Alrosa has recently taken a number of steps to improve its liquidity postion, a statement released by the miner said, thus ensuring repayment sources for short-term loans and borrowings to mitigate debt market access risks in 2015.

The steps taken by the company include loan repayment rescheduling and a new loan towards repayments of bonds maturing shorlty.

According to the statement, as of Dec 1, 2014 Alrosa had $3.6 bn of bank loans and public debt instruments, including debt maturing in 2015: $600 mln of loans from JSC VTB Bank, RUB 20 bn of commercial ruble bonds, series 20–23, and exchange-traded ruble bonds, series BO-01 and BO-02.

While the company extended the repayment terms of outstanding loan contracts worth $600 mln with JSC VTB Bank till 2018, it also signed a $300 mln loan contract with ZAO UniCredit Bank maturing in 2017 which will be used for the repayment of commercial ruble bonds, series 20–23, and exchange-traded ruble bonds, series BO-01 and BO-02.