Corp Bonds

Russian LPN tax could derail Eurobond train

A new withholding tax suggested by Russia’s deputy finance minister Sergei Shatalov in a letter to the Russian Federal Tax Service could make Eurobond issuance much less attractive to Russian companies.

  • 03 Feb 2012

The suggestion involves a 20% withholding tax levied on interest payments on Russian Eurobonds issued via SPVs registered in foreign jurisdictions.

The proposal, reported by local media and now the subject of discussion among analysts, would hit the loan participation note structure, which uses such an SPV to take ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Feb 2016
1 Bank of America Merrill Lynch 8,411.21 26 4.73%
2 Deutsche Bank 7,686.33 17 4.32%
3 Barclays 7,675.66 19 4.32%
4 Citi 7,287.53 24 4.10%
5 JPMorgan 6,876.21 22 3.87%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 SG Corporate & Investment Banking 1,847.53 6 14.23%
2 Deutsche Bank 1,509.53 5 11.63%
3 Commerzbank Group 1,160.48 2 8.94%
4 ING 881.60 1 6.79%
5 Bank of America Merrill Lynch 854.09 6 6.58%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 SG Corporate & Investment Banking 135.40 2 10.16%
2 UniCredit 133.03 2 9.98%
2 Intesa Sanpaolo SpA 133.03 2 9.98%
4 Deutsche Bank 98.99 2 7.43%
5 Sumitomo Mitsui Financial Group 83.03 1 6.23%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 Goldman Sachs 1,641.25 5 16.75%
2 Barclays 1,416.67 4 14.46%
3 Wells Fargo Securities 1,131.19 4 11.54%
4 Citi 974.11 3 9.94%
5 SunTrust Robinson Humphrey Inc 945.48 4 9.65%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 09 Feb 2016
1 Deutsche Bank 4,898.75 3 8.43%
2 SG Corporate & Investment Banking 4,263.32 6 7.34%
3 ING 3,428.75 2 5.90%
4 HSBC 3,208.94 6 5.52%
5 Barclays 2,962.51 4 5.10%