OREANDA-NEWS. According to Bank of Russia estimates published on its website, actual external debt repayments by Russian non-financial organisations may reach $21.6 billion in 2016 Q4 and $15.2 billion in 2017 Q1.

The estimate of actual external debt repayments differs from the macroeconomic statistics data by the amount of intragroup payments, which are likely to be rolled over and restructured. According to statistics, the amount of external debt repayments by non-financial organisations, including principal and interest, will equal $23 billion in 2016 Q4 and $20.7 billion in 2017 Q1.

As it is the case, the peak of repayments occurs in December, the bigger portion of them being as a rule rolled over. Macrostatistical data indicate that the amount of repayments will equal $13.4 billion in December 2016 (down by 24% year on year).

Additionally, in 2017 Q1 considerable amount of external debt repayments will be made in March ($12.8 billion), according to statistical data. The Bank of Russia estimates that this amount will include roughly $4.8 billion of intragroup payments, and $3.8 billion of scheduled Eurobond repayments by several large non-financial organisations which have sufficient foreign currency liquidity to service their debt obligations.