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 47 17 64 2 2 4 68
Azerbaijan 35 41 76 1 9 10 86
Belarus 164 127 687 978 1 1 979
Georgia 51 8 59 1 4 5 64
Kazakhstan 177 224 401 5 47 52 453
Kyrgyzstan 77 6 83 83
Moldova 134 134 134
Russia 50 111 1165 1326 12 1 288 301 1627
Tajikistan 6 6 6
Ukraine 281 2 597 880 12 30 42 922
Uzbekistan 7 7 7
Western Europe
Austria 189 16 1096 1301 21 3 227 251 1552
Belgium 141 2 209 352 32 28 60 412
Cyprus 27 9 36 5 16 21 57
Denmark 14 47 1411 1472 2 24 159 185 1657
Finland 16 4 510 530 18 232 250 780
France 237 23 1429 1689 1013 1013 2702
Germany 281 881 9543 10705 28 1317 1345 12050
Greece 25 4 29 4 41 45 74
Iceland 18 11 54 83 3 18 21 104
Ireland 31 55 86 205 205 291
Italy 123 2 1467 1592 66 17 844 927 2519
Luxembourg 3 126 129 3 644 647 776
Malta 91 25 116 1 1 117
Netherlands 69 158 227 1 1394 1395 1622
Norway 11 49 720 780 289 289 1069
Portugal 25 135 160 1 76 77 237
Spain 85 28 257 370 4 5 355 364 734
Sweden 22 10 253 285 17 95 645 757 1042
Switzerland 39 173 794 1006 273 273 1279
United Kingdom 103 1 491 595 2 1 3240 3243 3838
Developed Markets (excl. Europe)
Australia 34 3 360 397 1 774 775 1172
Canada 71 135 488 694 8 79 696 783 1477
Guernsey 10 10 1 94 95 105
Japan 372 68 918 1358 9 457 466 1824
New Zealand 12 7 91 110 1 2 33 36 146
Jersey 32 32 1 37 38 70
USA 445 196 11982 12623 3497 3497 16120
Eastern Europe
Albania 130 130 3 3 133
Bosnia and Herzegovina 74 6 7 87 2 2 89
Bulgaria 25 2 61 88 7 4 11 99
Croatia 41 4 22 67 9 11 20 87
Czech Republic 46 2 165 213 6 1 63 70 283
Estonia 9 52 61 1 7 8 69
Hungary 157 2 204 363 16 21 37 400
Latvia 12 74 86 9 6 15 101
Lithuania 112 16 128 11 2 13 141
Macedonia 151 151 2 2 153
Montenegro 13 1 14 4 4 18
Poland 251 81 674 1006 49 1 34 84 1090
Romania 37 39 9 85 13 6 19 104
Serbia 105 10 115 5 5 120
Slovakia 17 160 177 12 6 18 195
Slovenia 29 31 60 12 7 19 79
Turkey 52 506 558 34 98 132 690
Asia (excl. Japan)
Bangladesh 354 354 1 1 355
China 225 117 342 35 727 762 1104
Fiji 1 1 1
Hong Kong 71 290 361 3 370 373 734
India 85 633 718 146 146 864
Indonesia 70 7 77 30 58 88 165
Korea 46 17 63 7 489 496 559
Malaysia 85 3 88 6 1 92 99 187
Mongolia 38 38 6 3 9 47
Pakistan 6 6 6
Philippines 81 15 96 24 122 146 242
Singapore 20 326 346 205 205 551
Sri Lanka 2 2 7 6 13 15
Taiwan 113 32 145 42 42 187
Thailand 46 4 50 34 34 84
Vietnam 5 5 10 10
Latin America
Argentina 24 6 4 34 44 27 59 130 164
Aruba 1 1 3 3 4
Bahamas 4 1 5 5
Barbados 3 3 6 6
Belize 2 2 2
Bermuda 9 9 3 26 29 38
Bolivia 177 9 186 2 2 188
Brazil 50 6 56 23 2 284 309 365
Cayman Islands 42 42 1 96 97 139
Chile 35 139 174 10 123 133 307
Colombia 18 35 53 22 1 50 73 126
Costa Rica 61 3 221 285 6 8 14 299
Dominican Republic 230 230 17 6 23 253
Ecuador 5 1 6 6
El Salvador 9 3 12 12
Grenada 2 2 2
Guatemala 4 8 12 12
Honduras 4 4 2 9 11 15
Jamaica 3 3 10 11 21 24
Mexico 67 3 70 43 279 322 392
Nicaragua 2 2 2
Panama 7 7 14 21 35 42
Paraguay 4 6 10 10
Peru 19 295 314 15 75 90 404
Saint Vincent and the Grenadines 1 1 1
Trinidad and Tobago 3 4 7 7
Uruguay 19 4 23 23
Venezuela 76 18 94 19 40 59 153
Middle East
Bahrain 11 11 7 12 19 30
Iraq 1 1 1
Israel 32 1 33 33 27 60 93
Kuwait 34 34 9 9 43
Lebanon 244 244 32 2 34 278
Oman 11 11 8 8 19
Qatar 44 44 9 57 66 110
Saudi Arabia 4 4 27 27 31
United Arab Emirates 3 3 12 6 217 235 238
Africa
Angola 171 171 2 2 173
Benin 11 11 11
Burundi 10 10 1 1 11
Chad 6 6 6
Cote d`Ivoire 27 27 3 53 56 83
Egypt 99 32 131 4 3 7 138
Ethiopia 1 1 1
Gabon 6 6 3 3 9
Ghana 123 10 133 4 4 137
Kenya 70 29 99 2 2 101
Mauritius 101 6 107 107
Morocco 59 116 175 5 4 9 184
Mozambique 1 1 1
Namibia 16 22 38 2 4 6 44
Niger 8 8 8
Nigeria 17 17 3 13 16 33
Congo 1 1 1
Rwanda 9 9 1 1 10
Senegal 28 28 2 2 30
Seychelles 1 1 1 1 2
South Africa 28 17 421 466 13 67 80 546
Tanzania 132 132 1 1 133
Togo 16 16 1 1 17
Tunisia 17 17 14 14 31
Zambia 125 125 3 3 128
* the number of issues in Cbonds database (outstanding)