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ALROSA Announces $85M Bank Loan Repayment
Jul 30, 2015 1:48 AM
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RAPAPORT... ALROSA has repaid in advance a $85 million loan to VTB Bank (Austria) AG. The loan was repaid through the company's cash from operations. As a result, ALROSA reduced loans and borrowings from $3.3 billion to $3.2 billion, according to a company announcement.
The Russian miner expects to repay in October ruble bonds series BO-01 and BO-02 placed in October 2012 totaling RUB 10 billion. The miner plans to repay these bonds from cash currently accumulated on bank deposits worth of more than RUB 28 billion.
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Tags:
, finance, loan
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