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.
US President Joe Biden and Iraqi Prime Minister Mustafa Al Qadimi signed an agreement on July 26 to formally end the USA's military presence in the country by the end of the year