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Serbia: Foreign Debt Grows
Despite eurobond issue, private sector deleveraging led to mild foreign debt growth, Raiffeisen Research reports.
Serbia: Foreign Debt Grows / Picture: © Vindobona.org
Growth in November’s foreign debt (+€ 169.1m mom) was largely supported by eurobond placements (€ 572.1 m), whereas banks and corporate customers were de-leveraging, € 100.7m and € 322m respectively.
Foreign debt came to € 25.7bn in Nov/12 or 86.8% of GDP (Raiffeisen RESEARCH 2012 GDP estimate). In Dec/11>Nov/12 period foreign debt grew by € 1.58bn ytd…
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