“Kyivmiskbud” has fully completed the recapitalization process: what is known
22 May 05:20
Kyivmiskbud Holding Company PJSC has fully completed the capital increase process. On May 20, 2026, the National Securities and Stock Market Commission registered the report on the results of the company’s share issuance. This step officially finalized the process of increasing the developer’s authorized capital. This was reported by "Komersant Ukrainian" with reference to the company’s press service.
The total amount of the recapitalization is UAH 2.56 billion. The sole participant in the placement of additional shares was the Kyiv territorial community, represented by the city authorities.
What exactly has Kyivmiskbud completed?
Recapitalization is an increase in a company’s authorized capital through the issuance of additional shares. In the case of Kyivmiskbud, this involves financial support from Kyiv, which is intended to help the developer resume active operations and fulfill its obligations to investors.
On May 20, the National Securities and Stock Market Commission (NSSMC) registered a report on the results of the share issuance. This means that the procedure has officially passed the final regulatory stage.
Back in November 2025, the National Commission registered the issuance of Kyivmiskbud shares worth UAH 2.56 billion, after which the process was to proceed through further stages—ISIN assignment, certificate deposit, and placement of shares with a single participant.
Who financed the recapitalization
The sole participant in the placement of additional shares was the Kyiv territorial community. It was the city government that supported the process at various stages—from the vote in the Kyiv City Council in the fall of 2024 to the shareholders’ decisions in 2025.
The inflow of UAH 2.56 billion as part of the recapitalization was expected as early as 2025, but the process proceeded in stages due to the need to secure funds in the city budget.
In particular, part of the amount was allocated through separate decisions by the Kyiv City Council in 2025.
What the company’s CEO said
Valery Zasutsky,Chairman of the Board of Kyivmiskbud, stated that the registration of the share issuance report marked the final stage of the recapitalization.
“This is the final stage of the company’s recapitalization, which took place thanks to the support of the city authorities. We are grateful to the National Securities and Stock Market Commission for this decision, as we have received an effective tool to resume Kyivmiskbud’s active operations and unconditionally fulfill all obligations to investors and the community in full,” Valerii Zasutskyi noted.
Why Recapitalization Matters
Kyivmiskbud is one of the largest developers in the capital, and its financial condition directly affects thousands of housing investors.
Recapitalization should help the company:
- resume active operations;
- finance construction projects;
- fulfill its obligations to investors;
- gradually resume work at construction sites;
- stabilize the holding company’s operations;
- implement the anti-crisis plan.
Which projects have already begun to resume
According to Interfax-Ukraine, the developer began resuming work in March 2026 at a number of sites. These include “Podil Grad,” “Gvardeisky,” “Rainbow,” Freedom, “Oberig-2,” Twin House, and “Urlivsky-1.” The resumption of work on the “Apricot” residential complex has also been announced for June .
In addition, work continued on meeting technical requirements for providing utility networks at the Mirax and Medovyi residential complexes .
The total area of Kyivmiskbud’s unfinished construction projects exceeds 548,000 square meters. This illustrates the scale of the problem and the importance of the company’s financial restart for Kyiv’s real estate market.
What the decision means for investors
For investors, the completion of the recapitalization is an important signal, as the company gains a financial tool to resume operations and gradually fulfill its obligations.
At the same time, the fact of recapitalization itself does not mean the immediate completion of all projects.
It marks the beginning or continuation of the financial recovery process, the launch of construction work, and the implementation of an anti-crisis plan.
