Sberbank CIB opens rub 42 bn credit line for SIBUR

Pavel Malyi, CFO of SIBUR, said: "SIBUR and Sberbank CIB’s facility agreement is yet another affirmation of SIBUR's creditworthiness. This long-term financing was raised as part of our continued efforts to improve our loan portfolio and ensure reliable access to long-term liquidity, which will increase the Company’s financial sustainability."

Kirill Polishkin, Acting Head of Sberbank CIB’s Client Management Department said: "The deal is a logical step forward given our long-standing and productive partnership with SIBUR. We value our relationship with one of the country's largest petrochemical companies and consistently support our client's projects by providing them with the full range of financial solutions and services".