Moscow, 5 November 2020 – ALROSA announces full repayment of its 2010 Eurobond.
On 3 November, ALROSA repaid its USD 494 million 10-year Eurobond from own funds. In 2018–2019, the Company redeemed part of this 2010 issue for a total of USD 506 million. With that, Alrosa’s USD 1 billion Eurobond issue with a coupon rate of 7.75% per annum placed in November 2010 have been fully repaid.
Thus, ALROSA has improved its loans and borrowings position to USD 2.3 billion.
ALROSA has two outstanding Eurobonds (issued in 2019 and 2020) for USD 500 million each with maturities in April 2024 and June 2027 and coupon rates of 4.65% and 3.1% per annum respectively. The Company enjoys investment grade ratings from three major international rating agencies – S&P Global Ratings (BBB-), Fitch Ratings (BBB-) and Moody’s (Baa2), all affirmed this June.