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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
  • 20 Apr 2015
1 JPMorgan 52,585.19 216 7.90%
2 Bank of America Merrill Lynch 45,780.68 207 6.88%
3 Barclays 39,022.90 168 5.87%
4 Citi 38,456.60 183 5.78%
5 Deutsche Bank 33,916.45 151 5.10%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 Barclays 14,156.34 42 10.40%
2 BNP Paribas 11,138.14 56 8.18%
3 HSBC 10,926.24 43 8.03%
4 Deutsche Bank 10,270.16 34 7.54%
5 SG Corporate & Investment Banking 9,270.14 37 6.81%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 Deutsche Bank 3,632.53 26 3.95%
2 JPMorgan 3,506.25 25 3.81%
3 Credit Suisse 3,456.40 21 3.75%
4 Barclays 3,272.59 18 3.56%
5 BNP Paribas 3,237.25 24 3.52%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 JPMorgan 10,719.71 71 4.52%
2 Bank of America Merrill Lynch 10,445.51 80 4.40%
3 Deutsche Bank 10,169.66 57 4.29%
4 Barclays 9,609.00 56 4.05%
5 Goldman Sachs 9,526.78 56 4.02%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Apr 2015
1 Barclays 10,591.06 39 2.74%
2 SG Corporate & Investment Banking 9,694.94 36 2.50%
3 BNP Paribas 8,328.63 45 2.15%
4 Deutsche Bank 7,724.31 29 2.00%
5 HSBC 6,871.87 38 1.78%