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Ukraine Foreign Debt Climbs 2.6% on State, Company Borrowing

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Dec. 19 (Bloomberg) -- Ukraine’s foreign debt grew 2.6 percent in the third quarter as the government and corporate borrowing increased, the central bank said.

Gross foreign debt rose to $132.4 billion as of Oct. 1 from $129 billion on July 1, the Natsionalnyi Bank Ukrainy, based in the capital, Kiev, said today on its website. That’s equal to 75.3 percent of gross domestic product, it said.

State foreign debt grew 12 percent to $26.8 billion, while corporate debt increased 3 percent to $68.5 billion, according to the data.

More than 73 percent of the total was denominated in dollars, the central bank said.

-- Editors: Andrew Langley, Francis Harris

To contact the reporter on this story: Daryna Krasnolutska in Kiev at dkrasnolutsk@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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