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

Gold stocks decline as metal price drops

June 29, 2026 / www.canadianminingreport.com

Tech takes a hit on South Korea semiconductor decline

June 29, 2026 / www.canadianminingreport.com

Gold stocks rise even as metal drops for second week

June 22, 2026 / www.canadianminingreport.com

Base outperform precious metals in slowdown from 2025 boom

June 22, 2026 / www.canadianminingreport.com

Mining stocks not looking expensive versus returns

June 15, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok