9 Dec 2009 10:20

Alrosa plans to issue ruble, foreign currency bonds in 2010 to refinance debt

MOSCOW. Dec 9 (Interfax) - Russian diamond monopoly Alrosa plans to issue ruble and foreign currency obligations in 2010 to refinance debt, the company said in a statement.

"Alrosa is refinancing short-term debt in 2010 with long-term ruble and foreign currency obligations. The debt target for loans as of January 1, 2011 is $3.284 billion," the statement says.