CIS DEBT MARKET STATISTICS

Transcription

1 Cbonds.ru Ltd. Phone/Fax: + 7 (812) Pirogovskaya nab., 21, St. Petersburg Version of CIS DEBT MARKET STATISTICS Domestic market Government bonds - Market statistics Municipal bonds - Market statistics Corporate bonds - Market statistics - Sectoral structure Expected redemption

2 Table of contents General provisions... 3 Methodology for calculating market volume indices... 3 Procedure for calculating the indices of new issues... 3 Methodology for calculating indices of expected redemptions... 4 Appendix... 5 Bond Market (Azerbaijan)... 5 Bond Market (Armenia)... 6 Bond Market (Georgia)... 7 Bond Market ()... 7 Bond Market ()... 8 Bond market (other CIS) CIS Bond Market statistics

3 General provisions The Cbonds statistics on the CIS bond market reflects the dynamics of the state of various segments of the debt market in view of sectors, industries, types and kinds of securities. Statistics is published on a regular basis since 2018 and contains the following types of indicators: - volumes of bond markets; - volumes of new issues; - expected volumes of redemptions. Methodology for calculating market volume indices 1. The list of bonds for calculating indices (hereinafter referred to as the List) is formed monthly on the last business day. 2. The List includes issues that are circulated on the domestic/foreign market as on the reporting date (they have the status "Outstanding"). 3. Market volume indices are calculated as the total volume of all issues based on the initial/outstanding par value (the index is calculated based on the original par value, unless specified otherwise). In case of incomplete placement of the issue, only the volume that was actually placed is taken into account. 4. If the issue currency differs from the index calculation currency, the issue volume is converted to the index calculation currency based on the exchange rate of the selected CB as on the reporting date. 5. The indices of the of issuers and issues are calculated correspondingly according to the formed Lists. Procedure for calculating the indices of new issues 1. The List is formed on a monthly basis on the last business day. 2. The List includes issues for which the end date of the placement falls on the reporting month. 3. Indices of new issues are calculated as the total volume of all issues for the initial/outstanding par value (the index is calculated based on the original par value, unless otherwise specified). In case of incomplete placement of the issue, only the volume that was actually placed is taken into account. 4. When calculating indices, both initial placements and additional placements are taken into account. Secondary placements are not taken into account. 5. If the issue currency differs from the index calculation currency, the issue volume is converted to the index calculation currency based on the exchange rate of the selected CB as on the reporting date. 6. The indices of the of issuers and emissions are calculated correspondingly according to the received Lists. -3-

4 Methodology for calculating indices of expected redemptions 1. Lists for the year ahead are formed monthly on the last business day. 2. The List includes all issues the maturity date of which falls on the settlement period. 3. Indices of expected redemptions are calculated as the total volume of all emissions based on the initial nominal value. In case of incomplete placement of the issue, only the volume that was actually placed is taken into account. 4. If the issue currency differs from the index calculation currency, the emission volume is converted to the index calculation currency based on the exchange rate of the selected CB as on the reporting date. 5. Indices are recalculated monthly on the last business day one year ahead of the month of recalculation. Table 1. Types of indicators calculated for different groups of indices Name of group of indices Market size Types of indicators New issues Domestic market Bond Market (Azerbaijan) + + Bond Market (Armenia) + + Bond Market () + + Bond Market (Georgia) + + Bond Market () + + Bond Market (other CIS) + + CIS bond market statistics (expected values) Expected redemption + Cbonds reserves the right to recalculate the archived values of the indices. A complete list of calculated indices is shown in Appendix. Contact information: Russia & CIS Fixed Income Division russia@cbonds.info; Phone/Fax: + 7 (812) Pirogovskaya nab., 21, St. Petersburg -4-

5 Appendix Bond Market (Azerbaijan) 1 Government bonds of Azerbaijan, USD million 2 Corporate bonds of Azerbaijan, USD million 3 Corporate bonds of Azerbaijan (financial sector), USD million 4 New issues of sovereign bonds of Azerbaijan, million USA 5 New issues of corporate bonds of Azerbaijan, USD million 6 New issues of corporate bonds of Azerbaijan (financial sector), USD million 7 Number of issuers of Azerbaijan corporate bonds 8 Number of issues of corporate bonds Azerbaijan 9 Number of new issues of corporate bonds of Azerbaijan -5-

6 Bond Market (Armenia) 10 Government bonds of Armenia, USD million 11 Corporate bonds of Armenia, USD million 12 New issues of sovereign bonds of Armenia, million USA 13 New issues of corporate bonds of Armenia, USD million 14 Number of issuers of Armenia corporate bonds 15 Number of issues of corporate bonds Armenia 16 Number of new issues of corporate bonds of Armenia 17 Number of new issuers of corporate bonds of Armenia -6-

7 Bond Market (Georgia) 18 Government bonds of Georgia, USD million 19 Corporate bonds of Georgia, USD million 20 New issues of sovereign bonds of Georgia, million USA 21 Number of issuers of Georgia corporate bonds 22 Number of issues of corporate bonds Georgia Bond Market () 23 Government bonds of, USD million 24 Municipal bonds of, USD million 25 Corporate bonds of, USD million 26 Corporate bonds of (financial sector), USD million 27 Corporate bonds of (real sector), USD million 28 New issues of sovereign bonds of, million USA 29 New issues of municipal bonds of, USD million 30 New issues of corporate bonds of, USD million -7-

8 New issues of corporate bonds of (financial sector), USD million Number of issuers of municipal bonds of Number of issues of municipal bonds of Number of issuers of corporate bonds of Number of issues of corporate bonds of Number of new issues of corporate bonds of Number of new issues of municipal bonds of Bond Market () Government bonds of, USD million 24 Municipal bonds of, USD million 25 Corporate bonds of, USD million 26 Corporate bonds of (financial sector), USD million 27 Corporate bonds of (real sector), USD million 28 New issues of sovereign bonds of, million USA

9 New issues of municipal bonds of, USD million New issues of corporate bonds of, USD million New issues of corporate bonds of (financial sector), USD million Number of issuers of municipal bonds of Number of issues of municipal bonds of Number of issuers of corporate bonds of Number of issues of corporate bonds of Number of new issues of corporate bonds of Number of new issues of municipal bonds of -9-

10 Bond market (other CIS) 53 Government bonds of Tajikistan, USD million 54 Government bonds of Kyrgyz Republic, USD million 55 Government bonds of Moldova, USD million 56 Corporate bonds of Uzbekistan, USD million 57 New issues of government bonds of Moldova, USD million 58 New issues of government bonds of Kyrgyzstan, USD million CIS Bond Market statistics Azerbaijan, USD million Armenia, USD million, USD billion Georgia, USD million, USD billion Kyrgyzstan, USD million -10-

11 Moldova, USD million Planned redemption of municipal bonds of, USD million Planned redemption of municipal bonds of, USD million Azerbaijan, USD million Armenia, USD million, USD billion Georgia, USD million, USD billion Uzbekistan, USD million -11-