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. Last Updated: 07/27/2016

Alrosa Could Get Debt Help From Government

The government may give sovereign bonds to diamond monopoly Alrosa to help the company manage its debt, Deputy Finance Minister Alexander Novak said, Vedomosti reported.

The bonds may be added to Alrosa’s share capital, the newspaper said. Alrosa may also issue bonds guaranteed by the government, Vedomosti said, citing an unidentified person at the company. Alrosa needs to restructure “slightly less” than 100 billion rubles ($3.3 billion) of debt that matures this year and next, Vedomosti said.

 (Bloomberg)