Research

Malaysia Corporate Bond Market 2021

This paper explores the unique characteristics of Malaysia’s corporate bond market. Compared to other countries in ASEAN, Malaysia’s corporate bond market can be considered as a developed one. The domestic corporate bond market is found to be sufficient to meet both the size and maturity requirements of local corporate issuers. The presence of sukuk is also a notable part of Malaysia’s corporate bond market, which provides options to issuers to tap into a diverse range of institutional investors.

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CLM Corporate Bond Market 2021

Cambodia, Lao PDR, and Myanmar, collectively known as CLM, have nascent corporate bond markets. Among the three, only Cambodia has a corporate bond market, while Lao PDR and Myanmar have no corporate bond issuance yet. This paper shows the overview of the developments and challenges in their respective corporate bond markets.

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Philippines Corporate Bond Market 2020

The Philippines has been active in developing its corporate bond market. Improvements in corporate bond regulations also helped in encouraging issuers to tap the corporate bond market for funding. With increased awareness on sustainability, Philippine-based issuers are becoming open to green bond issuances in sectors such as renewable energy, financials and real estate.

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Thailand Corporate Bond Market 2020

Among other ASEAN countries, Thailand has a relatively developed corporate bond market. Its investor base is dominated by individual investors, followed by institutional investors such as insurance companies, mutual funds and contractual savings fund. Over the years, Thailand has welcome non-Thai issuers in its market through the promotion of “Baht Bonds”. Other market development in the country includes the promotion of green bonds.

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Vietnam Corporate Bond Market 2019

Viet Nam’s corporate bond market has been the smallest as compared to its ASEAN6 neighbors. However, over the recent years, there has been a significant progress in the issuance of VND-denominated corporate bonds. In addition to the openness of Vietnamese entities for corporate bonds as means for financing, regulatory changes may serve as impetus for the development of the market.

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