Ukraine National Commission on Securities and Stock Market agrees with Kernel to pursue a pilot corporate bond issue to test capital markets infrastructure

The Ukraine National Commission on Securities and Stock Market reported that its Chair, Oleksii Semeniuk, met with representatives of Kernel to discuss a potential pilot issuance of corporate bonds in Ukraine. The parties agreed to use a single live transaction to test how the capital markets infrastructure functions in practice and identify where changes may be needed. The discussion also covered the regulatory environment, with the Commission nearing completion of a regulation on OIR that is intended to simplify procedures for entering the market. The update noted rising investor demand for instruments, citing an increase in investments in domestic government bonds (OVDP) of more than UAH 12bn, and linked this to the case for expanding channels to mobilise domestic funding through corporate bonds.