scholarly journals Some trends of the Russian sub-federal bond market development in the presence of the global challenges

2018 ◽  
Author(s):  
Yuliya Semernina ◽  
Alla Yakunina ◽  
Sergey Yakunin
Keyword(s):  
Bond Market ◽  
Market Development ◽  
Global Challenges

Modeling the green bond yield on bond offering

2020 ◽  
Vol 26 (12) ◽  
pp. 2858-2878
Author(s):  
M.I. Emets
Keyword(s):  
Linear Regression ◽  
Yield Curve ◽  
Bond Market ◽  
Third Party ◽  
Bond Pricing ◽  
Market Development ◽  
Fair Price ◽  
Lower Yield ◽  
Yield Curves ◽  
Bond Yield

Subject. The article addresses the green bond pricing as compared to bonds other than green ones. Objectives. The aims are to determine how the fact that a bond is identified as a green one, the issue amount, and the availability of third-party verification, influence the yield to maturity; to make recommendations on effective green bond pricing. Methods. The study employs econometric testing of hypotheses, using the multiple linear regression. The sample includes 318 green and 1695 conventional bonds. Results. Green bonds have a lower yield to maturity in comparison with conventional bonds. The yield to maturity of green bonds with third-party verification is lower, as contrasted with green bonds without verification. Conclusions. The next step in the green bond market development is creating a benchmark yield curve for sovereign green bonds, with parallel issuance of conventional, non-green bonds. The yield curve is crucial for effective bond pricing. Two yield curves, i.e. for green and non-green bonds, will enable investors to estimate the fair price on issuance, as well as to define, if there is a difference in pricing.

scholarly journals Domestic Bond Market Development: The Arirang Bond Experience in Korea

2007 ◽  
Vol 22 (2) ◽  
pp. 165-195 ◽  
Author(s):  
J. A. Batten ◽  
P. G. Szilagyi
Keyword(s):  
Bond Market ◽  
Market Development

Toward Developing Regional Bond Markets in East Asia

2004 ◽  
Vol 3 (2) ◽  
pp. 183-209 ◽  
Author(s):  
Daekeun Park ◽  
Yung Chul Park
Keyword(s):  
East Asia ◽  
Bond Market ◽  
Market Development ◽  
Bond Markets ◽  
Asian Countries ◽  
Financial Cooperation ◽  
Road Map ◽  
Currency Mismatch ◽  
Financial Infrastructure

Creating regional bond markets in East Asia has emerged as an important policy topic in discussions of how to promote regional monetary and financial cooperation to prevent future crises in the region. We evaluate the rationale and the strategies and propose a road map for developing regional bond markets in East Asia. We propose a market-oriented approach to development of the regional bond markets with the role of the official sector limited to such activities as building the regional financial infrastructure. We also suggest that the eventual goal of regional bond market development should be the development of domestic bond markets in the region. If domestic bond markets are fortified by domestic financial infrastructure and are deregulated and opened to foreign borrowers and investors, many of the Asian countries will be able to mitigate maturity and currency mismatch problems.

Bond Market Development, Economic Growth and Other Macroeconomic Determinants: Panel VAR Evidence

2016 ◽  
Vol 23 (2) ◽  
pp. 175-201 ◽  
Author(s):  
Rudra P. Pradhan ◽  
Mak B. Arvin ◽  
Sara E. Bennett ◽  
Mahendhiran Nair ◽  
John H. Hall
Keyword(s):  
Economic Growth ◽  
Bond Market ◽  
Market Development ◽  
Development Economic ◽  
Panel Var ◽  
Macroeconomic Determinants

scholarly journals Bond market development and integration in ASEAN

2005 ◽  
Vol 10 (2) ◽  
pp. 133-142 ◽  
Author(s):  
Michael G. Plummer ◽  
Reid W. Click
Keyword(s):  
Bond Market ◽  
Market Development

scholarly journals Bond Market Development in Developing Asia

2015 ◽  
Author(s):  
John D. Burger ◽  
Francis E. Warnock ◽  
Veronica Cacdac Warnock
Keyword(s):  
Bond Market ◽  
Market Development
Sign in / Sign up

Export Citation Format

Share Document