As at 01 December 2014, ALROSA had $3.6 bn of bank loans and public debt instruments, including the debt maturing in 2015: $600 mln of loans from JSC VTB Bank, RUB 20 bn of commercial ruble bonds, series 20–23, and exchange-traded ruble bonds, series BO-01 and BO-02.
In order to improve liquidity ALROSA extended the repayment terms of outstanding loan contracts worth $600 mln with JSC VTB Bank till 2018.
To create a liquidity source for repayment of commercial ruble bonds, series 20–23, and exchange-traded ruble bonds, series BO-01 and BO-02, ALROSA signed a $300 mln loan contract with ZAO UniCredit Bank maturing in 2017.
In consequence, ALROSA ensured repayment sources for short-term loans and borrowings to mitigate debt market access risks in 2015.
ALROSA is the world's largest producer of diamonds by carats. The company is engaged in exploration, production and sale of diamonds. ALROSA is mining diamonds in the Republic of Sakha (Yakutia) and in the Arkhangelsk Region. In 2013, ALROSA produced 36.9 million carats of diamonds and the Company’s revenue reached RUB 168.5 billion.
Theodor Lisovoy, Rough&Polished
