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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
  • 27 Jul 2015
1 JPMorgan 106,682.61 420
2 Bank of America Merrill Lynch 99,006.52 399
3 Deutsche Bank 72,721.38 301
4 Morgan Stanley 71,744.94 318
5 Citi 71,657.56 345

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 Barclays 17,257.25 60 8.65%
2 BNP Paribas 16,690.87 90 8.37%
3 HSBC 16,069.57 77 8.06%
4 Deutsche Bank 15,176.46 58 7.61%
5 SG Corporate & Investment Banking 13,054.53 72 6.55%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 JPMorgan 6,553.35 48 9.05%
2 Deutsche Bank 5,964.39 50 8.24%
3 Credit Suisse 4,472.02 31 6.18%
4 Morgan Stanley 4,335.38 30 5.99%
5 BNP Paribas 4,314.52 38 5.96%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 JPMorgan 20,878.79 132 10.47%
2 Bank of America Merrill Lynch 18,020.65 138 9.04%
3 Deutsche Bank 17,288.03 108 8.67%
4 Goldman Sachs 16,635.20 100 8.34%
5 Citi 15,000.72 106 7.52%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 28 Jul 2015
1 Barclays 18,517.67 58 8.74%
2 HSBC 16,250.80 69 7.67%
3 SG Corporate & Investment Banking 14,014.97 68 6.61%
4 BNP Paribas 13,940.59 72 6.58%
5 Deutsche Bank 12,653.22 45 5.97%