|
|
ALROSA Repays $185M Worth of Commercial Bonds
Jun 23, 2015 12:22 PM
By Jeff Miller
|
|
|
RAPAPORT... In the past week, ALROSA repaid Series 20–23 commercial bonds of $185 million (RUB 10 billion) that were placed on Moscow Exchange in June 2010.
According to a company statement, the bonds were repaid through a liquidity source of cash that had accumulated earlier on bank deposits. As a result of the transaction, ALROSA reduced its loans and borrowings from $3.5 billion to $3.3 billion.
In October, ALROSA intends to repay ruble bonds series BO-01 and BO-02 that were placed in October 2012, also totaling $185 million (RUB 10 billion). The payment will be possible through cash that is currently accumulating on bank deposits of more than $683 million (RUB 37 billion).
|
|
|
|
|
|
|
|
|
|
Tags:
Alrosa, bonds, Debt, Jeff Miller, repayment
|
|
|
|
|
|
|
|
|
|
|
|
|