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Estabilished in 2009 Catalyst's bond market has become an important element of the Polish capital market and an alternative to existing forms of financing. Centralized the rotation of the debt instruments, popularized it among companies and allowed to exist in the minds of investors, which contributed to its dynamic development. At the same time, it contributes to its dynamic development. Catalyst's suitable architecture creates opportunities for companies to gain the capital in various stages of development and varying size and characteristics. At the same time, allows the promotion of the issuer and reach to wider range of the funders. Catalyst's market is still in its the initial stage of development, but there are reasons to believe that in the near future it will continue to grow at a rate of ten percent per year, therby atrtracting new issuers and investors.
EN
The article presents the problem of diversification of capital raised through the public issue of bonds. It includes short analysis of legal conditions of this type of processes. Author used method of secondary data analysis, which examined all public issues of bonds from early 2015 to the end of third quarter of 2016. The aim of this article is to examine role of public issue of bonds for individual investors in financing companies. Study shows that we can expect an increase in popularity of this form of financing in polish enterprises.
PL
Artykuł przedstawia problem dywersyfikacji kapitału przedsiębiorstw w wyniku publicznej emisji obligacji. Zawarto w nim krótką analizę uwarunkowań prawnych dotyczących prowadzenia tego typu procesów. W artykule zastosowano metodę analizy danych wtórnych, według której przebadano wszystkie publiczne emisje obligacji od początku roku 2015 do końca III kwartału 2016 r. Celem artykułu jest zbadanie roli, jaką mogą pełnić publiczne emisje obligacji skierowane do inwestorów indywidualnych w finansowaniu przedsiębiorstw. Z przeprowadzonego badania wynika, że można spodziewać się wzrostu udziału tej formy finansowania w polskich przedsiębiorstwach.
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