ALROSA announces a $ 85 mln bank loan repayment

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On 29 July 2015 ALROSA repaid in advance the $85 mln bank loan payable to VTB Bank (Austria) AG in April 2016.

The bank loan was repaid through the Company’s cash from operations. As a result, ALROSA reduced loans and borrowings from $3.3 bn to $3.2 bn.

In October 2015, ALROSA is set to repay ruble bonds series BO-01 and BO-02 placed in October 2012 totaling RUB 10 bn. ALROSA plans to repay these bonds from cash currently accumulated on bank deposits worth of more than RUB 28 bn.

This page was last updated on 29 July 2015 at 16.30