Zapsibneftekhim will be the largest modern petrochemical complex in Russia. The Central Bank of the Russian Federation on October 22, registered the first bonds of the limited liability company.
MOSCOW, 23 Oct. The Central Bank of the Russian Federation on October 22, registered the first bonds of OOO “West Siberian Petrochemical Plant” (Zapsibneftekhim), stated on the website of the Central Bank.
“To register the issue and prospectus of non-convertible interest-bearing documentary bearer bonds of 01 series of limited liability company “West-Siberian Petrochemical Plant” (Tyumen region), placed through private subscription, the issue of securities to assign state registration number 4-01-36486-R”, — stated in the message.
In June, the consortium comprising the Russian direct investment Fund (RDIF) and leading international investors have agreed to invest in the construction of huge integrated petrochemical complex of the company “SIBUR”—”:”.
On Tuesday, principal owner of SIBUR to Leonid Mikhelson said that he expects to flow through RDIF funds of the national welfare Fund (NWF) for the project within one to two months. A source familiar with the situation, explained that funds will be provided through the redemption of the bonds “of:”.
SIBUR also earlier reported that total investment in the project amounts to 9.5 billion dollars, of which up to 1.75 billion may be borrowed from the NWF under the quota RDIF as debt financing. In addition, to 3.3 billion dollars will ensure international co-investors, RDIF and commercial banks.
Zapsibneftekhim will be the largest modern petrochemical complex in Russia. The project involves the construction of the unit capacity of 1.5 million tons of ethylene, about 500 thousand tons of polypropylene and 100 thousand tons of butane-butylene fraction per year installations for the production of various grades of polyethylene and polypropylene with total capacity of 2 million tons per year.