International and domestic bond markets

- full coverage
- all except municipal bonds
- only Eurobonds and government bonds
- only Eurobonds
Country Government bonds Municipal bonds Corporate bonds Total bonds Government international bonds Municipal international bonds Corporate international bonds Total international bonds Total
CIS
Armenia 52 29 81 2 2 4 85
Azerbaijan 36 29 65 1 6 7 72
Belarus 153 149 628 930 1 1 931
Georgia 47 10 57 1 5 6 63
Kazakhstan 178 26 213 417 4 45 49 466
Kyrgyzstan 83 8 91 91
Moldova 138 138 138
Russia 50 118 1268 1436 12 301 313 1749
Tajikistan 24 1 25 25
Ukraine 303 491 794 13 31 44 838
Uzbekistan 5 5 5
Western Europe
Andorra 2 2 2
Austria 176 17 1127 1320 19 5 224 248 1568
Greece 26 6 32 2 37 39 71
Belgium 139 33 268 440 30 19 49 489
Cyprus 18 20 38 6 27 33 71
Denmark 18 1608 1626 213 213 1839
Finland 18 15 570 603 17 284 301 904
France 232 43 1617 1892 1107 1107 2999
Germany 259 885 9148 10292 38 1848 1886 12178
Greece 26 6 32 2 37 39 71
Iceland 13 11 52 76 2 30 32 108
Ireland 33 28 61 258 258 319
Isle of Man 1 1 1
Italy 123 2327 2450 66 25 806 897 3347
Liechtenstein 8 8 2 2 10
Luxembourg 4 87 91 3 906 909 1000
Malta 89 30 119 2 2 121
Monaco 1 1 3 3 4
Netherlands 96 11 144 251 1632 1632 1883
Norway 12 87 1387 1486 329 329 1815
Portugal 27 3 131 161 1 72 73 234
San Marino 3 3 3
Spain 160 76 288 524 4 9 395 408 932
Sweden 26 26 454 506 15 68 761 844 1350
Switzerland 38 184 865 1087 336 336 1423
United Kingdom 100 1 319 420 2 3 3964 3969 4389
Developed Markets (excl. Europe)
Australia 34 27 486 547 2 900 902 1449
Canada 71 291 1146 1508 9 116 868 993 2501
New Zealand 13 10 122 145 4 55 59 204
Guernsey 3 3 1 65 66 69
Japan 611 73 816 1500 9 520 529 2029
New Zealand 13 10 122 145 4 55 59 204
Jersey 3 3 1 14 15 18
USA 584 229 15008 15821 6025 6025 21846
Eastern Europe
Albania 140 140 3 3 143
Bosnia and Herzegovina 86 6 8 100 2 2 102
Bulgaria 24 3 60 87 7 5 12 99
Croatia 37 3 23 63 10 10 20 83
Czech Republic 41 2 135 178 5 1 60 66 244
Estonia 11 70 81 1 7 8 89
Hungary 180 2 138 320 15 19 34 354
Kosovo 14 14 14
Latvia 10 81 91 10 6 16 107
Lithuania 82 3 85 11 11 96
Macedonia 157 157 3 3 160
Montenegro 11 1 12 3 3 15
Poland 276 78 763 1117 52 1 32 85 1202
Bosnia and Herzegovina 86 6 8 100 2 2 102
Romania 40 39 8 87 13 5 18 105
Serbia 91 10 101 5 5 106
Slovakia 15 160 175 12 6 18 193
Slovenia 25 26 51 13 6 19 70
Turkey 55 314 369 35 106 141 510
Asia (excl. Japan)
Bangladesh 322 322 1 1 323
Bhutan 1 1 1
China 236 605 3355 4196 44 1 884 929 5125
Fiji 241 241 1 1 242
Hong Kong 25 481 506 3 481 484 990
