... comparison, in major economies, every third IPO company eventually conducts at least one follow-on offering to support growth. In Russia, such data is less accessible, but there is a trend towards an increase in SPO transactions, especially among large issuers. Stages of SPO and Conducting Mechanism Organizing a secondary offering of shares involves several key stages. Their sequence and scale can vary, but the general mechanism typically follows this outline: Decision-making. The initiators of the ...

... the high risk of borrower bankruptcy, setting strict and unfavorable credit terms. Seeking more flexible financing options, we decided to enter the bond market. Why Bonds Are Attractive A bond is a financial security confirming that a company (the issuer) has borrowed money from an investor and promises to return it with interest by a specific date. Fixed Term: Bonds are issued for a set period during which the issuer pays the bondholder periodic interest (coupon payments). At the end of the ...

... quantity desired by the investor. Based on the submitted bids, the total demand is calculated, and if it exceeds the planned volume, bids with the lowest prices are eliminated. In the case of a limited number of bids or a low proposed purchase price, the issuer may only fulfill part of the requests, selling any remaining bonds on the secondary market or announcing a failed issuance. On the secondary market, bonds change hands multiple times. The subject of acquisition is the right to claim from the issuer ...

... “default.” OFZ are well-suited as the "anchor" for the conservative part of a portfolio, especially over a 1–3 year horizon. Corporate Bonds Yield. Corporate bonds can provide significantly higher coupons (up to 20–30% per annum from some issuers). For example, even reliable companies currently offer coupons of 22–25%, and experts expect reductions to 22–23% in 2025 (if the key rate remains stable). There are also riskier issues with coupons ranging from 30–36% for seasoned investors....

Why is IPO becoming a trend in Russia? In 2024, the IPO market in Russia has shown record results - 15 new issuers and over 100 billion rubles in raised capital. Find out why companies are increasingly choosing to list on the stock exchange, which sectors have become leaders, and what investors and traders can expect in 2025. Full overview, analytics, and ...