March 12, 2018 / 1:24 PM / 2 months ago

Russia's Alrosa pays off $450 mln in bank loans

MOSCOW, March 12 (Reuters) - Russian diamond miner Alrosa said on Monday it had paid off $450 million in bank loans and reduced its debt by over 27 percent to $1.17 billion.

Alrosa said it had paid $200 million to Raiffeisen bank and $250 million to Russia’s Rosbank. (Reporting by Jack Stubbs Writing by Maria Tsvetkova Editing Jack Stubbs)

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