ASEAN+3 Bond Market Guide 2018: Myanmar | Asian Development Bank

ASEAN+3 Bond Market Guide 2018: Myanmar

Publication | February 2018
ASEAN+3 Bond Market Guide 2018: Myanmar

This Bond Market Guide provides an update for current and future domestic, regional, and international market participants on the tremendous developments in the Myanmar securities market.

The Republic of the Union of Myanmar began to emphasize the development of its financial and capital markets in 2008. Much has been achieved since then.

There were a number of significant milestones in the Myanmar financial and capital markets in 2013, including the Central Bank of Myanmar gaining its independence by law from the then Ministry of Finance, and the passage of the Securities Exchange Law (SEL). The SEL (i) laid the foundation for the key legal framework for the securities market, (ii) established the Securities and Exchange Commission of Myanmar and the Yangon Stock Exchange, and (iii) defined market participants and their activities.

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 2018 for Myanmar is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Myanmar.

Contents 

  • Overview
  • Legal and Regulatory Framework
  • Characteristics of the Myanmar Bond Market
  • Bond and Note Transactions and Trading Market Infrastructure
  • Description of the Securities Settlement System
  • Bond Market Costs and Taxation
  • Market Size and Statistics
  • Presence of an Islamic Bond Market
  • Myanmar Bond Market Challenges and Opportunities
  • Recent Developments and Future Direction
  • Appendixes