RUSAL agrees $7.5 bln debt overhaul terms-paper

MOSCOW, Feb 12 (Reuters) - United Company RUSAL, the aluminium producer controlled by Russian businessman Oleg Deripaska, has agreed with banks on the conditions for restructuring $7.5 billion in debt, Kommersant newspaper reported on Thursday. The paper, citing a document on the restructuring that has been submitted by Deripaska to the Russian government, said UC RUSAL hoped to delay payment on some of the debt and then possibly link payments to aluminium prices. A UC RUSAL spokeswoman did not answer phone calls made by Reuters seeking comment on the report. Banks have asked UC RUSAL to provide a letter from the government saying it supports the company's plans, the paper said. Kommersant said UC RUSAL needed to pay $8.1 billion from February to December. Of that, $1.8 billion is owed to international banks, $4.8 billion to Russian state corporation VEB and another $1.5 billion to other Russian banks. The paper said UC RUSAL in December asked international banks to place a moratorium on about $1.6 billion in debt and start talks on restructuring. It said RUSAL owed a total of $5.8 billion to Russian state banks out of a total of $6.6 billion owed to Russian banks. It also said Deripaska's debts were estimated at $27 billion to $28 billion.