Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

RusHydro signed loan agreement with VTB Bank

25th Jun 2015 16:13

RNS Number : 2772R
JSC RusHydro
25 June 2015
 



June 25, 2015

 

RusHydro has signed a loan agreement with VTB Bank

JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) signed a 5-year loan agreement with VTB Bank in the amount of RUB 30 bn, qualified as an interested-party transaction. The facility may be used to finance current operating and investment activities of the Company.

Total amount of transaction will not exceed RUB 48,855,000,000 (5.63% of the Company's assets value as of March 31, 2015).

The transaction was approved by the Annual General Meeting of shareholders (AGM) of RusHydro on June 27, 2014.

About RusHydro

RusHydro Group is one of Russia's largest generating companies. RusHydro is the leading producer of renewable energy in Russia with over 70 generating facilities in Russia and abroad. The company also manages a number of R&D, engineering and electricity retail companies. Group's thermal assets are operated by subsidiary - RAO Energy System of East in the Far East of Russia. Total electricity generation capacity of the Group is 38.5 GW, heat capacity - 16.2 thousand GCal/h.

Russian Federation owns 66.8% in RusHydro, the rest is held by other institutional and individual shareholders (over 360,000). The company's stock is traded on Moscow Exchange (MOEX), and included in MSCI EM и MSCI Russia indexes. Company's GDRs in the IOB section of LSE, ADRs - in OTCQX.

 

For more information:

Investor Relations Department

Tel. +7 (800) 333 8000 ext. 1607, 1319, 1304

[email protected]

 

DISCLAIMER

The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. One can identify forward-looking statements by terms such as "expect," "believe," "anticipate," "plan", "aim", "target", "forecast", "project", "should", "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 and political conditions, our competitive environment, risks associated with operating in Russia and rapid technological and market changes in our industries, as well as many other risks specifically related to RusHydro and its operations.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
STRBUGDLGBDBGUU

Related Shares:

HYDR.L
FTSE 100 Latest
Value9,120.31
Change-18.06