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 November 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% GTD SNR 07/06/32 XS2475954900 100%
2 CSE D'AMORT DETTE 2.875% EMTN 25/05/27 FR001400DZI3 96%
3 KREDITANST FUR WIE 0% GTD SNR 09/11/28 DE000A3E5LU1 82%
4 HESSEN LAND 2.625% SNR 10/09/27 DE000A1RQEG5 76%
5 CREDIT SUISSE AG 7.75%-FRN SNR 01/03/29 CH1214797172 70%
6 CSE D'AMORT DETTE 0.45% NTS 19/01/32 FR0014007RB1 67%
7 KREDITANST FUR WIE 0.75% GTD SNR 15/01/29 DE000A2LQSN2 67%
8 KREDITANST FUR WIE 0% GTD SNR 15/06/2026 DE000A3H3E76 61%
9 KREDITANST FUR WIE 2.5% GTD SNR 19/11/25 DE000A30VUG3 58%
10 KREDITANST FUR WIE 0% GTD SNR 31/03/27 DE000A254PP9 50%

Source: ICE Data Services

GBP Financials

Rank Issuer Coupon and Maturity ISIN Relative volume
1 KREDITANST FUR WIE 0.875% GTD SNR 18/07/24 XS2100726244 100%
2 BARCLAYS PLC 8.407%-FRN SUB 14/11/32 XS2552367687 92%
3 KREDITANST FUR WIE 0.875% GTD SNR 15/09/26 XS2034715305 76%
4 MUNICIPALITY FIN 0.375% GTD SNR 17/12/25 XS2318615569 60%
5 KREDITANST FUR WIE 1.375% GTD SNR 15/12/25 XS1950905486 46%
6 KREDITANST FUR WIE 1.25% GTD SNR 31/07/26 XS2441530891 38%
7 MORGAN STANLEY 5.789%-FRN SNR 18/11/33 XS2558389891 35%
8 HSBC HOLDINGS PLC 8.201%-FRN SUB 16/11/34 XS2553549903 33%
9 NATWEST MARKETS PL 6.375% SNR 08/11/2027 XS2540612129 31%
10 LLOYDS BANK PLC FRN GTD SNR 05/24 XS1996336357 29%

Source: ICE Data Services

EUR Non-Financials

Rank Issuer Coupon and Maturity ISIN Relative volume
1 UNEDIC 0.1% GTD EMTN 25/05/34 FR0014001ZY9 100%
2 BOUYGUES 5.375% SNR 30/06/42 FR001400DNF5 40%
3 VERIZON COMMUN 4.75% 31/10/34 XS2550898204 39%
4 CELLNEX TELECOM SA 1.5% CNV SNR 16/01/26 XS1750026186 34%
5 HONEYWELL INTL INC 4.125% SNR 02/11/34 XS2551903425 32%
6 CELLNEX TELECOM SA 0.75% CNV SNR 20/11/31 XS2257580857 30%
7 FLEMISH COMMUNITY 3% SNR EMTN 12/10/32 BE0002890722 30%
8 EDF 4.75% SNR EMTN 12/10/34 FR001400D6O8 28%
9 BOUYGUES 4.625% SNR 07/06/32 FR001400DNG3 27%
10 NORDRH-WESTFALEN 3% SNR 27/01/28 DE000NRW0NP7 23%

Source: ICE Data Services

GBP Non-Financials

Rank Issuer Coupon and Maturity ISIN Relative volume
1 NORDRH-WESTFALEN 1% SNR EMTN 13/06/25 XS2476782631 100%
2 AXA SA 5.625%-FRN LT2 16/01/54 XS1004674450 78%
3 TVL FINANCE PLC FRN GTD SNR SEC 07/25 XS2021472084 61%
4 BAT INTL FINANCE 4% GTD SNR 04/09/26 XS0969309847 54%
5 ZURICH FINANCE FRN GTD SUB 23/11/52 XS2523960719 52%
6 ORANGE 3.25% SNR EMTN 15/01/32 FR0013396538 50%
7 BG ENERGY CAPITAL 5.125% GTD SNR 01/12/25 XS0564485273 41%
8 PEPSICO INC 3.55% SNR 22/07/34 XS2503832078 39%
9 IMPERIAL BRANDS FI 5.5% GTD SNR 28/09/26 XS0683568223 39%
10 BAT INTL FINANCE 6% GTD SNR 24/11/34 XS0468426266 39%

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:

October 2022
September 2022 
August 2022 
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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