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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 March 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 | KREDITANST FUR WIE | 0% GTD SNR 31/03/27 | DE000A254PP9 | 100% |
| 2 | KREDITANST FUR WIE | 0.75% GTD SNR 15/01/29 | DE000A2LQSN2 | 45% |
| 3 | JPMORGAN CHASE &CO | 1.047%-FRN SNR 04/11/32 | XS2075811948 | 38% |
| 4 | KREDITANST FUR WIE | 0% GTD SNR 30/06/22 | DE000A2LQSS1 | 35% |
| 5 | STICHTING AK RABOB | FRN T1 PERP EUR25 'REGS' | XS1002121454 | 33% |
| 6 | WELLS FARGO & CO | FR SNR EMTN 01/22 | XS1558022866 | 31% |
| 7 | KREDITANST FUR WIE | 0% GTD SNR 18/02/25 | DE000A254PM6 | 29% |
| 8 | UNICREDIT SPA | 1.2%-FRN 20/01/26 | XS2104967695 | 25% |
| 9 | KREDITANST FUR WIE | 0% GTD SNR 02/04/24 | DE000A2LQSP7 | 25% |
| 10 | UNICREDIT SPA | 2%-FR LT2 EMTN 23/09/29 | XS2055089457 | 22% |
GBP Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | INSPIRED EDUCATION | IDX/LKD GTD 30/09/38 | XS0257433853 | 100% |
| 2 | Royal Bank of Canada | FRN SNR SEC CVD BDS 03/10/24 | XS2060621005 | 40% |
| 3 | PERMANENT MASTER I | FRN M/BKD 07/58 | XS2058006037 | 32% |
| 4 | KREDITANST FUR WIE | 0.875% GTD SNR 18/07/24 | XS2100726244 | 28% |
| 5 | LIBRA (LONGHURST G | 3.25% SNR 15/05/43 | XS1817419705 | 25% |
| 6 | HOLMES MASTER ISS | FRN M/BKD 10/54 | XS1791440859 | 25% |
| 7 | PINEWOOD | 3.25% GTD 30/09/25 | XS2052466815 | 23% |
| 8 | SANTANDER UK PLC | FRN GTD SNR 09/21 | XS1880870784 | 22% |
| 9 | SILVERSTONE MASTER | FRN M/BKD 01/70 | XS2109587977 | 22% |
| 10 | KREDITANST FUR WIE | 1.375% GTD SNR | XS1941813617 | 22% |
EUR Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | HESSEN LAND | 0% GTD SNR SEC 10/06/22 | DE000A1RQDE2 | 100% |
| 2 | HESEEN | 0% SNR 10/03/25 |
DE000A1RQDR4 | 56% |
| 3 | BREMEN FREIE HANSE | 0% NTS 16/03/21 | DE000A254YP1 | 10% |
| 4 | MEDTRONIC GBL HLDG | 0% GTD SNR 07/03/21 | XS1960676127 | 9% |
| 5 | BAUSCH HEALTH COMP | 4.5% GTD SNR 15/05/23 | XS1205619288 | 8% |
| 6 | DUFRY ONE B.V. | 2% GTD SNR 15/02/27 | XS2079388828 | 8% |
| 7 | VODAFONE GROUP | 3.1%-FRN SUB 03/01/79 | XS1888179477 | 7% |
| 8 | DH EUROPE FINANCE2 | 0.75% 18/09/31 | XS2050406094 | 7% |
| 9 | NETFLIX INC | 3.625% SNR 15/06/30 | XS2072829794 | 7% |
| 10 | LVMH MOET HENNESSY | 0.375% SNR 11/02/31 | FR0013482841 | 7% |
GBP Non-Financials
| Rank | Issuer | Coupon and Maturity | ISIN | Relative volume |
| 1 | VODAFONE GROUP | 1.5% CNV SUB 12/03/22 | XS1960589668 | 100% |
| 2 | VODAFONE GROUP | 0% CNV BDS 12/03/21 | XS1960588850 | 92% |
| 3 | NETWORK RAIL INFRA | IDX/LKD GTD 22/11/47 | XS0322049296 | 89% |
| 4 | INTU METROCENTRE | 4.125% A/BKD 06/12/28 | XS0994934965 | 42% |
| 5 | KON KPN NV | 5.75% SNR MTN 17/09/29 | XS0451790280 | 34% |
| 6 | AMC ENTMT HLDGS IN | 6.375% SUB 15/11/24 | XS1512809606 | 33% |
| 7 | NETWORK RAIL INFRA | 4.75% SNR SEC 29/11/35 | XS0206361221 | 30% |
| 8 | TALK TALK TELECOM | 3.875% GTD SNR 20/02/25 | XS2121167345 | 29% |
| 9 | NORDRH-WESTFALEN | IDX/LKD SNR 29/10/21 | XS1900543577 | 28% |
| 10 | DIAGEO FINANCE PLC | 2.875% GTD SNR 27/03/29 | XS2147890607 | 27% |
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Historical data of the most actively traded corporate bonds on a monthly basis can be found below:
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
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, 2020. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without permission from ICMA.
