Clarification regarding the coupon payment under RusHydro Eurobond issue due 2022 (payable on 28 March 2022)
RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) is undertaking all possible efforts to release coupon payment to the holders of RusHydro Capital Markets DAC Eurobond issue due 2022 including application to OFSI for the relevant license.
On March 24, 2022, PJSC RusHydro duly fulfilled its payment liabilities by transferring funds in the amount of RUB 812,500,000 for the subsequent coupon payment under RusHydro Capital Markets DAC Eurobond issue due 2022 (ISIN: XS1691350455).
However the funds duly received by the Principal Paying Agent were frozen subject to the UK Sanctions by the Office of Financial Sanctions Implementation (OFSI) introduced on March 24, 2022, and have not been transferred to the Noteholders.
On September 28, 2017, RusHydro placed a RUB 20 billion Eurobond issue (ISIN: XS1691350455) via RusHydro Capital Markets DAC. The coupon rate was set at 8.125% per annum for semi-annual payment. The LPNs are listed on the Global Exchange Market of the Irish Stock Exchange under Reg S.