Capitalization of Ukrfinzhytlo JSC
The Government of Ukraine has made a decision to capitalize Ukrfinzhytlo JSC by 30 billion UAH through the issuance of domestic government bonds (OVDP). This decision was taken by the Cabinet of Ministers of Ukraine on December 12, 2024.
Bond Issuance and Their Characteristics
As part of this step, the Ministry of Finance of Ukraine issued bonds for the specified amount, distributing them by maturity terms and interest rates. In particular:
- 7 billion UAH has a maturity of 4 years with an interest rate of 14.1% per annum.
- 10 billion UAH has a maturity of 5 years with an interest rate of 12.9% per annum.
- The remaining 13 billion UAH will have a maturity of 7 years with an interest rate of 11.0% per annum.
This funding will particularly contribute to the implementation of the 'eOselya' program, under which over 22,000 Ukrainian families received loans totaling over 38 billion UAH. The 'eOselya' program has formed over 95% of the new mortgage market in Ukraine, highlighting its importance in ensuring affordable housing for the population.
The capitalization of Ukrfinzhytlo and support for the 'eOselya' program are vital steps for strengthening the mortgage market in Ukraine, especially in conditions of economic instability. Ensuring housing affordability for the population remains a priority for the government, underscoring the significance of state support in the financial sector for the socio-economic development of the country.