March 12, 2018 / 1:20 PM / 3 months ago

Russia's Alrosa pays off $450 million in bank loans

MOSCOW (Reuters) - Russian diamond miner Alrosa (ALRS.MM) said on Monday it had paid off $450 million in bank loans and reduced its debt by over 27 percent to $1.17 billion.

Alrosa said it had paid $200 million to Raiffeisen bank and $250 million to Russia’s Rosbank.

Reporting by Jack Stubbs; Writing by Maria Tsvetkova; Editing Jack Stubbs

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