OREANDA-NEWS. April 12, 2011. JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces the start of accepting bids for nonconvertible interest bearing 10-year ruble bonds of series 01 and 02 with a nominal volume RUR 10 billion each. The placement volume will total RUR 15 billion with one issue placed only in half. The put date is in 5 years.

The placement will be conducted via open subscription by collecting bids from investors at a fixed price and coupon rate for the first coupon period. The placement arrangements were approved by the Board of Directors July 29th, 2010.

The bond issues were registered by Russia's Federal Service for Financial Markets (FSFM) September 23rd, 2010 (State registration numbers 4-01-55038-E and 4-02-55038-E). The par value of each security is RUR 1,000. The bonds are subject to put option of 5 years.

Bids should be directed to Open Joint Stock Company Gazprombank that has been appointed underwriter of the placement starting from 11:00 April 11th, 2011 until 17:00 April 21st, 2011.

RusHydro's 2011-2015 business plan, as adopted by a resolution of the Company's Board of Directors March 18th, 2011, provides for increasing long-term borrowings in 2011 up to RUR 15 billion. Proceeds will be used to finance the Company's investments as well as to partially refinance the bond issue of JSC Management Company HydroOGK, which matures in June 2011.