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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.