The bonds were repaid through a liquidity source of cash accumulated earlier on bank deposits. As a result, ALROSA reduced its loans and borrowings from $3.5 billion to $3.3 billion.
In October 2015, ALROSA is set to repay Ruble bonds series BO-01 and BO-02 placed in October 2012 totaling RUB 10 billion. ALROSA plans to repay these bonds from cash currently accumulated on bank deposits worth of more than RUB 37 billion.
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