OREANDA-NEWS. August 24, 2011. Sviaz-Bank has entered into an agreement with KuybyshevAzot OJSC for a nonrevolving line of credit, with a drawdown limit of 500 million rubles, to be opened to the company, reported the press-centre of Sviaz-Bank.

The credit line has a drawdown period of 36 months, and the company plans to use the borrowed funds to increase its working capital.

Cooperation between Sviaz-Bank and KuybyshevAzot OJSC began in 2010 and is developing successfully this year as well.

KuybyshevAzot OJSC is a leading company of the Russian chemical industry. Its plant is among the top major manufacturers of chemical products in the world and is first in the CIS for caprolactam production.