Eurobond Flotation by Russian Corporations and Finance Institutions

Eurobonds are one of the key instruments of international corporate financing. The article studies Eurobond market as a source of raising cash by Russian corporations and finance institutions. It provides structural parameters of Eurobonds and depicts types of securities available on debt market for...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	A. A. Tarasov
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2020
Materias:	eurobonds debt capital market syndication process investment and banking services raising corporate financing Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/03f01d6200cb4065a52993841e90572e
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:03f01d6200cb4065a52993841e90572e
record_format	dspace
spelling	oai:doaj.org-article:03f01d6200cb4065a52993841e90572e2021-11-15T05:20:50ZEurobond Flotation by Russian Corporations and Finance Institutions2413-28292587-925110.21686/2413-2829-2020-6-54-61https://doaj.org/article/03f01d6200cb4065a52993841e90572e2020-12-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/967https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251Eurobonds are one of the key instruments of international corporate financing. The article studies Eurobond market as a source of raising cash by Russian corporations and finance institutions. It provides structural parameters of Eurobonds and depicts types of securities available on debt market for Russian issuers (issues with one or several tranches, benchmark issues). The author analyzes results of Russian issuers’ flotation, including high activity on Eurobond market of exporting companies and successful flotation of ruble Eurobonds. The article studies transaction aspects of Eurobonds market: the role of principle participants of the deal (leading managers, global coordinators, book-runners) and key stages of the security flotation process (getting the credit rating, preparation of legal papers, syndication and marketing on market). It makes a comparative analysis of key instruments of raising finance by Russian borrowers on international markets of debt capital – Eurobonds and syndicated credits. These instruments both compete and supplement each other, which was proven by using the combination of Eurobonds and syndicated credits by leading borrowers. The article comes to the conclusion that combined use of these debt instruments for solving a wide range of finance problems is optimal for corporate capital structure and finance institutions.A. A. TarasovPlekhanov Russian University of Economicsarticleeurobondsdebt capital marketsyndication processinvestment and banking servicesraising corporate financingEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 17, Iss 6, Pp 54-61 (2020)
institution	DOAJ
collection	DOAJ
language	RU
topic	eurobonds debt capital market syndication process investment and banking services raising corporate financing Economics as a science HB71-74
spellingShingle	eurobonds debt capital market syndication process investment and banking services raising corporate financing Economics as a science HB71-74 A. A. Tarasov Eurobond Flotation by Russian Corporations and Finance Institutions
description	Eurobonds are one of the key instruments of international corporate financing. The article studies Eurobond market as a source of raising cash by Russian corporations and finance institutions. It provides structural parameters of Eurobonds and depicts types of securities available on debt market for Russian issuers (issues with one or several tranches, benchmark issues). The author analyzes results of Russian issuers’ flotation, including high activity on Eurobond market of exporting companies and successful flotation of ruble Eurobonds. The article studies transaction aspects of Eurobonds market: the role of principle participants of the deal (leading managers, global coordinators, book-runners) and key stages of the security flotation process (getting the credit rating, preparation of legal papers, syndication and marketing on market). It makes a comparative analysis of key instruments of raising finance by Russian borrowers on international markets of debt capital – Eurobonds and syndicated credits. These instruments both compete and supplement each other, which was proven by using the combination of Eurobonds and syndicated credits by leading borrowers. The article comes to the conclusion that combined use of these debt instruments for solving a wide range of finance problems is optimal for corporate capital structure and finance institutions.
format	article
author	A. A. Tarasov
author_facet	A. A. Tarasov
author_sort	A. A. Tarasov
title	Eurobond Flotation by Russian Corporations and Finance Institutions
title_short	Eurobond Flotation by Russian Corporations and Finance Institutions
title_full	Eurobond Flotation by Russian Corporations and Finance Institutions
title_fullStr	Eurobond Flotation by Russian Corporations and Finance Institutions
title_full_unstemmed	Eurobond Flotation by Russian Corporations and Finance Institutions
title_sort	eurobond flotation by russian corporations and finance institutions
publisher	Plekhanov Russian University of Economics
publishDate	2020
url	https://doaj.org/article/03f01d6200cb4065a52993841e90572e
work_keys_str_mv	AT aatarasov eurobondflotationbyrussiancorporationsandfinanceinstitutions
_version_	1718428595982958592

Eurobond Flotation by Russian Corporations and Finance Institutions

Ejemplares similares