Bangladesh, Jan. 13 -- Bangladesh bond market, where the government remains the key player, has been more of a non-entity. The corporate bonds are fewer in numbers and funds against those are generally raised through private placement.

The truth is that the prevailing environment in the country's capital market is not that favourable for a bond market to flourish. Yet there have not been serious efforts to put in place a strong and vibrant bond market which could be a viable source of raising funds for investment both by the government and the private sector entrepreneurs.

In fact, getting a strong bond market in place does require a different economic environment and investors' psyche. Even neighbouring India despite being one the major ...