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Press Release: As of December 1, 2014, ALROSA has $3.6 billion of bank loans and public debt instruments, including debt maturing in 2015 -- $600 million of loans from JSC VTB Bank, $348 million (RUB 20 billion) of commercial ruble bonds, series 20–23, and exchange-traded ruble bonds, series BO-01 and BO-02. In order to improve liquidity, ALROSA extended the repayment terms of outstanding loan contracts worth $600 million with JSC VTB Bank until 2018. To create a liquidity source for repayment of commercial ruble bonds, series 20–23, and exchange-traded ruble bonds, series BO-01 and BO-02, ALROSA signed a $300 million loan contract with ZAO UniCredit Bank, maturing in 2017. Now, ALROSA ensured repayment sources for short-term loans and borrowings to mitigate debt market access risks in 2015. Rapaport News is not responsible for, and does not endorse, the content of any third-party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.
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