The Asia Pacific Secondary Bond Market

Goals

Obtain the market size and other key statistics of the secondary bond market in the Asia Pacific region.

Early Findings

The Asia Pacific Secondary Bond Market

  • The outstanding size of the Asia-Pacific (APAC) cross-border corporate bond secondary market is approximately $2.5 trillion, consisting of 8,500 outstanding issues.
  • Most of the outstanding APAC G3 corporate bonds are denominated in USD (90%). Meanwhile, only 8% are in EUR and 2% are in GBP denominations.
  • From 2011 to 2017, the annual APAC corporate issuance in USD, EUR, and GBP has experienced a threefold increase to reach $930 billion in 2017.
  • China bond entities made up over 40% of the total issuance in 2017, larger than their share of 20% in 2011.
  • The market report covered G3 (USD, EUR, GBP) denominated bonds of non-financial and financial corporate issuers within the region.
  • The electronic trading ranges from 10% to 40% of secondary market activity in APAC. This is lower than the trading rate in the U.S. and in Europe.
  • The Asian Bond Markets Initiative saw the fourth bond issuance that was covered by the "ASEAN+3 Multi-Currency Bond Issuance Framework" in March 2019.
  • The issuance was made by Singapore-based CJ Logistics Asia Pte. Ltd. with SGD70 million worth of 5-year bonds.
  • In Cambodia, microfinance firm LOLC (Cambodia) released KHR80 billion worth of bonds in April 2019 which were traded under the Cambodia Securities Exchange in May.
  • Meanwhile, emerging East Asia’s local currency (LCY) bond market grew to $15.0 trillion at the end of March 2019.
  • The region’s bond market increased by 2.9% quarter-on-quarter during the first three months of 2019.
  • Meanwhile, LCY growth reached 14.0% on a year-on-year basis.

Proprietary Database Search Results

In addition to this public search, we scanned our proprietary research database of over 1 million sources and were unable to find any specific research reports that address your goals.

Summary of Findings:

  • Our one hour of research provided some of the available statistics on the size of the Asia-Pacific cross border corporate bond secondary market and other related data.
  • However, we were not able to find the specific market size of the overall secondary bond market in the region.

Proposed next steps:

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