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Ukraine mulls borrowings abroad

January 27, 2010 | RBC

Ukraine is poised to begin borrowing abroad in April-May 2010, acting Finance Minister Igor Umansky told journalists today. He explained that Kiev was looking into the possibility of bond placement abroad, as well as taking out loans. Umansky did not give any specific figures yet, but noted that the interest rate would be lower than 10 percent. The funds are to be taken out for two or three years.

Meanwhile, Ukraine's public debt was estimated at 42 percent of GDP for 2009 and 48.4 percent of GDP in 2010.

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