Hint mode is switched on Switch off

Emerging Market Municipal Issuer League Table, Jan - Aug 2026

Last updated 07/09/2026

Export Top 25 as PDF Export Top 10 as PDF Export All as PDF Export to Excel

#
Issuer
Amount, USD mln
Number of issues
Share, %

1
Jiangsu
94,913
36

7.56

Amount, USD mln | Share, %

94,913 | 7.56
Number of issues

36

2
Guangdong
82,668
46

6.59

Amount, USD mln | Share, %

82,668 | 6.59
Number of issues

46

3
Sichuan
65,039
65

5.18

Amount, USD mln | Share, %

65,039 | 5.18
Number of issues

65

4
Zhejiang
63,544
60

5.06

Amount, USD mln | Share, %

63,544 | 5.06
Number of issues

60

5
Shandong
60,398
95

4.81

Amount, USD mln | Share, %

60,398 | 4.81
Number of issues

95

6
Hunan
51,239
33

4.08

Amount, USD mln | Share, %

51,239 | 4.08
Number of issues

33

7
Hebei
50,552
58

4.03

Amount, USD mln | Share, %

50,552 | 4.03
Number of issues

58

8
Henan
49,310
66

3.93

Amount, USD mln | Share, %

49,310 | 3.93
Number of issues

66

9
Anhui
48,899
82

3.90

Amount, USD mln | Share, %

48,899 | 3.90
Number of issues

82

10
Hubei
46,210
69

3.68

Amount, USD mln | Share, %

46,210 | 3.68
Number of issues

69

11
Yunnan
42,429
38

3.38

Amount, USD mln | Share, %

42,429 | 3.38
Number of issues

38

12
Chongqing
37,209
50

2.97

Amount, USD mln | Share, %

37,209 | 2.97
Number of issues

50

13
Guizhou
30,584
18

2.44

Amount, USD mln | Share, %

30,584 | 2.44
Number of issues

18

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

14
Guangxi
29,310
29

2.34

Amount, USD mln | Share, %

29,310 | 2.34
Number of issues

29

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

15
Beijing
28,420
69

2.26

Amount, USD mln | Share, %

28,420 | 2.26
Number of issues

69

16
Liaoning
26,812
42

2.14

Amount, USD mln | Share, %

26,812 | 2.14
Number of issues

42

17
Jiangxi
26,799
45

2.14

Amount, USD mln | Share, %

26,799 | 2.14
Number of issues

45

18
Inner Mongolia
24,932
20

1.99

Amount, USD mln | Share, %

24,932 | 1.99
Number of issues

20

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

19
Fujian
24,302
23

1.94

Amount, USD mln | Share, %

24,302 | 1.94
Number of issues

23

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

20
Shanxi
22,689
52

1.81

Amount, USD mln | Share, %

22,689 | 1.81
Number of issues

52

21
Tianjin
22,268
58

1.77

Amount, USD mln | Share, %

22,268 | 1.77
Number of issues

58

22
Gansu
21,767
56

1.73

Amount, USD mln | Share, %

21,767 | 1.73
Number of issues

56

23
Shaanxi
21,455
48

1.71

Amount, USD mln | Share, %

21,455 | 1.71
Number of issues

48

24
Heilongjiang
20,712
28

1.65

Amount, USD mln | Share, %

20,712 | 1.65
Number of issues

28

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

25
Jilin
19,558
37

1.56

Amount, USD mln | Share, %

19,558 | 1.56
Number of issues

37

26
Qingdao
16,344
80

1.30

Amount, USD mln | Share, %

16,344 | 1.30
Number of issues

80

27
Xinjiang
15,123
58

1.21

Amount, USD mln | Share, %

15,123 | 1.21
Number of issues

58

28
Tamil Nadu
14,958
47

1.19

Amount, USD mln | Share, %

14,958 | 1.19
Number of issues

47

29
Maharashtra
14,309
20

1.14

Amount, USD mln | Share, %

14,309 | 1.14
Number of issues

20

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

30
Hainan
12,726
36

1.01

Amount, USD mln | Share, %

12,726 | 1.01
Number of issues

36

31
Karnataka
11,392
33

0.91

