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 54 29 83 2 2 4 87
Azerbaijan 35 27 62 1 5 6 68
Belarus 153 126 636 915 1 1 916
Georgia 46 10 56 1 5 6 62
Kazakhstan 180 18 219 417 4 43 47 464
Kyrgyzstan 82 8 90 90
Moldova 137 137 137
Russia 51 118 1252 1421 13 300 313 1734
Tajikistan 20 1 21 21
Ukraine 307 489 796 13 31 44 840
Uzbekistan 5 5 5
Western Europe
Andorra 2 2 2
Austria 177 16 1133 1326 19 5 223 247 1573
Greece 26 5 31 2 37 39 70
Belgium 140 27 265 432 30 20 50 482
Cyprus 20 20 40 6 26 32 72
Denmark 18 1652 1670 208 208 1878
Finland 19 15 588 622 17 280 297 919
France 233 32 1560 1825 1110 1110 2935
Germany 261 886 9190 10337 35 1813 1848 12185
Greece 26 5 31 2 37 39 70
Iceland 14 11 51 76 2 28 30 106
Ireland 33 28 61 264 264 325
Isle of Man 1 1 1
Italy 123 2384 2507 67 25 810 902 3409
Liechtenstein 8 8 1 1 9
Luxembourg 4 84 88 3 881 884 972
Malta 86 29 115 2 2 117
Netherlands 97 1 148 246 1 1631 1632 1878
Norway 12 51 1070 1133 328 328 1461
Portugal 27 3 129 159 1 72 73 232
San Marino 3 3 3
Spain 160 50 293 503 5 9 387 401 904
Sweden 26 6 313 345 15 68 754 837 1182
Switzerland 38 184 861 1083 341 341 1424
United Kingdom 99 1 322 422 2 2 3922 3926 4348
Developed Markets (excl. Europe)
Australia 32 27 470 529 2 901 903 1432
Canada 70 183 1112 1365 9 113 856 978 2343
New Zealand 13 9 111 133 4 55 59 192
Guernsey 4 4 1 59 60 64
Japan 611 73 826 1510 9 511 520 2030
New Zealand 13 9 111 133 4 55 59 192
Jersey 3 3 1 13 14 17
USA 586 230 14817 15633 5877 5877 21510
Eastern Europe
Albania 140 140 3 3 143
Bosnia and Herzegovina 85 6 8 99 2 2 101
Bulgaria 24 3 63 90 7 5 12 102
Croatia 38 3 22 63 10 10 20 83
Czech Republic 42 2 137 181 5 1 60 66 247
Estonia 11 68 79 1 7 8 87
Hungary 175 2 142 319 15 20 35 354
Kosovo 3 3 3
Latvia 10 79 89 10 5 15 104
Lithuania 84 3 87 11 11 98
Macedonia 156 156 3 3 159
Montenegro 10 1 11 3 3 14
Poland 274 77 737 1088 54 1 35 90 1178
Bosnia and Herzegovina 85 6 8 99 2 2 101
Romania 40 39 8 87 12 5 17 104
Serbia 93 10 103 5 5 108
Slovakia 17 159 176 11 6 17 193
Slovenia 25 25 50 13 7 20 70
Turkey 55 306 361 34 108 142 503
Asia (excl. Japan)
Bangladesh 323 323 1 1 324
Bhutan 1 1 1
China 232 494 2928 3654 43 1 875 919 4573
Fiji 238 238 1 1 239
Hong Kong 26 511 537 3 463 466 1003
India 110 398 5076 5584 162 162 5746
Indonesia 73 624 697 39 59 98 795
Korea 53 18 71 7 535 542 613
Laos 14 14 14
Macau 4 4 2 2 6
Malaysia 81 10 91 5 2 106 113 204
Mongolia 14 14 5 2 7 21
Myanmar 19 19 19
Nepal 25 25 25
Pakistan 38 38 7 7 45
Papua New Guinea 22 22 22
Philippines 83 2 85 22 167 189 274
Singapore 22 340 362 254 254 616
Sri Lanka 70 70 9 6 15 85
Taiwan 111 34 145 41 41 186
Thailand 48 106 154 35 35 189
Vietnam 144 144 5 3 8 152
Latin America
Antigua and Barbuda 20 20 20
Argentina 30 21 192 243 46 37 66 149 392
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 14 18 26
Bolivia 324 83 407 3 3 410
Brazil 52 1 980 1033 23 2 260 285 1318
Cayman Islands 35 35 1 47 48 83
Chile 35 159 194 10 135 145 339
Colombia 49 3 331 383 21 1 46 68 451
Costa Rica 81 3 256 340 6 8 14 354
Dominica 4 4 4
Dominican Republic 67 185 252 21 6 27 279
Ecuador 102 102 7 1 8 110
El Salvador 8 8 10 3 13 21
Grenada 2 2 2
Guatemala 22 22 4 9 13 35
Honduras 51 6 57 3 22 25 82
Jamaica 33 3 36 10 9 19 55
Mexico 64 1 139 204 46 275 321 525
Nicaragua 10 10 2 2 12
Panama 5 589 594 14 23 37 631
Paraguay 25 14 435 474 4 5 9 483
Peru 20 254 274 16 74 90 364
Saint Kitts (Christopher) and Nevis 2 2 2
Saint Lucia 43 43 43
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 3 20 57
Venezuela 68 20 88 22 48 70 158
Middle East
Bahrain 13 2 15 9 15 24 39
Iraq 2 2 2
Israel 30 590 620 40 37 77 697
Jordan 185 2 187 6 2 8 195
Kuwait 46 12 58 2 21 23 81
Lebanon 246 246 36 2 38 284
Oman 14 13 27 6 8 14 41
Qatar 68 1 69 11 78 89 158
Saudi Arabia 2 39 41 3 28 31 72
United Arab Emirates 12 12 19 282 301 313
United Arab Emirates 12 12 19 282 301 313
Yemen 2 2 2
Africa
Algeria 25 25 25
Angola 277 277 2 1 3 280
Benin 13 13 13
Botswana 5 5 3 3 8
Burkina Faso 11 11 11
Burundi 52 52 2 2 54
Cape Verde 55 55 55
Chad 8 8 8
Cote d`Ivoire 25 25 3 78 81 106
Egypt 88 22 110 7 3 10 120
Ethiopia 1 1 1
Gabon 8 8 3 3 11
Ghana 90 13 103 5 5 108
Guinea-Bissau 1 1 1
Kenya 71 26 97 2 1 3 100
Lesotho 4 4 4
Malawi 3 3 3
Mali 15 15 15
Mauritius 108 6 114 1 1 115
Morocco 52 110 162 5 4 9 171
Mozambique 1 1 1
Namibia 16 29 45 6 3 9 54
Niger 7 7 7
Nigeria 19 19 4 18 22 41
Congo 1 1 2 2
Rwanda 11 11 1 1 12
Senegal 29 29 2 2 31
Seychelles 1 1 1
Sierra Leone 4 4 4
South Africa 27 16 929 972 15 87 102 1074
Swaziland 14 19 33 33
Tanzania 136 136 1 1 137
Togo 16 16 1 1 17
Tunisia 18 218 236 15 1 16 252
Uganda 39 39 39
Zambia 135 135 3 3 138
Zimbabwe 5 5 5
* the number of issues in Cbonds database (outstanding)