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 September 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 2.875% GTD SNR 28/12/29 DE000A30VM78 100%
2 CSE D'AMORT DETTE 2.75% NTS 25/11/32 FR001400CVE3 96%
3 KREDITANST FUR WIE 1.375% GTD SNR 07/06/32 XS2475954900 82%
4 KREDITANST FUR WIE 1.25% GTD SNR 30/06/27 DE000A3MQVV5 55%
5 KREDITANST FUR WIE 0% GTD SNR 30/09/26 DE000A2TSTU4 53%
6 KREDITANST FUR WIE 0% GTD SNR 15/06/26 DE000A3H3E76 51%
7 CSE D'AMORT DETTE 1.75% SNR EMTN 25/11/27 FR001400CHC6 51%
8 KREDITANST FUR WIE 0.75% GTD SNR 15/01/29 DE000A2LQSN2 50%
9 BNG BANK N.V. 2.75% SNR EMTN 04/10/27 XS2540993685 43%
10 KREDITANST FUR WIE 0.125% GTD SNR 09/01/32 DE000A3E5XN1 42%

Source: ICE Data Services

GBP Financials

Rank Issuer Coupon and Maturity ISIN Relative volume
1 MORTGAGE FDG 08-1 FRN M/BKD 03/46 XS0350039912 100%
2 WESTPAC BKG CORP FR GTD 03/26 XS2455983358 86%
3 BARCLAYS PLC 3.125% SNR 17/01/24 XS1550975079 46%
4 INTERST MILLE 2004 FRN M/BKD 11/36 XS0194249446 46%
5 NRW BANK 0.375% GTD SNR 16/12/24 XS2193877177 37%
6 LANDWIRT RENTENBK 1.125% GTD SNR 15/12/23 XS1550212416 37%
7 GOLDMAN SACHS GRP 1.5% SNR EMTN 07/12/27 XS2322254322 37%
8 SANTANDER UK PLC FRN GTD SNR SEC 03/26 XS2460254951 36%
9 CREDIT SUISSE GP 7% SNR MTN 30/09/27 CH1211713180 35%
10 Bank of Nova Scotia FRN SNR SEC CVD BDS 26/01/26 XS2435611590 34%

Source: ICE Data Services

EUR Non-Financials

Rank Issuer Coupon and Maturity ISIN Relative volume
1 NORDRH-WESTFALEN 0% SNR 05/05/25 DE000NRW0ME3 100%
2 SAGESS 2.875% SNR 07/09/32 FR001400CKB2 43%
3 CELLNEX TELECOM SA 1.5% CNV SNR 16/01/26 XS1750026186 40%
4 3M COMPANY 1.75% SNR MTN 15/05/30 XS1234373733 40%
5 EDF 0% CNV SNR 14/09/24 FR0013534518 37%
6 UNEDIC 0.01% GTD SNR 25/11/31 FR0014004QY2 34%
7 BIOCARTIS GROUP NV 4% CNV SNR 09/05/24 BE0002651322 31%
8 LORCA TELECOM BOND 4% GTD SNR SEC 18/09/27 XS2240463674 29%
9 NIDDA HEALTHCARE H 3.5% GTD 30/09/24 XS1690644668 28%
10 DELIVERY HERO SE 1% CNV SNR 30/04/26 DE000A3MP429 27%

Source: ICE Data Services

GBP Non-Financials

Rank Issuer Coupon and Maturity ISIN Relative volume
1 ONTARIO(PROV OF) 0.25% SNR 15/12/26 XS2283226798 100%
2 ORSTED A/S 5.375% GTD SNR 13/09/42 XS2531570112 68%
3 BAT INTL FINANCE 2.25% GTD SNR 09/09/52 XS1488409977 68%
4 AT&T INC 4.375% 14/09/29 XS1374392717 67%
5 NORDRH-WESTFALEN 0.625% SNR 16/12/24 XS2394766278 66%
6 ANHEUSER-BUSCH INB 2.85% GTD SNR 25/05/37 BE6295395956 63%
7 ORANGE 3.25% SNR EMTN 15/01/32 FR0013396538 62%
8 E.ON INTERNATIONAL 6.25% GTD SNR 03/06/30 XS0147048762 60%
9 BERKSHIRE HATH FIN 2.375% GTD SNR 19/06/39 XS2014278944 60%
10 TELEFONICA EMISION 5.375% GTD SNR 02/02/26 XS0241945582 56%

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 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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