India 109 398 5334 5841 164 164 6005
Indonesia 72 608 680 40 62 102 782
Korea 53 18 71 7 534 541 612
Laos 14 14 14
Macau 4 4 4 4 8
Malaysia 84 10 94 5 2 105 112 206
Mongolia 14 14 5 2 7 21
Myanmar 19 19 19
Nepal 28 28 28
Pakistan 41 41 7 7 48
Papua New Guinea 22 22 22
Philippines 83 2 85 22 170 192 277
Singapore 22 340 362 261 261 623
Sri Lanka 77 77 9 6 15 92
Taiwan 111 33 144 41 41 185
Thailand 48 101 149 36 36 185
Vietnam 144 144 5 2 7 151
Latin America
Antigua and Barbuda 20 20 20
Argentina 31 22 182 235 55 37 61 153 388
Aruba 3 3 3
Bahamas 4 2 6 6
Barbados 48 48 3 4 7 55
Belize 1 1 1
Bermuda 1 7 8 4 15 19 27
Bolivia 322 82 404 3 3 407
Brazil 51 1 966 1018 23 2 253 278 1296
Cayman Islands 35 35 1 46 47 82
Chile 35 158 193 11 133 144 337
Colombia 42 3 331 376 22 1 50 73 449
Costa Rica 80 3 249 332 6 7 13 345
Dominica 4 4 4
Dominican Republic 66 208 274 21 6 27 301
Ecuador 101 101 7 1 8 109
El Salvador 8 8 10 3 13 21
Grenada 2 2 2
Guatemala 21 21 4 8 12 33
Honduras 51 6 57 3 24 27 84
Jamaica 33 3 36 10 9 19 55
Mexico 67 1 137 205 46 277 323 528
Nicaragua 10 10 2 2 12
Panama 5 585 590 14 21 35 625
Paraguay 25 13 438 476 4 5 9 485
Peru 20 250 270 16 74 90 360
Saint Kitts (Christopher) and Nevis 2 2 2
Saint Lucia 42 42 42
Saint Vincent and the Grenadines 7 7 1 1 8
Suriname 1 1 1
Trinidad and Tobago 21 21 4 5 9 30
Uruguay 37 37 17 5 22 59
Venezuela 66 19 85 22 48 70 155
Middle East
Bahrain 13 2 15 9 14 23 38
Iraq 2 2 2
Israel 30 588 618 40 37 77 695
Jordan 179 2 181 6 2 8 189
Kuwait 47 10 57 2 22 24 81
Lebanon 250 250 36 2 38 288
Oman 14 12 26 6 8 14 40
Qatar 67 1 68 11 82 93 161
Saudi Arabia 1 38 39 5 30 35 74
United Arab Emirates 11 11 19 297 316 327
United Arab Emirates 11 11 19 297 316 327
Yemen 2 2 2
Africa
Algeria 25 1 26 26
Angola 277 277 2 1 3 280
Benin 13 13 13
Botswana 5 5 3 3 8
Burkina Faso 12 12 12
Burundi 58 58 2 2 60
Cape Verde 55 55 55
Chad 8 8 8
Cote d`Ivoire 26 26 3 86 89 115
Egypt 86 21 107 9 3 12 119
Ethiopia 1 1 1
Gabon 8 8 3 3 11
Ghana 85 12 97 5 5 102
Guinea-Bissau 1 1 1
Kenya 70 26 96 2 1 3 99
Lesotho 4 4 4
Malawi 3 3 3
Mali 16 16 16
Mauritius 107 22 129 4 4 133
Morocco 51 109 160 5 4 9 169
Mozambique 22 22 1 1 23
Namibia 16 29 45 6 3 9 54
Niger 7 7 7
Nigeria 20 2 22 4 19 23 45
Congo 1 1 2 2
Rwanda 11 11 1 1 12
Senegal 30 1 31 2 2 33
Seychelles 1 1 1
Sierra Leone 3 3 3
South Africa 27 16 972 1015 15 86 101 1116
Swaziland 14 23 37 37
Tanzania 138 138 1 1 139
Togo 16 1 17 1 1 18
Tunisia 21 217 238 14 1 15 253
Uganda 40 1 41 41
Zambia 138 138 3 3 141
Zimbabwe 4 4 4
* the number of issues in Cbonds database (outstanding)