European HY hits new pitch of intensity as 17 deals cram into hot market

European high yield practitioners have had much to shout about in the past year, with stellar returns for investors in 2012 and a remarkably strong market in 2013, which has now lasted for an unusual eight months without any grave shock or disruption, writes Stefanie Linhardt. But this week’s spate of 17 deals being marketed at once — beating the previous record of 12 — astonished even the market’s most ardent supporters.