RapNet


Rapaport News

 

Mining

 
Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

ALROSA Repays Loans to VTB Bank

Mar 1, 2017 8:21 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... ALROSA has paid off $600 million of loans to VTB Bank ahead of their repayment date, the Russian miner said on Tuesday.

The company received the loans from VTB in 2012. In 2014, they were extended until October 2018.

As a result of the early repayment, the rough-diamond producer has reduced its loans and borrowings to $1.7 billion from $2.3 billion and lowered its average interest rate to 6.3 percent from 6.6 percent.

The company used cash from its operations to make the payment, it said.
Tags: Alrosa, finance, lending, loans, Rapaport News, Rough Diamonds, Russia, VTB, VTB Bank
Similar Articles
LucapaLucapa Closing In On Diamond Source
Feb 19, 2020
Lucapa Diamond Company is coming closer to finding the kimberlite source...
Challenging Market Weighs on Petra
Angola’s Annual Rough Revenue Rises
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us