ALROSA Successfully Completes Eurobond Placement

Your contacts

Moscow Office

115184, Ozerkovskaya nab., 24

E: info@alrosa.ru

T: +7 (495) 620-92-50
+7 (495) 411-75-25

On November, 3, 2010 ALROSA successfully completed its USD 1 billion Eurobond placement lead-managed by a consortium of JP Morgan, UBS and VTB Capital. The Eurobond matures in 10 years and has a coupon yield of 7.75%.

The full amount of the proceeds will be used by the Company to restructure its current debt.

With this placement ALROSA has completed the implementation of a package of measures aimed at restructuring its debt portfolio and converting its short-term obligations into long-term obligations.

The placement was arranged in accordance with the resolution of the ALROSA Supervisory Board of April 29, 2010.

As part of its debt restructuring program the Company already made RUB 26 billion placement of ruble-denominated bonds in June 2010.

This page was last updated on 03 November 2010 at 09.42