Sberbank loans $298m to Nitol on polysilicon complex
Irkutsk region chemical company Nitol has opened two lines of credit worth a total of $298m with Sberbank, the bank reports.
The funds are reportedly loaned for up to seven years, the interest rate has yet to be disclosed.
Under plans, the funds are to be invested into construction of a complex to produce silicon polycrystal in the town of Usolye-Sibirskoye, carried out in cooperation with state corporation Rusnano.