List of government bonds

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This article is outdated. Please update this article to reflect recent events or newly available information. Please see the talk page for more information. (October 2010)

This is a list of categories of Government bonds around the world.

Moody's		S&P		Fitch
Long Term	Short Term	Long Term	Short Term	Long Term	Short Term
Aaa	P-1	AAA	A-1+	AAA	A1+	Prime
Aa1		AA+		AA+		High grade
Aa2		AA		AA
Aa3		AA-		AA-
A1		A+	A-1	A+	A1	Upper Medium grade
A2		A		A
A3	P-2	A-	A-2	A-	A2
Baa1		BBB+		BBB+		Lower Medium grade
Baa2	P-3	BBB	A-3	BBB	A3
Baa3		BBB-		BBB-
Ba1	Not Prime	BB+	B	BB+	B	Non Investmentgrade speculative
Ba2		BB		BB
Ba3		BB-		BB-
B1		B+		B+		Highly Speculative
B2		B		B
B3		B-		B-
Caa		CCC+	C	CCC	C	Substantial risks
Ca		CCC				Extremely speculative
C		CCC-				In default with little prospect for discovery
/		D	/	DDD	/	In default
/				DD
/				D

Contents [hide] 1 Main issuers 2 Country by country data 2.1 Asia 2.1.1 Japan (AA-/A2) 2.1.2 Hong Kong (AAA) 2.1.3 People's Republic of China (AA-/A+/A1) 2.2 Europe 2.2.1 Eurozone 2.2.1.1 Austria (AAA/Aaa) 2.2.1.2 Belgium (AA/Aa1) 2.2.1.3 Finland (AAA/Aaa) 2.2.1.4 France (AAA/Aaa) 2.2.1.5 Germany (AAA/Aaa) 2.2.1.6 Greece (CCC/Caa1) 2.2.1.7 Italy (AA- "with negative outlook"/Aa2) 2.2.1.8 Netherlands (AAA/Aaa) 2.2.1.9 Spain (AA-/A-1+) 2.2.2 Non-Eurozone 2.2.2.1 Bulgaria (Baa2 Stable/Baa2) 2.2.2.2 United Kingdom (AAA/Aaa) 2.2.2.3 Iceland (BB+) 2.2.2.4 Romania (BB+) 2.2.2.5 Sweden (AAA/Aaa) 2.3 North America 2.3.1 United States (AA+/Aaa) 2.3.2 Canada (AAA/Aaa) 3 See also 4 References 5 External links

[edit] Main issuers

Currency	Country	Generic Name or Nickname	Rating (S&P/Moody's)	Negotiable debt at mid-2005 (US dollar bn equivalent)	Government financial liabilities as % of GDP (end 2003 - source : OECD)	Issuer	Internet site
Yen	Japan	JGBs	AA-/A2	6,666	157.5%	Ministry of Finance (MoF)	Site
US dollar	United States	US Treasuries	AA+/Aaa	4,000	62.5%	Bureau of the Public Debt	Site
Euro	Italy	BTPs	AA- with negative outlook/Aa2	1,530	120.9%	Dipartimento del Tesoro	Site
Euro	France	OATs	AAA/Aaa	1,300	71.2%	Agence France Trésor	Site
Euro	Germany	Bunds	AAA/Aaa	1,020	65.1%	Finanzagentur GmbH	Site
Pound sterling	United Kingdom	Gilts	AAA/Aaa	703	42.0%	UK Debt Management Office	Site

[edit] Country by country data

[edit] Asia

[edit] Japan (AA-/A2)

Issued By: Ministry of Finance (MoF)

• Japanese Government Bonds (JGBs)
  • Revenue Bonds/Straight Bonds
  • Financing Bills
  • Subsidy Bonds
  • Subscription Bonds
  • Contribution Bonds
  • Demand Bonds (kofu kokusai)
  • Index-linked Bonds (JGBi)

Ministry of Finance

[edit] Hong Kong (AAA)

Issued by: Hong Kong Monetary Authority

• Government Bond Programme [1]

[edit] People's Republic of China (AA-/A+/A1)

Issued by: Ministry of Finance

• Ministry of Finance [2]

[edit] Europe

[edit] Eurozone

[edit] Austria (AAA/Aaa)

Issued By: Österreichische Bundesfinanzierungsagentur, the Austrian Federal Financing Agency

• Government Bonds
• Debt Issuance Programme (DIP and DIP 144A)
• Euro Medium Term Note (EMTN)
• ATB-Programms

Österreichische Bundesfinanzierungsagentur

[edit] Belgium (AA/Aa1)

Issued By: Agentschap van de schuld/Agence de la Dette, the Belgian Debt Agency

• Belgian Treasury Bills BTB - bills, tap-issued
• Certificats de Trésorerie (CTs) - bills
• Obligations linéaires ordinaires (OLOs) - bonds

