Sberbank CIB Arranges Financing RusHydro in Amount of RUR 10.6 bln
OREANDA-NEWS. JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that Sberbank CIB arranged a 5-year loan in the amount of RUR 10.6 bn for RusHydro Group. The facility will be used to refinance liabilities of RAO ES of East Holding (part of RusHydro Group) owed to commercial banks, which will result in optimization of the company's debt portfolio by reducing the cost of borrowed financing and increased maturity of loans.
The loan agreement was approved by RusHydro's Board of Directors on December 3, 2013.
The transaction was prepared by Sberbank CIB together with Far Eastern and North Western Bank of Sberbank of Russia.
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