issu......................

To view our full article Click here