The Ukraine National Commission on Securities and Stock Market (NSSMC) reported that an agrarian note has been issued on a pilot basis for the first time in the Register of Agrarian Notes with deposit in the Central Depository, marking the instrument’s initial operational use in Ukraine’s capital markets. The first agrarian note was issued by AGROFIRMA-OBRIY LLC (Khmelnytskyi region) and acquired by AP IMPORT LLC (Agroprosperis Group) as creditor, with the creditor’s securities account serviced by Raiffeisen Bank JSC as the depository institution. The process was supported by PJSC National Depository of Ukraine, which maintains the Register of Agrarian Notes, and by the International Finance Corporation expert team under a Swiss Confederation-partnered project to expand agricultural sector access to capital markets. The NSSMC framed agrarian notes as non-issuance securities held in electronic form through the depository system and recorded in the register, enabling agricultural producers to raise financing secured by future agricultural products, with transactions possible both on organised and non-organised capital markets; the pilot also highlighted remaining elements to be finalised for full functionality.
Ukraine National Commission on Securities and Stock Market 2025-03-11
Ukraine National Commission on Securities and Stock Market announces first pilot agrarian note issuance deposited in the Central Depository
The Ukraine National Commission on Securities and Stock Market announced the issuance of the first agrarian note in the Register of Agrarian Notes, marking its initial use in Ukraine's capital markets. Issued by AGROFIRMA-OBRIY LLC and acquired by AP IMPORT LLC, the note is supported by the National Depository of Ukraine and the International Finance Corporation. Agrarian notes are electronic non-issuance securities, enabling agricultural producers to secure financing with future products, though some elements require finalization for full functionality.