Ukraine’s state debt in national currency decreased by 1.4% in February

Ukraine’s state debt in national currency decreased by 1.4% in February

In February 2020, Ukraine's state and government-guaranteed debt estimated in the national currency decreased by 1.46%, and grew by 0.02% in the foreign currency, according to the Finance Ministry.

"In February 2020, Ukraine’s aggregate state and government-guaranteed debt in the national currency equivalent shrank by 1.46%, to UAH 2,047.8 billion. The debt in the foreign currency rose by 0.02% and reached $83.38 billion. The devaluation of the hryvnia against the U.S. dollar was the main factor of the impact on debt fluctuations (1.8% in February, according to the NBU),” reads the statement.

The cooperation with international financial institutions and partner countries remains a priority for the Finance Ministry in order to ensure the stability of public finances among external sources of financing.

In February 2020, the Finance Ministry held four auctions to place government bonds. As a result, the ministry raised UAH 14 billion to the state budget. At the auction on February 25, the average weighted yield rates on hryvnia-denominated government bonds with a maturity of 3 months, 1.5 years, 2 years and 7 years were 9.4%, 9.9%, 10%, and 9.95%, respectively.

In February 2020, U.S. dollar-denominated government securities were also offered to investors. On February 11, the Finance Ministry successfully placed U.S. dollar-denominated annual government bonds with a weighted average yield of 3.39%. As a result, the state budget was replenished with $200 million, or UAH 4.9 billion in equivalent.

Expenditures of the state budget to repay the national debt in February 2020 amounted to UAH 20.1 billion, for servicing - UAH 7.6 billion.

As Ukrinform reported, Ukraine’s state and government-guaranteed debt in 2019 decreased by 7.84% in hryvnia equivalent and grew by 7.71% in U.S. dollar equivalent.


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