CEU Electronic Theses and Dissertations, 2021
| Author | Kuzmenko, Svitlana |
|---|---|
| Title | Private Placement: Comparative Analysis of Legal Requirements in the US and the EU |
| Summary | In my capstone project, I am disclosing the topic of raising debt financing by issuing debt securities (bonds) and the legal requirements for placement bonds under EU and US law in a comparative perspective. In my opinion, this topic is quite relevant, as more and more companies are borrowing capital from investors by issuing bonds rather than through bank loans, so all of them have to choose one of the placement offerings in the end. Depending on the type of placement, the regulation of debt securities is highly dependent and is interesting and important to understand. When there is a public offering, companies have much more documentation requirements in general and prospectuses in particular. In most cases, private placements are not listed and occur over-the-counter. It is also important to disclose the necessary documentation and its requirements for the issue placement to occur. The main document that discloses information about the issue and makes it transparent to investors is the prospectus. But it is not always needed, especially if companies decide to place bonds using private offerings. In general, I would like to devote most of my work to the advantages of issuing bonds and offering them via private placement and the specifics of its regulation as part of the company’s debt securities issues covered mainly by the EU Prospectus Regulation and US Securities Act 1933. The value of this paper lies primarily in its practical orientation and the recommendations that will be made to companies after analyzing the abovementioned themes. |
| Supervisor | Petsche Markus |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2021/kuzmenko_svitlana.pdf |
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