Best practices of municipal securities usage

The municipalities and united territorial communities of Ukraine after the Russian aggression have a huge deficit financial resources to reconstruct all destruction caused infrastructure. One possible ways obtain funding is attract private resources. best practices other states show that it through municipal instruments, particularly debt securities. purpose article analyze attracting by establish most efficient instruments for Ukraine. It was determined use several mechanisms additional they are evolving continuously. Depending on allocation health community local authorities choose cost-efficient way issue securities determine their nominal value, maturity, coupon interest rate backing. established maturity type rates depend heavily economic situation in general volatility capital markets, so prefer short medium-term with variable rates. For projects tend revenue bonds. substantiated preferable medium term bonds as do not require international credit rating quality efficiency investment project finance. service at cost revenues from an burden limited budget