ALROSA Reduces Loans and Borrowing after $185 Million Bond Repayment
June 24, 15
(IDEX Online News) – ALROSA has repaid Series 20–23 commercial bonds totaling $185 million (RUB 10 billion). The bonds are used to ensure practitioners and/or business owners uphold federal and local laws that protect consumers from physical and financial harm.
The bonds were repaid through a liquidity source of cash accumulated earlier on bank deposits. As a result, ALROSA reduced its loans and borrowings from $3.5 billion to $3.3 billion.