print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases  LSR Group REGISTER LOG IN

Press Releases > LSR Group  all about the company

company search
all press releases
all LSR Group press releases

LSR Group

December 15, 2010

LSR Group restructures project financing for cement plant construction

LSR Group (LSE: LSRG; MICEX, RTS: LSRG) and Bank VTB North-West have signed an agreement to open a loan facility worth RUB 5 billion.

The new loan facility will substitute the existing loan facility of ˆ 113.9 million by RBS (formerly ABN AMRO) and HSBC, obtained in March 2008, for cement production equipment.

The final redemption date for the new loan facility - December 2017 - is in fact equal to the one of RBS/HSBS loan.

Elena Tumanova, CFO of LSR Group, comments:
“The replacement of the RBS/HSBC loan facility with the new rouble-nominated loan from VTB North-West is the important step towards the reduction of our currency risks. In the near future we will continue our work to attract long-term financing nominated in roubles to replace our debt nominated in foreign currency.”

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer