Trading Venues and Corporate Bond Listings by European Countries

Franke, Benedikt, Kosi, Urska and Stoczek, Pia. 2022: Current developments in the European corporate bond market. Working Paper. Available here .


Daily Bond Listings and Terminations on Trading Venues in Europe

Majority of European and international firms use bonds to finance their investments. These bonds are often traded on public markets. Still, little data is available about trends in corporate bond listings on the European market. We tackle this by providing the novel database EBMD via the Collaborative Research Centre “TRR Accounting for Transparency” that is based on ESMA’s data from the Financial Instruments Reference Data System. The graph below dissects recent trends into initial and subsequent bond listings and terminations.



The data used is based on the working paper: Current developments in the European corporate bond market (Franke, Benedikt, Kosi, Urska and Stoczek, Pia. 2022) from the DFG-funded Collaborative Research Centre TRR 266 Accounting for Transparency.

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The EBMD is a comprehensive database of non-financial corporate bond listings in Europe. The database relies on data from four publicly available sources that have undergone thorough data management and data quality checks before combining them.

The primary source is the Financial Instrument Reference Data System (FIRDS) published by the European Securities and Markets Authority (ESMA). Market data is used from ESMA’s MiFID II/MiFIR TV/SI/DRSP register. Both sources can be accessed here.

In addition, data from the Global Legal Entity Identifier Foundation’s (GLEIF) Golden Copy files, and ISIN-to-LEI Relationship files is used that can be accessed via their website. For a more detailed description of the data sources and data quality checks, we refer to the current working paper. If you use the EBMD for your research, please make sure to cite the paper.

With the button below you can download the ebmd data with a codebook and a merged dataset for convenience.