Kyivstar May Soon Enter the Ukrainian Bond Market — CEO
Ukraine’s largest mobile operator, Kyivstar, is considering its first bond offering on the domestic market.
This was officially announced by the company’s president and CEO, Oleksandr Komarov, during a business event in Kyiv.
According to him, the company’s stable financial performance allows it to use bonds as a tool to meet its needs for hryvnia or foreign currency capital.
The company aims to expand its financial capabilities and test new mechanisms on the domestic securities market in the near future.
The head of the telecommunications giant emphasized that the company has a successful track record of managing large debt obligations.
In the past, the operator raised significant foreign funds, which it was able to repay within clearly defined timeframes without any delays. A key feature of Kyivstar’s financial policy remains its refusal to use assets as collateral.
“We have a functioning business with fairly solid metrics. I feel that if we need financing in hryvnia or foreign currency, there are bond instruments that we plan to explore in the near future. I see this opportunity and don’t see any limitations,” noted Oleksandr Komarov.
He also recalled that, at one point in its history, Kyivstar had “debt of approximately $250 million” and successfully and promptly fulfilled all of its obligations.
According to him, the company has never taken out loans secured by its assets, only against its working capital.
The launch of this new financial instrument is intended to strengthen the operator’s autonomy and reduce its dependence on current levels of available liquidity.
The company’s president spoke positively about the recent reforms and structural changes in the activities of the National Securities and Stock Market Commission (NSSMC).
In his view, state regulators are gradually creating favorable conditions for large businesses.
It is noteworthy that this statement came amid the submission of a bill to the Verkhovna Rada aimed at simplifying the registration of private share offerings.
“I hope there will be some degree of legalization, and that we will see the creation of new, simplified mechanisms for attracting investment. In other words, it seems to me that, despite the very difficult environment, we are gradually moving in the right direction,” said the president of Kyivstar.
This was announced by the company’s president and CEO, Oleksandr Komarov, at the “UP 100 Business” event in Kyiv on the evening of June 17.
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