Alrosa Extends Loan, Has $3.6B of Bank Loans And Public Debt

(IDEX Online) – Russian diamond mining giant Alrosa said that it has extended the repayment terms of outstanding loan contracts worth $600 million with JSC VTB Bank until 2018.

As at December 1, Alrosa has $3.6 billion of bank loans and public debt instruments, including debt maturing in 2015.

To create a liquidity source for repayment of commercial ruble bonds and exchange-traded ruble bonds, Alrosa signed a $300 million loan contract with ZAO UniCredit Bank maturing in 2017.

"In consequence, Alrosa ensured repayment sources for short-term loans and borrowings to mitigate debt market access risks in 2015," the firm said in a statement.