The place and importance of bond market transactions in the Turkish capital market

As a debt instrument that has been used all over the world for years, bonds maintain their place as a very important financial instrument for both governments and companies. The aim of the research is to investigate the importance of bond issuance in the Turkish capital market. In the content of the thesis, the bonds are handled from the point of view of the state and companies as the issuing party, and the perspective of the Turkish capital market on the bonds by examining the investors as the demanding party. The issue of whether companies prefer equity financing or borrowing in financing their investments is investigated and the reasons for this preference are examined, and the bond market transactions are dealt with by comparing them with the share market transactions that are a competitor.