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RusHydro became the winner of the annual Cbonds Awards 2018

December 10, 2018. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that its February ruble-denominated Eurobond issue ranked first at the annual Cbonds Awards 2018 in the nomination “Best primary Eurobond deal”.

For two consecutive years, RusHydro has ranked first. The ceremony as well as the vote count took place in St. Petersburg during the XVI Russian Bond Congress.

RusHydro constantly improves operational efficiency and financial stability including through optimization of its debt portfolio. Improvement of the company’s financial profile along with upgrade of credit ratings to sovereign level helped raise funds at optimal terms at the lowest interest rates.

During 2018, RusHydro has successfully placed three Eurobonds issues. In February, the Company has arranged 20 bn Eurobonds in rubles maturing in 3 years with a 7.4% coupon, a historic minimum rate for ruble-denominated Eurobonds among Russian corporate issuers. In November, RusHydro has placed two issues including renminbi-denominated 1.5 bn Eurobonds (dim sum bonds) at 6.125% per annum with 3 years maturity and 15 bn ruble-denominated Eurobonds with three years and two months maturity at 8.975% per annum. All Company’s issues of securities received high demand from foreign investors represented mainly by Asia-Pacific region. The following ratings have been assigned to the issues: Fitch Ratings: BBB- / S&P: BBB- / Moody’s: Ba1 / ACRA: AAA(RU). VTB Capital, Gazprombank, J.P. Morgan, Sberbank CIB acted as join lead managers on the ruble issues while VTB Capital, Gazprombank and J.P. Morgan acted as joint lead manahers on the renminbi issue.

In December 2017 RusHydro also took Cbonds Award in the nomination “The best deal in rubles on the international market” following September placement of 20 bn 8.125% ruble-denominated Eurobonds with 5 years maturity.

The Russian Bond Conference is held since 2003, and is Russia’s largest conference in the debt securities market, and one of the major events in financial markets. Russian Bond Congress presents the opportunity to engage with professionals from both, local and international debt markets.

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 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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