LSR Group (LSE: LSRG; MICEX-RTS: LSRG) announces the placement of interest-bearing non-convertible rouble bonds redeemed at the request of the owners and at the discretion of the issuer. The bonds will be placed through public subscription. The total size of the issue is RUB 3 billion.
Issuer: OJSC LSR Group
Identification number: 4¬02-04-55234-Ňas of 16 February 2011
Placement date: 10 April 2013
Duration: 1820 days starting from the placement date
Interest payment periods: 10 interest payment periods of 182 days each
Lead manager: Uralsib Capital
The placement will be conducted in the form of tender to determine the first coupon rate pursuant to the procedure established by the Resolution on securities issue and the Prospectus.
Notes to Editors:
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of 31 December 2012 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Groupís real estate portfolio is equal to 8.7m m2 with the market value of RUB 120bn. In 2012, the sales revenue of LSR Group amounted to RUB 61,122m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.
For more information please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72