ASEAN+3 Bond Market Guide 2017: Brunei Darussalam | Asian Development Bank

ASEAN+3 Bond Market Guide 2017: Brunei Darussalam

Publication | October 2017
ASEAN+3 Bond Market Guide 2017: Brunei Darussalam

This report is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Brunei Darussalam. The country's domestic capital market has considerable growth potential.

Since 2006, the government has maintained a continuous program of sukuk (Islamic bond) issuance with progressively longer maturities. The objective of the current program is to both develop Brunei Darussalam’s yield curve as a benchmark for corporate sukuk and provide a safe and liquid investment instrument for domestic financial institutions.

Brunei Darussalam has been a pioneer in issuing short-term sukuk with maturities of 1 year or less. Through June 2017, a total of 146 government sukuk using the principle of al-ijarah (issuance based on underlying assets) had been issued, bringing the cumulative amount issued to BND10.97 billion, with an outstanding amount of BND393.2 million as of 30 June 2017.

About the ASEAN+3 Bond Market Guide

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region’s bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2017 for Brunei Darussalam is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Brunei Darussalam.

Contents 

  • Overview
  • Legal and Regulatory Framework
  • Characteristics of the Brunei Bond Market
  • Bond, Note, and Sukuk Transactions and Trading Market Infrastructure
  • Description of the Securities Settlement System
  • Bond Market Costs and Taxation
  • Market Size and Statistics
  • The Brunei Sukuk Market
  • Brunei Bond Market Challenges and Opportunities
  • Recent Developments and Future Direction