Aeroflot sees no need for new borrowing for now, CFO says
Aeroflot does not see the need for new borrowing in the near future after creating a safety cushion ahead of the autumn season, CFO Andrey Chikhanchin said. "At the moment, we have about 100b roubles ($1.39b) in debt (excluding lease payments), while the account balances are quite large. The debt is mostly secured by the account balances," Chikhanchin said. The airline has 24 billion roubles of undrawn loans under state guarantees in reserve, Chikhanchin said. It has not experienced difficulty financing its activities during the summer but secured liquidity ahead of the traditionally difficult autumn season, he said. Aeroflot placed exchange-traded bonds amounting to 24.65b roubles at a rate of 8.35% in June, having initially planned to raise 15bat 9.15%.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-06-29/sky/aeroflot-sees-no-need-for-new-borrowing-for-now-cfo-says
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Aeroflot sees no need for new borrowing for now, CFO says
Aeroflot does not see the need for new borrowing in the near future after creating a safety cushion ahead of the autumn season, CFO Andrey Chikhanchin said. "At the moment, we have about 100b roubles ($1.39b) in debt (excluding lease payments), while the account balances are quite large. The debt is mostly secured by the account balances," Chikhanchin said. The airline has 24 billion roubles of undrawn loans under state guarantees in reserve, Chikhanchin said. It has not experienced difficulty financing its activities during the summer but secured liquidity ahead of the traditionally difficult autumn season, he said. Aeroflot placed exchange-traded bonds amounting to 24.65b roubles at a rate of 8.35% in June, having initially planned to raise 15bat 9.15%.<br/>
