RusHydro exchange traded bonds listed on Micex
June 14, 2017. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that on June 9 its exchange traded bonds of series BO-P05 have been listed in Level 1 of Moex quotation list. Placement of the issue will begin on June 16, 2017. Total amount of the issue to be placed is 10 mn bonds at RUB 1,000 each. Identification number of the issue is 4В02-05-55038-Е-001P of 09.06.2017.
On June RusHydro has successfully closed the bid book on exchange-traded bonds series BO-05. The offering was welcomed by high demand from broad range of investors – the issue was oversubscribed 5 times. Due to favorable timing marketing interval had been narrowed from initial 8.5-8.65% to 8.2-8.25%. The final coupon rate on the 3-year exchange-traded bonds was set at 8.20% per annum – the lowest among corporate bonds since June 2014.
VTB Capital, Gazprombank and Sberbank CIB act as issue organizers, Bank Rossiya as co-organizer.
The bonds have 6 coupon periods. The duration of each coupon period is 182 days. Total amount of interest to be paid by the issuer on all bonds will be RUB 408,900,000.
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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