KSG Agro agricultural holding has signed an agreement on restructuring credit debts to the German company Big Dutchman.
According to the press service of the agroholding, the debt on the loan received in August 2012 is EUR4.8 million (of which EUR3.96 million is the principal of the loan and EUR804,500 is interest for use). Restructuring implies the reduction of the debt to the German lender to EUR1.03 million, the date of commencement of debt repayment is July 31, 2019.
According to the press service, the agricultural holding attracted Big Dutchman loan funds for the development of a pig farm in the Nyva Trudova village (Dnipropetrovsk region).
As reported, KSG Agro for the nine months of 2018 saw its net profit fall by three times compared to the same period in 2017, to $2.23 million, while revenue rise by 16.2%, to $20.02 million.
The aggregate state (direct) and state-guaranteed debt of Ukraine in April 2018 decreased by 0.41%, or by $320 million, to $77.05 billion, according to the website of the Ministry of Finance.
In the national currency, the national debt declined by 1.59%, or by UAH 32.62 billion, to UAH 2.021 trillion.
According to the Ministry of Finance, the reduction of state and state-guaranteed debt is due to both the repayment of part of obligations and the strengthening of the national currency exchange rate in the reporting period.
Since the beginning of the year, the aggregate state (direct) and state-guaranteed debt in U.S. dollar terms increased by 0.97%, or by $740 million, in the hryvnia declined by 5.64%, or by UAH 120.7 billion.
The ministry said public debt in April fell by 1.36%, to UAH 1.749 trillion (in dollars by 0.18%, to $66.67 billion), in particular external debt by 1.9%, to UAH 1.003 billion (in dollars by 0.73%, to $38.22 billion).
The state-guaranteed debt in April fell by 3.03%, to UAH 272.24 billion (in dollars by 1.87%, to $10.38 billion), in particular the external one by 3.19%, to UAH 258.54 billion (in dollars by 2.03%, to $9.86 billion).
The ministry noted the principal amount of the national debt was denominated in U.S. dollars – 41.35%, another 31.93% was in the hryvnia, 17.66% in special drawing rights, 7.9% in euros. In addition, less than 1% of the national debt is denominated in Canadian dollars and yen.
