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 REGISTER LOG IN

Press Releases

company search
all press releases
all LSR Group press releases

LSR Group

September 28, 2016

LSR Group announces the completion of exchange-traded bonds placement

LSR Group (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, announces the successful completion of exchange-traded bonds placement in amount of RUB 5 bn. 

On September 28, 2016, LSR Group successfully placed exchange-traded bonds of the 001P-01 series (identification number of the issue 4B02-01-55234-E-001P as of 22.09.2016). The offering in the amount of RUB 5 bn has a maturity of 5 years, quarterly coupon payments, and the coupon rate of 10.75%, which is equivalent to yield to maturity of 11.19%. Bonds redemption is planned on the amortization scheme starting from the 12th coupon. The total demand for the offering exceeded RUB 15 bn.

Earlier, on August 10, 2016, Moody’s Investor Service upgraded LSR Group’s corporate family rating (CFR) of LSR Group from B2 to B1. The rating agency cited that the upgrade reflected company’s proven track record of successfully weathering the industry cycle, leading market positions and healthy financial and liquidity profiles.

LSR Group Chief Financial Officer Andrey Nikitin comments: “The recent bond issue marks the return of LSR Group to the public debt market. High interest in our company allowed us to achieve the coupon rate below the originally announced level and form a diversified and balanced base of debt investors, including pension funds, asset managers, banks and insurance companies. This issue enabled us to reduce the cost of borrowing, and we plan to further increase the share of public debt in the capital structure of the LSR Group”.
The placement was organized by Alfa Bank and Raiffeisenbank.

For more information please contact:

LSR Group Investor Relations
E-mail: ir@lsrgroup.ru

LSR Group Press Service
Tel.: +7 812 333 11 11
E-mail: press@lsrgroup.ru 
www.lsrgroup.ru  

 

 

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 H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer