Sanctioned Alrosa Makes Eurobond Payments in Roubles

By John Jeffay / July 20, 2022 / www.idexonline.com / Article Link

(IDEX Online) - Alrosa says it will make interest payments on two $500m Eurobonds in roubles after dollar payments proved to be "technically impossible".The Russian miner, sanctioned since the invasion of Ukraine in February, said in a statement yesterday that it was "fully committed" to its payment obligations.Corporations like Alrosa use Eurobonds - fixed-income debt instruments - to raise funds in a foreign currency. Many publicly-listed Russian companies have been unable to service their foreign debt, since they were blacklisted by the SWIFT financial messaging service, and have been forced into default.Pic shows diamond sorting at AlrosaAlrosa said it would be making coupon payments in roubles to fulfil Eurobond obligations that were due on 9 April and 22 June.

Recent News

Another 'Bubble Check' for the gold sector

September 08, 2025 / www.canadianminingreport.com

Gold stocks continue to hit new highs

September 08, 2025 / www.canadianminingreport.com

Some mining stocks exposed to Burkina Faso take major hit

September 02, 2025 / www.canadianminingreport.com

Gold stocks again hit new highs

September 02, 2025 / www.canadianminingreport.com

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok