Latvia's Economic Response to Covid-19
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Central Government Debt Profile
Government debt redemptions remain moderate
14 000
12 000
10 000
8 000
6.000
4 000
2.000
Debt structure by Instruments
(milion EUR)
Debt Redemption Profile
(EUR million)
1 600
1 400
1 200
1 000
800
mio EUR
600
400
200
0
2021 2022 2023 2024 2025 2026 2027
Mar-Dec
■Domestic debt redemption
0
1Q15
Other
3Q15 1Q16 3Q16 1Q17 3Q17 1Q18 3Q18
Domestic T-bills Domestic T-bonds
Source: The Treasury, December 2020
1Q19 3Q19
Eurobonds
1Q20 3Q20
Loans from financial institutions
■SURE
■Eurobonds
Source: The Treasury, on February 28, 2021
Debt Portfolio Management
2028 2029 2036 2037- 2047 2048- 2050 2051
2035
2046
Other external debt liabilities
EC loan (Program)
2049
Eurobond Tap issues targeted for domestic investors
Parameters
Strategy
30/09/2020
31/12/2020
Maturity profile (%)
•
up to 1 year
≤ 25%
•
up to 3 year
≤ 50%
23.5%
39.1%
18.8 %
Share of fixed rate (1)
≥ 60%
78.4%
37.2 %
82.10 %
Macaulay duration
(years)
5.00 9.00
6.50
6.62
Net debt (2) currency
composition
100% EUR with a
deviation of +/-
100.53%
5%
Source: The Treasury
100.10%
Source: The Treasury | (1) Fixed rate central government debt with a maturity over one year; (2) Central government debt at the end of the
period less the amount of loans and receivables, where impairment loss of guarantees are not taken in account (including Treasury's cash
accounts, investments in deposits and fixed income securities, loans, receivables (including receivables of derivative financial instruments
which are not classified as risky from credit risk perspective)), and increased by provisions of guarantees as well as liabilities of derivative
financial instruments which are not classified as risky from credit risk perspective.View entire presentation