The National Securities and Stock Market Commission of Ukraine published an opinion column by Chairman Oleksiy Semeniuk explaining how the introduction of covered bonds could support the development of Ukraine’s capital market and expand investment options. In the column, he also referred to a draft law prepared jointly with the National Bank of Ukraine that would introduce modern rules for securitization and covered bonds in line with European standards. The column describes covered bonds as a long-established source of long-term funding that combines the issuing bank’s liability with additional backing from a separate pool of assets, giving investors an added layer of protection. Semeniuk said the instrument could provide banks with additional long-term funding for lending, give institutional investors a new investment product, offer citizens another investment option, and broaden private capital sources for Ukraine’s economy. He also linked the initiative to the alignment of Ukrainian legislation with European Union rules and to the development of financial infrastructure needed for postwar economic recovery.
Ukraine National Commission on Securities and Stock Market2026-07-23
National Securities and Stock Market Commission of Ukraine explains covered bonds and highlights joint draft law with the National Bank of Ukraine
The National Securities and Stock Market Commission of Ukraine used an opinion column by its chairman to explain the case for introducing covered bonds in Ukraine. The piece also points to a joint draft law with the National Bank of Ukraine to establish EU-aligned rules for securitization and covered bonds. Covered bonds were presented as a source of long-term funding with added investor protection through backing by a separate asset pool.