RusHydro has Successfully Placed Pioneering Ruble-Denominated Eurobonds
October, 28, 2010 RusHydro (ticker symbols: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces that LPN (Loan Participation Notes) issued by the special purpose vehicle (SPV) RusHydro Finance Ltd have been successfully placed today. The proceeds of the LPNs will be used to fund a loan facility for JSC RusHydro to finance the Company's investment program and operating activities. The volume of the issue is RUR 20 billion. The LPNs mature in 5 years and have a coupon rate of 7.875% per annum. The issue received the following ratings: S&P: BB+ / Moody's: Ba1 / Fitch: BB+. The consortium of underwriters and bookrunners included: J.P. Morgan, Gazprombank, and Troika Dialog. The instrument is listed at London Stock Exchange under Reg S rule. This is the first ruble-denominated Eurobond issued by a Russian corporation.
The information provided within this press-release is of limited access and should not be disclosed, published or distributed in USA, Canada, Australia or Japan.
The information provided within this press-release is not the offer or the invitation for an offer of the mentioned instruments. Particularly the information provided within this press-release is of limited access and should not be disclosed, published or distributed in Canada, Australia or Japan/ Public offering and public sale of the instrument is not arranged in USA. The instrument offered outside USA is regulated under Reg-S rule (in accordance with USA Securities Act dated 1933) with annexations and amendments.
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