Privlechenie mezhdunarodnogo dolgovogo finansirovaniya

Mezhdunarodnoe dolgovoe finansirovanie zarodilos' eshche v XVIII veke, v osnovnom, dlya obespecheniya gosudarstv denezhnymi sredstvami dlya vedeniya mnogochislennykh voyn. Mezhdunarodnyy finansovyy rynok v sovremennom ponimanii voznik v 1950-e gg. na osnove internatsionalizatsii mezhdunarodnykh operatsiy natsional'nykh rynkov ssudnykh kapitalov. Samymi dinamichno razvivayushchimisya sektorami mezhdunarodnykh finansov stali mezhdunarodnye kreditnye i fondovye rynki. V chastnosti, v dannoy rabote rassmotreny rynki sinditsirovannogo evrokreditovaniya i evroobligatsiy - dominiruyushchie formy zaimstvovaniya tekh kompaniy, kotorye stremyatsya k diversifikatsii kreditnogo portfelya i sozdaniyu kachestvennoy publichnoy kreditnoy istorii. Krupneyshie rossiyskie kompanii, v tom chisle neftegazovye, privlekayut sinditsirovannye kredity ot mezhdunarodnykh bankov i vypuskayut evroobligatsii cherez SPV-kompanii dlya finansirovaniya sdelok sliyaniya i pogloshcheniya, predeksportnogo finansirovaniya, refinansirovaniya zadolzhennosti i drugikh obshchekorporativnykh tseley. V dannoy rabote mezhdunarodnoe dolgovoe finansirovanie rossiyskikh zaemshchikov bylo rassmotreno na primere dvukh krupneyshikh kompaniy neftegazovogo sektora - Lukoyl i Rosneft'.