Effective instruments for cities and communities: The NSSMC registered bonds issues of the Kyiv City Council for 800 million UAH

At the regular meeting, the NSSMC (National Securities and Stock Market Commission) registered issues of bonds Series N and O of the Kyiv City Council in the amount of 800 million UAH.

The Kyiv City Council bonds will be placed on the PFTS stock exchange from December 6 to December 08, 2021. Each Series contains 40 thousand bonds with a total face amount of 10 thousand UAH. Accordingly, each series is registered for 400 million UAH.

The repayment of bonds Series N will be carried out from September 1 to 3, 2025, and the bonds Series O – from August 31 to September 2, 2026.

“The municipal bonds are an effective financial instrument that helps cities implement many projects, first of all, primarily infrastructure projects. We are glad that today the major cities of Ukraine a use this opportunity and are waiting for the registration of all others who are ready for this process and strive to develop their territories,” said Maksym Libanov, the Commissioner of the NSSMC.

According to the issuer, the Kiev City Council from bond offering in 2021 plans to raise funds for defrayment aimed at creating or updating the long-term strategic objectives.

We remind that at the beginning of November this year, the NSSMC registered the bonds issue Series M of Kyiv City Council for 300 million UAH. The total amount of planned loan proceeds through the issue of domestic bonds is 1.1 billion UAH.