Amount, USD mln | Share, %

11,392 | 0.91
Number of issues

33

32
Ningbo City
11,289
23

0.90

Amount, USD mln | Share, %

11,289 | 0.90
Number of issues

23

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

33
Shanghai
11,081
22

0.88

Amount, USD mln | Share, %

11,081 | 0.88
Number of issues

22

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

34
Uttar Pradesh
9,988
23

0.80

Amount, USD mln | Share, %

9,988 | 0.80
Number of issues

23

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

35
Madhya Pradesh
9,492
31

0.76

Amount, USD mln | Share, %

9,492 | 0.76
Number of issues

31

36
Andhra Pradesh
9,452
34

0.75

Amount, USD mln | Share, %

9,452 | 0.75
Number of issues

34

37
Abu Dhabi
8,500
6

0.68

Amount, USD mln | Share, %

8,500 | 0.68
Number of issues

6

***
***
***
***
***
***

38
Telangana
8,277
23

0.66

Amount, USD mln | Share, %

8,277 | 0.66
Number of issues

23

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

39
Shenzhen
8,013
38

0.64

Amount, USD mln | Share, %

8,013 | 0.64
Number of issues

38

40
Rajasthan
7,802
21

0.62

Amount, USD mln | Share, %

7,802 | 0.62
Number of issues

21

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

41
West Bengal
7,557
33

0.60

Amount, USD mln | Share, %

7,557 | 0.60
Number of issues

33

42
Ningxia
6,837
33

0.54

Amount, USD mln | Share, %

6,837 | 0.54
Number of issues

33

43
Qinghai
5,522
15

0.44

Amount, USD mln | Share, %

5,522 | 0.44
Number of issues

15

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

44
Kerala
5,371
17

0.43

Amount, USD mln | Share, %

5,371 | 0.43
Number of issues

17

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

45
Xiamen
5,365
20

0.43

Amount, USD mln | Share, %

5,365 | 0.43
Number of issues

20

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

46
Bihar
5,017
14

0.40

Amount, USD mln | Share, %

5,017 | 0.40
Number of issues

14

***
***
***
***
***
***
***
***
***
***
***
***
***
***

47
Dalian
4,907
23

0.39

Amount, USD mln | Share, %

4,907 | 0.39
Number of issues

23

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

48
Punjab
4,307
15

0.34

Amount, USD mln | Share, %

4,307 | 0.34
Number of issues

15

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

49
Gujarat
4,003
24

0.32

Amount, USD mln | Share, %

4,003 | 0.32
Number of issues

24

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

50
Tibet
3,566
13

0.28

Amount, USD mln | Share, %

3,566 | 0.28
Number of issues

13

***
***
***
***
***
***
***
***
***
***
***
***
***

51
Chhattisgarh
3,178
19

0.25

Amount, USD mln | Share, %

3,178 | 0.25
Number of issues

19

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

52
Assam
2,541
13

0.20

Amount, USD mln | Share, %

2,541 | 0.20
Number of issues

13

***
***
***
***
***
***
***
***
***
***
***
***
***

53
Haryana
2,502
19

0.20

Amount, USD mln | Share, %

2,502 | 0.20
Number of issues

19

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

54
Uttarakhand
1,604
15

0.13

Amount, USD mln | Share, %

1,604 | 0.13
Number of issues

15

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

55
Jammu and Kashmir
1,446
11

0.12

Amount, USD mln | Share, %

1,446 | 0.12
Number of issues

11

***
***
***
***
***
***
***
***
***
***
***

56
Hyderabad Metropolitan Development Authority
1,033
34

0.08

Amount, USD mln | Share, %

1,033 | 0.08
Number of issues

