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Bond market size
 
As of May 2020

The below outstandings are based on the overall size of the European investment grade corporate bond market (including financial and non-financial corporate issuers). This takes into account the publicly listed bonds of issuers incorporated in the EEA (including Switzerland), and denominated in an EEA currency (including CHF). Investment grade is determined by a bond possessing a minimum investment grade rating from at least one of the three main European ratings agencies.

As of May 2020, this is estimated to constitute 17,094 individual ISINs, with a combined equivalent nominal value of approximately €5.65 trillion.


Size and sectorial breakdown of the European IG corporate bond market


Source: ICMA analysis using Bloomberg data


European IG corporate bond market by issuer country of incorporation


Source: ICMA analysis using Bloomberg data


European IG corporate bond market by currency


Source: ICMA analysis using Bloomberg data


European IG corporate bond market by maturity


Source: ICMA analysis using Bloomberg data


European IG corporate bond market issuance history


Source: ICMA analysis using Bloomberg data





(As of May 2020)

The below outstandings are based on the overall size of the European SSA bond market. This takes into account publicly listed bonds of sovereigns, supranationals, and government agencies incorporated in the EEA (including Switzerland), and denominated in an EEA currency (including CHF).

As of May 2020, this is estimated to constitute 11,070 individual ISINs, with a combined equivalent nominal value of approximately €12.2 trillion.


European SSA bond market by country of issuance


Source: ICMA analysis using Bloomberg data


European SSA bond market by currency


Source: ICMA analysis using Bloomberg data


European SSA bond market by maturity profile


Source: ICMA analysis using Bloomberg data