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
  • 28 Nov 2016
1 Bank of America Merrill Lynch 139,091.89 542 6.16%
2 JPMorgan 132,647.16 552 5.87%
3 Citi 122,144.04 509 5.41%
4 Deutsche Bank 96,442.01 387 4.27%
5 Barclays 94,754.53 375 4.20%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 BNP Paribas 26,179.46 132 8.09%
2 Deutsche Bank 22,791.86 82 7.04%
3 Bank of America Merrill Lynch 19,997.05 72 6.18%
4 Citi 19,633.30 84 6.06%
5 SG Corporate & Investment Banking 19,384.99 102 5.99%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 Deutsche Bank 7,800.70 49 10.73%
2 Citi 6,382.82 21 8.78%
3 Goldman Sachs 6,266.74 37 8.62%
4 Barclays 5,561.91 33 7.65%
5 JPMorgan 4,221.50 35 5.81%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 JPMorgan 25,397.35 202 10.56%
2 Bank of America Merrill Lynch 23,113.21 166 9.61%
3 Goldman Sachs 21,848.27 140 9.08%
4 Citi 20,314.82 150 8.45%
5 Barclays 20,050.35 130 8.34%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 29 Nov 2016
1 BNP Paribas 29,169.70 123 6.95%
2 Barclays 24,443.95 77 5.82%
3 Deutsche Bank 23,576.99 69 5.62%
4 HSBC 23,022.54 96 5.49%
5 Citi 23,007.97 87 5.48%