printable version

Sberbank CIB arranged financing for RusHydro Group in the amount of RUR 10.6 bn

JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that Sberbank CIB arranged a 5-year loan in the amount of RUR 10.6 bn for RusHydro Group. The facility will be used to refinance liabilities of RAO ES of East Holding (part of RusHydro Group) owed to commercial banks, which will result in optimization of the company’s debt portfolio by reducing the cost of borrowed financing and increased maturity of loans.

The loan agreement was approved by RusHydro’s Board of Directors on December 3, 2013.

The transaction was prepared by Sberbank CIB together with Far Eastern and North Western Bank of Sberbank of Russia.

The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.
Your application has been accepted. The answer will be prepared and sent within 20 calendar days. ok