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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 | 0.125% CCUR 01/06/20 | DE000A168Y06 | 100% |
| 2 | NRW BANK | 0% GTD SNR 30/11/20 | DE000NWB17J5 | 26% |
| 3 | GOLDMAN SACHS GRP | 2% SNR EMTN 01/11/28 | XS1861206636 | 22% |
| 4 | KREDITANST FUR WIE | 0.625% GTD SNR 22/02/27 | DE000A2DAR65 | 20% |
| 5 | KREDITANST FUR WIE | 0.125% GTD 07/06/23 | DE000A2LQHV8 | 20% |
| 6 | KREDITANST FUR WIE | 0% GTD SNR 25/05/21 | DE000A2LQHU0 | 16% |
| 7 | KREDITANST FUR WIE | 0.625% GTD SNR 07/01/28 | DE000A2GSNR0 | 15% |
| 8 | KREDITANST FUR WIE | 0.625% GTD SNR 15/01/25 | DE000A11QTD2 | 14% |
| 9 | Citigroup Inc. | FXD-FRN SNR EMTN 24/07/26 | XS1859010685 | 13% |
| 10 | BBVA(BILB-VIZ-ARG) | 1.375% SNR MTN 14/05/25 | XS1820037270 | 12% |
GBP Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | KREDITANST FUR WIE | 0.375% SNR 15/12/20 | XS1682440026 | 100% |
| 2 | NRW BANK | 1% SNR 15/06/22 | XS1708493702 | 96% |
| 3 | BANK OF MONTREAL | FRN GTD SNR 07/20 | XS1648241872 | 65% |
| 4 | BK NED GEMEENTEN | 1% SNR 15/03/22 | XS1548897013 | 50% |
| 5 | KREDITANST FUR WIE | 1.125% SNR 23/12/19 | XS1167129110 | 42% |
| 6 | RIVERSIDE FINANCE | 3.875% SNR SEC 05/12/44 | XS1148849018 | 41% |
| 7 | KREDITANST FUR WIE | 1% GTD EMTN 15/12/22 | XS1752440773 | 36% |
| 8 | GOLDMAN SACHS GRP | 3.125% SNR MTN 25/07/29 | XS1859424902 | 33% |
| 9 | HSBC HOLDINGS PLC | 2.625% SNR 16/08/28 | XS1473485925 | 32% |
| 10 | KREDITANST FUR WIE | 5.55% GTD SNR 07/06/21 | XS0138036412 | 29% |
EUR Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | BAYER CAP CORP B.V | 2.125% GTD SNR 15/12/29 | XS1840618216 | 100% |
| 2 | BAYER AG | 3%-FRN SUB 01/07/75 | DE000A11QR65 | 79% |
| 3 | SOFTBANK GROUP CO | 5% SNR 15/04/28 | XS1793255941 | 76% |
| 4 | BAYER CAP CORP B.V | 1.5% GTD SNR 26/06/26 | XS1840618059 | 76% |
| 5 | ATLANTIA SPA | 1.875% SNR 13/07/27 | XS1645722262 | 64% |
| 6 | AUTOSTRADE PER L'I | 1.625% SNR 12/06/23 | IT0005108490 | 64% |
| 7 | BAYER AG | 2.375%-FRN SUB 02/04/75 | DE000A14J611 | 62% |
| 8 | BAYER CAP CORP B.V | 0.625% GTD SNR 15/12/22 | XS1840614900 | 56% |
| 9 | BAYER AG | 3.75%-FRN SUB 01/07/74 | DE000A11QR73 | 53% |
| 10 | TELE COLUMBUS AG | 3.875% SNR SEC 02/05/25 | XS1814546013 | 53% |
GBP Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | NEW LOOK SECURED I | 6.5% GTD 01/07/22 | XS1248516616 | 100% |
| 2 | SCOT POWER UK PLC | 6.375%-VAR SNR 31/05/41 | XS0129647813 | 86% |
| 3 | PIZZAEXPRESS FIN 1 | 6.625% GTD 01/08/21 | XS1028948120 | 75% |
| 4 | BAT INTL FINANCE | 2.25% GTD SNR 09/09/52 | XS1488409977 | 67% |
| 5 | AUTOSTRADE PER L'I | 6.25% GTD SNR 09/06/22 | XS0193942124 | 56% |
| 6 | KIRS MIDCO 3 PLC | 8.375% GTD 15/07/23 | XS1623760128 | 56% |
| 7 | VIRGIN MEDIA | 5.75% SNR MTN 15/04/23 | XS1797821037 | 49% |
| 8 | IMPERIAL BRANDS FI | 4.875% GTD SNR 07/06/32 | XS1040508597 | 44% |
| 9 | ANHEUSER-BUSCH INB | 2.85% GTD SNR 25/05/37 | BE6295395956 | 42% |
| 10 | WHITBREAD | 3.375% GTD SNR 16/10/25 | XS1235295539 | 42% |
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Historical data of the most actively traded corporate bonds on a monthly basis can be found below:
July 2018
June 2018
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© 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.
