OREANDA-NEWS. October 31, 2011. Polyus Gold International Limited (LSE - PLGL, OTC (US) - PLZLY), an international company, the leading gold producer in Russia and one of the major producers of gold in Kazakhstan, announces signing of an agreement between its subsidiary CJSC Polyus, Societe Generale, a French Banking Corporation, and the Export-Import Bank of the United States (US ExIm Bank), reported the press-centre of Polyus Gold. 

Under agreement, Societe Generale provides loans in a total amount of  up to USD 67,5 million to CJSC Polyus for a medium term period. US ExIm Bank is acting as a guarantor of the loan. The signed agreement is a precedent transaction providing Polyus Group with access to long-term and low-cost financing for its ambitious investment program.

The agreement will allow CJSC Polyus using the borrowed funds to finance purchase of various types of mining, processing and transportation equipment and services.

Societe Generale is one of the largest European financial services groups. Societe Generale has been recognized as the leading arranger of export credit agency financing,  holding  top positions for the last ten years in the leading international poll of clients using export financing services.

Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.