Alrosa scores cheaper refi

Alrosa Diamond
By Bianca Boorer
06 Dec 2017

Russian diamond producer Alrosa has signed unsecured bilateral loans for $600m to refinance a previous loan at tighter pricing. It follows the trend of loosening loan structures as bankers get more comfortable with Russian risk.

The loans will be used to refinance a $720m facility that was due in 2019 and priced at 430bp over Libor.

The $600m was raised through two new bilateral loans of $350m from Raiffeisenbank and $250m from Société Générale’s Rosbank. Both facilities, which are due to mature on ...

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