Tuesday, December 14

Ukraine allows redemption/exchange of Eurobonds and expansion of currencies in an updated strategy of state debt management.

 The Ministry of Finance of Ukraine will continue the practice of buying or exchanging government securities (Eurobonds) to smooth the repayment schedule, according to the updated medium-term strategy for public debt management for 2021-2024. In addition, the strategy specifies the diversification of foreign currencies in the debt portfolio as one of the measures to reduce the currency risk of the public debt. As a result, the strategy aims to reduce Ukraine’s direct public debt, which amounted to 60.8% of GDP at the end of 2020, to 56.9% of GDP by the end of 2021, 50.8% of GDP by the end of 2022, and to 47% by the end of 2024.

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The Ukrainian subsidiary of the Russian Sberbank has changed its name to MR Bank.

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