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Agreements on project financing for RusVinyl to be signed on June 17

June 15/2011

(SIBUR) -- On June 17, 2011 at 12:30 p.m. Moscow time and 9:30 a.m. London time (BST) at the Press Centre of the St. Petersburg International Economic Forum (Pavilion 6, Conference Room 6.3), agreements will be signed for the project funding of RusVinyl LLC, under guarantees by the export credit agencies of France and Belgium.


The bank syndicate providing the financing includes Sberbank of Russia, the European Bank for Reconstruction and Development, BNP PARIBAS, ING Bank N.V. and HSBC France.


RusVinyl LLC is a joint venture between SIBUR, the leading petrochemicals producer in Russia, CIS and Eastern Europe and SolVin (a joint venture of Solvay and BASF), which is building a complex for PVC production with a capacity of 330,000 tonnes per annum in the Kstovo District of the Nizhny Novgorod Region.


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