You're reading: Alrosa refinances Alfa-Bank credit for $720 million

MOSCOW - Alrosa has signed an agreement with Alfa-Bank on moving the deadline for the repayment of a credit for $720 million from 2017 to 2019, the diamond miner said.

As a result of the refinancing, the payment schedule for Alrosa’s debt for loans and borrowings in the amount of $2.69 billion is as follows: $370 million in 2017, $600 million in 2018, $720 million in 2019 and $1 billion in 2020.