News

Advanced Search

ALROSA Takes Measures to Improve Liquidity

Dec 12, 2014 9:11 AM   By ALROSA
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

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.

 

Tags: Alrosa, Banking, Debt, financing, mining
Similar Articles
Podcast banner Episode 45Podcast: What Diamond Banks Want
Jun 28, 2021
The diamond-financing landscape has changed dramatically since 2012, when Erik Jens entered the industry
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.