Финансирование инвестиций путем эмиссии облигационных займов

Abstract

Companies finance most of their activities by way of internally generated cash flows. If they need more money they can either sell shares or borrow, usually by issuing bonds. More and more companies now issue their own bonds rather than borrow from banks, because this is often cheaper. We analyzed the main problems of debt financing in Belarus and proposed the real steps will be made to solve these problems.