PJSC Ukrfinzhytlo, which manages the eHouse program, is creating a basis for attracting external financing through securitization or the issue of mortgage Eurobonds after the end of the war. This was stated by the head of the company's board, Yevgeny Metzger, at the First Forum on Affordable Mortgage Lending in Kyiv, Interfax-Ukraine reports.
► Subscribe to the telegram channel “Minfina”: the main financial news
Preparing to enter the markets
Metzger noted that the company's strategy initially envisaged the possibility of securitizing assets or issuing Eurobonds. “JP Morgan outlined what we should look like in order to raise funds on foreign markets after the war,” he said. According to him, a portfolio of $3-5 billion is minimally feasible for such operations, and now Ukrfinzhytlo is transferring loans to its balance sheet, developing an operating system for future securitization.
Lessons from the past and management
The Chairman of the Board acknowledged the problems with the internal bonds of the State Housing Institution, which banks bought under pressure, and noted that Ukrfinzhylya avoids such mistakes thanks to a three-tier protection system: a supervisory board, a compliance officer, and anti-corruption control. However, full-fledged entry into European or American markets is possible only after the end of martial law.
- Bonds