A managerial approach regarding the romanian municipal bonds market in regional context
Part of : WSEAS transactions on business and economics ; Vol.6, No.5, 2009, pages 199-208
Issue:
Pages:
199-208
Abstract:
The universe of bonds is huge because the innovative process is very intense. For this reason, theissuers have multiple choices in order to finance their activity and the investors have many possibilities to buydifferent types of bonds. In Romania, the offer of bonds is limited, the public securities being the mostimportant type of bonds listed on exchange. The municipal bonds are new instruments used by many Romanianlocal authorities in order to finance their development’s activity. These securities are important not only forissuers, but also for local and foreign investors. Many of these securities are traded on the official Romanianstock market - the Bucharest Stock Exchange. For many years, the municipal bonds were the only securitiestraded on the bonds market of the Bucharest Stock Exchange. In time, even if the dimensions of this markethave grown, the share has decreased because new bonds are listed on official stock exchange: corporate bondsand treasury bonds.
Subject:
Subject (LC):
Keywords:
bond, securities, municipalities, loan, interest rate, capital market, maturity
Notes:
Περιέχει γραφήματα, πίνακες και βιβλιογραφία