Agentschap van de schuld/Agence de la Dette

[edit] Finland (AAA/Aaa)

Issued By: Valtiokonttori, the Finland State Treasury

• Government Bonds
• Yield Bonds
• EMTN Programme
• Government Treasury Bills

Valtiokonttori

[edit] France (AAA/Aaa)

Issued By: Agence France Trésor, the French Debt Agency

• OATs
  • BTFs - bills of up to 1 year maturities
  • BTANs - 1 to 6 year notes
  • Obligations assimilables du Trésor (OATs) - 7 to 50 year bonds
  • TEC10 OATs - floating rate bonds indexed on constant 10year maturity OAT yields
  • OATi - French inflation-indexed bonds
  • OAT?i - Eurozone inflation-indexed bonds

Agence France Trésor

[edit] Germany (AAA/Aaa)

Issued By: Finanzagentur GmbH, the German Debt Agency

• Bunds
  • Bubill - bills
  • Bundesschatzanweisungen (Schätze) - 2 year notes
  • Bundesobligationen (Bobls) - 5 year notes
  • Bundesanleihen (Bunds and Buxl) - 10 and 30 year bonds

Finanzagentur GmbH

[edit] Greece (CCC/Caa1)

Issued By: Οργανισμός Διαχείρησης Δημοσίου Χρέους, the Public Debt Management Agency (P.D.M.A.).

Negotiable debt : Euro 354bn on 31 March 2011^[1]

Οργανισμός Διαχείρησης Δημοσίου Χρέους - Public Debt Management Agency

[edit] Italy (AA- "with negative outlook"/Aa2)

Issued By: Dipartimento del Tesoro

• Buoni Ordinari del Tesoro (BOTs) - bills up to 1 year
• Certificati del Tesoro Zero Coupon (CTZ) - bills up to 2 year
• Buoni del Tesoro Poliannuali (BTPs) - bonds
• Certificati di Credito del Tesoro (CCTs) - floating rate notes
• BTP Indicizzato all'Inflazione - inflation linked bonds

Dipartimento del Tesoro

[edit] Netherlands (AAA/Aaa)

Issued by: Agentschap van het ministerie van Financiën, the Dutch State Treasury Agency

• DTC (Dutch Treasury Certificates) - bills
• DSL (Dutch State Loans) - bonds

Dutch State Treasury Agency

[edit] Spain (AA-/A-1+)

Issued By: Tesoro Público, the Spanish Public Treasury

• Letras del Tesoro - bills
• Bonos del Estado - bonds 2–5 years
• Obligaciones del Estado - bonds 5+ years

Tesoro Público

[edit] Non-Eurozone

[edit] Bulgaria (Baa2 Stable/Baa2)

Issued By: Ministry of Finance

• Policy Statement

[edit] United Kingdom (AAA/Aaa)

Issued By: UK Debt Management Office

• Gilts
  • Conventional Gilts
  • Index-linked Gilts
  • Double-Dated Gilts
  • Undated Gilts (Consols and War Loans)
  • Gilt Strips

UK Debt Management Office

[edit] Iceland (BB+)

Issued By: Lánasýsla ríkisins, the Icelandic National Debt Management Agency

• HFF bonds
• Housing bonds
• Housing authority bonds

Bond information in English
National Debt Management Agency

[edit] Romania (BB+)

Issued By: Ministerul Finanțelor Publice, the Public Finance Ministry

• Certificate de trezorerie - bills, maturity up to a year
• Obligațiuni de stat - bonds

Bond information in English from the Ministry of Public Finance

[edit] Sweden (AAA/Aaa)

Issued By: Riksgäldskontoret, the Swedish National Debt Office

Riksgäldskontoret

[edit] North America

[edit] United States (AA+/Aaa)

Issued By: Bureau of the Public Debt

• US Treasuries
  • Treasury bill
  • Treasury note
  • Treasury bond
  • TIPS
  • Savings bond

Bureau of the Public Debt

[edit] Canada (AAA/Aaa)

Issued By:

• Canada Bond - fixed rate
• Real return bond (RRB) - inflation-indexed
• Canada Savings Bond (CSB)
• Ontario Savings Bond
• Saskatchewan Savings Bond

[edit] See also

• Government bond
• Government debt

[edit] References

1. ^ Ministry of Finance (2011). "HELLENIC REPUBLIC PUBLIC DEBT BULLETIN 61 (MARCH 2011)". http://www.minfin.gr/content-api/f/binaryChannel/minfin/datastore/b9/be/75/b9be75304eaa26e2c0deb75c428b8a899c506aaf/application/pdf/Bulletin_No61.pdf. 

[edit] External links

• Economic and Financial Committee on EU Government Bills and Bonds
• Rating by Dagong Global
• Ratings by S&P
• Ratings by Moody's