HY bond issuance in 1H23 totaled at USD 91.4bn, a 42% YoY decrease from 1H22.
Kirkland & Ellis ranked No.1 in the North America HY Bonds Issuers' Legal Counsel League Table, taking around 14% market share by volume. Cahill Gordon & Reindel topped the North America HY Bonds Managers' Legal Counsel League Table, obtaining roughly 24% market share by volume.
The full rankings are available to download on the right.
All rankings are based on data submitted to Debtwire Par. Corporate High Yield Bonds: are below investment grade issues at the designated time of pricing. If the issue is not rated, inclusion of the following covenant may determine High Yield status: 1) restricted payment test; 2) debt incurrence test. Unrated issuers without such covenants may be excluded from High Yield volume and league tables. Unrated Nordic* issues, greater than approximately €50m-equivalent, priced above 300 bps for floating-rate notes and 5% for fixed-rate notes, shall be considered high-yield if issued under normal market conditions. For more details on our criteria or any other query please contact us at bonds@iongroup.com.
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