8 Jun 2017 07:58
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June 08, 2017
Notice of approval of terms of the exchange-traded bonds
PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the decision on approval of terms of the exchange-traded bonds of series BO-P05 has been made by the Chairman of the Management Board - General Director of PJSC RusHydro on June 07, 2017.
On June 07, 2017, RusHydro finished accepting bids for the exchange-traded bonds of series BO-P05 with mandatory centralized custody in the amount of 10 mn securities with par value of RUB 1,000 per one security. The securities will be placed through an open subscription in compliance with the exchange-traded bond program of PJSC RusHydro (registration number 4-55038-E-001P-02E of April 09, 2015, assigned by MOEX).
The price of placement of the exchange-traded bonds is set at RUB 1,000 per one security (100% of par value).
The start date of placement of the exchange-traded bonds should be defined by the Issuer after admission of securities at the time of their placement. Information about start date of placement of exchange-traded bonds defined by the Issuer shall be published by the Issuer in accordance with the procedure and within the period specified in item 11 of the Program and in compliance with the Russian legislation.
The Issuer shall notify the Stock Exchange and the National Settlement Depository once the start date of securities placement has been defined.
The date of completion of placement of the exchange-traded bonds should be the earliest of the following dates:
a) the third (3rd) Business Day after the start date of placement.
b) date of placement of the last exchange-traded bond of the issue.
The bonds mature in three years from the date of placement.
As a result of marketing campaign the coupon rate was set at 8.20% per annum. The bonds have 6 coupon periods. The duration of each coupon period is 182 days.
Coupon payment in accordance with the coupon rate of 8.20% per annum amounts to RUB 40,89 per bond. The amount of interest to be paid by the issuer on all bonds will be RUB 408 900 000.
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 38.9 GW, heat capacity - 16.2 thousand GCal/h.
Russian Federation owns 60.56% 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
ir@rushydro.ru
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.