RusHydro opens bid book for RUB 10 bn of bonds
JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces the start of accepting bids for non-convertible interest-bearing bonds of series 09 with mandatory centralized custody in the amount of 10 mn securities with par value of RUB 1,000 per bond and total par value of RUB 10 bn. The bonds mature in 10 years from the date of placement. The bonds are subject to put option in 2.5 years.
The securities will be placed through an open subscription by collecting bids from investors at a fixed price and coupon rate for the first coupon period in compliance with the decision on securities issue and Prospectus. Sberbank CIB has been retained as a technical underwriter of placement.
The bids should be submitted to Sberbank CIB and VTB Capital from 11:00 till 16:00 Moscow time on April 22, 2015.
After the bid book closing the Company will determine the amount of issue to be placed and the coupon rate. The preliminary date of bonds placement at the MOEX is April 28, 2015.
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.
Shares / ADR