Corporate bond markets in Asia
BIS Quarterly Review
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05 December 2005
Corporate bond markets in Asia differ widely in size. Some primary markets have opened up to foreign issuers while others have relied on quasigovernment issuers. Secondary markets often suffer from illiquidity, due in varying degrees to narrow investor bases, inadequate microstructures and a lack of timely information about issuers.
JEL classification: G140, G180, M400, O160.
The views expressed in this publication are those of the authors and do not necessarily reflect the views of the BIS or its member central banks.
