Ukraine faces $3bn external commercial, guaranteed debt repayments in October-December

Ukraine faces $3bn external commercial, guaranteed debt repayments in October-December
Ukraine's total debt redemptions in 4Q18 are $4bn and $12.2bn in 2019 / bne IntelliNews
By bne IntelliNews October 30, 2018

The Ukrainian authorities have to repay over $3bn of debt before the end of the year that includes external commercial (but not bank) debt and guaranteed commitments made by the government in the period of October-December, the National Bank of Ukraine (NBU) said on October 29.

The central bank said that $2.529bn will be transferred to repay the principal amount of the debt and another $483mn for the interest payments, Interfax Ukraine reported on October 29.

Next year in January-March 2019 the country needs to pay $1.368bn for debt, including $1.042bn of principal, after which in the second through fourth quarters of 2019 the amount of payments will decrease to less than $1bn.

According to official data, Ukraine’s international reserves declined by 3.5% month-on-month to $16.638bn in September.

The total amount of payments on Ukraine's gross external debt in the fourth quarter of 2018 was estimated at $4.809bn (including $3.973bn in repayment of the principal of the debt), in the first quarter of 2019 - $3.688bn ($2.528bn), in the second - $3.345bn ($2.912bn) in the third - $3.528bn ($2.445bn) and the fourth quarter - $1.697bn ($1.18bn).

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