ISSUING BONDS TO THE PUBLIC AS A NEW INSTRUMENT FOR FINANCING THE ECONOMIC DEVELOPMENT OF THE RUSSIAN ARCTIC
The purpose of this study is to investigate the feasibility of issuing Arctic bonds as a means to attract public savings for implementing investment projects aimed at developing the Russian Arctic. The article examines methodological approaches to issuing bonds to the public and analyzes Russian and...
Published in: | Север и рынок: формирование экономического порядка |
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The Russian Academy of Sciences, Federal Research Centre Kola Science Centre
2023
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Online Access: | https://doi.org/10.37614/2220-802X.1.2023.79.010 https://doaj.org/article/cac0ef3025d145428c85f832b3239c46 |
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ftdoajarticles:oai:doaj.org/article:cac0ef3025d145428c85f832b3239c46 2023-05-15T14:33:32+02:00 ISSUING BONDS TO THE PUBLIC AS A NEW INSTRUMENT FOR FINANCING THE ECONOMIC DEVELOPMENT OF THE RUSSIAN ARCTIC Roman V. Badylevich 2023-03-01T00:00:00Z https://doi.org/10.37614/2220-802X.1.2023.79.010 https://doaj.org/article/cac0ef3025d145428c85f832b3239c46 EN RU eng rus The Russian Academy of Sciences, Federal Research Centre Kola Science Centre https://doaj.org/toc/2220-802X doi:10.37614/2220-802X.1.2023.79.010 2220-802X https://doaj.org/article/cac0ef3025d145428c85f832b3239c46 Север и рынок: формирование экономического порядка, Vol 26, Iss 1, Pp 150-162 (2023) bonds for the public securities market financial instruments territorial development russian arctic Social Sciences H article 2023 ftdoajarticles https://doi.org/10.37614/2220-802X.1.2023.79.010 2023-03-26T01:29:14Z The purpose of this study is to investigate the feasibility of issuing Arctic bonds as a means to attract public savings for implementing investment projects aimed at developing the Russian Arctic. The article examines methodological approaches to issuing bonds to the public and analyzes Russian and foreign practices in this area. The study established that if the parameters and conditions for issuing bond loans to the public are chosen rationally and the details of bond placement are effectively communicated to potential investors, the use of this tool can not only increase the public’s interest in the securities market but also engage free household savings in economic processes. The study also analyzed the possibilities and prerequisites for the effective placement of Arctic bonds. It was found that in the near future, financial resources allocated by the government for the development of the Russian Arctic will be limited. At the same time, the population of the Arctic is characterized by a high level of savings, which makes it possible to issue bond loans to the public. The author has identified the key parameters for issuing Arctic bonds. It is advisable to issue them as book-entry coupon bonds with a maturity of five years and to use the Finuslugi online platform for placement. When fixing the coupon rate, it is recommended to use a dynamic approach with a focus on the average profitability of long-term bank deposits. The purpose of raising funds with the help of Arctic bonds is to co-finance projects included in the national program titled "Socio-economic development of the Arctic zone of the Russian Federation." Article in Journal/Newspaper Arctic Directory of Open Access Journals: DOAJ Articles Arctic Север и рынок: формирование экономического порядка 26 1/2023 150 162 |
institution |
Open Polar |
collection |
Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
English Russian |
topic |
bonds for the public securities market financial instruments territorial development russian arctic Social Sciences H |
spellingShingle |
bonds for the public securities market financial instruments territorial development russian arctic Social Sciences H Roman V. Badylevich ISSUING BONDS TO THE PUBLIC AS A NEW INSTRUMENT FOR FINANCING THE ECONOMIC DEVELOPMENT OF THE RUSSIAN ARCTIC |
topic_facet |
bonds for the public securities market financial instruments territorial development russian arctic Social Sciences H |
description |
The purpose of this study is to investigate the feasibility of issuing Arctic bonds as a means to attract public savings for implementing investment projects aimed at developing the Russian Arctic. The article examines methodological approaches to issuing bonds to the public and analyzes Russian and foreign practices in this area. The study established that if the parameters and conditions for issuing bond loans to the public are chosen rationally and the details of bond placement are effectively communicated to potential investors, the use of this tool can not only increase the public’s interest in the securities market but also engage free household savings in economic processes. The study also analyzed the possibilities and prerequisites for the effective placement of Arctic bonds. It was found that in the near future, financial resources allocated by the government for the development of the Russian Arctic will be limited. At the same time, the population of the Arctic is characterized by a high level of savings, which makes it possible to issue bond loans to the public. The author has identified the key parameters for issuing Arctic bonds. It is advisable to issue them as book-entry coupon bonds with a maturity of five years and to use the Finuslugi online platform for placement. When fixing the coupon rate, it is recommended to use a dynamic approach with a focus on the average profitability of long-term bank deposits. The purpose of raising funds with the help of Arctic bonds is to co-finance projects included in the national program titled "Socio-economic development of the Arctic zone of the Russian Federation." |
format |
Article in Journal/Newspaper |
author |
Roman V. Badylevich |
author_facet |
Roman V. Badylevich |
author_sort |
Roman V. Badylevich |
title |
ISSUING BONDS TO THE PUBLIC AS A NEW INSTRUMENT FOR FINANCING THE ECONOMIC DEVELOPMENT OF THE RUSSIAN ARCTIC |
title_short |
ISSUING BONDS TO THE PUBLIC AS A NEW INSTRUMENT FOR FINANCING THE ECONOMIC DEVELOPMENT OF THE RUSSIAN ARCTIC |
title_full |
ISSUING BONDS TO THE PUBLIC AS A NEW INSTRUMENT FOR FINANCING THE ECONOMIC DEVELOPMENT OF THE RUSSIAN ARCTIC |
title_fullStr |
ISSUING BONDS TO THE PUBLIC AS A NEW INSTRUMENT FOR FINANCING THE ECONOMIC DEVELOPMENT OF THE RUSSIAN ARCTIC |
title_full_unstemmed |
ISSUING BONDS TO THE PUBLIC AS A NEW INSTRUMENT FOR FINANCING THE ECONOMIC DEVELOPMENT OF THE RUSSIAN ARCTIC |
title_sort |
issuing bonds to the public as a new instrument for financing the economic development of the russian arctic |
publisher |
The Russian Academy of Sciences, Federal Research Centre Kola Science Centre |
publishDate |
2023 |
url |
https://doi.org/10.37614/2220-802X.1.2023.79.010 https://doaj.org/article/cac0ef3025d145428c85f832b3239c46 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic |
genre_facet |
Arctic |
op_source |
Север и рынок: формирование экономического порядка, Vol 26, Iss 1, Pp 150-162 (2023) |
op_relation |
https://doaj.org/toc/2220-802X doi:10.37614/2220-802X.1.2023.79.010 2220-802X https://doaj.org/article/cac0ef3025d145428c85f832b3239c46 |
op_doi |
https://doi.org/10.37614/2220-802X.1.2023.79.010 |
container_title |
Север и рынок: формирование экономического порядка |
container_volume |
26 |
container_issue |
1/2023 |
container_start_page |
150 |
op_container_end_page |
162 |
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