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Corp Bonds

Russia scraps threat of retroactive bond tax

Russia has abandoned the idea of insisting that a withholding tax be paid retrospectively on loan participation notes. However, the tax could be applicable to bonds issued by Russian borrowers in 2013 and later, making the process of issuing a Eurobond more expensive and complicated.

  • 24 Feb 2012
"If the situation stays as it is, we’re recommending that borrowers go to the Eurobond market this year to avoid the potential hurdles and extra cost next year," said one origination banker in London. "The battle is still going on about what happens in 2013, and that uncertainty ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Jan 2015
1 Morgan Stanley 8,039.46 30 8.53%
2 Citi 6,902.25 26 7.33%
3 JPMorgan 5,590.37 28 5.93%
4 Barclays 5,552.04 29 5.89%
5 Bank of America Merrill Lynch 5,053.13 22 5.36%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 SG Corporate & Investment Banking 2,868.31 9 6.02%
2 HSBC 2,165.06 9 4.54%
3 Barclays 1,886.97 6 3.96%
4 Deutsche Bank 1,694.69 4 3.56%
5 BNP Paribas 1,656.42 9 3.48%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Morgan Stanley 881.07 4 16.99%
2 Deutsche Bank 624.35 4 12.04%
3 Credit Suisse 553.85 4 10.68%
4 ING 387.93 3 7.48%
5 BNP Paribas 379.64 3 7.32%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 Barclays 1,928.42 13 14.39%
2 Citi 1,585.56 11 11.83%
3 Morgan Stanley 1,275.70 11 9.52%
4 RBC Capital Markets 1,221.99 9 9.12%
5 Credit Suisse 1,038.55 7 7.75%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Jan 2015
1 SG Corporate & Investment Banking 2,455.66 8 12.32%
2 Barclays 1,309.76 4 6.57%
3 JPMorgan 1,273.66 7 6.39%
4 HSBC 1,232.67 7 6.19%
5 BNP Paribas 1,219.31 8 6.12%