Väljastajate

Väljastajate is an Estonian term that translates to "issuers" or "underwriters" in English, typically referring to entities that issue financial instruments or securities. This can encompass a broad range of organizations, including corporations, governments, and financial institutions. When a company decides to raise capital through the sale of stocks or bonds, it acts as an issuer. Similarly, a government issuing treasury bills or sovereign bonds is also considered an issuer.

In the context of securities markets, issuers are responsible for the creation and distribution of these financial products. They engage in processes such as initial public offerings (IPOs) for stocks or bond issuances. The issuer determines the terms of the security, such as the par value, interest rate, maturity date, and number of shares. They also play a crucial role in ensuring the accuracy and completeness of the information provided to potential investors, often through prospectuses or offering circulars.

Financial institutions often act as intermediaries, facilitating the issuance process. These institutions may underwrite the securities, meaning they purchase them from the issuer with the intention of reselling them to the public, thereby assuming some of the financial risk. The term "väljastajate" therefore highlights the fundamental role of these entities in bringing new financial assets into the market and facilitating capital formation for various economic activities.