ALROSA, having confirmed its readiness to pay coupon income to holders of its bonds on April 9, applied to the British Office of Financial Sanctions Implementation (OFSI) with a request to issue a special license for such payments.
“The Company is totally financially sustainable and is in possession of all financial resources necessary to fulfill the next coupon payment in amount of US$11,625,000. As at the end of 2021 ALROSA had a 0.4x Net Debt/EBITDA, its cash and cash equivalents were US$0.9 bn. We confirm that the Company is taking all possible steps and measures in order to protect the interests of the Noteholders,” the issuer said in its statement.
Vladimir Malakhov, Rough&Polished
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