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Underdeveloped bond market in Bangladesh : reasons and measures to improve | |
Author | Hossain, Md. Abid |
Note | A project submitted in partial fulfillment of the requirements for the degree of Professional Master in Banking and Finance, School of Management |
Publisher | Asian Institute of Technology |
Abstract | There are a lot of impediments to the development of bond market in Bangladesh. The bond market is still at a budding stage. It is attributed by a limited supply of debt instruments, especially long-term instruments. Consequently, the reliable benchmark for long-term bonds or debentures does not exist. The market is illiquid and trading is motionless. It is slowed down by the relatively high interest rate bearing risk-free national savings scheme, though interest has been reduced a little bit in recent years. In addition, the issuance process of bond is burdensome and costly, which becomes a disincentive to the development of effective bond market. Finally, the investor base has to be extended in parallel with a suitable investor education. Recommended measures must be undertaken for developing the bond market. |
Year | 2012 |
Type | Project |
School | School of Management (SOM) |
Department | Other Field of Studies (No Department) |
Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
Chairperson(s) | Venkatesh, Sundar |
Examination Committee(s) | Gopalaswamy, Arun Kumar ;Sununta Siengthai |
Scholarship Donor(s) | Bangladesh Bank |