Home  Journals  Finance and Credit  16(544) - 2013 April

Determinants of yields of ruble corporate bonds during their placement

Available online: 24 April 2013

Subject Heading: Stock market

JEL Classification: 

This research is devoted to the analysis of the determinants which affect the new-issued corporate bond yields. In the article all ruble corporate bonds issued over the period from January 2006 to December 2011 except for the bonds issued by banks, assurance companies and other financial institutions are presented. On the basis of these observations the authors develop an econometric model which demonstrates how corporate bond yield spreads depend on issuer's characteristics, bond issue parameters and aggregated indicators.

Keywords: econometric model, debt market, bonds, yields, issuance of bonds, coupon rate, factors

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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