REUTERS
Almost half of these bonds are due in 2021 and later.
Government domestic loan bonds in non-residents' portfolio are balanced in maturity terms therefore, the National Bank of Ukraine is seeing no risks of forex market destabilization for the period when foreign players will withdraw, that's according to Deputy NBU Governor Dmytro Solohub.
"If you look at the structure of maturity of these bonds, only a quarter of them falls on this year. About a third is next year, almost a half mature in 2021 and later. That is, the repayment structure looks fairly uniform and stable." Solohub told reporters at a Kyiv briefing Thursday.
Citing as an example the experience of countries where a mass exit of non-residents from bonds provoked upheavals in the foreign exchange market, Solohub noted that in Argentina, this was caused by short maturity terms, and in Turkey – by significant political pressure on the country's central bank.
"Given the stable macroeconomic situation, a fairly uniform structure of this debt by maturity, this currently doesn't create additional risks for the fiscal and macroeconomic situation. But I outlined the factors that contribute to this," the deputy NBU governor added.
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As reported by UNIAN, Ukraine's Finance Ministry has boasted about this year's biggest borrowing on the domestic market after government domestic loan bonds were placed for almost US$1.3 billion in total.
The volume of non-residents' investments in domestic bonds at the end of this auction increased by 2.2 billion hryvnias, and from the beginning of the year - 11 times, reaching 67.1 billion hryvnias, or 8.8% of the total volume of these securities in circulation.
Non-residents' investment in government domestic loan bonds has grown by 3.3%, or UAH 2.2 billion (US$84.8 million), to UAH 67.1 billion (US$2.5 billion). Since the beginning of the year, non-residents' investment in Ukrainian government bonds has skyrocketed eleven-fold, or UAH 60.7 billion (US$2.3 billion), the regulator said. The current volume of government domestic loan bonds in non-residents' portfolio accounted for 8.8% of their total circulation against less than 1% as of the beginning of the year.