Financial policy
About us
We are building a world-class company, and our strategy aims both at leadership in terms of production volumes and at implementing the highest international standards in all ALROSA’s operations
To the section
Our business
ALROSA’s business relies on a strong resource base, efficient production processes, innovative technologies and international business standards
To the section
Sustainability
We strive to create a sustainable future by striking a balance between commercial and public interests
To the section
Investors
ALROSA aims at increasing its investment attractiveness by building open and respectful relationships with shareholders and the investment community
To the section
Clients
We guarantee the transparent and fair terms of access to rough diamonds for all customers
To the section
ALROSA Diamonds
Only natural diamonds and unmatched cut quality
To the section
Diamond jewelry
Only natural diamonds in exquisite jewelry pieces
To the section
Media
We are always happy to talk about our activities and answer reporters’ questions
To the section

Financial policy

 Main PageInvestorsFor debt investorsFinancial policy

The Company is committed to a balanced liquidity management strategy to support and develop its operations. Its primary liquidity sources are cash and liquid financial instruments, as well as guaranteed and non-guaranteed credit facilities.

When defining optimal debt level, the Company targets the last twelve months net debt1 to EBITDA2 ratio of 0.5x—1.0x.

The Company also seeks to minimise the weighted average cost of capital3 through an optimum debt to equity balance.

To minimise the cost of borrowing, the Company seeks to remain active in debt capital markets and meet its target financial and economic metrics required to maintain an investment-grade credit rating (BBB- or above as per S&P rating agency scale), including an the last twelve months net debt / EBITDA ratio at 1.5x or below.

Key borrowing terms are:

— currency — US dollars;

— weighted average maturity 

— 3-4 years.

1 Net debt is total debt less cash and cash equivalents.
2 EBITDA is the Company’s earnings before interest, taxes, depreciation and amortisation.
3 Weighted average cost of capital (WACC) is the cost of equity and debt used to finance the Company’s activities.
News
PJSC "ALROSA" ANNOUNCES ADJOURNED MEETING ON CONSENT SOLICITATION IN RESPECT OF OUTSTANDING US$500,000,000 3.1% GUARANTEED NOTES DUE 2027
20 Jun 2024
ACRA assigns ALROSA the highest credit rating of AAA
4 Jun 2024
For the attention of Eurobond holders: payments under Decree No. 198 of 19 March 2024.
24 May 2024
All news