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VTB Capital announces a successful placement of $28,25 mln. Euro-Commercial Paper for ALROSA. The issue was placed among both international and local investors. The duration of the Notes is 6 – 12 months.
This is the third placement arranged by VTB Capital within the ECP Programme of Russia’s largest diamond company. VTB Capital was appointed as a dealer under the Programme in May 2009.
Andrey Solovyev, Global Head of Debt Capital Markets, VTB Capital, said: “The ECP Programme is an important part of ALROSA’s financial plan and we are glad to successfully contribute to its implementation. In less than 2 months we have arranged 3 ECP placements with total amount of $183,25 mln for the company. We are confident that our expertise and resources will foster further mutually-beneficial cooperation with ALROSA.”Press office firstname.lastname@example.org Head of Press Natalia Cherepova Natalia.Cherepova@vtbcapital.com
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