JSC RusHydro (MOEX, LSE: HYDR; OTCQX: RSHYY), announces that it has signed a guarantee agreement between RusHydro and VTB Bank under the 5-year loan facility in the amount of RUB 4.5 bn provided to JSC ‘Far-Eastern Generating Company’ (part of RusHydro Group), qualified as an interested-party transaction. Total transaction value (including the loan amount and total interest expense, accruing throughout the duration of the loan) is RUR 6,387,750,000 or 0.8% of the Company’s total assets. The loan facility provided by VTB Bank will be used to refinance current liabilities and improve the Company’s debt structure. The Board of Directors of RusHydro approved entering into the guarantee agreement with VTB Bank on October 15, 2013.
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