Wykupy obligacji korporacyjnych na rynku Catalyst w latach 2013–2014 – na przykładzie obligacji deweloperskich
Corporate bond redemption on the Catalyst market in the years 2013–2014 – the example of the property developers bonds

Summary/Abstract: In this article we describe the Polish market of corporate bonds. We present the way of introduction (authorization) and trade in debt securities issued by companies. The purpose of this study is to show the determinants and processes of redemption of bonds issued by the property developers companies. Special attention is drawn to these companies that have problems with redemption of their bonds on time. Therefore, a subject of this research includes chosen issuers of property developers bonds that did not redeem their bond obligations in the years 2013–2014. An important issue discussed in the article is the answer to the question about an impact of condition of housing market on the promptness of redemption of bonds by developers companies. In this article the descriptive method is used together with the case studies. The research shows that the promptness of the developers bonds redemption on the Catalyst market is getting worse.

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