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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 September 2019 (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% GTD SNR 30/06/21 | DE000A2AARZ5 | 100% |
| 2 | MAGNOLIA FIN XI DA | IDX/LKD EMTN 30/06/24 | XS2055646165 | 41% |
| 3 | BNG BANK N.V. | 0.75% SNR 24/01/29 | XS1940071597 | 34% |
| 4 | KREDITANST FUR WIE | 0% GTD SNR 04/07/24 | DE000A2TSTS8 | 30% |
| 5 | HIPOCAT 9 | FRN M/BKD 07/38 | ES0345721015 | 29% |
| 6 | KREDITANST FUR WIE | 1.5% GTD SNR 11/06/24 | DE000A1R0709 | 24% |
| 7 | KREDITANST FUR WIE | 0.375% GTD SNR 23/04/25 | DE000A2GSNW0 | 21% |
| 8 | NRW BANK | 0% SNR 10/08/22 | DE000NWB17X6 | 21% |
| 9 | KREDITANST FUR WIE | 0.625% GTD SNR 15/01/25 | DE000A11QTD2 | 20% |
| 10 | INTESA SANPAOLO | 1.75% SNR EMTN 04/07/29 | XS2022424993 | 20% |
GBP Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | KREDITANST FUR WIE | 1.375% GTD SNR 01/02/21 | XS1346200055 | 100% |
| 2 | WARWICK FIN RES.MT | FRN M/BKD 09/49 | XS1255425495 | 96% |
| 3 | KREDITANST FUR WIE | 1.25% SNR 29/12/23 | XS1850250710 | 74% |
| 4 | KREDITANST FUR WIE | 1.375% GTD SNR 09/12/24 | XS1941813617 | 51% |
| 5 | KREDITANST FUR WIE | 0.875% GTD SNR 15/03/22 | XS1548459178 | 32% |
| 6 | GOLDMAN SACHS GRP | 3.125% SNR 25/07/29 | XS1859424902 | 25% |
| 7 | HSBC HOLDINGS PLC | 2.175%-FRN SNR 27/06/23 | XS1823595647 | 18% |
| 8 | KREDITANST FUR WIE | 1.375% GTD SNR 15/12/25 | XS1950905486 | 18% |
| 9 | ASTON MARTIN CAP H | 5.75% GTD 15/04/22 | XS1533915564 | 16% |
| 10 | NEWGATE FUND.PLC | FRN M/BKD 12/50 | XS0257991603 | 16% |
EUR Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | THOMAS COOK GROUP | 6.25% GTD SNR 15/06/22 | XS1531306717 | 100% |
| 2 | VODAFONE GROUP | STP-FRN SUB 03/01/79 | XS1888179477 | 54% |
| 3 | THOMAS COOK FINA 2 | 3.875% GTD SNR 15/07/23 | XS1733231663 | 51% |
| 4 | NORDRH-WESTFALEN | 2.15% GTD SNR 21/03/19 | DE000NRW0LQ9 | 42% |
| 5 | MTU AERO ENGINES A | 0.125% CNV SNR 17/05/23 | DE000A2AAQB8 | 40% |
| 6 | GLAXOSMITHKLINE CA | 0% GTD SNR 12/09/20 | XS1681518962 | 40% |
| 7 | ALTICE LUXEMBOURG | 8% GTD SNR 15/05/27 | XS1992154341 | 37% |
| 8 | DH EUROPE FINANCE2 | 1.35% GTD SNR 18/09/39 | XS2050406177 | 31% |
| 9 | THYSSENKRUPP AG | 1.875% SNR 06/03/23 | DE000A2YN6V1 | 30% |
| 10 | LECTA SA | 6.5% GTD 01/08/23 | XS1458413728 | 28% |
GBP Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | NORDRH-WESTFALEN | IDX/LKD SNR 29/10/21 | XS1900543577 | 100% |
| 2 | OPTIVO FINANCE PLC | 3.283% SNR 22/03/48 | XS1787409033 | 100% |
| 3 | GARFUNKELUX HOLDC | 11% GTD 01/11/23 | XS1308316568 | 90% |
| 4 | SCOT POWER UK PLC | 6.375%-VAR SNR 31/05/41 | XS0129647813 | 83% |
| 5 | CATALYST HOUSING | 3.125% SNR SEC 31/10/47 | XS1706110555 | 73% |
| 6 | ROTHESAY LIFE PLC | 5.5%-FRN LT2 17/09/29 | XS2049622272 | 68% |
| 7 | FCE BANK | 3.25% SNR EMTN 19/11/20 | XS0995022406 | 65% |
| 8 | FIDELITY NATL INF | 2.602% SNR 21/05/25 | XS1843436061 | 63% |
| 9 | AT&T INC | 7% SNR 30/04/40 | XS0426513387 | 48% |
| 10 | MOTABILITY OPERATI | 1.75% GTD SNR 03/07/29 | XS2021471862 | 47% |
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Historical data of the most actively traded corporate bonds on a monthly basis can be found below:
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
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, 2019. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without permission from ICMA.
