European high-yield M&A volumes at three-year high

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European high-yield issuance backing M&A activity has surged to a three-year high in 2018 thanks to record levels of global M&A.

Year-to-date such borrowing stands at €10.8bn, according to data from Deutsche Bank, a 66% increase on the €6.5bn that cleared the market in the whole of 2017.

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