February 28, 2017 / 12:45 PM / 5 months ago

BRIEF-Alrosa repays $600 mln of debt to VTB ahead of schedule

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MOSCOW, Feb 28 (Reuters) - Russian diamond miner Alrosa says:

* Paid $600 million of loan to VTB Bank, Russia's second largest lender, ahead of schedule;

* The loan was received from VTB in 2012 and then extended in 2014 until October 2018.

* As a result of the repayment, Alrosa reduced its gross debt to $1.7 billion from $2.3 billion, while its average interest rate decreased to 6.3 percent from 6.6 percent. Further company coverage: (Reporting by Moscow Newsroom)

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