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 September 2021     ICE Data Services IG corporate bond traded volumes - non-financials September 20
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%
Source: ICE Data Services

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%
Source: ICE Data Services

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%
Source: ICE Data Services

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%
Source: ICE Data Services

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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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