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Press Release: ALROSA allocated two long-term bank loans in the amount of $1.09 billion with a maturity of 3 years. The loans were allocated for early repayment of $820 million in bank loans with maturity in June and December 2014. As of April 30, bank loans and public debt instruments account for $4 billion, with long-term debt share of 88 percent, according to a company statement.
Debt increases of $270 million was justified by creating a liquidity source for $500 million of Eurobond repayment in November 2014.
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