By Wendy Van Sickle
Columbus, Ohio, July 8 – PJSC RusHydro completed a placement of RUB 15 billion of three-year stock exchange-traded bonds with a coupon of 11.85%, according to a Tuesday notice.
The three bond issues of RUB 5 billion each were placed through open subscription via fixed-price bids from buyers.
The securities were placed in compliance with the stock-exchange traded bond program of JSC RusHydro.
The company said proceeds will be used to refinance its RUB 20 billion issue placed in October 2010 to finance its investment program.
Sberbank CIB, VTB Capital and Raiffeisenbank are the lead managers in the placement.
RusHydro is a power generating company based in Moscow.
| Issuer: | PJSC RusHydro
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| Issue: | Exchange-traded bonds
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| Amount: | RUB 15 billion
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| Maturity: | Three years
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| Coupon: | 11.85%
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| Agents: | Sberbank CIB, VTB Capital and Raiffeisenbank
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