• 12 Neglinnaya Street, Moscow, 107016 Russia
  • 8 800 300-30-00
  • www.cbr.ru
What do you want to find?

Estimated external debt payments of non-financial organisations in 2019 H2

According to macroeconomic statistics, external debt payments of non-financial organisations, including principal and interest, will total $11.8 billion and $19.3 billion in 2019 Q3 and Q4 respectively.

Stripping out intragroup payments, net payments may total up to $9.3 billion in Q3 (26% less than in the previous year) and $17.5 billion in 2019 Q4 (19% less than last year).

As said previously, a significant amount of payments in September will be comprised mostly of intragroup financing that was regularly prolonged in previous periods.

Macroeconomic statistics show that a considerable amount of payments traditionally falls on December ($11.9 billion); however, historically, a sizeable amount of such payments tends to be carried over or restructured.

The Bank of Russia’s survey of top companies shows that the share of intragroup borrowings in major borrowers’ total external debt payments is as follows: 0% — in July and August, 2019; 61% — in September; 0% — in October; 8% — in November; and 54% — in December.

Schedule of external debt payments, 40 largest non-financial corporate borrowers, 2019 H2*

Indicators 2019
July August September October November December
Total due payments, million US dollars 823 689 3,981 1,396 1,835 3,125
Net payments, million US dollars 823 689 1,561 1,396 1,697 1,439
Share of intragroup borrowings 0% 0% 61% 0% 8% 54%

* The Q2 indicators have been adjusted for the updated data from contracts registered by authorised banks in accordance with Bank of Russia Instruction No. 181-I, dated 16 August 2017, ‘On the Procedure for Residents and Non-residents to Submit Documents and Information Confirming Foreign Exchange Transactions to Authorised Banks, on Single Accounting and Reporting Forms Related to Foreign Exchange Transactions, and the Procedure and Timeframes for Their Submission’.

18 July 2019

Was this page useful?
Last updated on: 25.07.2019