State Mortgage Institution to Issue Domestic Bonds Worth UAH 1 bln

According to UNIAN, the State Mortgage Institutionwill attract UAH 1 bln (USD 198 mln) in domestic bonds, the bonds is likely to have five year maturity, 9.4% coupon given as an indication. Oleksandr Klymchuk: The State Mortgage Institution is similar to the U.S.’s Fannie Mae, and was created by the Ukrainian government to facilitate mortgage lending. All the SMI bond issues have a quasi-sovereign status as they are guaranteed by the government.