Alrosa Raises $500M Loan
- Jun. 26 2013 20:40
- Last edited 20:40
Russian diamond miner Alrosa has raised a $500 million loan from UniCredit bank to refinance its debt, the bank said in a statement Wednesday.
The loan's current maturity of six months can be extended to one year, the bank said.
Alrosa is preparing for a share placement that could value the business at up to $15 billion. Its share sale, which the Russian government has been promising since the mid-2000s, is due to be carried out on the Moscow exchange in October or November.