Ukraine

Ukraine ranked 54th globally in terms of GDP and 38th in terms of purchasing power parity GDP in 2012. The country’s nominal GDP stood at $176bn last year, translating into $3,865 per capita. Real GDP growth slowed to 0.2% last year as weak external demand took a toll on the export-oriented economy. We forecast economic growth will remain close to zero in 2013 and recover to +1.5% in 2014.

Bond Information

Year 2028 2029 2030 2034 2035 2036 2041
Issue Volume ($m) 825.0 1168.33379 531.0390550000002 1984.4174000000003 1626.613414 1355.51054 3239.32
Coupon Rate (% p.a.) 6.875% 1.75% 0.0% 0.0% 0.0% 0.0% _%
Coupon Frequency 2 2 2 2 2 2 1
Maturity date 11/9/2028 2/1/2029 2/1/2030 2/1/2034 2/1/2035 2/1/2036 8/1/2041
Ratings: Fitch/Moody's/S&P Ca/_/C _/CCC+/CCC _/CCC+/CCC _/CCC+/CCC _/CCC+/CCC _/CCC+/CCC _/CC/_
Market Price* 76.5 69.25 55.75 44.0 62.75 62.5 81.0
Market YTM* 15.15% 15.73% 14.61% 13.05% 8.34% 8.34% %
Spread over UST* 1116.07 1171.27 1056.09 880.99 406.2 402.85
Note: *Based on bid price.

Issuer Financials

Year 2019 2020 2021 2022
GDP ($bn) 154.2 156.6 199.9 191.2
GDP per Capita ($) 3,679 3,755 4,827 4,641
Total Public Debt ($bn) 84.4 90.3 97.9 109.7
Total Public Debt (% GDP) 50.24% 60.45% 48.99% 59.68%
Debt to IMF ($bn) 11.2 12.8 14.5 14.5
Ext. Debt w/o IMF ($bn) 37.7 40.9 42.7 50.6
Ext. Debt w/o IMF (% exports) 59.38% 67.37% 52.39% 59.46%
Gross F/X Reserves ($bn) 25.3 29.1 30.9 30.0
UAH:$ (e-o-p) 23.69 28.28 27.28 28.50
UAH:$ (avg.) 25.80 26.96 27.27 27.40