Laws to Allow a ‘Green Bond’ Market Predicted to Be Before the Rada This Fall, Allowing Ukraine to Launch ‘Green Bonds’ by 2020

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source: https://open4business.com.ua/state-agency-for-energy-efficiency-seeks-to-launch-green-bonds-in-ukraine/

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Published on September 1, 2018

The State Agency for Energy Efficiency and Energy Saving of Ukraine seeks to launch the “green” bonds market in Ukraine in two years to attract financing to energy efficiency projects, Agency Head Serhiy Savchuk has said.
“Today, the market of green bonds is developing rapidly in the world. Ukraine lacks the legislation. There is “appetite” of Ukrainian and foreign investors to buy bonds. The main thing is that the principles and procedures of the “green” bonds market comply with international standards. We will implement them in our legislation. We will start the development of the “green” bond market. I think it will take two years,” Savchuk said at a press conference on Thursday.
According to him, the relevant changes are contained in the bill on the capital market and regulated markets, developed by the agency in cooperation with the National Commission for Securities and the Stock Market.
Savchuk recalled that the “green” bonds are a debt financial instrument, the proceeds from the sale of which are used to finance “green” projects.
According to the head of the energy efficiency agency, “green” bonds can be issued by corporations, international banks, the state or municipalities.

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