PUBLIC PRIMARY OFFERTS OF CORPORATE BONDS IN PERU

Authors

  • Vladimir Rodríguez Cairo Universidad Nacional Mayor de San Marcos, Facultad de Ciencias Contables. Lima, Peru

DOI:

https://doi.org/10.15381/quipu.v17i33.4554

Keywords:

Ofertas públicas primarias, mercado de valores, bonos corporativos, sistema financiero.

Abstract

The stock market is very attractive for international and national investors, as this channel is characterized by flows of funds from surplus agents (vendors of loanable funds) to the agent responsible (applicants for loanable funds), as a result a higher level of investment, while generating economic growth and thus the benefit of all participants. Companies operate in a financial environment in which requirements as required solvency capital, profitability and trajectory, making it difficult to meet them. These days, business financing is limited mainly to the banking system. However, it requires different funding alternative to traditional. A fundamental choice is the issuance of bonds in the primary market for securities. Get financing through this market is more efficient for companies to resort to a bank loan, the lower financial cost which means the bond issue. The article analyses the technical and legal aspects of the Primary Public Offerings of Corporate Bonds in Peru and its implication on access to corporate financing primary market values.

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Author Biography

  • Vladimir Rodríguez Cairo, Universidad Nacional Mayor de San Marcos, Facultad de Ciencias Contables. Lima, Peru

    Magíster en Ciencias Económicas.

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Published

2010-06-14

Issue

Section

Original papers

How to Cite

Rodríguez Cairo, V. (2010). PUBLIC PRIMARY OFFERTS OF CORPORATE BONDS IN PERU. Quipukamayoc, 17(33), 71-95. https://doi.org/10.15381/quipu.v17i33.4554