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 2029 2030 2032 2034 2035 2036
Issue Volume ($m) 1168.33379 547.943855 3497.6653200000005 2001.3222000000003 1626.613414 2456.212884
Coupon Rate (% p.a.) 4.5% 0.0% 4.0% 0.0% 0.0% 4.5%
Coupon Frequency 2 2 2 2 2 2
Maturity date 2/1/2029 2/1/2030 2/1/2032 2/1/2034 2/1/2035 2/1/2036
Ratings: Fitch/Moody's/S&P _/CCC+/CCC _/CCC+/CCC _/CCC+/CCC+ _/CCC+/CCC _/CCC+/CCC _/CCC+/CCC
Market Price* 77.75 63.5 78.75 48.25 56.0 61.0
Market YTM* 14.97% 14.51% 10.69% 13.37% 10.82% 13.14%
Spread over UST* 1140.36 1081.88 781.71 929.81 666.84 897.32
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 ($bn) 37.7 40.9 42.7 50.6
Ext. Debt w/o IMF (% exports) 59.38% 66.88% 52.07% 59.46%
Gross F/X Reserves ($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