EM Countries Debt Markets

- full coverage
- all except municipal bonds
- only Eurobonds and government bonds
- only Eurobonds
Land Government bonds Municipal bonds Corporate bonds Total bonds Government international bonds Municipal international bonds Corporate international bonds Total international bonds Total
CIS
Armenia 47 18 65 2 2 4 69
Azerbaijan 34 39 73 1 9 10 83
Belarus 172 127 674 973 1 1 974
Georgia 49 8 57 1 4 5 62
Kazakhstan 174 223 397 5 47 52 449
Kyrgyzstan 79 6 85 85
Moldova 133 133 133
Russia 50 114 1174 1338 13 1 281 295 1633
Tajikistan 8 8 8
Ukraine 283 2 615 900 12 30 42 942
Uzbekistan 7 7 7
Western Europe
Austria 187 16 1103 1306 19 3 228 250 1556
Belgium 139 2 225 366 31 25 56 422
Cyprus 25 10 35 5 15 20 55
Denmark 14 49 1629 1692 2 25 164 191 1883
Finland 16 13 698 727 18 231 249 976
France 237 22 1438 1697 1048 1048 2745
Germany 280 660 9720 10660 10 1356 1366 12026
Greece 25 4 29 4 43 47 76
Iceland 17 11 53 81 2 20 22 103
Ireland 32 53 85 217 217 302
Italy 123 2 1889 2014 66 18 838 922 2936
Luxembourg 3 127 130 3 677 680 810
Malta 93 25 118 1 1 119
Netherlands 70 158 228 1 1433 1434 1662
Norway 11 47 700 758 294 294 1052
Portugal 26 133 159 1 85 86 245
Spain 85 30 264 379 4 6 362 372 751
Sweden 25 10 288 323 18 95 655 768 1091
Switzerland 40 175 803 1018 380 380 1398
United Kingdom 102 1 481 584 2 1 3304 3307 3891
Developed Markets (excl. Europe)
Australia 34 3 362 399 1 789 790 1189
Canada 69 132 492 693 9 84 724 817 1510
Guernsey 9 9 1 4 5 14
Japan 369 68 897 1334 9 461 470 1804
New Zealand 12 7 93 112 1 2 37 40 152
Jersey 32 32 1 5 6 38
USA 451 197 12242 12890 3518 3518 16408
Eastern Europe
Albania 133 133 3 3 136
Bosnia and Herzegovina 77 6 7 90 2 2 92
Bulgaria 25 2 60 87 7 4 11 98
Croatia 41 4 21 66 9 11 20 86
Czech Republic 44 2 160 206 6 1 60 67 273
Estonia 9 59 68 1 7 8 76
Hungary 156 2 196 354 16 20 36 390
Latvia 14 76 90 9 6 15 105
Lithuania 110 15 125 11 2 13 138
Macedonia 149 149 2 2 151
Montenegro 13 1 14 4 4 18
Poland 263 81 719 1063 49 1 34 84 1147
Romania 36 39 9 84 12 6 18 102
Serbia 104 10 114 5 5 119
Slovakia 17 158 175 11 6 17 192
Slovenia 30 28 58 12 7 19 77
Turkey 51 467 518 35 98 133 651
Asia (excl. Japan)
Bangladesh 352 352 1 1 353
China 224 2 184 410 36 1 751 788 1198
Fiji 1 1 1
Hong Kong 70 265 335 3 400 403 738
India 84 1333 1417 146 146 1563
Indonesia 69 7 76 32 60 92 168
Korea 46 18 64 7 486 493 557
Malaysia 87 3 90 6 1 92 99 189
Mongolia 34 34 6 3 9 43
Pakistan 6 6 6
Philippines 83 15 98 23 118 141 239
Singapore 21 324 345 208 208 553
Sri Lanka 2 2 7 6 13 15
Taiwan 113 31 144 43 43 187
Thailand 45 4 49 34 34 83
Vietnam 5 5 10 10
Latin America
Argentina 24 6 68 98 44 28 65 137 235
Aruba 3 3 3
Bahamas 4 1 5 5
Barbados 45 45 3 3 6 51
Belize 2 2 2
Bermuda 1 6 7 3 8 11 18
Bolivia 269 9 278 2 2 280
Brazil 50 6 56 23 2 288 313 369
Cayman Islands 40 40 1 38 39 79
Chile 37 139 176 10 122 132 308
Colombia 17 35 52 22 1 49 72 124
Costa Rica 61 3 211 275 6 8 14 289
Dominican Republic 221 221 18 7 25 246
Ecuador 5 1 6 6
El Salvador 9 3 12 12
Grenada 2 2 2
Guatemala 15 15 4 9 13 28
Honduras 50 4 54 2 9 11 65
Jamaica 3 3 10 11 21 24
Mexico 66 5 71 47 279 326 397
Nicaragua 9 9 2 2 11
Panama 7 7 14 22 36 43
Paraguay 17 316 333 4 6 10 343
Peru 18 293 311 15 75 90 401
Saint Vincent and the Grenadines 1 1 1
Trinidad and Tobago 3 4 7 7
Uruguay 19 4 23 23
Venezuela 74 18 92 19 41 60 152
Middle East
Bahrain 11 11 7 12 19 30
Iraq 1 1 1
Israel 31 257 288 33 27 60 348
Kuwait 37 37 9 9 46
Lebanon 241 241 35 2 37 278
Oman 11 11 2 8 10 21
Qatar 42 42 12 62 74 116
Saudi Arabia 4 4 26 26 30
United Arab Emirates 4 4 12 6 222 240 244
Africa
Angola 197 197 2 2 199
Benin 11 11 11
Burundi 10 10 1 1 11
Chad 6 6 6
Cote d`Ivoire 27 27 3 53 56 83
Egypt 98 31 129 4 4 8 137
Ethiopia 1 1 1
Gabon 6 6 3 3 9
Ghana 117 10 127 4 4 131
Kenya 70 29 99 2 2 101
Mauritius 105 6 111 111
Morocco 58 116 174 5 4 9 183
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 10 10 1 1 11
Senegal 28 28 2 2 30
Seychelles 1 1 1
South Africa 28 17 448 493 13 65 78 571
Tanzania 132 132 1 1 133
Togo 16 16 1 1 17
Tunisia 19 19 14 14 33
Zambia 128 128 3 3 131
* the number of issues in Cbonds database (outstanding)