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- ICE Data Services (IG corporate bond traded volumes)
ICE Data Services (IG corporate bond traded volumes)
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
Source: ICE Data Services
Top-traded corporate bonds in August 2018 (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 | KREDITANST FUR WIE | 0.375% GTD SNR 15/03/23 | DE000A168Y22 | 100% |
| 2 | KREDITANST FUR WIE | 0.25% GTD 15/09/25 | DE000A2LQH10 | 34% |
| 3 | KREDITANST FUR WIE | 0.625% GTD SNR 07/01/28 | DE000A2GSNR0 | 21% |
| 4 | ING GROEP N.V. | 2% SNR 20/09/28 | XS1882544973 | 19% |
| 5 | DANSKE BANK A/S | 0.875% SNR 22/05/23 | XS1799061558 | 19% |
| 6 | INTESA SANPAOLO | 2.125% SNR 30/08/23 | XS1873219304 | 18% |
| 7 | DANSKE BANK A/S | 2.75%-STP SUB 19/05/26 | XS1068866950 | 12% |
| 8 | SOCIETE GENERALE | 1.125% GTD SNR 23/01/25 | FR0013311503 | 11% |
| 9 | SOCIETE GENERALE | 0.25% GTD SNR 18/01/22 | FR0013365491 | 11% |
| 10 | GRIFONAS FIN.NO.1 | FRN M/BKD 08/39 | XS0262719320 | 10% |
GBP Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | KREDITANST FUR WIE | 0.375% SNR 15/12/20 | XS1682440026 | 100% |
| 2 | KREDITANST FUR WIE | 1.25% GTD SNR 29/12/23 | XS1850250710 | 99% |
| 3 | KREDITANST FUR WIE | 1.125% SNR 23/12/19 | XS1167129110 | 76% |
| 4 | WARWICK FIN RES.MT | FRN M/BKD 09/49 | XS1221082958 | 55% |
| 5 | WARWICK FIN RES.MT | FRN M/BKD 09/49 | XS1255425495 | 50% |
| 6 | FMS WERTMANAGEMENT | 0.875% GTD SNR | XS1522357471 | 33% |
| 7 | LLOYDS BANK PLC |
FRN GTD SNR 01/20 | XS1549577408 | 28% |
| 8 | FMS WERTMANAGEMENT | 1.125% SNR 07/09/23 | XS1700386060 | 23% |
| 9 | KREDITANST FUR WIE | 0.875% SNR 15/03/22 | XS1548459178 | 22% |
| 10 | FMS WERTMANAGEMENT | 1% SNR 07/09/22 | XS1747635859 | 20% |
EUR Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | BAYER CAP CORP B.V | 1.5% GTD SNR 26/06/26 | XS1840618059 | 100% |
| 2 | TOTAL CAPITAL INTL | 1.491% GTD SNR 04/09/30 | XS1874122267 | 95% |
| 3 | ANHEUSER-BUSCH INB | 2% GTD SNR 17/03/28 | BE6285455497 | 92% |
| 4 | MICHELIN (CGDE) | 2.5% SNR 03/09/38 | FR0013357860 | 83% |
| 5 | AXA | 3.25%-FRN SUB 28/05/49 | XS1799611642 | 81% |
| 6 | CASINO GUICH-PERR | 5.976%-VAR SNR 26/05/21 | FR0011052661 | 76% |
| 7 | MAPFRE SA | 4.125%-FRN LT2 07/09/48 | ES0224244097 | 76% |
| 8 | TELECOM ITALIA SPA | 2.875% SNR 28/01/26 | XS1846631049 | 73% |
| 9 | BMW FINANCE NV | 0.125% GTD SNR 29/11/21 | XS1873143561 | 70% |
| 10 | MICHELIN (CGDE) | 1.75% SNR 03/09/30 | FR0013357852 | 69% |
GBP Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | VIRGIN MEDIA | 5.5% SNR 15/09/24 | XS1498566766 | 100% |
| 2 | AT&T INC | 2.9% SNR 04/12/26 | XS1879223565 | 89% |
| 3 | NETWORK RAIL INFRA | 4.75% SNR SEC 29/11/35 | XS0206361221 | 86% |
| 4 | GARFUNKELUX HOLDC3 | 8.5% SNR SEC 01/11/22 | XS1308300059 | 76% |
| 5 | WHITBREAD | 3.375% GTD SNR 16/10/25 | XS1235295539 | 74% |
| 6 | PIZZAEXPRESS FIN 1 | 6.625% GTD 01/08/21 | XS1028948120 | 68% |
| 7 | TOWD PT MTG FDG | FRN M/BKD 07/46 | XS1394069154 | 68% |
| 8 | UNITED UTILS WATER | IDX/LKD SNR 11/08/56 | XS0263551177 | 68% |
| 9 | NETWORK RAIL INFRA | 4.75% GTD 22/01/24 | XS0210467873 | 66% |
| 10 | EDF | 6% SNR EMTN 23/01/2114 | FR0011710284 | 65% |
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Historical data of the most actively traded corporate bonds on a monthly basis can be found below:
August 2018
July 2018
June 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, 2018. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without permission from ICMA.
