Certain changes have been introduced to BIAXPLEN’s management team with a view to improving the Company’s operations and boosting management efficiency.
On 26 July 2016, SIBUR Holding successfully closed the bookbuild for its Series 11 bonds in the amount of RUB 10 bn. With a coupon period of 182 days, the bonds have a tenor of 10 years and a put option in 3 years. The par value of the bonds is RUB 1,000 each. The offering price is 100% of the par value.
In the South Korean port of Ulsan, the first delivery of heavylift and oversized equipment has been made for ethylene cracker unit to be installed at the ZapSibNeftekhim polyolefin production facility, which is currently under construction.