LSR Group (LSE: LSRG; MICEX, RTS: LSRG) announces the results of the Series BO-05 bond placement worth RUB 2 bn. Identification number of the issue is 4Â02-05-55234-Å as of 16 February 2011. The principal amount of the bonds placed was 2,000,000 with a nominal value of RUB 1,000 each.
The first coupon rate was determined today as a result of the tender. The total size of the bond issue was RUB 2 billion. The duration period is 3 years (1092 days) from the placement date. The put option is not to be executed. The bond issue is included into the Qotation list A1 of MICEX.
In the course of the tender investors submitted 54 bids with the first coupon rate ranging from 8.20% to 8.57%. Overall demand amounted to RUB 3.1 bn. Thus, the issue was 1.5 times oversubscribed. The rate for the duration period was set at 8.47% with the earlier announced rate range of 8.5%-8.75%. The interest rate of the second, third, fourth, fifth and sixth coupons are equal to the first coupon rate. The total number of bids satisfied is 20 (one bid was partially satisfied).
The bond placement is a part of LSR Group strategy aimed at attracting long term financing, in particular for the company’s investment projects.

The lead manager and underwriter of the placement was Uralsib Capital.