OREANDA-NEWS. October 07, 2013. RusHydro and Sberbank CIB (Sberbank of Russia’s corporate and investment banking business) have entered into a supplemental agreement to the loan agreement concluded in 2011.

The supplemental agreement restructures RusHydro’s outstanding debt and extends the repayment period for the loan by seven years, until November 17, 2020.

Under the loan agreement RusHydro was provided a credit facility worth RUB 40 bln for two years. RusHydro plans to partially repay its debt to Sberbank in November 2013 by paying RUB 20 bln using funds obtained from the placement of its series 07 and 08 bonds in February 2013.