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
  • 19 Sep 2016
1 Bank of America Merrill Lynch 113,774.07 425 6.43%
2 JPMorgan 109,404.73 422 6.18%
3 Citi 95,555.99 385 5.40%
4 Deutsche Bank 79,347.73 291 4.49%
5 Barclays 78,959.53 299 4.46%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 BNP Paribas 19,715.04 88 3.97%
2 Deutsche Bank 18,371.85 61 3.70%
3 Bank of America Merrill Lynch 16,635.29 55 3.35%
4 Barclays 15,391.20 53 3.10%
5 SG Corporate & Investment Banking 14,908.41 74 3.00%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 Deutsche Bank 6,313.30 34 10.58%
2 Citi 5,853.99 16 9.81%
3 Goldman Sachs 5,415.14 29 9.07%
4 Barclays 4,764.33 23 7.98%
5 JPMorgan 3,338.62 26 5.59%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 JPMorgan 21,535.02 164 5.39%
2 Bank of America Merrill Lynch 19,875.05 135 4.98%
3 Barclays 17,711.85 109 4.43%
4 Deutsche Bank 16,934.50 99 4.24%
5 Citi 16,922.51 120 4.24%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Sep 2016
1 BNP Paribas 22,368.10 81 6.80%
2 Deutsche Bank 20,396.32 53 6.20%
3 Barclays 19,969.91 53 6.07%
4 Citi 17,630.92 65 5.36%
5 HSBC 16,543.43 69 5.03%