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Alrosa repays Series 20–23 commercial bonds
The total value of the repayment is RUB 10 billion
By: Diamond World News Service
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Jun 24 2015 11:03PM
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Reference: 11616  

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Mining giant Alrosa announced it had repaid Series 20–23 commercial bonds that were placed on Moscow Exchange in June 2010. The company noted the repayment was made on June 18 and 23 this year and valued a total of RUB 10 billion.

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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