The global high yield bond market demonstrated resilience in the first quarter of 2023, according to research by law firm, White & Case. High yield bond issuance totalled $29 billion in the US; $15 billion in Western and Southern Europe; and $2.1 billion in Asia-ex Japan, marking growth of 130%, 65% and 91% in each respective region, compared to the value of bonds issued during the last quarter of 2022.
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