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Govt. preparing to issue govt bonds for $748 mln to develop the mortgage market.

According to Prime Minister Denys Shmyhal: “After the completion of the merger [of the State Mortgage Institution and Ukrfinzhytlo], we are preparing a bond issue worth about UAH 20 billion so that mortgage programs are available to as many Ukrainians as possible.” The parliament is currently considering a bill that proposes the issuance of government domestic loan bonds for UAH 20 billion for the implementation of the Affordable Mortgage presidential program. Its adoption will in the short term provide about 8,000 mortgage loans and purchase 12,000 apartments for subsequent transfer to financial leasing.

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State mortgage institution and Ukrfinzhytlo merged.