34

57
Odisha
955
8

0.08

Amount, USD mln | Share, %

955 | 0.08
Number of issues

8

***
***
***
***
***
***
***
***

58
Buenos Aires (province)
914
4

0.07

Amount, USD mln | Share, %

914 | 0.07
Number of issues

4

***
***
***
***

59
Jharkhand
779
4

0.06

Amount, USD mln | Share, %

779 | 0.06
Number of issues

4

***
***
***
***

60
Himachal Pradesh
670
6

0.05

Amount, USD mln | Share, %

670 | 0.05
Number of issues

6

***
***
***
***
***
***

61
Chubut (province)
650
1

0.05

Amount, USD mln | Share, %

650 | 0.05
Number of issues

1

***

62
Neuquen (province)
500
1

0.04

Amount, USD mln | Share, %

500 | 0.04
Number of issues

1

***

63
Delhi
435
3

0.03

Amount, USD mln | Share, %

435 | 0.03
Number of issues

3

***
***
***

64
Tripura
412
6

0.03

Amount, USD mln | Share, %

412 | 0.03
Number of issues

6

***
***
***
***
***
***

65
Barranquilla
350
1

0.03

Amount, USD mln | Share, %

350 | 0.03
Number of issues

1

***

66
Mendoza (province)
326
2

0.03

Amount, USD mln | Share, %

326 | 0.03
Number of issues

2

***
***

67
Entre Rios (province)
300
1

0.02

Amount, USD mln | Share, %

300 | 0.02
Number of issues

1

***

68
Meghalaya
222
4

0.02

Amount, USD mln | Share, %

222 | 0.02
Number of issues

4

***
***
***
***

69
Nagaland
221
4

0.02

Amount, USD mln | Share, %

221 | 0.02
Number of issues

4

***
***
***
***

70
Manipur
200
4

0.02

Amount, USD mln | Share, %

200 | 0.02
Number of issues

4

***
***
***
***

71
Sikkim
187
5

0.01

Amount, USD mln | Share, %

187 | 0.01
Number of issues

5

***
***
***
***
***

72
Taipei
156
1

0.01

Amount, USD mln | Share, %

156 | 0.01
Number of issues

1

***

73
Zapadno-Kazahstanskaja oblast
138
13

0.01

Amount, USD mln | Share, %

138 | 0.01
Number of issues

13

***
***
***
***
***
***
***
***
***
***
***
***
***

74
Kaohsiung
126
3

0.01

Amount, USD mln | Share, %

126 | 0.01
Number of issues

3

***
***
***

75
Republic of Sakha (Yakutia)
123
1

0.01

Amount, USD mln | Share, %

123 | 0.01
Number of issues

1

***

76
MINISTERSTVO FINANSOV
106
1

0.01

Amount, USD mln | Share, %

106 | 0.01
Number of issues

1

***

77
Kyzylordinskaja oblast
101
4

0.01

Amount, USD mln | Share, %

101 | 0.01
Number of issues

4

***
***
***
***

78
Vostochno-Kazahstanskaja oblast
97
10

0.01

Amount, USD mln | Share, %

97 | 0.01
Number of issues

10

***
***
***
***
***
***
***
***
***
***

79
Karagandinskaja oblast
97
19

0.01

Amount, USD mln | Share, %

97 | 0.01
Number of issues

19

***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***
***

80
Tainan City Government
95
3

0.01

Amount, USD mln | Share, %

95 | 0.01
Number of issues

3

***
***
***

81
Kostanajskaja oblast
90
10

0.01

Amount, USD mln | Share, %

90 | 0.01
Number of issues

10

***
***
***
***
***
***
***
***
***
***

82
Novosibirsk region
89
1

0.01

Amount, USD mln | Share, %

89 | 0.01
Number of issues

1

***

83
Ulyanovsk Region
85
2

0.01

Amount, USD mln | Share, %

85 | 0.01
Number of issues

2

***
***

84
Mizoram
80
7

0.01

Amount, USD mln | Share, %

80 | 0.01
Number of issues

7

***
***
***
***
***
***
***

85
Zhetysu region
67
7

0.01

Amount, USD mln | Share, %

67 | 0.01
Number of issues

7

***
***
***
***
***
***
***

86
Abay region
66
6

0.01

Amount, USD mln | Share, %

66 | 0.01
Number of issues

6

***
***
***
***
***
***

87
Shymkent
59
4

0.00

Amount, USD mln | Share, %

