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

Top-traded corporate bonds in August 2022 (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 buyside 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 1.375% SNR 07/06/32 XS2475954900 100%
2 KREDITANST FUR WIE 0% SNR 15/09/31 XS2388457264 79%
3 KREDITANST FUR WIE 1.125% GTD SNR 31/03/37 DE000A3MP7K3 75%
4 KREDITANST FUR WIE 0.125% GTD SNR 30/06/25 DE000A3MP7J5 49%
5 KREDITANST FUR WIE 1.25% GTD SNR 30/06/27 DE000A3MQVV5 29%
6 KREDITANST FUR WIE 2% GTD SNR 15/11/29 XS2498154207 23%
7 MEDIOBANCA SPA 2.375% SNR 30/06/27 IT0005499543 21%
8 KREDITANST FUR WIE 0.125% GTD SNR 09/01/32 DE000A3E5XN1 20%
9 KREDITANST FUR WIE 0.75% GTD SNR 15/01/29 DE000A2LQSN2 16%
10 BNG BANK N.V. 1.875% SNR 13/07/32 XS2500674887 15%

Source: ICE Data Services

GBP Financials

Rank Issuer Coupon and Maturity ISIN Relative volume
1 KREDITANST FUR WIE 1.375% GTD 09/12/24 XS1941813617 100%
2 BNG BANK N.V. 2% NTS 12/04/24 XS2468318154 63%
3 NEW YORK LIFE GLOB 1.625% 15/12/23 XS1985024725 51%
4 NATWEST GROUP PLC 3.622%-FRN LT2 14/08/30 XS2172960481 44%
5 BNG BANK N.V. 1.625% SNR 26/08/25 XS1811047080 44%
6 BARCLAYS PLC 3.125% SNR 17/01/24 XS1550975079 31%
7 KREDITANST FUR WIE 1.25% SNR 29/12/23 XS1850250710 30%
8 KREDITANST FUR WIE 1.375% GTD SNR 15/12/25 XS1950905486 30%
9 BARCLAYS PLC 3.25% SNR 12/02/27 XS1472663670 27%
10 COOPERATIEVE RABOB 1.875%-FRN 12/07/28 XS2429208999 27%

Source: ICE Data Services

EUR Non-Financials

Rank Issuer Coupon and Maturity ISIN Relative volume
1 LORCA TELECOM BOND 4% GTD SNR SEC 18/09/27 XS2240463674 100%
2 UNEDIC 1.75% GTD EMTN 25/11/32 FR001400ADP1 91%
3 Province of Alberta 0.5% SNR NTS 16/04/25 XS2156776309 57%
4 NORDRH-WESTFALEN 2.375% SNR 13/05/33 DE000NRW2152 53%
5 JOINT LAENDER 62 1.25% SNR 04/05/29 DE000A3MQUU9 53%
6 VALEO SE 1% SNR EMTN 03/08/28 FR0014004UE6 51%
7 SOCIETE DU GRAND P 1.125% SNR 22/10/28 FR0013372299 50%
8 UNEDIC 0.01% GTD SNR 25/05/31 FR0014002P50 50%
9 HOLDING D'INFRASTR 1.625% SNR 18/09/29 XS2231183646 49%
10 AXA SA FRN LT2 EMTN 10/03/43 XS2487052487 48%

Source: ICE Data Services

GBP Non-Financials

Rank Issuer Coupon and Maturity ISIN Relative volume
1 STONEGATE PUB CO 8.25% GTD 31/07/25 XS2210014788 100%
2 NESTLE HLDGS INC 2.125% GTD SNR 04/04/27 XS2464407514 66%
3 RENTOKIL INITIAL 5% SNR EMTN 27/06/32 XS2495087137 56%
4 GALAXY BIDCO LTD 6.5% GTD 31/07/26 XS2028892474 55%
5 OPTIVO FINANCE PLC 2.857% SNR 07/10/35 XS2133453626 53%
6 E.ON INTERNATIONAL 4.75% GTD SNR 31/01/34 XS0735770637 46%
7 DIAGEO FINANCE PLC 1.75% GTD SNR 12/10/26 XS1982100643 44%
8 ANHEUSER-BUSCH INB 2.25% GTD SNR 24/05/29 BE6295393936 43%
9 NESTLE HLDGS INC 0.625% GTD SNR 18/12/25 XS2354271095 42%
10 BHP BILLITON FIN. 4.3% GTD SNR 25/09/42 XS0834399981 42%

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:

July 2022
June 2022 
May 2022
April 2022
March 2022 
February 2022
January 2022
December 2021 
November 2021
October 2021
September 2021

August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
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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