Debt Drops In August.
29 September 2008
Ukraine’s external debt fell by 0.06% in August to USD 8.5 bln as of August 31. At the same time direct internal debt fell by 1.09% to USD 4.5 bln in August. For January-August total public debt fell by 4.9% to USD 16.1 bln. Concorde Capital: After accounting for the amortization of outstanding debts, a ~9% net increase in external debt is expected by the end of the year, due to the forthcoming EUR 600 mln Eurobond issue and new loans from the World Bank and IMF. We increase our estimate for Ukraine?s year end total public debt by USD 0.4 bln to USD 16.4 bln (19.3% of GDP).
