Petrenko I. Debt securities in investment capital formation

In the thesis the theoretical background of the essence of debt securities is deepened and practical recommendations about their effective usage for investment capital formation are substantiated. The economic concept of "investment capital" is researched, the dualism of its nature and the role in social reproduction are revealed. The essential characteristics of debt securities as financial market instruments are specified and their place in the formation of investment capital is defined. The classification of debt securities is generalized and supplemented by the directions of their usage in the investment process. The structure of domestic debt securities market is analyzed, its evolution and trends are determined. The efficiency of bonds usage in the investment capital formation and the process of economic development is estimated. The growth factors of corporative bonds market are identified. The global experience of debt securities usage for attraction of investment resources is investigated with a view to its further implementation in Ukraine. Methodical approaches to determination of bonds credit rating are improved. The proposals concerning development of the debt securities market and the state promotion of investment process are made.