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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 February 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 | 0.75% GTD SNR 15/01/29 | DE000A2LQSN2 | 100% |
| 2 | KREDITANST FUR WIE | 0% GTD SNR 02/04/2024 | DE000A2LQSP7 | 96% |
| 3 | DNB BANK ASA | FR SNR EMTN 07/22 | XS1940133298 | 66% |
| 4 | KREDITANST FUR WIE | 0.75% GTD 28/06/28 | DE000A2LQSH4 | 58% |
| 5 | SIENA MORTGS 10-7 | FRN M/BKD 11/70 | IT0004658289 | 50% |
| 6 | MUENCHENER HYPOBK | 0.625% PFBRF 10/11/27 | DE000MHB20J2 | 39% |
| 7 | KREDITANST FUR WIE | 0.625% GTD SNR 22/02/27 | DE000A2DAR65 | 39% |
| 8 | BNP PARIBAS | 2.125%-FRN SNR 23/01/27 | FR0013398070 | 32% |
| 9 | LANDWIRT RENTENBK | 0.375% GTD SNR 16/03/26 | XS1379610675 | 27% |
| 10 | KREDITANST FUR WIE | 0.125% GTD 07/11/23 | DE000A2LQSJ0 | 26% |
GBP Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | KREDITANST FUR WIE | 0.875% SNR 15/03/22 | XS1548459178 | 100% |
| 2 | KREDITANST FUR WIE | 1% GTD SNR 15/12/22 | XS1752440773 | 32% |
| 3 | TSB BANK PLC | FRN GTD SNR SEC 02/24 | XS1951430138 | 20% |
| 4 | KREDITANST FUR WIE | 1.375% GTD SNR 01/02/21 | XS1346200055 | 13% |
| 5 | LANDWIRT RENTENBK | 1.125% SNR 15/12/23 | XS1550212416 | 13% |
| 6 | KREDITANST FUR WIE | 1.125% GTD SNR 07/12/21 | XS1932958603 | 12% |
| 7 | SANTANDER UK PLC | FRN GTD SNR 05/20 | XS1607992424 | 10% |
| 8 | DEUTSCHE BANK AG | 1.875% SNR 28/02/20 | XS1573156681 | 8% |
| 9 | LLOYDS BANK PLC | FRN GTD SNR SEC 01/21 | XS1746882734 | 8% |
| 10 | Bank of Nova Scotia | FRN UNSUB CVD BDS 10/01/23 | XS1747445481 | 8% |
EUR Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | TELECOM ITALIA SPA | 4% SNR EMTN 11/04/24 | XS1935256369 | 100% |
| 2 | BMW FINANCE NV | 1.5% GTD SNR 06/02/29 | XS1948611840 | 79% |
| 3 | ALTICE LUXEMBOURG | 7.25% GTD SNR 15/05/22 | XS1061642317 | 71% |
| 4 | UPC HOLDING B.V. | 3.875% SNR 15/06/29 | XS1629969327 | 62% |
| 5 | INTL BUSINESS MCHN | 1.75% SNR 31/01/31 | XS1945110861 | 57% |
| 6 | EDP-ENERGIAS PORTU | 4.496%-FRN SUB 30/04/79 | PTEDPKOM0034 | 55% |
| 7 | NORDRH-WESTFALEN | 1% SNR 16/10/46 | DE000NRW0J22 | 46% |
| 8 | INTL BUSINESS MCHN | 0.375% SNR 31/01/23 | XS1944456018 | 44% |
| 9 | NORDRH-WESTFALEN | 1.55% SNR 16/06/48 | DE000NRW0KF4 | 43% |
| 10 | ALTICE FRANCE S.A | 5.875% GTD 01/02/27 | XS1859337419 | 39% |
GBP Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | NORDRH-WESTFALEN | IDX/LKD SNR 29/10/21 | XS1900543577 | 100% |
| 2 | TOWD PT MTG FDG | FRN M/BKD 07/26 | XS1394069154 | 30% |
| 3 | GARFUNKELUX HOLDC3 | 8.5% GTD 01/11/22 | XS1308300059 | 27% |
| 4 | BRUNEL RES MTG SEC | FRN M/BKD 1/39 | XS0289303215 | 27% |
| 5 | TOWD POINT MTGE FN | FRN A/BKD 05/45 | XS1564404934 | 25% |
| 6 | JAGUAR LAND ROVER | 5% GTD SNR MTN 15/02/22 | XS1025866119 | 19% |
| 7 | DAIMLER INTL FIN | 2% GTD SNR 04/09/23 | XS1873124009 | 17% |
| 8 | DEUTSCHE TELEKOM | 3.125% SNR 06/02/34 | XS1948630634 | 14% |
| 9 | AT&T INC | 4.375% 14/09/29 | XS1374392717 | 13% |
| 10 | VODAFONE GROUP | 4.875%-FRN SUB 03/10/78 | XS1888180996 | 13% |
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Historical data of the most actively traded corporate bonds on a monthly basis can be found below:
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, 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.
