Russia's Alrosa gets $500 mln loan from Unicredit

MOSCOW, June 26 Wed Jun 26, 2013 5:23am EDT

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MOSCOW, June 26 (Reuters) - Russian diamond miner Alrosa has raised a $500-million loan from Unicredit bank to refinance its debt, the bank said in a statement on Wednesday.

The loan's current maturity of six months can be extended to one year, the bank added.

Alrosa is preparing for a share placement that could value the business at up to $15 billion. Its share sale, which the Russian government has been promising since the mid-2000s, is due to be carried out on the Moscow bourse in October or November. (Reporting by Polina Devitt)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.