OREANDA-NEWS. On 30 March 2009 was announced, that according to the National Bank of Ukraine, total external debt reduced by USD 1.6bn or 1.5% to USD 103.2bn in 4Q2008. This was mainly related to the decrease in the corporate debt. In particular, total banks' external debt fell by USD 2.7bn to USD 39.4, while the external debt of other corporations reduced by USD 3.5bn to USD 40.2. Meanwhile, total external public debt grew by USD 5.0bn to USD 19.3bn.

Millennium Capital explains the decrease in the corporate public debt by the inability of the corporate sector to restructure their short term debts in late 2008, related to the downgrade of Ukraine’s sovereign ratings as well as by their failure to attract new loans from abroad, related to the global liquidity shortage. At the same time the main contributors to the external public debt growth were the IMF loan of USD 4.5bn and the World Bank loan of USD 0.5bn both provided in November 2008.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.