Feb. total debt -0.3ppt; liquidity up slightly; new euro-denominated FX bonds; UAH\'s spot, TWI off

Economics: MoF\'s public debt report for Feb-12: Total debt level down by 0.3ppt
The Ministry of Finance published a monthly report on public debt, revealing a UAH2.3bn debt reduction over the month, primarily thanks to a change in the stock of guaranteed debt that declined by UAH4.1bn on the back of the NBU\'s redemption of principal of the IMF loan received in late 2008. Over February, the MoF was actively borrowing from the local market so that in net terms, the internal debt stock rose by UAH1.4bn. Total debt stock as of the end of February amounted to UAH472.9bn, of which direct debt was at UAH360.3bn and guaranteed debt stock was at UAH112.6bn. In relative terms, overall debt stock (direct and guaranteed) declined by 0.3ppt, to 35.1% of GDP, from 35.4% as of the end of January. The direct debt level remained intact, at 26.7% of the GDP over the past two reporting months.

Attached please find the complete report, which includes supporting charts and tables for all comments (PDF file: 11 pages, 1164KB)