ALROSA is not planning to raise funds to repay $500 mln in eurobonds in November.
"In the course of debt refunding in spring 2014 the company raised and deposited $500 mln to be used to pay off eurobonds", ALROSA's spokesperson told Interfax.
"Eurobonds shall be repaid in November, new borrowings are not to be made for this purpose."
In the end of April ALROSA took two 3-year bank loans totalling $1.09 billion to refund its $1.32 billion short-term debt of the current year.
VTB and Alfa Bank were the lenders.
In accordance with the decision of the Supervisory Board of ALROSA, the company may draw a total loan of $1 billion from VTB. The Board also approved the agreement with Alfa BAnk envisaging 3-year $720 million loan at 4.3% interest rate.
Anna Georgieva, Rough&Polished
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