By KYIV. May 4 (Interfax-Ukraine) – PrJSC Ukrainian Financial Housing Company (Ukrfinzhytlo) has approved raising up to UAH 6 billion through the sale of domestic government bonds with an obligation to repurchase them under REPO agreements.
According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission, the corresponding decision was made by the sole shareholder of Ukrfinzhytlo in accordance with order of the Ministry of Economy No. 2492 dated April 25, 2023. The issuer received the decision of the shareholder on May 2.
According to the agreed terms of the sale, the total amount of funds raised for all REPO transactions is up to UAH 6 billion with a rate of up to 20% per annum and a maximum term of up to one year. The transaction amount is 11.61% of the charter capital of the company.
The decision of the shareholder also provided preliminary consent to raise a total of up to UAH 15 billion through the sale of government bonds with an obligation to repurchase.
Ukrfinzhytlo is the coordinator of the state program of affordable mortgage lending for citizens eOselia. Some 100% of the shares belong to the state.
As reported, the government allowed the state company Ukrfinzhytlo to raise funds on the open financial market.
