UC RUSAL says debt standstill extended until end-Oct

* Plans to complete all restructuring procedures by end-Oct * Expects to complete talks with Russian banks by end-Sept MOSCOW, Sept 18 (Reuters) - United Company RUSAL, the world's largest aluminium producer, has agreed another extension to the deadline for restructuring its debt repayment to foreign and Russian banks, RUSAL said on Friday. RUSAL said in a statement it had agreed to extend a standstill agreement on debt repayment to banks until the end of October from Sept. 18, but did not provide the total sum of debt. RUSAL officials could not be immediately reached for comment The statement said UC RUSAL, controlled by businessman Oleg Deripaska, expected to complete negotiations with Russian creditor banks by the end of September. "By the end of October, RUSAL and its lenders intend to complete all the procedures on restructuring," the company said. Earlier this week, senior bankers told Reuters RUSAL's deadline to restructure $7.3 billion of debt to foreign banks will be extended. RUSAL, controlled by Russian magnate Oleg Deripaska, and the coordinating committee representing the company's banks presented the restructuring proposal to 70 international lenders at the end of July, setting a Sept. 18 deadline for agreement. RUSAL owes some $4.5 billion to state-run VEB bank and $2.1 billion to other Russian banks. (Reporting by Aleksandras Budrys; Editing by David Cowell)