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ALROSA Announces Measures on Short-Term Debt Refinancing

Apr 30, 2014 9:04 AM   By ALROSA
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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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Tags: Alrosa, Debt, euro bond, financing
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