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serving the Public interest of Transparency in Debt Capital Markets
The Collaborative Market Data Network
Serving Transparency in Capital Markets
The Collaborative
Market Data Network

Dictionary

Global Market Bond

From the Collaborative Bond and Money Market Data Portal

A Global Market bond is a bond issued in a form that allows it to be traded in both the relevant local (onshore) and the offshore international, also called eurobond, market. To allow for this Global Market bonds typically have two ISINs, one for clearing in the local onshore market and one for clearing in the offshore international eurobond market. It can be denominated in any freely tradeable currency. 

In the Collaborative Bond and Money Market Data Model, the field "Market" appears with the attribute or classifications:

- Domestic Market
- Foreign Market
- Euro Market, and 
- Global Market.

In Capital Market Data analysis the first two letters off the ISIN are used to determine the Market with the following results:

- XS ISINs are either Euro or Global Bonds,
- non-XS ISINs are either Domestic or Foreign Bonds.

Based on available data, on the 1st of October 2018, the size of the Foreign Bond Market was over USD 1.7tn.

For information on issues in the Global Bond Market, please use the Instrument Search tool.
For information on the current size of the Global Bond Market, please use the Data Sheet tool. 
For information on the composition of the Global Bond Market, please use the Issuer Search tool. 
For information on active dealers in the Global Bond Market, please use the Dealer Search tool.
For information on active investors in the Foreign Bond Market, please use the Fund Search tool.