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ALROSA

August 2, 2004

Moscow Narodny Bank has increased its credit to the ALROSA Company to USD90 mln

Moscow Narodny Bank (London) has increased its earlier arranged USD50 mln credit facility to the ALROSA Company  up to USD90 mln. The facility has a two-year tenor without any security  by the company. The increase was due to growing interest among banking institutions in financing ALROSA projects, which has established itself as a reliable borrower in both Russian and international financial markets.

 

 

 

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