Investor Presentaiton
Switching focus to UAH-denominated issuances on domestic market
• Major development
Domestic government bonds placements by currency
Funds remitted to State Budget
of domestic bond
UAHM
market with a
focus on UAH-
denominated
issuances
experiencing 3.5x
2019 issuance
US$m
volume increase
as compared to
2018
32,755
65,128
UAH-denominated issuances
227,552
96,457
US$-denominated issuances
4,331
3,478
1,810
1,915
Based on 2020
revised state
budget domestic
bonds issuance
is expected to
further increase
up to UAH 373bn
in 2020
In line with MTDS
objectives, FX-
denominated
issuances are
kept relatively
stable
EURM
133.6
2017
498.5
387.2
EUR-denominated issuances
630
1
2018
2019
YTD 2020
Share of UAH-denominated debt in total state debt
33.4%
34.4%
41.0%
Dec 31, 2017
Dec 31, 2018
Dec 31, 2019
Source Ministry of Finance
Note 1 As of July 20, 2020
July 2020
BA
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