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Ukraine's debt grows to $14.635 bln on June 30

July 28, 2003 | Reuter

Ukraine's total state debt rose to
$14.635 billion on June 30, 2003 compared with $13.922 billion
at the end of the previous month, the Finance Ministry said on
Monday.
June's issue of 10-year Eurobonds placed with a coupon of
7.65 percent and worth $800 million was the main reason behind
the increase in Ukraine's state debt. That was the ex-Soviet
state's first return to the international markets since a
regional financial meltdown in 1998.
The ministry said in a statement foreign debt grew to $8.596
billion at the end of June from $7.868 billion in May.
UKRAINE'S STATE DEBT ($bln)
June 30, 2003 May 31, 2003 Dec 31, 2002
total debt 14.635 13.922 14.202
foreign debt 8.596 7.868 8.079
domestic debt 3.925 3.934 4.011
government guarantees 2.114 2.120 2.112
Ukraine faces a foreign debt payment peak this year and
next. The government also plans an additional issue of its 2013
Eurobonds by the end of the year to raise funds for grain
purchases.
Parliament has allowed government to borrow just over $100
million to fund grain imports this year.

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