RapNet


Rapaport News

 

Mining

 

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
AlrosaAlrosa Finds Diamond Inside a Diamond
Oct 06, 2019
Alrosa has recovered an unusual piece of rough featuring one diamond...
Lesotho Renews Letšeng Lease
US Bans Import of Zimbabwe Diamonds
India’s Polished Trade Declines
Mining for information
Oct 03, 2019
Academics have long been working to uncover the earth’s mysteries...
De Beers Hires New Auctions Exec
Karowe Yields Rare Blue and Pink Diamonds
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