electricity and the inability to compensate for lost income over the period of diminution in the demand for electricity
due to the limited amount of drawdown of reservoirs.
The Issuer's action plan for management of these risks:
This risk is minimized within the framework of conducting production and marketing activities of PJSC
RusHydro, including through the following activities
• Protection of the HPP’s interests at the Interdepartmental Operating Groups of the Federal Water Resources
Agency
• Execution of hedging bilateral agreements for the day-ahead market (including purchase of electric power as
collateral for obligations).
In accordance with the foregoing, the Issuer believes that the possible decline in the Issuer’s industry, adverse
changes in the operation and production process, and construction of own power supply facilities by large consumers
may affect the Issuer, but shall not substantially affect fulfilment of its obligations under its securities.
5. Risks related to possible changes of prices for raw materials and services used by the Issuer (separately on
domestic and foreign markets) and their influence on the Issuer’s activities and fulfilment of the obligations under
securities:
Foreign market:
Risks inherent in the volatility of global prices for raw materials and services used by the Issuer in its activity
have no impact on the Issuer's activity, as the share of import deliveries for the Issuer is insignificant.
Domestic market:
Since the key raw material for the Issuer during electricity generation is water resources, and no increase in the
water tax rate over the price for electricity is forecast, risks inherent in a possible change in the raw material price are
insignificant.
6. Risks inherent in a rise in prices for equipment and other material and technical resources used by the Issuer
in its activity:
Foreign market:
Risks inherent in volatility of global prices for equipment and other material and technical resources used by
the Issuer in its activity have no impact on the Issuer's activity, as the share of imports in equipment cost is
insignificant.
Domestic market:
These risks are principally due to inflation processes in the national economy and may be minimized by the
following measures:
• Improvement of operational efficiency by implementation of programs on reducing production costs and
making savings (creation of competition in the works and services procurement sector, contracting with a firm
contract price, optimization of repair and maintenance, capital construction costs, etc.)
• Implementation of a balanced financial policy as regards compliance with the payment discipline to mitigate
insolvency risks and procurement of financial stability of the Issuer and compliance with standards of business
planning
The risk shall not materially influence performance of the Issuer's obligations under securities.
7. Risks related to possible changes of prices for the Issuer’s products and/or services (separately on the
domestic and foreign markets), their influence on the Issuer’s activities and fulfilment of the obligations under
securities:
Foreign market:
The Issuer does not export electricity on the foreign market, so in this respect, risks inherent in a possible
change in prices for products and/or services on the foreign market are absent.
Domestic market:
The most significant risks for the Issuer are those related to possible decrease in sales prices for electric power
and capacity on the wholesale market. Realization of these risks leads to a decrease in revenue of the Issuer.
In present the above mentioned risk is assessed as being insignificant.
8. The influence of a possible decline in situation in the Issuer’s industry on its activities and fulfilment of
obligations under securities:
Foreign market:
The Issuer does not export electricity to the external market, and therefore the risks associated with a possible
worsening of the situation in the global power industry, which do not affect the Russian market, are missing for the
Issuer.
Domestic market:
144
The size of income, payable
under the bond issue, in terms of money in the aggregate for
all bonds of the issue, RUR. / foreign. currency
774 150 000 (Seven hundred and seventy four
million one hundred and fifty thousand) rubles.
Term (date) of payment of issue bond yield
The first coupon income paid on 06.10.2016
The form of payment of issue bond yield (cash, other
property)
Cash in the Russian Federation currency in cashless
The total amount of yield paid on all bonds of the issue,
RUR. / Foreign. currency
774 150 000,00 (seven hundred and seventy four
million one hundred and fifty thousand) rubles.
The share of paid income on bonds in the total amount
payable on issued bonds,%
100
Reasons for non-payment of income if the payable income on
bonds was not paid or paid by the issuer is not in full
-
Other information on bond income specified at the Issuer's
discretion
The maturity of the BO-P04 series of exchange bonds
is 3 years.
8.8. Other Information
Absent
8.9. Information on Underlying Securities and the Issuer of Underlying
Securities, Title to which is Certified by Russian Depositary Receipts
The Issuer is not the Issuer of Russian depositary receipts.
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