□ Published by International Capital Market Association (You can find more information on the website www.icmagroup.org)
□ Published on March 2021
□ Summary of the article:
This research covers trends in primary issuance in the international bond market in Asia over the last 15 years as well as secondary market structure and trends in recent years. For the primary markets, this report examines issuances through multiple geographical lenses. With respect to the secondary market, this report assesses liquidity conditions and then market structure and the dynamics that affect market liquidity. It also provides a short overview of recent market performance, particularly in light of the 2020 Covid-19 related turbulence.