Business news from Ukraine


2 December , 2021  

The Cabinet of Ministers of Ukraine, which this week injected government domestic loan bonds for UAH 20 billion into the capital of PrJSC Ukrfinzhytlo, proposes to capitalize it in this way for another UAH 30 billion next year, according to the updated draft state budget for 2022 (No. 6000), which was submitted to the Verkhovna Rada on Wednesday.
According to an explanatory note, additional capitalization will allow “to continue the implementation of financial and credit mechanisms for providing citizens with housing with the participation of the Ukrfinzhytlo company, as well as to provide an opportunity to carry out thermal modernization of buildings and premises and thus insure against further increases in energy prices.”
As reported, on November 29, the Ukrainian government issued government domestic loan bonds for UAH 20 billion to pay for an additional issue of shares of PrJSC Ukrfinzhytlo.
The government made a decision on additional capitalization of the company on September 22 this year. The resolution provided for the issue of government bonds with a maturity of up to 15 years and an interest rate of up to 13% per annum.
Thanks to government bonds, the company should direct funds “for the implementation of programs for providing citizens with housing on the terms of mortgage lending and financial leasing.” According to the Ministry of Finance, this will make it possible to issue about 8,000 mortgage loans for the purchase of about 12,000 apartments on a financial lease basis.