HY bond issuance in 1H23 totaled USD 35.9bn via 91 transactions.

Latham & Watkins bagged the number one position in the 1H23 Western Europe Issuer’s Legal Counsel, whereas White & Case was placed in 2nd position. Allen & Overy LLP topped the 1H23 Western Europe Lender’s Legal Counsel, obtaining roughly 26% 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 [email protected].