Dictionary

Emerging Market Bonds

From the Collaborative Bond and Money Market Data Portal.

Developing Markets are the markets of those nations, where the industrial base is less developed. Developing Markets can be categorized into 1. Emerging, 2. Frontier and 3. Least Developing Markets. Emerging Markets are the group of countries that are progressing towards becoming more advanced or developed. A Frontier Market is a type of developing market which is more developed than the least developing markets, but too small to be generally considered an Emerging Market. The nations of the Frontier Markets stand at an earlier stage of economic and political development, in comparison to the larger and more mature emerging markets, such as China, Brazil and Turkey. There are various lists, following different criteria that identify Emerging from Frontier and Least Developed Markets or countries. These lists are produced by the FTSE, MSCI, S&P and Dow Jones.

Emerging market bonds comprise both bonds issued in the domestic market of an emerging country as well as bonds denominated or linked to the currency of an emerging country but issued offshore using an international bond format.

CMD portal uses a combination of the MSCI, S&P and FTSE lists of emerging markets to categorise countries that fall into this group to have the widest definition.

In the Collaborative Bond and Money Market Data Model the issuer's country appears at the Legal Entity level. Where the issuer is not a branch, this is the county of registration. Where the issuer is a branch, this is the country where the branch is located. Multiple countries can form a region.  Emerging market countries form one such region. CMD portal uses the widest possible definition for Emerging Market countries.

Based on available data, as of 31st October 2018, the total amount of outstanding vanilla debt issued by issuers from Emerging markets is USD15tn in over 40 currencies. There is USD14.6tn of debt outstanding in emerging market currencies.

For information on the total amount of Emerging Market Bonds outstanding, use the CMDPortal's Data Sheet tool. 

 

For information on issues in Emerging Market Bonds, use the CMDPortal's Instrument Search tool.

 

For information on the composition of Emerging Market Bonds, use the CMDPortal's Issuer Search tool. 

 

For information on active dealers in Emerging Market Bonds, use the CMDPortal's Dealer Search tool.