title: ÐÑÐ¿ÑÑÐº ÐºÐ¾ÑÐ¿Ð¾ÑÐ°ÑÐ¸Ð²Ð½ÑÑ Ð¾Ð±Ð»Ð¸Ð³Ð°ÑÐ¸Ð¹ ÐºÐ°Ðº ÑÐ¿Ð¾ÑÐ¾Ð± Ð¿ÑÐ¸Ð²Ð»ÐµÑÐµÐ½Ð¸Ñ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð° ÑÑÐ±ÑÐµÐºÑÐ°Ð¼Ð¸ ÐÐ¡Ð
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð±Ð°ÐºÐ°Ð»Ð°Ð²ÑÐ°
titleType: Subtitle
title: Emission of corporate bonds by SME subjects as a method of attracting capital
Creators: name: ÐÐ¾Ð»ÐµÑÐ½Ð¸ÐºÐ¾Ð²Ð°, ÐÐ»ÐµÐ½Ð°
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2022
Subjects: Ð·Ð°ÐµÐ¼Ð½ÑÐ¹ ÐºÐ°Ð¿Ð¸ÑÐ°Ð»
Ð³Ð¾ÑÑÐ´Ð°ÑÑÑÐ²ÐµÐ½Ð½Ð°Ñ Ð¿Ð¾Ð´Ð´ÐµÑÐ¶ÐºÐ° ÐÐ¡Ð
ÐºÐ¾ÑÐ¿Ð¾ÑÐ°ÑÐ¸Ð²Ð½ÑÐµ Ð¾Ð±Ð»Ð¸Ð³Ð°ÑÐ¸Ð¸
Ð±Ð°Ð½ÐºÐ¾Ð²ÑÐºÐ¾Ðµ ÐºÑÐµÐ´Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ðµ
ÑÑÑÐµÐºÑÐ¸Ð²Ð½Ð¾ÑÑÑ Ð²ÑÐ¿ÑÑÐºÐ° ÐºÐ¾ÑÐ¿Ð¾ÑÐ°ÑÐ¸Ð²Ð½ÑÑ Ð¾Ð±Ð»Ð¸Ð³Ð°ÑÐ¸Ð¹
borrowed capital
gouverment sme support
corporate bonds
bank lending
efficiency of corporate bond issue

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description: The purpose of the paper is to consider the expediency and efficiency of attracting borrowed capital by issuing corporate bonds. The object of the research is non-public joint stock company CJSC LEASING COMPANY "Rodelen"; the subject of the research is the issue of corporate bonds as a method of raising capital for LK "Rodelen". To achieve this goal, theoretical aspects, and various ways of raising borrowed capital were considered, a comparation of a bond loan and credit loan was made, existing government supports programs for SME subjects were found for both ways of raising capital, and the algorithm of the companyâs entry into the stock exchange was considered. The analysis of the competitive position of LC âRodelenâ in the leasing services market was carried out; the analysis of the financial statements of LC "Rodelen" revealed a large share of borrowed funds in the structure of financing companyâs operation. The solvency of the issuer and the need to attract additional borrowing was determined. In the paper the expected market yield of the second LC Rodelen bond issue was calculated, and a comparison of expected and real returns was carried out. The additional costs of organizing the issue of bonds and raising funds through the bank credits are estimated, the real costs of borrowing is calculated. The result of the research is to substantiate the effectiveness of raising borrowed capital by the company through the stock market by issuing corporate bonds,Â as well as suggesting further ways of borrowing funds for the issuer.