Europe's junk bond issuance reached a record monthly total of 22.5 billion euros.

Jin10 Data reported on July 1 that the European high-yield bond market set a new record for issuance in June, as investors continued to flock to this asset class, which offers attractive yields and relative stability. Data compiled by institutions show that companies issued a total of 22.5 billion euros (approximately 26.6 billion dollars) in junk bonds last month, nearly 4 billion euros higher than the previous record set in June 2021. This month, the market welcomed a landmark transaction — Flora Food Group BV, supported by KKR Group, completed its first CCC-rated bond pricing in nearly a year on Monday, with this rating being one of the lowest in the credit rating spectrum.