dcsimg
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 ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please call Mark Goodes on +44 (0)20 7779 8605 or email mark.goodes@globalcapital.com to discuss your requirements.

All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
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
  • 21 Jul 2015
1 Barclays 17,027.51 57 8.70%
2 BNP Paribas 16,253.50 87 8.30%
3 HSBC 15,632.14 74 7.99%
4 Deutsche Bank 14,986.13 55 7.66%
5 SG Corporate & Investment Banking 12,617.16 69 6.45%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 21 Jul 2015
1 JPMorgan 6,090.50 43 8.88%
2 Deutsche Bank 5,682.59 45 8.29%
3 Credit Suisse 4,384.52 29 6.39%
4 Morgan Stanley 4,134.51 27 6.03%
5 BNP Paribas 4,076.57 34 5.94%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
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
  • 21 Jul 2015
1 Barclays 18,363.38 56 8.81%
2 HSBC 15,648.17 65 7.51%
3 SG Corporate & Investment Banking 13,653.04 66 6.55%
4 BNP Paribas 13,578.66 70 6.52%
5 Deutsche Bank 12,444.48 43 5.97%