The company will primarily use the proceeds to finance its ongoing operations and investment program.
RusHydro management board member Konstantin Bessmertniy said 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.
The board of directors of RusHydro approved raising up to RUB40bn of additional debt in 2011 on 30 August 2011.
