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RusHydro closed a bid book for the exchange-traded bonds of series BO-P04

PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) closed a bid book for the exchange-traded bonds of series BO-P04 in total amount of RUB 15 bn on March 30, 2016.

During marketing campaign the initial coupon rate (10.75-11.0%) was down to 10.5-10.75% with further reduction to 10.25-10.5% per annum. As a result of marketing campaign the coupon rate was set at 10.35% per annum – the lowest coupon rate among corporate marketable securities since June, 2014.

Nikolay Shulginov, Chairman of the Management Board – General Director of PJSC RusHydro, commented: “RusHydro is actively taking measures to improve the efficiency of the Group in all areas, including optimization of its debt portfolio. The achieved characteristics of new bond issue are a result of successful work of the Company in cooperation with the banks-partners on the bond market; they also demonstrate strengthening of the Russian financial market in the volatile economic environment”.

The date of technical placement of bonds is April 8, 2016.

VTB Capital, Sberbank CIB and Gazprombank act as lead managers of placement.

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.
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