Diamond News – Financing: Russian diamond miner Alrosa plans to issue bonds worth 44 billion rubles (US$1.5 billion) in the second quarter of 2010. The diamond company may also issue a Eurobond issue in the final quarter of 2010, depending on the situation in the global economy.

Alrosa had debts of $5.1 billion at the end of July. Since embarking on measures to reduce the company’s debt burden and improve the quality of its prevailing debt portfolio, Alrosa will end in 2009 with debts of about $3.8 billion.

The company plans to continue to work to reduce its total debt and lower interest rates on credit and loans, throughout the coming year.

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