Ukraine's National Commission on Securities and Stock Market held an online meeting with the leadership of the Lviv City Council to discuss the potential issuance of municipal bonds to attract investment for local development, with Lviv signalling readiness to serve as a pilot municipality. Discussions covered potential uses of proceeds including energy resilience, security, and critical infrastructure projects. Preliminary estimates put the funding need for initial projects at several hundred million Ukrainian hryvnia, rising to around UAH 1 billion. The next step is for the Lviv City Council to prepare detailed project proposals that could be financed through a municipal bond issue, after which work will continue with banks and state institutions to determine the parameters of a potential issuance.

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