S. NO.

NAME OF TOPIC PAGE

1 GLOBAL BOND MARKET 1
A List of bond market indices 2
B Bond indices 2
C Trends in Asia's Bond Markets, a speech 3
D Regional Size Of Lcy Bond Market In % Of GDP 6
2 IMPORTANCE OF DOMESTIC BOND MARKET IN 7
ECONOMIC DEVELOPMENT
3 STATISTICAL COMPARISONS BETWEEN 9
PA.IN.CH.MA.

CHINESE
BOND
MARKET
S. NO. NAME OF TOPIC PAGE
1 HISTORY OF CHINESE BOND MARKET 10
A I. Before 1949 10
B Ii. Post 1949 11
2 CREDIT RATING HISTORY 14
3 WHERE DOES CHINA STANDS? (GOVT. DEBT AS 14
% OF GDP)
4 THE PRESENT CHINESE BOND MARKET 15
A I. MARKET STRUCTURE 15
i 1. The Interbank Market 15
ii 2. The Exchange Market 15
iii 3. The Bank Counter Market 15
B II. MAJOR BOND INSTRUMENTS AND ISSUERS 16
i 1. Government Bonds 16
ii 2. Central Bank Bills 19
iii 3. Financial Bonds 19
(1) Policy Bank Bonds 19
(2) Bank Subordinate Bonds And Hybrid Capital Bonds 20
(3) Other Financial Bonds 21
iv 4. Non-Financial Corporation Bonds 21
(1) Enterprise Bonds 21
(2) Convertible Bonds 22
(3) Corporate Cps And Mtns 22
(4) Listed Company Bonds 23
v 5. Asset Backed Securities 23
vi 6. Panda Bonds 23
5 REGIONAL SIZE OF LCY BOND MARKET IN % OF 25
GDP
C III. MAJOR BOND MARKET INVESTORS 26
i 1. Commercial Banks 26
ii 2. Insurance Companies 27
iii 3. Mutual Funds 28
iv 4. Securities Companies 29
v 5. National Social Security Fund 30
vi 6. Occupational Pension Funds 30
vii 7. Non-Bank Financial Institutions 31
viii 8. Non Financial Institutions 31
ix 9. Individual Investors 32
x 10. Foreign Investors 32
 INDIA
BOND
MARKET
S. NO. NAME OF TOPIC PAGE
1 HISTORY 33
2 CREDIT RATING HISTORY 35
3 WHERE DOES INDIA STANDS? (GOVT. DEBT AS % 36
OF GDP)
4 WHOLESALE DEBT MARKET SEGMENT 36
5 TURNOVER 37
6 MARKET CAPITALIZATION 40
7 ZERO COUPON YIELD CURVE 42
8 NSE-VAR SYSTEM 43
9 GOI-BOND INDEX 43
10 DEBT MARKET STRUCTURE 44
11 SECURITY WISE DISTRIBUTION OF TRADES IN 45
WDM
12 PARTIICIIPANT WISE DISTRIBUTION OF TRADES 46
IN WDM
 MALAY
SIA
BOND
MARKET
S. NO. NAME OF TOPIC PAGE
1 OVERVIEW: 47
2 CREDIT RATING HISTORY 49
3 WHERE DOES MALAYSIA STANDS? (GOVT. DEBT 49
AS % OF GDP)
4 INSTRUMENTS: 50
A Government And Bnm Securities 51
i Malaysian Government Securities (Mgs) 51
ii Malaysian Government Securities Callable (Mgsc) 52
iii Government Investment Issues (Gii) 52
iv Malaysian Treasury Bills (Mtb) 52
v Malaysian Islamic Treasury Bills (Mitb) 53
vi Sukuk Bank Negara Malaysia Ijarah (Sbnmi) 53
vii Bank Negara Monetary Notes (Bnmn) 53
viii Floating Rate Bank Negara Monetary Notes (Bnmnf) 53
ix Merdeka Savings Bonds 54
 x Sukuk Simpanan Rakyat 54
B Corporate Or Private Debt Securities 54
i Khazanah Bonds 54
ii Cagamas Papers 54
iii Cagamas Bonds (Cagb) 54
iv Cagamas Notes (Cagn) 55
v Cagabais (Formerly Known As Sac, Or Sanadat Abba 55
Cagamas)
vi Sanadat Mudharabah Cagamas (Smc) 55
vii Notes Issuance Facility (Nif) 55
viii Commercial Papers (Cps) 56
ix Floating-Rate Notes (Frns) 56
x Medium-Term Notes (Mtns) 56
xi Straight Bonds 57
xii Asset-Backed Securities (Abs) 57
xiii Convertible Bonds 57
xiv Bonds With Warrants 57
xv Zero Coupon Bonds 58
C DEBT SECURITIES LISTED AND TRADED ON 58
BURSA MALAYSIA:
i Redeemable Convertible Loan Stocks 59
ii Irredeemable Convertible Loan Stocks 59
iii Redeemable Non-Convertible Loan Stocks 59
5 OUTSTANDING MALAYSIAN DEBT SECURITIES 59
AND SUKUK BY ISSUANCE PRINCIPLE
6 MALAYSIAN CONVENTIONAL BOND MARKET 60
7 MALAYSIAN ISLAMIC BOND MARKET 61
8 CONVENTIONAL SECURITIES AND THE ISLAMIC 62
SECURITIES DIFFER
9 THE LEGALITY OF SUKUK: 63
i (I) Rights To Underlying Asset And Its Cashflow 63
ii (Ii) Rights To Cashflow From The Contract Of 64
Exchange But Not The Asset
iii (Iii) Rights To Undivided Interest In Specific Investment 64
10 COMPARISONS BETWEEN COUNTRIES 65
11 SUPPLEMENTARY RESEARCH 66
12 REFERENCES 75