Market Volume: Observed trades in EUR and GBP investment grade corporate bonds

ICE Data Services incorporates a combination of publicly available data sets from trade repositories as well as proprietary and non-public sources of market colour and transactional data across global markets, along with evaluated pricing information and reference data to support statistical calibrations.

The market volume evolution represents the changes in the monthly aggregate volumes of all observed trades in securities in the relevant group, based to 100 as at September 2015. EUR Financials include approximately 4000 securities, GBP Financials 1500, EUR Non-Financials 3000, and GBP Non-Financials 1000.

ICMA intends to publish and monitor the market volume of IG Financials and Non-Financials on a monthly basis upon necessary permission of ICE Data Services.
 
ICE Data Services IG corporate bond traded volumes - financials June 2021     ICE Data Services IG corporate bond traded volumes - non-financials June 2021
Source: ICE Data Services

Top-traded corporate bonds in June 2021 (by volume)

ICE Data Services sources publicly available data sets from trade repositories and procures information from non-public sources of market colour and transactional data across global markets. Additionally, market colour, bid lists, dealer runs, and other transactional data is received from their global network of clients on the buy-side and sell-side.

While the rankings are based on traded volumes, the right-hand column (of below tables) indicates the relative volume of each bond expressed as a percentage of the most actively traded bond’s volume (100%).

EUR Financials
Rank Issuer Coupon and Maturity ISIN Relative volume
1 BANKINTER SA 1.25%-FRN LT2 23/12/32 ES0213679OF4 100%
2 KREDITANST FUR WIE 1.125% SNR 15/06/37 DE000A2DAR40 81%
3 KREDITANST FUR WIE 0% GTD SNR 15/06/26 DE000A3H3E76 63%
4 CSE D'AMORT DETTE 0% SNR 25/11/26 FR0014004016 54%
5 CSE D'AMORT DETTE 0.125% SNR 25/10/23 FR0013344181 43%
6 AGENCE FRANCE LOCA 0% SNR EMTN 20/03/31 FR0014001LQ5 42%
7 KREDITANST FUR WIE 0.375% GTD SNR 15/03/23 DE000A168Y22 37%
8 KREDITANST FUR WIE 0.125% GTD SNR 07/06/23 DE000A2LQHV8 33%
9 KREDITANST FUR WIE 0% GTD SNR 30/06/23 DE000A289RC9 32%
10 KREDITANST FUR WIE 0% GTD SNR 18/02/25 DE000A254PM6 31%
Source: ICE Data Services

GBP Financials
Rank Issuer Coupon and Maturity ISIN Relative volume
1 KREDITANST FUR WIE 0.875% GTD SNR 15/09/26 XS2034715305 100%
2 LANDWIRT RENTENBK 1.375% GTD SNR 08/09/25 XS1872363558 29%
3 KREDITANST FUR WIE 1.25% SNR 29/12/23 XS1850250710 18%
4 KOMMUNEKREDIT 0.375% SNR 15/11/24 XS2342994170 15%
5 NATWEST GROUP PLC 2.105%-FRN LT2 28/11/31 XS2346516250 12%
6 KREDITANST FUR WIE 1.375% SNR 15/12/25 XS1950905486 11%
7 ELVET MORTGAGES FRN M/BKD 03/65 XS2176220429 11%
8 Export Development Canada FRN UNSUB 24/05/23 XS1824425422 10%
9 SKIPTON BS FRN GTD SNR 05/23 XS1815379497 9%
10 VMED O2 UK FING I 4% SNR SEC 31/01/29 XS2231189924 9%
Source: ICE Data Services

EUR Non-Financials
Rank Issuer Coupon and Maturity ISIN Relative volume
1 UNEDIC 0.01% GTD SNR 25/05/31 FR0014002P50 100%
2 FRAPORT AG 1.875% SNR 31/03/28 XS2324724645 77%
3 ESSILORLUXOTTICA 0% SNR EMTN 27/05/23 FR0013463643 67%
4 PROJECT LIETZENBUR 3% GTD 28/11/23 DE000A3KRDQ5 64%
5 NORDRH-WESTFALEN 0% SNR 02/04/24 DE000NRW0L93 59%
6 ENEL FIN INT NV 0.875% GTD SNR 17/06/36 XS2353182376 58%
7 RYANAIR DAC 0.875% GTD SNR 25/05/26 XS2344385815 55%
8 UNEDIC 0% GTD SNR 05/03/30 FR0013489259 49%
9 AUTOSTRADE 2% SNR 15/01/30 XS2278566299 48%
10 SANOFI 0.5% SNR EMTN 21/03/23 FR0013324332 44%
Source: ICE Data Services

GBP Non-Financials
Rank Issuer Coupon and Maturity ISIN Relative volume
1 SNCF RESEAU 5.25% SNR EMTN 07/12/28 XS0096412548 100%
2 CORNWALL JERSEY LD 0.75% EXCH GTD 16/04/26 XS2332692719 97%
3 AKELIUS RESIDENT P 2.375% SNR 15/08/25 XS1684269761 88%
4 AUTOSTRADE 6.25% GTD SNR 09/06/22 XS0193942124 86%
5 AVIVA 6.125%-FRN SUB 14/11/36 XS0138717441 86%
6 CANARY WHARF GRO 3.375% SNR SEC 23/04/28 XS2327414731 85%
7 JUST GROUP PLC 8.125% LT2 26/10/29 XS2059770409 69%
8 MILLER HOMES GROUP FRN GTD SNR SEC 10/23 XS1689521802 63%
9 DEUCE FINCO PLC 5.5% SNR SEC 15/06/27 XS2351480996 63%
10 LVMH MOET HENNESSY 1.125% SNR 11/02/27 FR0013482866 61%
Source: ICE Data Services

Download


Historical data of the most actively traded corporate bonds on a monthly basis can be found below:

May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020

January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018




This document is provided for information purposes only and should not be relied upon as legal, financial, or other professional advice. While the information contained herein is taken from sources believed to be reliable, ICMA does not represent or warrant that it is accurate or complete and neither ICMA nor its employees shall have any liability arising from or relating to the use of this publication or its contents.    

© International Capital Market Association (ICMA), Zurich, 2021. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without permission from ICMA.
ICMA Zurich

T: +41 44 363 4222
Dreikönigstrasse 8
8002 Zurich
ICMA London

T: +44 20 7213 0310
110 Cannon Street
London EC4N 6EU
ICMA Paris

T: +33 1 70 17 64 72
62 rue la Boétie
75008 Paris
ICMA Brussels

T: +32 2 801 13 88
Avenue des Arts 56
1000 Brussels
ICMA Hong Kong

T: +852 2531 6592
Unit 3603, Tower 2
Lippo Centre
89 Queensway, Admiralty
Hong Kong
 
Copyright © 2021 International Capital Market Association.