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The Romanian Bond Market

Author

Listed:
  • CRISTINA CURUTIU

    (Faculty of Business, Babes-Bolyai University, Cluj-Napoca, Romania)

Abstract

The Romanian bonds market is still underdeveloped, as the municipal and corporate bonds are relatively new products on Romanian capital market. Even so their number and value seemed to grow rapidly since they were first issued. On the Romanian market, one can find two types of bonds: municipal bonds and corporate bonds. The present paper is organized in the following way: the first part presents the evolution of the Romanian municipal bonds, from the moment they were first issued (in October 2001) until the present situation. Then, the paper analyzes the second type of bonds – corporate bonds –present at Bucharest Stock Exchange market since May 2003. Along with the bonds evolution, the paper also presents the main factors which can affect their development as financing instruments and as investment opportunities.

Suggested Citation

  • Cristina Curutiu, 2006. "The Romanian Bond Market," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
  • Handle: RePEc:bbn:journl:2006_1_9_curutiu
    as

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    File URL: http://tbs.ubbcluj.ro/RePEc/bbn/journl/2006_1_9_Curutiu.pdf
    File Function: Revised version, 2006
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    More about this item

    Keywords

    municipal bonds; corporate bonds; yield coupon;
    All these keywords.

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other

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