Ukraine aggregate state debt declines 3% in September

Ukraine’s state and state-guaranteed debt declined
2.7% m/m to USD 82.9 bln as of Sept. 30, the Finance Ministry reported on Oct.
27. State foreign debt dropped 3.6% m/m to USD 42.0 bln, while state domestic
debt slid 1.4% m/m to USD 31.0 bln. State-guaranteed debt fell 3.0% m/m to USD
9.9 bln.

In UAH terms, overall state debt inched up 0.2% m/m in
September to UAH 2,346 bln, or 59.0% of Ukraine’s GDP in 2019.

Evgeniya
Akhtyrko: The decline of the state foreign debt resulted in
the redemption of Eurobonds for USD 1.69 bln on Sept. 1. State debt in UAH terms
increased as a result of 3.0% hryvnia depreciation in September.

We should see some increase of
the state debt in October as the receipts from newly placed local bonds will
exceed the redemption of local debt.