The Ukraine National Commission on Securities and Stock Market held a working meeting with investment companies, banks and non-state pension funds on reviving the municipal bond market and introducing personal investment accounts (PIR), according to a statement by Chair Oleksiy Semeniuk. Municipal bonds were framed as a priority area, with a pilot project for bond issuance in one to three large cities under consideration. Participants also discussed demand for instruments as alternatives to government bonds and the potential of a “combat capital” concept in a high-yield environment. Market representatives, including TAS+, Privatbank, Univer, ICU and NPF OTR, confirmed interest and agreed with the Commission to continue joint work on practical implementation.
Ukraine National Commission on Securities and Stock Market 2026-02-26
Ukraine National Commission on Securities and Stock Market considers pilot municipal bond issuance in 1–3 cities and launch of personal investment accounts
The Ukraine National Commission on Securities and Stock Market met with investment firms, banks, and pension funds to discuss reviving the municipal bond market and introducing personal investment accounts. A pilot project for municipal bond issuance in large cities is under consideration, with market participants interested in alternatives to government bonds and the "combat capital" concept. Key stakeholders, including TAS+, Privatbank, and ICU, agreed to collaborate on practical implementation.