February 9, 2018. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces closing and settlement of RUB-denominated loan participation notes (LPNs or Eurobonds) in the amount of RUB 20 bn.

RusHydro is the first of the Russian corporates to issue RUB-denominated LPNs in 2018. International investors welcomed the placement of RusHydro’s eurobonds, as the demand was almost four times the necessary threshold volume issue of RUB 20 bn. The final bid book was allocated evenly between international and Russian investors. International investors’ share represented 2/3 of the issue volume.

Initial coupon rate target of 7.8% p.a. was reduced three times. Final coupon rate of the new issue of the 3-year ruble-denominated loan-participation notes was set at 7.4%, a historical low for RUB-denominated eurobonds issued by Russian corporates.
Nikolay Shulginov, Chairman of the Management Board – General Director: “High interest in this Eurobonds issue demonstrated by both international and Russian investors is supported by a record low rate as compared to similar placements. Now it is very important for us to improve our operational and investment efficiency, including through raising funds by issuing eurobonds. Also, the very fact of successful placement of the second eurobonds issue within six months further emphasizes investors’ trust in RusHydro Group”.