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
  • 31 Aug 2015
1 JPMorgan 112,928.10 454 7.57%
2 Bank of America Merrill Lynch 104,424.11 433 7.00%
3 Deutsche Bank 78,936.99 328 5.29%
4 Morgan Stanley 77,683.87 355 5.21%
5 Citi 76,656.68 370 5.14%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 01 Sep 2015
1 BNP Paribas 17,858.75 96 8.62%
2 Barclays 17,335.58 60 8.36%
3 HSBC 16,534.73 79 7.98%
4 Deutsche Bank 15,802.39 60 7.62%
5 SG Corporate & Investment Banking 13,147.82 71 6.34%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 01 Sep 2015
1 JPMorgan 6,724.00 49 9.07%
2 Deutsche Bank 6,036.89 51 8.15%
3 Credit Suisse 4,544.52 32 6.13%
4 BNP Paribas 4,485.18 39 6.05%
5 Morgan Stanley 4,415.16 31 5.96%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 01 Sep 2015
1 JPMorgan 22,267.10 142 10.51%
2 Bank of America Merrill Lynch 18,809.89 147 8.88%
3 Deutsche Bank 18,281.80 115 8.63%
4 Goldman Sachs 17,894.39 109 8.44%
5 Citi 15,764.31 110 7.44%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 01 Sep 2015
1 Barclays 19,048.41 60 8.28%
2 HSBC 16,910.25 73 7.35%
3 BNP Paribas 15,423.11 81 6.70%
4 Deutsche Bank 14,584.98 49 6.34%
5 SG Corporate & Investment Banking 14,052.72 66 6.11%