JSC RusHydro (92XY) - RusHydro postpones the placement of domestic bonds
RNS Number : 7398Q
09 November 2012
RusHydro postpones the placement of RUR 40 bn of domestic bonds
November 09, 2012. JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX:
RSHYY) announces that yesterday the Federal Financial Markets Service of
Russia has registered the report on the results of the Company's bonds issue:
the four domestic bond issues valid for 1 year since their registration have
The Company decided not to place the securities due to unfavorable market
conditions. At the same time, RusHydro doesn't rule out raising debt if the
market conditions improve.
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 35.2 GW, heat capacity -
16.2 thousand GCal/h.
Russian Federation owns 60.5% in RusHydro, the rest is held by other
institutional and individual shareholders (over 360,000). The company's stock
is traded on the MICEX and RTS stock exchanges, and included in MSCI EM и MSCI
Russia indexes. Company's GDRs in the IOB section of LSE, ADRs - in OTCQX.
For more information:
JSC RusHydro, Investor Relations Department
Tel. +7 (495) 225-3232 ext. 1319, 1394, 1607
The information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of RusHydro. You can identify forward looking statements by terms
such as "expect," "believe," "anticipate," "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 conditions, our
competitive environment, risks associated with operating in Russia, rapid
technological and market change in our industries, as well as many other risks
specifically related to RusHydro and its operations.
This information is provided by RNS
The company news service from the London Stock Exchange
STRBKCDPPBDKNDK -0- Nov/09/2012 07:00 GMT
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