Sberbank CIB Extends Loan Facility to RusHydro
OREANDA-NEWS. JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that it has signed an addendum to 2-year loan agreement with Sberbank CIB in the amount of RUR 40 bn signed in 2011, in order to reschedule the current loan and extend the payment period by 7 years to November 17, 2020.
In November 2013, the Company intends to partially repay the loan in the amount of RUR 20 bn, raised through placement of bonds of series 07 and 08 in February 2013.
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 36.5 GW, heat capacity - 16.2 thousand GCal/h.
Russian Federation owns 67.1% in RusHydro, the rest is held by other institutional and individual shareholders (over 360,000). The company's stock is traded on the MICEX and RTS stock exchanges, and included in MSCI EM , MSCI Russia indexes. Company's GDRs in the IOB section of LSE, ADRs - in OTCQX.
The Corporate & Investment Banking Business (Sberbank CIB) was created as part of the integration of Sberbank of Russia and Troika Dialog. Sberbank CIB's key areas of activity are corporate finance (including trade finance), the documentary business [i], investment banking services, trade operations with securities, and private equity. Sberbank of Russia's Corporate & Investment Banking Business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations.
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