In February, the total amount of Ukraine’s state and state-guaranteed debt decreased by UAH 48.48 billion in the hryvnia equivalent, while in the U.S. dollar equivalent, the debt increased by $9.5 million.
As of February 28, the total state and state-guaranteed debt amounted to UAH 7,019.53 billion ($169.09 billion), including:
– State and state-guaranteed external debt – UAH 5,106.73 billion (72.75% of the total) or $123.01 billion;
– State and state-guaranteed domestic debt – UAH 1,912.80 billion (27.25%) or $46.08 billion.
During the month, the domestic public debt decreased by UAH 15.48 billion. In February, bonds UA4000204150 were redeemed for over UAH 41 billion. These bonds were considered for inclusion in the JP Morgan GBI-EM GD index in March 2022 but were not included due to russia’s full-scale war against Ukraine.
The Ministry of Finance is reducing domestic borrowing to lower the cost of public debt servicing, while covering financing needs through significant concessional funding from international partners.
By creditor category, most of the debt is held by:
– International financial organizations (IFIs) and foreign governments – 57.82%;
– Domestic market via government securities sales – 26.2%;
– External markets through issued securities – 9%;
– Other creditors – 6.98%.
Ukraine’s state and state-guaranteed debt is distributed by currency as follows:
– U.S. dollars – UAH 1,828.05 billion (26.18%);
– Euros – UAH 2,405.88 billion (34.27%);
– Hryvnia – UAH 1,755.97 billion (25.02%);
– Other currencies (SDRs, British pounds, Canadian dollars, Japanese yen) – UAH 1,019.63 billion (14.52%).
In February, the Ministry of Finance held 10 auctions for the placement of domestic government bonds, raising UAH 26.4 billion to finance the state budget. (Government portal)