59 | 0.00
Number of issues

4

***
***
***
***

88
Severo-Kazahstanskaja oblast
58
4

0.00

Amount, USD mln | Share, %

58 | 0.00
Number of issues

4

***
***
***
***

89
Pavlodarskaja oblast
56
8

0.00

Amount, USD mln | Share, %

56 | 0.00
Number of issues

8

***
***
***
***
***
***
***
***

90
Astana
53
6

0.00

Amount, USD mln | Share, %

53 | 0.00
Number of issues

6

***
***
***
***
***
***

91
Mangistauskaya oblast
45
4

0.00

Amount, USD mln | Share, %

45 | 0.00
Number of issues

4

***
***
***
***

92
Chaco (province)
45
2

0.00

Amount, USD mln | Share, %

45 | 0.00
Number of issues

2

***
***

93
Turkestan region
42
5

0.00

Amount, USD mln | Share, %

42 | 0.00
Number of issues

5

***
***
***
***
***

94
Vitebskij region executive committee
40
4

0.00

Amount, USD mln | Share, %

40 | 0.00
Number of issues

4

***
***
***
***

95
Zhambylskaja oblast
38
6

0.00

Amount, USD mln | Share, %

38 | 0.00
Number of issues

6

***
***
***
***
***
***

96
Goa
32
3

0.00

Amount, USD mln | Share, %

32 | 0.00
Number of issues

3

***
***
***

97
Puducherry
32
2

0.00

Amount, USD mln | Share, %

32 | 0.00
Number of issues

2

***
***

98
Akmolinskaja oblast
30
9

0.00

Amount, USD mln | Share, %

30 | 0.00
Number of issues

9

***
***
***
***
***
***
***
***
***

99
Atyrau
28
3

0.00

Amount, USD mln | Share, %

28 | 0.00
Number of issues

3

***
***
***

100
Greater Chennai Corporation
23
7

0.00

Amount, USD mln | Share, %

23 | 0.00
Number of issues

7

***
***
***
***
***
***
***

0.00

Amount, USD mln | Share, %

22 | 0.00
Number of issues

8

***
***
***
***
***
***
***
***

102
Arunachal Pradesh
21
1

0.00

Amount, USD mln | Share, %

21 | 0.00
Number of issues

1

***

103
Almatinskaja oblast
19
5

0.00

Amount, USD mln | Share, %

19 | 0.00
Number of issues

5

***
***
***
***
***

104
Aktjubinskaja oblast
19
5

0.00

Amount, USD mln | Share, %

19 | 0.00
Number of issues

5

***
***
***
***
***

0.00

Amount, USD mln | Share, %

16 | 0.00
Number of issues

7

***
***
***
***
***
***
***

0.00

Amount, USD mln | Share, %

11 | 0.00
Number of issues

1

***

107
Tiruchirappalli City Municipal Corporation
11
1

0.00

Amount, USD mln | Share, %

11 | 0.00
Number of issues

1

***

108
Amur region
8
1

0.00

Amount, USD mln | Share, %

8 | 0.00
Number of issues

1

***

109
Walbrzych
8
2

0.00

Amount, USD mln | Share, %

8 | 0.00
Number of issues

2

***
***

110
Mogilevskiy region executive committee
8
1

0.00

Amount, USD mln | Share, %

8 | 0.00
Number of issues

1

***

111
Tomsk Region
7
1

0.00

Amount, USD mln | Share, %

7 | 0.00
Number of issues

1

***

112
Ulytau region
7
3

0.00

Amount, USD mln | Share, %

7 | 0.00
Number of issues

3

***
***
***

113
Yakutsk
1
1

0.00

Amount, USD mln | Share, %

1 | 0.00
Number of issues

1

***

Other
242,880
1,059
19

Amount, USD mln | Share, %

242,880 | 19
Number of issues

1,059

Total
1,254,899
2,282
100

Amount, USD mln | Share, %

1,254,899 | 100
Number of issues

2,282

Issuer League Table Methodology »

Bonds

Stocks

Corporate Actions

Tools

API

Indices

ETF & Funds

ETF & Funds Search

News and Research

Help

CBONDS OLD

Global Bond Data FZE
BUSINESS CENTER, AL SHMOKH BUILDING, UAQ FREE TRADE ZONE, P.O. BOX 7073, UMM AL QUWAIN
TAX Registration Number 100451155400003

Copyright (c) 2004-2026 Cbonds

Registration is required to get access.