Alrosa reduces share of short-term debt to 6%
MOSCOW. Nov 15 (Interfax) - CJSC Alrosa , Russia's Yakutia-based diamond monopoly, has reduced it share of short-term debt to 6%, the company said in a statement.
The company's total debt currently comes to 100.65 billion rubles (94% of the company's debt is long term). At the end of the first half of 2010, the company's long-term debt came to 61% and 20% at the end of 2009.
Alrosa's program for restructuring its short-term debt included the placement of ruble-based bonds totalling 26 billion rubles with a maturation period of five years, as well as the placement of $1 billion in Eurobonds for a period of 10 years.