Research

BCLM Corporate Bond Market Research 2022

The corporate bond markets of Brunei Darussalam, Cambodia, Lao PDR and Myanmar, or collectively known as BCLM, are still in the nascent stages of development. Among these countries, only Cambodia has local corporate bond issuances. This paper shows the overview of the developments and challenges in their respective corporate bond markets.

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Singapore Corporate Bond Market Research 2022

Given its internationally recognized financial industry, Singapore’s corporate bond market is already considered as well-developed compared with other countries ASEAN. It is notable that the demand for Singapore dollar denominated corporate bonds is high – driven by both local and foreign investors. Among ASEAN countries, Singapore has attracted foreign corporates to tap into its corporate bond market.

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Malaysia Corporate Bond Market Research 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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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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