THE BOND MARKET IN MOLDOVA. DEVELOPMENT TRENDS

Andrei MULIC Universitatea de Stat din Moldova

Abstract

Bond is a security certifying its holder as a creditor to the issuer, the issuer is forcing bondholder them pay a fixed annual fee, called coupon bond throughout the period of validity. Bond is a document issued by a company that needs financing, on which it obtains a loan. The company issuing the bond is called debtor and the creditor who has called (it provides a loan). The bonds are financial assets with fixed interest. The bond market consists mostly of bonds with a fixed interest rate. Keywords: bond, financial, bond market, nominal value, cash flow, fixed interest rate, bond value.