ALROSA Co. Ltd. has mandated Citibank, N. A., London (Citibank), Societe Generale Corporate and Investment Banking, Paris (SG CIB) to arrange a US $ 100 million 3-year unsecured loan facility. Citibank and SC CIB are acting as Mandated Lead Arrangers, and SG CIB as Facility Agent.

The facility will be used to refinance the company’s short-term debt in line with ALROSA’s policy aimed at restructuring its corporate loan portfolio.

Under the mandate, the facility may be increased to $300 million through syndication in the international loan market.