Bond Market Highlights: Diamond mining corporation Alrosa plans bond issue
Russian diamond mining corporation Alrosa (“Алроса”) plans to arrange U.S. dollar denominated bond issue.
The company will hold a series of meetings with investors starting from 20 October; more detailed information on the upcoming issue will be made available afterwards. Alrosa is the world’s second biggest diamond mining company specializing in diamond exploration and mining, sales of rough diamonds and polished diamond manufacturing. Recently Fitch upgraded the company’s rating to BB-; outlook stable. The current yields-to-maturity (YTMs) is as follows: Alrosa'2014 (USD) – 5.6%.
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