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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
  • 18 Aug 2014
1 JPMorgan 248,731.58 1211 0.00%
2 Bank of America Merrill Lynch 213,715.93 1145 0.00%
3 Citi 204,338.55 1048 0.00%
4 Deutsche Bank 188,752.69 943 0.00%
5 Morgan Stanley 173,370.67 947 0.00%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Aug 2014
1 BNP Paribas 17,278.59 84 0.00%
1 BNP Paribas 17,278.59 84 0.00%
2 HSBC 16,394.52 71 0.00%
2 HSBC 16,394.52 71 0.00%
3 SG Corporate & Investment Banking 15,698.44 75 0.00%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 19 Aug 2014
1 Deutsche Bank 9,839.06 58 9.94%
2 JPMorgan 7,323.01 59 7.40%
3 Credit Suisse 7,106.95 53 7.18%
4 Goldman Sachs 6,726.44 45 6.80%
5 Barclays 5,953.89 37 6.02%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Aug 2014
1 JPMorgan 22,051.66 170 9.78%
2 Citi 20,503.82 141 9.10%
3 Credit Suisse 18,946.67 121 8.40%
4 Bank of America Merrill Lynch 18,224.95 146 8.08%
5 Goldman Sachs 17,882.93 99 7.93%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Aug 2014
1 HSBC 17,855.94 90 0.00%
2 BNP Paribas 16,596.30 86 0.00%
3 SG Corporate & Investment Banking 16,375.71 80 0.00%
4 Barclays 15,497.46 70 0.00%
5 RBS 14,092.95 73 0.00%
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