Authors: O.Yu. Kuzmina, E.V. Slesarenko

Title of the article: The Russian structured bonds market and its functioning features

Year: 2025, Issue: 1, Pages: 15-22

Branch of knowledge: 5.2.1 Economics

Index UDK: 336.76

DOI: 10.26730/2587-5574-2025-1-15-22

Abstract: In the context of rapidly changing financial market conditions under the influence of exogenous factors, investors are faced with the task of finding new financial instruments that would allow them to satisfy their requests for the formation of a flexible risk and profitability management system. Among such instruments, structured bonds deserve special attention, allowing them to receive the highest possible income in the event of certain events affecting the pricing of the asset underlying the structured product. The purpose of the study is to identify the key features inherent in the Russian structured bonds market, which will make it possible to assess its development potential. The comparative and statistical analysis conducted in the article allowed us to see the factors that hinder the development of the Russian structured bond market, among which a special place is occupied by such institutional and economic blocks as a low level of information transparency of the environment for issuing and trading structured products, a high level of costs for paying for intermediaries' services, as well as high entry barriers to this market. The development of the Russian structured bond market is progressive, but could have significantly higher growth rates if the limitations identified in the study were overcome through competent actions on the part of both government regulatory bodies and the business community.

Key words: bond structured bond banks profitability risk monetary policy investment decisions

Receiving date: 20.01.2025

Approval date: 21.02.2025

Publication date: 07.05.2025

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