Corporate bonds as a source of financing the Russian fishing fleet renovation
https://doi.org/10.46845/2073-3364-2024-0-3-26-38
Abstract
Corporate bonds allows to attract funds for еру investment project, refinance the company's existing obligations, and increase the size of the business. With the development of the stock market, the use of bond loans increases, and new modifications appear that meet the requirements of both issuers and investors. The article analyzes the advantages of financing a project through a bond loan; identifies the limitations of its use; presents the classification features of corporate bonds that form optimal conditions for raising funds; and formulates current trends in the development of the bond market. The work contains current statistics on the circulation of corporate bonds in the Russian Federation, as well as the specifics of financing the modernization and development of the fishing fleet by attracting bond loans.
About the Authors
A. G. Mnatsakanyan
INOTECU FGBOU VO "KSTU"
Russian Federation
Russian Federation
Albert G. Mnatsakanyan, Candidate of Economic Sciences, Associate Professor, Director of the Institute
Kaliningrad
A. V. Tomkovich
INOTECU FGBOU VO "KSTU"
Russian Federation
Russian Federation
Alexandra V. Tomkovich, Candidate of Economic Sciences, Associate Professor
Kaliningrad
References
1. Investments in Russia. 2023: Stat. collection / Rosstat. Moscow, 2023. 229 p. (In Russ.).
2. Karlova N., Puzyanova E. Investment activity in industry in 2023: results of a survey of enterprises. Analytical note. Moscow: Central Bank of the Russian Federation, 2024. 24 p. (In Russ.).
3. Federal Law of 22. 04. 1996 No. 39-FZ "On the securities market". (In Russ.).
4. Fabozzi F. J., Wilson R. S. Corporate bonds: structure and analysis. Moscow: Alpina Publisher. 2020. 444 p.
5. Balyuk I. A. Corporate bond market: international experience and Russian practice // Finance: theory and practice. 2019; 23 (2):74-83. (In Russ.).
6. Ermak A., Sulima M. Bond market: significant price reduction by the end of the year against the backdrop of the extremely “tight” monetary policy of the Bank of Russia. Region. 2024. 42 p. Available at: https://region.ru/upload/iblock/b05/Rynok_obligatsii_2023.pdf (In Russ.).
7. Strategy for the development of the shipbuilding industry until 2035. Approved by the order of the Government of the Russian Federation dated 10/28/2019 No. 2553-r.
8. The new face of shipbuilding: a decentralization trend? // Flotprom. 03/01/2023 Available at: https://flotprom.ru/2023/%D0%94%D0%B8%D0%B2%D0%B5%D1%80%D1%81%D0%B8%D1%84%D0%B8%D0%BA%D0%B0%D1%86%D0%B8%D1%8F1/ (In Russ.).
9. Mnatsakanyan A. G., Kuzin V. I., Kharin A. G. On some modern trends in the development of the Russian fisheries industry. Part 2. The problem of modernization of production potential // Baltic Economic Journal. 2018;2(22):28-38. (In Russ.).
10. Rosmorport repaid the second stage of debt amortization on the debut issue of bonds for 1 billion rubles. // Media deck. 02. 11. 2023 Available at: https://paluba.media/news/60432 (In Russ.).
11. GTLK to place five bond issues to raise funds for ship construction // Morskie Vesti Rossii. 02. 02. 2024 Available at: https://morvesti.ru/news/1679/107365/ (In Russ.).
12. Mnatsakanyan A. G., Mnatsakanyan R. A., Tomkovich A. V. Bond financing of sustainable fisheries // Bulletin of the Kerch State Marine Technological University. 2023;3:172-184. (In Russ.).
13. Mnatsakanyan A. G., Tomkovich A. V., Kharin A. G. Modeling the investment policy of a fishing company using the example of Russian fishing in the Baltic Sea // Proceedings of VNIRO. 2023:191:166-174. (In Russ.).
Review
For citations:
Mnatsakanyan A.G., Tomkovich A.V. Corporate bonds as a source of financing the Russian fishing fleet renovation. Baltic Economic Journal. 2024;(3(47)):26-38. (In Russ.) https://doi.org/10.46845/2073-3364-2024-0-3-26-38
Views:
42
Email this article 