By Sarah Lizee
Olympia, Wash., Sept. 29 – PJSC RusHydro sold RUB 20 billion of 8 1/8% loan participation notes due 2022, according to a filing with the London Stock Exchange.
VTB Capital plc, Gazprombank, J.P. Morgan and Sberbank CIB were the bookrunners.
The notes were sold through RusHydro Capital Markets DAC which will use the proceeds to finance a loan to PJSC RusHydro, which will then use the funds to refinance its current loan portfolio and to finance its investment program. Proceeds will also be used for general corporate purposes.
The notes will be listed on the global exchange market of the Irish Stock Exchange.
RusHydro is a Moscow-based electricity generating company that operates renewable and thermal power plants.
| Issuer: | RusHydro Capital Markets DAC
|
| Issue: | Loan participation notes
|
| Amount: | RUB 20 billion
|
| Maturity: | Five years
|
| Coupon: | 8 1/8%
|
| Announcement date: | Sept. 29
|
| Ratings: | Moody’s: Ba1
|
| S&P: BB+
|
| Fitch: BB+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
