Krasnodar, 20 October – Yug Times. Krasnodar region plans to get the business circles to participate in the market of emission debt securities.
Last week, Krasnodar played host to a two-day conference dedicated to most important development issues of this sector of the securities market. The event was organized by the Bank of Russia together with the Secretariat of the President’s Plenipotentiary in the Southern Federal District and Administration of the Krasnodar region, and attended by businesspeople and governmental officials from 22 Russian regions.
“The state understands that securities are able to give an additional acceleration to the economy,” noted Vladimir Gurba, Deputy President’s Plenipotentiary in the Southern Federal District. “This is why the Government has taken a number of important decisions and developed the state program for development of this sector.”
The participants of the conference stated that one of the aims of the securities market is to give the companies a new tool to attract money to their business. Experts assert that this mechanism is more efficient and reliable than bank loans.
Presently, only big companies are using this attractive financial tool. For the past ten years, 129 issues of corporate bonds to the total amount of 126.9 billion rubles have been registered.
Nine companies have been issuers of the bonds — Magnit (Tander), Novorossiysk Seaport, Verkhnebakansky Cement Mill, Abrau Durso Sparkling Winery, Development Yug construction company, and KraiInvestBank.
According to Vice Governor Igor Galas, the region should attract potential investors with the help of securities.