What is the difference between simple bonds and stock exchange bonds?
– First of all, this instrument is more readily available, and the procedure for the issues registration has been simplified. When issuing stock exchange bonds, the company requires neither state registration of the issue, nor a report on the results of the issue. The stock exchange undertakes some of the organizational work: it registers the flotation and notifies the Federal Financial Markets Service on the matter. At the same time, I would like to point out the low expenditures (see the table on page 16- editors note). One of the requirements for the issue is for the company to be placed in a quotation list, or, in other words, for the companys shares to be traded on the same stock exchange at the time of the offering. The issuer of stock exchange bonds must be a public joint-stock company that has existed for at least three years. It should also have audited financial statements for the years 2004-2006, as well as a financial statement under IFRS for the same period. And finally, t
