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The Financing Of The Firm By Bonds And Its Cost


  • Assoc. Prof. Ph.D Dorel Berceanu
  • Assoc. Prof. Ph.D Costel Ionascu

    (Faculty of Economics and Business Administration University of Craiova, Romania)


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. A large space is occupied by the parameters of the issue of bonds. Though the cost of debt capital may seem at first glance simple, even trivial to determinate, there are conceptual problems in the calculation. In our work we are concerned with finding the cost of bonds credit.

Suggested Citation

  • Assoc. Prof. Ph.D Dorel Berceanu & Assoc. Prof. Ph.D Costel Ionascu, 2009. "The Financing Of The Firm By Bonds And Its Cost," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(12), pages 164-169, April.
  • Handle: RePEc:aio:rteyej:v:1:y:2009:i:12:p:164-169

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    bonds; credit; cost; firm; capital market;

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill


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