Daily Insight-Ministry of Finance releases financing plan for 4Q10, Kryvorizhstal issue addressed by Yanukovich

The Ministry of Finance of Ukraine announced that it plans to issue new local bonds in 4Q10 worth UAH26.2bn (US$3.3bn), and borrow US$1bn from the IMF tranche and UAH2.8bn (US$0.35bn) from international development organisations to finance development projects. This brings the total amount of planned public borrowing in 4Q10 to UAH36.8bn (US$4.6bn). During the 9M10, the volume of public borrowing equaled UAH98bn (US$12.36bn), which is 83.3% of the year\'s plan (UAH117.63bn), according to the Ministry of Finance data. At the end of 2010, external obligations in foreign currency will comprise 50.5% of the total amount of state financing for the year, under stable exchange-rate conditions, according to the Ministry\'s own estimates, as reported by Interfax Ukraine.