Investor Presentaiton
A favourable debt amortisation profile
Estonia has no significant maturing long-term debt until 2030
Term to maturity in years (Q3 2023)
10
9
8
7.1 7.1 7.3 7.4 7.6 7.7 7.9 8.1 8.1
7
6.1 6.2
6
5.1
5
4
3
2
1
0
Poland
Hungary
Czech Rep.
30
25
20
20
Estonia
Italy
Latvia
Cyprus
Bulgaria
Germany
Finland
Malta
Luxembourg
Ireland
Lithuania
Netherlands
Denmark
8.7 8.7 8.7 8.7
1,800
Smooth amortisation profile in the medium term (EURm)
1,600
1,400
1,200
1,000
800
600
400
Source: European Commission
External debt service to current account receivables (%)¹
2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036
Source: Ministry of Finance of Estonia
MoF projected debt portfolio (EURm)²
200
0
8,000
26
6,000
4,500
15
10
4,000
3,000
2,500
1,500
2,000
521
1,021
5
400
350
1,582
1,680
1,820
1,718
0
0
Estonia
Czech
Rep.
Slovakia Slovenia Latvia
Belgium AA median A median
2021
2022
2023
2024f
■2018-2022 Avg.
2023
■IFI loans
■Short term instruments
■ Eurobond
Source: Ministry of Finance of Estonia
Source: Fitch Sovereign Data Comparator December 2023
Note: (1) Amortisation paid/due on medium and long-term gross external debt plus interest payments on all gross external debt; (2) Forecasts on debt are subject to
change
REPUBLIC OF ESTONIA
MINISTRY OF FINANCEView entire presentation