PJSC ALROSA signed an agreement with JSC Alfa-Bank “to postpone the maturity date of loan in amount of $ 720 million from 2017 to 2019,” the Company announced recently.

As a result, the maturity date of the loan taken in 2014 has been postponed from April 28, 2017 to July 01, 2019. The annual interest rate of 4.3% remains unchanged.

 ALROSA, spelling out its repayment schedule for debt on loans and borrowings amounting to US$ 2,690 mln, announced the following dates:  US $ 370 million to be paid  in 2017; US$ 600 million  in 2018; and US$ 720 million  in 2019;  and US$ 1,000 million  in 2020.

Commenting on the signing of agreement, Igor Kulichik, CFO, Vice President of ALROSA, said: "Refinancing of JSC Alfa-Bank loan enables (us) to optimise the Company's debt repayment schedule. ALROSA consistently implements the liquidity management balanced policy by ensuring repayment sources for debt on loans and borrowings well in advance.”