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State registration number and registration date: 4В02-03-55038-E-001Р dated July 3, 2015
Terms and conditions of liability and information on its execution
Name and location or full name of the creditor
(lender)
Transferees of securities of the issue
Principal debt
as at the date of liabilities,
RUB/foreign currency
RUB 5,000,000,000
Principal debt as at the end of the reporting quarter,
RUB/foreign currency
RUB 5,000,000,000
Credit (loan) period, (years)
3
Average interest
on credit, loan, % per annum
11.85
Number of interest (coupon) periods
6
Delays in payment of interest on credit (loan), and
total number of such delays and duration thereof in
days (if any)
None
Scheduled credit (loan) payment period (date)
July 4, 2018
Actual credit (loan) payment period (date)
existing
Other information on liabilities specified at the
Issuer's discretion
None
2.3.3. Liabilities of the Issuer under Security it provides
Information shall be disclosed on the total amount of security provided by the Issuer (amount of
outstanding obligations for which the Issuer provided security if, in accordance with conditions of the security
provided, performance of the relevant obligations is secured in full) specifying separately the amount of the
security provided by the Issuer for obligations of third parties. If the Issuer provides security in the form of a
pledge or guarantee, in addition the amount of security provided by the Issuer in the form of a pledge shall be
indicated, specifying separately the amount of security in the form of a pledge provided by the Issuer for
obligations of third parties, and the amount of security provided by the Issuer in the form of a guarantee,
specifying separately the amount of security in the form of a guarantee provided by the Issuer for obligations of
third parties.
Unit of measure:
RUB
Indicator
As of December 31,
2015
2016,three months
Total amount of security provided by the Issuer (amount of
outstanding obligations for which the Issuer provided
security
92 757 240 140,50
104 440 782 713,57
Amount of security provided by the Issuer for obligations of
third parties
92 757 240 140,50
104 440 782 713,57
Amount of security provided by the Issuer in the form of a
pledge, specifying separately the amount of security in the
form of a pledge provided by the Issuer for obligations of
third parties,
25,642,903,370.59
25,642,903,370.59
Amount of security provided by the Issuer in the form of a
guarantee, specifying separately the amount of security in
the form of a guarantee provided by the Issuer for
obligations of third parties,
67 114 336 769,91
78 797 879 342,98
Information on each case of the provision of a security, the amount of which is five or more per cent of
the balance value of the Issuer's assets as at the end of the relevant reporting period:
Such liabilities at the reporting date are not available.
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2.3.4. Other Liabilities of the Issuer
There are no other obligations not recognized in the accounting (financial) statements that could materially affect
the Issuer's financial status, liquidity, sources of financing, and terms and conditions of application thereof,
performance results and expenses
2.4. Risks Inherent to Acquisition of Equity Securities Being Placed
(Placed)
The Issuer's risk management policy:
Detailed analysis of risk factors related to acquisition of the placed equity securities, in particular:
Industry risks
Country and regional risks
Financial risks
Legal risks
Reputation risk
Strategic risk
Risks related to the Issuer's activities
Emerging wholesale and retail electricity and capacity markets have a higher risk level than developed
markets of other products and services and include significant legal, economic, and, because of high social
significance for country, political risks. Dynamic development of these markets allows us to suppose, with a high
probability, that information contained herein can be promptly outdated. Current information uncertainty
because of the dynamic change of factors can influence the Issuer's future activity, possibility of asset sale, and
meeting of repayment deadlines. The investors shall take that uncertainty into account in estimating of own risks
and taking a decision on investment feasibility. In addition, some risks that are not substantial at the moment
may become substantial in future.
In order to optimize risks, the Issuer performs regular work on their recognition, assessment, and control, as well
as development and application of risk response measures, business continuity management, and aspires to meet
international and national risk management standards (National State Standard R ISO 31000-2010, COSO ERM
2004, Corporate governance code of the Central Bank of the Russian Federation, guidelines of Federal Property
Management Agency and the Ministry of Finance in the field of risk management
and internal control, etc.).
Quality of the risk management system of the Issuer was earlier confirmed by an independent jury of
international competitions. In particular, the Issuer was pronounced the winner in such categories as the Best
Risk Management Comprehensive Program,
the Best Risk Manager of Russia, conducted by Russian Risk
Management Society RusRisk, Russian National Association of Risk Managers, being a member of the
Federation of European Risk Management Association (FERMA). In June, 2015 within the framework of the
13th International professional forum "Risk Management in Russia and CIS" program RusHydro risk
management has become a winner of the annual competition "Best Risk Management 201 " in the category
"Production organization". In November 2015 the Company participated in the KPMG study, "The practice of
risk management in Russia: strengths and areas for development." Results of the study are presented under the
link http://www.kpmg.com/RU/ru/IssuesAndInsights/ArticlesPublications/Pages/Risk-management-practice-in-
Russia-report.aspx. As it was demonstrated by this study many of the best practices of corporate risk
management are assessed on major Russian companies and are used in PJSC "RusHydro" (the integration of risk
management in the company's development strategy, the collection and accumulation of statistical data, the
interaction between departments, the involvement and active participation of key stakeholders as well as the
quality of information on key risks.
By the Decision of the Management Board of the Company dated November 28, 2014, No. 884, the
Development Program for Corporate Internal Control and the Risk Management System of RusHydro Group
was approved.
The Issuer's activity with regard to risk management is connected with the need to reconstruct operating
and construct new generating facilities, including:
Improving reliability, safety, and cost effectiveness of the equipment by regenerating worn main and auxiliary
equipment;