Lviv may become a pilot site for municipal bonds — NSSMC held a meeting with its city council

The Chairman of the National Securities and Stock Market Commission, Oleksii Semeniuk, and NSSMC Commissioners Arsen Ilin and Maksym Libanov held an online meeting with top officials of the Lviv City Council regarding the possibility of issuing municipal bonds to attract investment in the community’s development.

This announcement was posted by Oleksii Semeniuk on his Telegram channel.

During the meeting, Lviv expressed its readiness to become a pilot site for launching this instrument and implementing first projects through capital markets.

The sides discussed potential areas of use for the funds raised. In particular, they talked about projects related to energy sustainability, security, and the development of critical infrastructure.

Based on preliminary estimates, the approximate funding needed to launch initial projects could range from several hundred million UAH to around UAH 1 billion.

According to the NSSMC Chairman, the next step will be for the Lviv City Council to prepare detailed proposals for projects that could be financed through the issuance of municipal bonds. After that, the sides will continue working with banks and state agencies to determine the parameters of a possible issuance.