Alfa Bank launched the evergreen credit line with $920mln in the limit, the Bank informed.
The credit line expires in 2018; the first tranche in the volume of $720mln being released for 3 years. The credit will be invested in the development of the production activity including exports and coverage of the debts.
ALROSA (TIN 1433000147) is one of the leading diamond producers in the world. It covers 97% of the total amount of the diamonds produced in Russia and about 25% in the world. The Company includes ECO ALROSA, ALROSA Diamonds, Aikhalsky, Mirninsky, Udachninsky and Nyurbinsky GOKs. The 2010-sales reached $3.483bn.
The Russian government holds 50.9%; Sakha Republic (Yakutia) government 40%. The share capital is equal to 3.682bn rub. split in 272726 common stocks of 13502.5 rub. par.
The 2013 net profit declined (IAS) 5% to 31.837bn rub. from 33.634bn rub. prior year; revenues rose 12% to 168.505bn rub. from 150.88bn rub.; EBITDA - 12% to 69.1bn rub.; the output moved up 7% to 36.9mln carat.
The 2013 net profit moved down (RAS) 10.21% to 35.601bn rub. from 39.651bn rub. prior year; revenues added 6.76% to come to 138.225bn rub. from 129.478bn rub.; profit from sales - 3.12% to 53.466bn rub. from 51.846bn rub.; pretax profit moved down 9.84% to 43.405bn rub. from 48.141bn rub.
"AK&M", 16:38, 06.05.2014 1251 AKM,COR