The external public debt of Russia fell by 9.8% ytd to USD 55.8bn as of Dec 1 , the FinMin has announced. Russia owned USD 161.8bn to Paris Club members, down by 50.5% ytd and USD 1.06bn to non- Paris Club members. The money owed to international financial institutions amounted to USD 1.6bn as of Dec 1 . The former Soviet Union commercial debt is estimated at USD 22.1mn , a decline of 3.5% ytd. The debt to former Comecon member states contracted by 4.8% ytd to USD 943.6mn . As of December 1, 2013 obligations under external bonded loans amounted to USD 40.66bn up by 16.5% ytd, while government guarantees denominated in foreign currencies came to USD 11.39bn . As of end of 2012, the government's external debt increased by 41.8% in USD terms and 38.6% in EUR, according to FinMin. According to the previous reports, drafted 2013-2015 budget included annual Eurobond issues worth USD 7bn . In September 2013 , Russia placed USD 7bn worth of Eurobonds in four tranches: USD 3bn worth of 10-year Eurobonds at 5.112%, USD 1.5bn worth of 5-year bonds at 3.664%, USD 1.5bn of 30-year bonds at 6.08%, as well as EUR 725mn 7-year bonds at 3.702% were placed. To compare, in March 2012 Russia FinMin issued USD 2bn worth of 5-year bonds at coupon rate of 3.25%, USD 2bn worth of 10-year Eurobonds at a rate of 4.5% and USD 3bn worth of 30-year bonds at a rate of 5.625%. With these Eurobond issues FinMin covered all the planned foreign borrowings of USD 7bn for 2013.
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