Reuters logo
Alrosa to seek up to $1 bln in ECP loans-report
March 14, 2012 / 9:18 AM / 6 years ago

Alrosa to seek up to $1 bln in ECP loans-report

MOSCOW, March 14 (Reuters) - Russian state-owned diamond miner Alrosa plans is planning to raise up to $1 billion in two tranches of Eurocommercial paper issues (ECP), Alfa Bank said in a research note on Wednesday.

“On March 25-26, Alrosa plans to close the deal for placing two tranches of Eurocommercial paper with a maturity of 9 and 12 months,” the report said, adding that the deal was opened on Tuesday.

According to Alfa Bank the yield guidance for the nine-month paper was set at 4.25 percent and at 4.375-4.5 percent for the 12-month bills. Goldman Sachs, UBS and VTB Capital are arranging the deal.

Alrosa declined to comment.

Reporting by Katya Golubkova and Polina Devitt; Editing by Greg Mahlich

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below