Serbia services EUR 2.5bn of debt since start of year

BELGRADE Serbia serviced during the first half of 2013 a total of EUR 2.55 billion of its public debt, with EUR 2.2 billion going towards the repayment of the principal. The data was revealed on Monday by the Public Debt Administration. Serbia services EUR 2.5bn of debt since start of year Most of the debt payments went to the home financial market, EUR 1.6 billion based on matured government securities, while the interest costs based on matured government securities on the Serbian market were covered with EUR 214 million. Obligations regarding foreign debts were covered with the total of EUR 592 million, with EUR 441 million used to pay off the principal. Serbia's most important point when it comes to paying off debts on the international market is the early payment of a part of the debt towards the London club of creditors, totalling USD 436. Serbia paid the obligations based on the maturity of the coupons of the issued Eurobonds of Serbia on the international market, worth a total of EUR 71.7 million. During the said period, Serbia paid debts based on provided guarantees, worth a total of EUR 89 million, with the principal being EUR 74 million. Serbia's public debt dropped by EUR 69.3 million in June, down to EUR 18.9 billion. The chief contribution to Serbia paying its debt in June came from the payments of the debt based on securities issued on the domestic financial market, worth RSD 11.8 billion, and payment of the debts to domestic commercial banks, amounting to RSD 2.9 billion. The public debt share of GDP at the end of June 2013 was 57.4 percent. The increase in the public debt's share in GDP compared to May, when it was 56.3 percent, came as the result of the dinar losing value compared to the euro. Tanjug

Serbia services EUR 2.5bn of debt since start of year

Most of the debt payments went to the home financial market, EUR 1.6 billion based on matured government securities, while the interest costs based on matured government securities on the Serbian market were covered with EUR 214 million.

Obligations regarding foreign debts were covered with the total of EUR 592 million, with EUR 441 million used to pay off the principal.

Serbia's most important point when it comes to paying off debts on the international market is the early payment of a part of the debt towards the London club of creditors, totalling USD 436.

Serbia paid the obligations based on the maturity of the coupons of the issued Eurobonds of Serbia on the international market, worth a total of EUR 71.7 million.

During the said period, Serbia paid debts based on provided guarantees, worth a total of EUR 89 million, with the principal being EUR 74 million.

Serbia's public debt dropped by EUR 69.3 million in June, down to EUR 18.9 billion.

The chief contribution to Serbia paying its debt in June came from the payments of the debt based on securities issued on the domestic financial market, worth RSD 11.8 billion, and payment of the debts to domestic commercial banks, amounting to RSD 2.9 billion.

The public debt share of GDP at the end of June 2013 was 57.4 percent.

The increase in the public debt's share in GDP compared to May, when it was 56.3 percent, came as the result of the dinar losing value compared to the euro.