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.
Source: ICE Data Services
Top-traded corporate bonds in September 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 | CSE D'AMORT DETTE | 0.125% SNR 15/09/31 | FR0014005FC8 | 100% |
| 2 | KREDITANST FUR WIE | 0% GTD SNR 09/11/28 | DE000A3E5LU1 | 91% |
| 3 | KREDITANST FUR WIE | 0% GTD SNR 15/09/31 | XS2388457264 | 85% |
| 4 | KREDITANST FUR WIE | 0% GTD SNR 10/01/31 | DE000A3H2ZF6 | 60% |
| 5 | SLM STUDENT LN TST | FRN A/BKD 10/39 | XS0194143532 | 58% |
| 6 | KREDITANST FUR WIE | 0% GTD SNR 04/07/24 | DE000A2TSTS8 | 57% |
| 7 | BNG BANK N.V. | 0.125% SNR 19/04/33 | XS2332592760 | 56% |
| 8 | KREDITANST FUR WIE | 0.25% GTD SNR 15/09/25 | DE000A2LQH10 | 46% |
| 9 | KREDITANST FUR WIE | 0.75% GTD SNR 15/01/29 | DE000A2LQSN2 | 45% |
| 10 | CRED SUISSE LONDON | FR SNR EMTN 09/23 | XS2381633150 | 44% |
GBP Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | KREDITANST FUR WIE | 1.25% SNR 29/12/23 | XS1850250710 | 100% |
| 2 | KREDITANST FUR WIE | 0.875% GTD SNR | XS2034715305 | 74% |
| 3 | DRIVER UK MAST 2 | FRN 05/25 | XS1434683998 | 57% |
| 4 | NRW BANK | 0.375% GTD SNR 16/12/24 | XS2193877177 | 45% |
| 5 | KREDITANST FUR WIE | 1% GTD SNR 15/12/22 | XS1752440773 | 13% |
| 6 | EG GLOBAL FIN PLC | 6.25% GTD 30/03/26 | XS2310055525 | 12% |
| 7 | KREDITANST FUR WIE | 0.875% SNR 18/07/24 | XS2100726244 | 9% |
| 8 | LLOYDS BANK PLC | FRN GTD SNR 05/24 | XS1996336357 | 9% |
| 9 | KREDITANST FUR WIE | 1.375% SNR 15/12/25 | XS1950905486 | 9% |
| 10 | VMED O2 UK FING I | 4.5% SNR SEC 15/07/31 | XS2358483258 | 7% |
EUR Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | Quebec (Province Of) | 0.25% SNR NTS 05/05/31 | XS2338991941 | 100% |
| 2 | DANFOSS FINANCE I | 0.125% GTD SNR 28/04/26 | XS2332689418 | 81% |
| 3 | EASYJET FINCO B.V | 1.875% GTD SNR 03/03/28 | XS2306601746 | 78% |
| 4 | UNIPOL GRUPPO SPA | 3.25% SNR EMTN 23/09/30 | XS2237434803 | 73% |
| 5 | ALSTOM | 0.5% SNR 27/07/30 | FR0014004R72 | 68% |
| 6 | STELLANTIS N.V | 1.25% SNR EMTN 20/06/33 | XS2356041165 | 68% |
| 7 | VONOVIA SE | 0.75% SNR 01/09/32 | DE000A3MP4V7 | 65% |
| 8 | NOVO NORDISK FINAN | 0% GTD SNR 04/06/24 | XS2348030268 | 61% |
| 9 | VALLOUREC SA | 8.5% SNR 30/06/26 | XS2352739184 | 58% |
| 10 | ALTICE FINANCING S | 4.25% GTD 15/08/29 | XS2373430425 | 58% |
GBP Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | HENKEL AG&CO. KGAA | 1% SNR 30/09/22 | XS2057835717 | 100% |
| 2 | CORNWALL JERSEY LD | 0.75% EXCH GTD 16/04/26 | XS2332692719 | 81% |
| 3 | STONEGATE PUB CO | 8.25% GTD 31/07/25 | XS2210014788 | 73% |
| 4 | ONTARIO(PROV OF) | 0.25% SNR 15/12/26 | XS2283226798 | 67% |
| 5 | HEATHROW FUNDING | 7.125% A/BKD 14/02/24 | XS0746068732 | 62% |
| 6 | BERKELEY GROUP PLC | 2.5% GTD SNR 11/08/31 | XS2370445921 | 60% |
| 7 | HEATHROW FUNDING | 6.75% A/BKD 03/12/28 | XS0471436088 | 57% |
| 8 | METROPOLITAN HOUS | 1.875% SNR SEC 28/07/36 | XS2368896457 | 54% |
| 9 | BP CAPITAL MARKETS | 1% CNV GTD SNR 28/04/23 | XS1410519976 | 54% |
| 10 | PINNACLE BIDCO PLC | 6.375% GTD 15/02/25 | XS1756633126 | 53% |
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Historical data of the most actively traded corporate bonds on a monthly basis can be found below:
August 2021
July 2021
June 2021
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
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