OREANDA-NEWS. July 21, 2009. Sberbank of Russia (RTS: SBER, MICEX: SBER03) is opening for PSC VSMPO-AVISMA Corporation (RTS: VSMO, MICEX: VSMO) two nonrevolving credit lines limiting to a total of USD 165 mln for the periods of 5 and 1 year accordingly, reported the press-centre of VSMPO-AVISMA.

The Russian titanium company is planning to use the facilities for financing investment outlay and re-financing debt to other banks.

Today, Sberbank of Russia is also financing VSMPO-AVISMA requirements in current capital and production upgrade.

Sberbank of Russia and VSMPO-AVISMA Corporation consider opening new credit lines as another significant step forward to support Russian non-ferrous works.