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Global High-Yield Bond Study

Proskauer's Global Capital Markets Group Releases 2017 Global High-Yield Bond Study


2017 Global High-Yield Bond Study
Download the 2017 Global High-Yield Bond Study
 
The study offers key market participants — dealmakers, issuers and investors — valuable insight into actual market practice for high-yield deals.

Using our extensive proprietary database of more than 1,500 global high-yield deals since 2011, the study provides a detailed review of deals closed between 2012 and 2015 on an annual and year-over-year basis. It breaks down deal terms by categories that include geography, deal size, industry, credit rating and whether sponsor-backed.
Read more. 

 

 

We welcome any questions or comments. Please direct your feedback to:


Justin Breen
Head, Leveraged Finance Group
+1.212.969.3055  


Philippa M. Bond
Co-head, Global Capital Markets
+1.310.284.5607


Stephen P. Gruberg
Partner, Leveraged Finance Group
+1.212.969.3004


 

Frank J. Lopez
Co-head, Global Capital Markets
+1.212.969.3492 


Maximilian P. Kirchner
Partner, Global Capital Markets
+44.20.7539.0621


 

To request a hard copy and/or to schedule an in-person presentation, contact corporate finance analysts Anthony McIntyre at +1.212.969.5343 /  , or James Duong at +1.212.969.3508 /  .

 

 

2016 Global High-Yield Bond Study: Innovative annual study illuminates current market standard for business and legal terms in high-yield deals


2016 Global High-Yield Bond Study
Download the 2016 Global High-Yield Bond Study
 
The Study provides an in-depth analysis of financial and legal terms in high-yield bond deals. The study offers key market participants — dealmakers, issuers and investors — valuable insight into actual market practice for high-yield deals.

Using our extensive proprietary database of more than 1,500 global high-yield deals since 2011, the study provides a detailed review of deals closed between 2012 and 2015 on an annual and year-over-year basis. It breaks down deal terms by categories that include geography, deal size, industry, credit rating and whether sponsor-backed.
Read more. 

 

 


 

2015 Annual Global High-Yield Bond Study: Identifies current market standard for HY deals' financial and legal terms


2015 Global High-Yield Bond Study
Download the 2015 Global High-Yield Bond Study
 
The Study provides an in-depth analysis of financial and legal terms in high-yield bond deals. The study offers key market participants — dealmakers, issuers and investors — valuable insight into actual market practice for high-yield deals.

Using our extensive proprietary database, the study provides a detailed review of more than 1,200 global deals closed between 2011 and 2014 on an annual and year-over-year basis. It breaks down deal terms by categories that include geography, deal size, industry, ratings and existence of sponsor backing. 
Read more. 

 

 


 

2014 Annual Global High-Yield Bond Study: Proprietary study provides insight into deal terms


2014 Global High-Yield Bond Study
Download the 2014 Global High-Yield Bond Study
 
The Study provides market participants with a detailed review of over 900 high-yield deals closed between 2011 and 2013, and defines "what is market" in global high-yield bond deals. Deal terms are segmented by key categories, including industry, geography, deal size, ratings, existence of sponsor-backing, and size of issuer. The study includes an analysis of the percentage of deals within each segment that contain certain key negotiated covenants and, for those covenants with an associated dollar basket, calculates the basket as a percentage of EBITDA and total issuer assets.

Importantly, this third release of the Global High-Yield Bond Study provides market participants with an in-depth, year-over-year (2011-2013) analysis of deal trends and market terms utilizing our proprietary underlying database.


 


 

2013 Annual Global High-Yield Bond Study: Defines current market standards in high-yield bond deals


2013 Global High-Yield Bond Study
Download the 2013 Global High-Yield Bond Study
 
The Study offers rare insight into the mechanics of high-yield deals, as well as visibility on key aspects of deal negotiations — both of which can be of great value to high-yield market participants (banks, sponsors, corporates and investors).