The corporate bond market activity has picked up in recent years both in the primary and secondary market segments. However, this market is yet to acquire depth, vibrancy and integration comparable to other segments of the fi nancial market. The secondary market trends support the view that over the counter trades are the most favoured route by investors. Data on primary and secondary market activity are from diversifi ed sources and lack completeness and uniformity, making it diffi cult to draw meaningful conclusions. Apart from introducing various measures for the development of the market, the regulators should focus on the dissemination of comprehensive data on the corporate debt market in a transparent manner.