ALROSA to issue Eurobonds in April

26.03.2003 11:36

In April ALROSA will issue Eurobonds totaling $300m and maturing in 5 years, ALROSA President Vladimir Kalitin declared at a news conference in Moscow today. The London bank IMG will be the underwriter of the issue.

In accordance with the company's 5-year development plan, the amount of credit resources to be taken will be $2.3bn, including $1.1bn in loans. At present, the share of long-term credits in the structure the company's borrowings is 50 percent.

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