THE FINANCING OF THE FIRM BY BONDS

Through this present paper there are presented a few aspects concerning one of the instruments of medium and long term debt which can be used by companies, and that is the bonds credit. So that, after a short presentation of the framework in which this debt method can be used, there are presented the conditions that have to be fulfilled so that a company could have access on the bonds market. Then there is briefly presented a parallel between the mechanism of forming the capital through the issue of stocks and bonds. A large space is occupied by the parameters of the issue of bonds. Also, there are widely presented the elements included in the prospect of emission. After a short presentation of the conditions which have to be fulfilled in order to have access to a certain category of listing and emphasizing the six emissions of bonds quoted on the Bucharest Stock Exchange, in march 2008, finally, there are presented the advantages and disadvantages of appealing of this method of debt