OREANDA-NEWS. On 29 July 2015 ALROSA repaid in advance the $85 mln bank loan payable to VTB Bank (Austria) AG in April 2016.

The bank loan was repaid through the Company’s cash from operations. As a result, ALROSA reduced loans and borrowings from $3.3 bn to $3.2 bn.

In October 2015, ALROSA is set to repay ruble bonds series BO-01 and BO-02 placed in October 2012 totaling RUB 10 bn. ALROSA plans to repay these bonds from cash currently accumulated on bank deposits worth of more than RUB 28 bn.