NSSMC continues its dialogue with the market: focus on the restoration of municipal bonds and the introduction of PIAs

A working meeting was held between the management of the NSSMC and representatives of investment companies, the banking sector, and non-state pension funds. The key topics were the re-launch of the municipal bond market and the introduction of personal investment accounts (PIAs).

This was reported by Chairman Oleksii Semeniuk on his Telegram channel.

On behalf of the Commission, the event was attended by the Chairman, Oleksii Semeniuk, and NSSMC Commissioners Maksym Libanov, Iraklii Baramiia, Yurii Shapoval, and Arsen Ilin. Representatives of such companies as TAS+, Privatbank, Univer, ICU, and NPF OTR also joined the discussion.

The re-launch of the municipal bond market was identified as one of the priorities. The possibility of launching a pilot project to issue bonds by 1-3 large cities is under consideration.

Participants also assessed demand for instruments alternative to government bonds (OVDPs) and the potential of the “combat capital” concept in a high-yield environment.

Market representatives confirmed their interest in implementing the mechanism and supported the Commission’s initiatives aimed at developing capital markets. The parties agreed to continue working together on the practical implementation of these areas.