Ukraine aggregate state debt declines 0.5% in August

Ukraine’s state and state-guaranteed debt declined 0.5%
m/m to USD 92.53 bln as of Aug. 31, the Finance Ministry reported on Sept. 27.
State domestic debt dropped 0.9% to USD 36.5 bln, while state foreign debt slid
0.3% to USD 45.4 bln. State guaranteed debt didn’t undergo statistically
significant changes, staying at USD 10.6 bln.

In UAH terms, the overall state debt slid 0.6% m/m in
August to UAH 2,485 bln, or 59.3% of Ukraine’s GDP in 2020.

Evgeniya Akhtyrko: The state
domestic debt declined as the redemption of local bonds exceeded the receipts
from newly placed bonds during the month. The state foreign debt slid as a
result of the reduction of debt to IFIs.

The state debt is expected to decline in September due
to a USD 0.97 bln repayment of Eurobonds
on Sept. 1 and USD 1 bln repayment of U.S.-guaranteed bonds, scheduled for
tomorrow. The state domestic debt is also likely to decline as the redemption
of local bonds exceeds the receipts from newly placed bonds during the month.