ALROSA Pays Off $350 Million Loan to Russian Bank

Finance and Trade
26/05/2016 12:16

Russian diamond mining giant ALROSA announced that it today (Thursday) repaid a $350 million bank loan to JSC Alfa-Bank which it received in May 2014. ALROSA paid back the bank loan with its own cash funds, thus reducing its debt on loans and borrowings to $2.7 billion. ALROSA has made it a priority in recent years to cut down its outstanding loans.