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 48 32 80 2 2 4 84
Azerbaijan 37 31 68 1 5 6 74
Belarus 152 158 643 953 1 1 954
Georgia 47 9 56 1 5 6 62
Kazakhstan 183 30 202 415 4 52 56 471
Kyrgyzstan 81 8 89 89
Moldova 144 144 144
Russia 52 114 1291 1457 12 300 312 1769
Tajikistan 23 1 24 24
Ukraine 301 493 794 13 35 48 842
Uzbekistan 4 4 4
Western Europe
Andorra 3 3 3
Austria 176 17 1107 1300 19 5 222 246 1546
Greece 26 6 32 2 33 35 67
Belgium 139 36 270 445 30 20 50 495
Cyprus 18 20 38 6 28 34 72
Denmark 19 1604 1623 215 215 1838
Finland 18 15 552 585 16 280 296 881
France 232 43 1615 1890 1113 1113 3003
Germany 255 887 9109 10251 38 1868 1906 12157
Greece 26 6 32 2 33 35 67
Iceland 13 11 54 78 2 30 32 110
Ireland 33 28 61 1 255 256 317
Isle of Man 1 1 1
Italy 122 2320 2442 66 25 799 890 3332
Liechtenstein 8 8 2 2 10
Luxembourg 4 87 91 3 929 932 1023
Malta 90 32 122 2 2 124
Monaco 1 1 3 3 4
Netherlands 97 24 143 264 1636 1636 1900
Norway 11 109 1386 1506 327 327 1833
Portugal 27 3 131 161 1 77 78 239
San Marino 3 3 3
Spain 158 85 284 527 4 9 396 409 936
Sweden 26 27 453 506 15 68 774 857 1363
Switzerland 40 187 867 1094 336 336 1430
United Kingdom 101 1 318 420 2 3 3935 3940 4360
Developed Markets (excl. Europe)
Australia 33 27 493 553 2 903 905 1458
Canada 72 339 1164 1575 9 121 882 1012 2587
Guernsey 4 4 1 63 64 68
Japan 622 80 837 1539 9 517 526 2065
New Zealand 13 10 122 145 4 56 60 205
Jersey 4 4 1 13 14 18
USA 587 229 15199 16015 6257 6257 22272
Eastern Europe
Albania 137 137 3 3 140
Bosnia and Herzegovina 90 6 8 104 2 2 106
Bulgaria 24 3 60 87 7 5 12 99
Croatia 37 3 23 63 9 10 19 82
Czech Republic 41 2 129 172 5 1 59 65 237
Estonia 11 73 84 1 8 9 93
Hungary 182 2 149 333 14 19 33 366
Kosovo 14 14 14
Latvia 10 81 91 10 6 16 107
Lithuania 80 3 83 13 13 96
Macedonia 159 159 3 3 162
Montenegro 11 1 12 3 3 15
Poland 283 78 782 1143 52 1 31 84 1227
Bosnia and Herzegovina 90 6 8 104 2 2 106
Romania 39 39 8 86 13 5 18 104
Serbia 90 10 100 5 5 105
Slovakia 15 157 172 11 6 17 189
Slovenia 26 26 52 13 6 19 71
Turkey 55 326 381 36 113 149 530
Asia (excl. Japan)
Bangladesh 320 320 1 1 321
Bhutan 1 1 1
China 233 630 3813 4676 44 1 883 928 5604
Fiji 242 242 1 1 243
Hong Kong 25 445 470 3 497 500 970
India 110 398 5377 5885 161 161 6046
Indonesia 72 597 669 40 62 102 771
Korea 53 16 69 7 542 549 618
Laos 14 14 14
Macau 4 4 4 4 8
Malaysia 86 10 96 5 2 101 108 204
Mongolia 19 19 5 2 7 26
Myanmar 15 15 15
Nepal 30 30 30
Pakistan 41 41 7 7 48
Papua New Guinea 23 23 23
Philippines 84 2 86 22 176 198 284
Singapore 22 334 356 267 267 623
Sri Lanka 76 76 10 5 15 91
Taiwan 112 34 146 39 39 185
Thailand 46 98 144 36 36 180
Vietnam 148 148 5 1 6 154
Latin America
Antigua and Barbuda 20 20 20
Argentina 32 22 166 220 70 37 63 170 390
Aruba 3 3 3
Bahamas 4 1 5 5
Barbados 48 48 3 4 7 55
Belize 1 1 1
Bermuda 1 6 7 4 17 21 28
Bolivia 319 80 399 3 3 402
Brazil 49 1 946 996 23 2 258 283 1279
Cayman Islands 33 33 1 50 51 84
Chile 35 157 192 11 135 146 338
Colombia 40 2 327 369 22 1 49 72 441
Costa Rica 79 3 242 324 6 8 14 338
Dominica 4 4 4
Dominican Republic 67 208 275 21 5 26 301
Ecuador 100 100 7 2 9 109
El Salvador 8 8 10 3 13 21
Grenada 2 2 2
Guatemala 21 21 4 9 13 34
Honduras 51 6 57 3 24 27 84
Jamaica 33 3 36 10 9 19 55
Mexico 72 1 137 210 44 278 322 532
Nicaragua 10 10 2 2 12
Panama 5 581 586 15 21 36 622
Paraguay 25 13 428 466 4 5 9 475
Peru 20 242 262 16 75 91 353
Argentina 32 22 166 220 70 37 63 170 390
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 16 5 21 58
Venezuela 66 19 85 22 48 70 155
Middle East
Bahrain 13 2 15 9 15 24 39
Iraq 2 2 2
Israel 31 581 612 46 37 83 695
Jordan 177 2 179 6 2 8 187
Kuwait 48 10 58 2 23 25 83
Lebanon 256 256 36 2 38 294
Oman 15 11 26 7 9 16 42
Qatar 75 1 76 11 86 97 173
Saudi Arabia 1 38 39 5 29 34 73
United Arab Emirates 10 10 18 303 321 331
United Arab Emirates 10 10 18 303 321 331
Yemen 2 2 2
Africa
Algeria 25 25 25
Angola 277 277 2 1 3 280
Benin 14 14 14
Botswana 5 25 30 5 5 35
Burkina Faso 11 11 11
Burundi 76 76 2 2 78
Cape Verde 72 72 72
Chad 8 8 8
Cote d`Ivoire 26 26 3 89 92 118
Egypt 87 20 107 9 3 12 119
Ethiopia 1 1 1
Gabon 8 8 3 3 11
Ghana 82 12 94 5 5 99
Guinea-Bissau 2 2 2
Kenya 66 26 92 2 1 3 95
Lesotho 4 4 4
Malawi 3 3 3
Mali 17 17 17
Mauritius 106 29 135 6 6 141
Morocco 50 109 159 5 4 9 168
Mozambique 22 22 1 1 23
Namibia 16 29 45 6 5 11 56
Niger 7 7 7
Nigeria 22 22 29 73 4 22 26 99
Congo 1 1 2 2
Rwanda 11 1 12 1 1 13
Senegal 28 2 30 2 2 32
Seychelles 1 1 1
Sierra Leone 3 3 3
South Africa 27 17 1280 1324 15 86 101 1425
Swaziland 14 23 37 37
Tanzania 137 137 1 1 2 139
Togo 17 3 20 1 1 21
Tunisia 21 209 230 14 1 15 245
Uganda 40 1 41 41
Zambia 134 134 3 3 137
Zimbabwe 4 4 4
* the number of issues in Cbonds database (outstanding)