OREANDA-NEWS. November 22, 2011. JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces that it has signed an agreement with Sberbank of Russia for a 2-year credit facility in the amount of up to RUR 40 bln.

The proceeds will be used primarily to finance company's ongoing operations and investment program. "The facility from Sberbank on very attractive terms let the company increase its leverage in full accordance with this year's plan despite worsening debt markets, and once again confirmed RusHydro's reputation as a top quality borrower" - commented member of the Management Board Konstantin Bessmertniy.

"We're glad with further cooperation between Sberbank and one of Russia's largest electric utilities company - RusHydro, and expect strengthening of our strategic partnership", - commented Alexey Grenkov, Head of key client coverage of Sberbank.

Board of Directors of RusHydro approved raising up to RUR 40 bln of additional debt in 2011 on August 30, 2011. In April 2011, RusHydro succesfully placed two domestic 5-year bond issues for a total of RUR 15 bln.