TITLE
HYBRID SOURCES OF FINANCE OF CORPORATION
AUTHOR(S)
Milos Ivanis
ABSTRACT
Hybrid capital represents the capital obtained through the issuance of hybrid securities, i.e. securities which have the characteristics of both debt and equity securities. These are relatively new forms of securities which originated in countries with a developed capital market due to the lack of possibilities for financing through classical debt and equity securities. Hybrid capital, i.e. hybrid sources of finance mostly consist of: (a) capital from the issue of preference shares, and (b) capital from the issue of hybrid bonds. The aim of this paper is to present both types of securities as well as the possibilities and limitations of their application in the finances of a modern corporation.
DOI
PAGES
227-233
DOWNLOAD
https://unitechsp.tugab.bg/images/2023/6-SHP/s13_p5_v1.pdf
How to cite this article:
Milos Ivanis, HYBRID SOURCES OF FINANCE OF CORPORATION, Proceedings of International Scientific Conference “UNITECH 2023” – Gabrovo, 227-233