Kyiv, March 16 (Interfax-Ukraine) – Ukraine has delayed its entry to the foreign markets, originally planned for March, according to First Deputy Finance Minister Anatoliy Miarkovsky.
“You’ll learn how we’ll proceed with preparations for foreign borrowing up to the end of March. We won’t manage [to effect foreign borrowings] in March,” he told reporters on Friday.
“It’s a technical issue,” he added, describing the reason for such a decision.
As reported, the overall amount of national budget receipts on debt operations in the first quarter was previously set at UAH 30.92 billion, or 31.45% of the borrowing planned for 2012: UAH 24.39 billion in the general fund and UAH 6.52 billion in the special fund.
The largest amount of borrowing for the general fund in the first quarter of 2012 was expected in March: UAH 12.15 billion (about $1.5 billion) in foreign loans and UAH 7.97 billion in domestic loans.
In 2012 Ukraine planned to place eurobonds worth $3.5 billion.
In February 2012, a spokesman for the Finance Ministry said that Ukraine planned to enter the foreign borrowing market when the interest rate was no higher than 9% per annum.
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