Private Equity

European leveraged finance market takes surprise turn

Loans account for less than 50% of European leveraged finance year-to-date for the first time on record

European leveraged finance market takes surprise turn

The value of European high-yield bond issuance has overtaken that of leveraged loans so far this year for the first time on record, a shift that has surprised industry figures amid a highly liquid loan market.

European leveraged loans, comprising both corporate and private equity borrowing, account for 46% of the $60.9 billion total European leveraged finance market so far this year, according to data provider Dealogic.

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