OREANDA-NEWS. November 28, 2011. RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces that it has signed an agreement with Sberbank of Russia for a 2-year credit facility in the amount of up to RUR 40 bln., reported the press-centre of Sberbank.

The proceeds will be used primarily to finance company’s ongoing operations and investment program. “The facility from Sberbank with very attractive terms let the company increase its leverage in full accordance with this year’s plan despite worsening debt markets, and once again confirmed RusHydro’s reputation as a top quality borrower” – commented member of the Management Board Konstantin Bessmertniy.

"We’re glad with further cooperation between Sberbank and one of Russia’s largest electric utilities company – RusHydro, and expect strengthening of strategic partnership encompassing the whole specter of investment and commercial banking services" - commented Alexey Grenkov, Head of key client coverage, Key Corporate Clients Department.

Board of Directors of RusHydro approved raising up to RUR 40 bln of additional debt in 2011 on August 30, 2011. In April 2011, RusHydro succesfully placed two domestic 5-year bond issues for a total of RUR 15 bln.