PJSC ALROSA (the “Company”) announces payment of the latest coupon in fulfilment of its obligations under a Eurobond issue in the amount of USD 500,000,000, maturing in 2027 (the “Eurobonds”), scheduled for payment on 25 December 2022, and due to non-business days in USA and UK, paid on 28 December 2022 (the “Coupon”).
In accordance with the Russian Federation Presidential Decrees No. 95, dated 5 March 2022, and No. 430, dated 5 July 2022, on 30 December 2022, the Company transferred funds to JSD NSD (National Settlement Depository) for onward transfer to Eurobond holders whose rights are recorded in the Russian depository infrastructure in accordance with the registers of Eurobond holders collated on 23 December 2022 (the business day prior to the date on which payment of the Coupon was due) as a result of the procedure to identify holders of ALROSA Eurobonds conducted by JSD NSD. The Coupon payment was made in Russian Federation roubles in accordance with the procedure determined by the Board of Directors of the Bank of Russia on 8 July 2022.
The fulfilment of Eurobond coupon payment obligations as stipulated in the terms and conditions of the issuing documentation to holders whose rights are registered in foreign depository infrastructure (in particular through the Euroclear, Clearstream, and DTC settlement and clearing systems) remains technically impossible due to the sanctions imposed on the Company.
The Company is fully committed to its Eurobond payment obligations, and is taking all possible steps and measures to protect the interests of all its Eurobond holders in equal measure. The Company is considering possible ways in which it might fulfil its obligations in the current circumstances.
Vladimir Malakhov, Rough&Polished
Exclusive
Yoram Dvash: Industry unity, producer leadership and marketing investment key to natural diamond's future
The natural diamond industry is navigating a period of significant transition, but there are increasing signs that the foundations for a stronger and more positive future are being built, according to the World Federation of Diamond Bourses (WFDB)...
29 june 2026
AWDC: First fully traceable artisanal diamonds from DRC sold on the international market in Antwerp
In a historic milestone for the diamond industry, fully traceable, artisanal diamonds from the Democratic Republic of Congo have been sold on the international market for the very first time in Antwerp. Below, Ine Tassignon, AWDC spokesperson, provides...
22 june 2026
Natural diamonds most desired luxury jewellery, Gen Z spending double baby boomers, reveals De Beers report
Natural diamonds remain the most desired jewellery item among US consumers, with Millennials and Gen Z driving demand value and spending, according to De Beers Group’s The Diamond Report, which draws on the biannual Diamond Acquisition Study of 18,500...
15 june 2026
Edahn Golan: India’s lab-grown diamond exports surpass natural diamonds by volume, yet value gap widens
India’s diamond industry has reached a historic turning point. In March and April 2026, the volume of lab‑grown diamond exports overtook that of natural diamonds, with lab‑grown stones accounting for 51% and 50.4% of total export volume respectively...
01 june 2026
Dr M’zée Fula-Ngenge: Kimberley Process failing Africa
The Kimberley Process (KP) is failing Africa, and the world's definition of a “conflict diamond” is a moral and legal absurdity, according to the African Diamond Council (ADC) chairperson M’zée Fula-Ngenge. The following exclusive...
18 may 2026
