Alexander Paraschiy, Head of Research at Concorde Capital investment company, discussed Ukraine’s remaining debt payments this year
We are handling our foreign-currency debts without the IMF so far. Now let’s consider this year’s schedule. Already in March, Ukraine faces its first peak payment this year on its foreign debt. About USD 400 mln needs to be returned to the IMF, and another USD 530 mln to Eurobond holders. In May, we have slated a payment of USD 1.5 bln, including USD 1 bln in Eurobonds issued under U.S. state guarantees. For September, another USD 2.3 bln is slated, including USD 1.9 bln in Eurobond payments. Peak payments on local bonds are planned for the summer – the equivalent of about USD 760 mln in July and USD 474 mln in August.
Without IMF assistance, attracting foreign currency will be difficult, not even taking account Ukraine’s solid financial position in the eyes of investors currently.
Alexander Paraschiy, Head of Research of Concorde Capital investment company (founded by its CEO investment banker Igor Mazepa) discussed with Liga Finance media resource Ukraine’s remaining debt payments this year.
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