The company repaid the loan in advance through cash generated from its operations. The move will allow the Russian miner to reduce its loans and borrowings to $3.2bn from $3.3bn.
Alrosa is due to repay in October this year, ruble bonds series BO-01 and BO-02 which were placed in last year, totaling RUB10bn ($168m).
The company plans to repay the bonds from cash currently accumulated on bank deposits worth over RUB28bn ($470m).
Alrosa Group operates across nine countries and ten regions of Russia. It was established by the decree of the President of the Russian Federation via the establishment of the joint stock company Almazy Rossii – Sakha in February 1992.
The company accounts for over 25% of worldwide diamond production in terms of carats. It accounts for 95% of Russia’s overall diamond output.
Last year, Alrosa Group’s enterprises produced 36.2 million carats of rough diamonds.
