ALROSA, Russia's largest diamond producer, is considering the possibility of issuing Eurobonds totaling up to $300m in 2004, Fyodor Andreyev, the Vice President of the company, declared. He pointed out that Eurobonds would have from 7 to 10 years maturity. He also specified that the company was not planning new loans. All credits, including the recent $500m Eurobond issue maturing in 5 years will be used to restructure the credit portfolio, which currently amounts to $1.1bn, the Vice President said. The raised funds will be also spent on paying off short-term credits given by Russian banks.
As reported earlier, ALROSA issued Eurobonds totaling $500m on April 29, 2003 instead of the planned $300m.
Malaysia needs Russia's assistance in maintaining and repairing Su-30MKM fighter jets
Posters for the play "Adam and Eve. Life after Paradise" with pictures of dancers Arsen Aghamalyan and Oksana Vasilyeva were banned in the city of Tver, Central Russia