... other fi-nancial institutions that are also its main users. 72 South Asian Bond Markets1.6 Cost of Bond Issuance, Selected South Asian Countries, 2007 . . . . . . . . . 152.1 Structure of Financial ... 107.7xx South Asian Bond MarketsxxiDeveloping deep, well-functioning domestic bond markets can help countriesgenerate the long-term financing needed for sustainable economic growth. In South Asian ... innovation. Executive SummaryHow Do South Asian Bond Markets Compare?The development of domestic debt securities markets varies substantially amongthe five South Asian countries studied. India’s...