ALROSA’s bd nods credit lines with VTB, Sberbank, Gazprombank

MOSCOW, Jun 26 (PRIME) -- The supervisory board of Russian diamond producer ALROSA has approved opening credit lines with VTB, Gazprombank and Sberbank, the company said in a statement on Wednesday.

VTB will open a revolving framework credit line with a limit of U.S. $300 million or an equivalent in the euros or rubles for three years, and an 18 billion ruble credit line for three years.

Gazprombank will open revolving credit lines with a limit of U.S. $300 million in any currency and 18 billion rubles for three years.

Sberbank will open a credit line with a limit of 6 billion rubles for three years, $300 million and 18 billion ruble credit lines for three years.

(62.5229 rubles – U.S. $1)

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