28 Mar 2011 10:51

RusHydro set to place 15 bln rubles worth of bonds soon

MOSCOW. March 28 (Interfax) - OJSC RusHydro , which operates the majority of Russia's hydroelectric power plants, is planning to raise 15 billion rubles - likely with Eurobonds - in the near future, company chief Yevgeny Dod told the press on Monday.

Asked how the money was to be raised, Dod responded, "Most likely with ruble-denominated Eurobonds." This is to be one 15-billion-ruble issue.

The company plans to finalize the selection of an issue-organizer on Monday, Dod said.

The company is also planning to raise another 15 billion rubles, Dod said. But he specified no timeframe for that.