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%
Source: ICE Data Services

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%
Source: ICE Data Services

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%
Source: ICE Data Services

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%
Source: ICE Data Services

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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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