RusHydro plans to borrow 80 bln rubles in 2018
MOSCOW. Dec 19 (Interfax) - RusHydro plans to borrow 80 billion rubles in 2018, Andrei Kazachenkov, a member of the management board, said at an Investor Day.
"We expect there'll be a lot of borrowing next year - 80 billion rubles," he said, adding that some of this would be needed to finance the investment program and to refinance existing debt. The company has plans to increase the weighted-average repayment period and lower the weighted-average interest rate, he said.
Group debt was 213.5 billion rubles at end-October. The 2018 investment program is 115.2 billion rubles.