Papel comercial como alternativa ao crédito bancário para o financiamento do sector privado em Moçambique: o caso da empresa Tyre Partner

Abstract

The present work aims to comparatively analyze the costs of obtaining financing through bank credit in relation to the issuance of commercial paper, using the company Tire Partner as a case study. To achieve the objectives, bibliographical research and the application of a semi-structured interview at the Tire Partner company were used as methodology. The results of the study show that financing via commercial paper is 9,070,000.00 (nine million and seventy thousand) Metical’s. In return, bank credit financing accounts for 9,276,210.00 (nine million and seventy thousand quarters of ten) Metical’s. Based on these results, the study concludes that, strictly speaking, financing costs through the issuance of commercial paper are relatively less expensive than bank credit. In this sense, it is recommended that BVM does more publicity about this title, since the most prominent securities are shares, fulfilling obligations to the detriment of commercial paper. It is also recommended that BVM carry out a review of the costs of commercial paper to avoid constraints on companies that intend to issue this title. Keywords: Commercial Paper, Bank Credit, Stock Exchange