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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
  • Today
1 JPMorgan 97,539.17 395 7.89%
2 Bank of America Merrill Lynch 87,085.27 374 7.05%
3 Citi 68,144.49 321 5.51%
4 Morgan Stanley 66,875.85 293 5.41%
5 Deutsche Bank 65,598.19 276 5.31%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Barclays 16,973.77 56 9.00%
2 BNP Paribas 15,495.18 82 8.21%
3 HSBC 14,435.22 69 7.65%
4 Deutsche Bank 14,200.05 52 7.53%
5 SG Corporate & Investment Banking 11,882.24 58 6.30%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 JPMorgan 6,090.50 43 9.00%
2 Deutsche Bank 5,682.59 45 8.39%
3 Credit Suisse 4,293.27 28 6.34%
4 BNP Paribas 4,076.57 34 6.02%
5 Morgan Stanley 3,759.51 26 5.55%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 JPMorgan 20,408.55 127 5.30%
2 Bank of America Merrill Lynch 17,687.15 134 4.59%
3 Deutsche Bank 17,074.06 106 4.43%
4 Goldman Sachs 15,451.24 96 4.01%
5 Citi 14,593.89 102 3.79%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 30 Jun 2015
1 Barclays 18,309.64 55 9.09%
2 HSBC 14,987.08 66 7.44%
3 SG Corporate & Investment Banking 13,018.68 55 6.46%
4 BNP Paribas 12,770.93 68 6.34%
5 Deutsche Bank 11,769.73 41 5.84%