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St. Petersburg International Economic Forum 2016

Alrosa will refinance two loans worth over $1 bln in 2017

Russia’s largest diamond producer plans to partially repay $1 bln next year and the rest will be refinanced due in 2018

ST. PETERSBURG, June 17. /TASS/. Russia’s largest diamond producer Alrosa will partially refinance two loans totally worth more than $1 bln in 2017, the company’s President Andrei Zharkov told TASS at the St. Petersburg International Economic Forum (SPIEF-2016).

"Next year we plan to refinance two bank loans totally worth more than $1 bln. Part of them will be refinanced, we’ve already agreed the terms, and the current credit terms will be extended," he said. "On the whole we plan to partially repay $1 bln, with the rest to be refinanced due in 2018. And we also have Eurobonds worth $1 bln left due in 2020," he added.

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