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 October 2020 (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% SNR 25/02/2028 | FR00140002P5 | 100% |
| 2 | SANTANDER UK PLC | 1.125% GTD SNR 14/01/22 | XS1166160173 | 68% |
| 3 | SANTANDER UK PLC | 1.125% GTD SNR 10/03/25 | XS1199439222 | 57% |
| 4 | CSE D'AMORT DETTE | 0% SNR 25/11/30 | FR0013534559 | 57% |
| 5 | KREDITANST FUR WIE | 0% SNR EMTN 15/09/28 | XS2209794408 | 50% |
| 6 | STICHTING AK RABOB | FRN T1 PERP EUR25 'REGS' | XS1002121454 | 49% |
| 7 | AGENCE FRANCE LOCA | 1.125% GTD SNR 20/06/28 | FR0013343340 | 41% |
| 8 | KREDITANST FUR WIE | 0% GTD SNR 15/12/27 | DE000A289F29 | 40% |
| 9 | KREDITANST FUR WIE | 1.5% GTD SNR 11/06/24 | DE000A1R0709 | 37% |
| 10 | BK OF AMERICA CORP | FR SNR EMTN 04/24 | XS1811433983 | 37% |
GBP Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | GOSFORTH FDG 17-1 | FRN SNR 12/2059 | XS1679333945 | 100% |
| 2 | SANTANDER UK PLC | FRN GTD SNR 11/22 | XS1719070390 | 93% |
| 3 | KREDITANST FUR WIE | 1.25% SNR 29/12/23 | XS1850250710 | 71% |
| 4 | SANTANDER UK PLC | 3.875% GTD SNR 15/10/29 | XS1120891012 | 60% |
| 5 | RIPON MORT. PLC | FRN M/BKD 08/56 | XS1593591826 | 56% |
| 6 | YORKSHIRE B/S | FRN GTD SNR 11/24 | XS2080769909 | 39% |
| 7 | RIPON MORT. PLC | FRN M/BKD 08/56 | XS1593591073 | 37% |
| 8 | PRS FINANCE PLC | 1.75% GTD 24/11/26 | XS1523000856 | 37% |
| 9 | SANTANDER UK PLC | FRN GTD SNR SEC 02/27 | XS2115145406 | 34% |
| 10 | MORTGAGE FDG 08-1 | FRN M/BKD 03/46 | XS0350039912 | 33% |
EUR Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | INFRASTRUTTURE WIR | 1.875% SNR 08/07/26 | XS2200215213 | 100% |
| 2 | DH EUROPE FINANCE2 | 0.75% 18/09/31 DUAL CURR | XS2050406094 | 87% |
| 3 | FLEMISH COMMUNITY | 1% SNR EMTN 23/01/51 | BE0002717982 | 84% |
| 4 | SELECTA GROUP BV | IDX/LKD 01/04/26 | XS2249858940 | 82% |
| 5 | NORDRH-WESTFALEN | 0% SNR 12/10/35 | DE000NRW0ML8 | 81% |
| 6 | BAYER AG | 1.375% SNR 06/07/32 | XS2199266698 | 75% |
| 7 | ENBW INTL FINANCE | 0.25% GTD SNR 19/10/30 | XS2242728041 | 70% |
| 8 | UNIBAIL-RODAMCO-WE | 2% GTD SNR 29/06/2032 | FR0013521267 | 67% |
| 9 | BAYER AG | 3.125%-FRN SUB 12/11/79 | XS2077670342 | 66% |
| 10 | VOLKSWAGEN INTL | 1% GTD SNR 23/09/2032 | XS2234567662 | 64% |
GBP Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | GARFUNKELUX HOLDCO 2 S.A. | 11% GTD SNR NTS 01/11/23 | XS1308316568 | 100% |
| 2 | GARFUNKELUX HOLDC3 | 8.5% GTD 01/11/22 | XS1308300059 | 86% |
| 3 | PIZZAEXPRESS FIN 2 | 8.625% GTD 01/08/22 | XS1028948047 | 72% |
| 4 | JAGUAR LAND ROVER | 5% GTD SNR 15/02/22 | XS1025866119 | 44% |
| 5 | PINNACLE BIDCO PLC | 6.375% GTD 15/02/25 | XS1756633126 | 40% |
| 6 | STONEGATE PUB CO | 8.25% GTD 31/07/25 | XS2210014788 | 40% |
| 7 | ROLLS ROYCE | 5.75% GTD SNR 15/10/27 | XS2244321787 | 37% |
| 8 | CPUK FINANCE LTD | 4.25% SNR SEC 28/02/47 | XS1622391552 | 37% |
| 9 | INTU (JERSEY) II | 2.875% CNV GTD 01/11/22 | XS1511910025 | 34% |
| 10 | ROTHESAY LIFE PLC | 3.375% T3 12/07/26 | XS2027400063 | 34% |
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Historical data of the most actively traded corporate bonds on a monthly basis can be found below:
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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