Ukraine aggregate state debt declines 0.6% in September

Ukraine’s state and state-guaranteed debt declined
0.6% m/m to USD 92.02 bln as of Sept. 30, the Finance Ministry reported on Oct.
26. State foreign debt declined 2.1% m/m to USD 44.5 bln, while state domestic
debt increased 1.7% m/m to USD 37.1 bln. State guaranteed debt declined 2.0%
m/m to USD 10.4 bln.

In UAH terms, the overall state declined 1.6% m/m in
September to UAH 2,485 bln, or 58.3% of Ukraine’s GDP in 2020.

Evgeniya Akhtyrko: The decline
of state foreign debt in September was mostly related to a USD 0.97 bln
repayment of Eurobonds and USD 1 bln repayment of U.S.-guaranteed bonds. The
higher decline of debt in UAH terms was mostly due to a 1.1% hryvnia
appreciation in September.

In October, Ukraine’s foreign debt will increase,
reflecting the disbursement of a EUR 600 mln MFA tranche
from the EU. At the same time, the state domestic debt will decline as the
receipts from the placement of local bonds during the month are lower than the
repayments on domestic debt by around UAH 7.5 bln.