RusHydro signs loan agreement with VTB
OREANDA-NEWS. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) has announced signing of loan agreement with PJSC VTB Bank regarding revolving loan facility for 15 years with limit of up to RUB 30 bn.
The agreement was signed based on results of open tender completed in the end of 2017 and enables RusHydro to apply for loans within the period of the agreement’s validity in order to raise credit resources at a short notice. Parameters of each loan would be determined at the time of the application.
Nikolay Shulginov, Chairman of the Management Board - General Director: “VTB and RusHydro have long experience of mutually beneficial cooperation both on transactions and loans. I’m sure that the agreement we have signed today will enable the Company to access credit resources on favorable terms”.Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board: “VTB Group is happy to offer RusHydro, our long-time partner, our full range of services and products. I’m convinced, that our cooperation is beneficial for development of the Russian utilities sector in general”.